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Crisis? What Crisis? Football in Germany

Author

Listed:
  • Bernd Frick
  • Joachim Prinz

    (Witten/Herdecke University)

Abstract

The purpose of this article is to describe the financial situation and the development of club finances of the German “Bundesliga†. Using data provided by the football association and data collected from a number of different sources we find that the majority of the teams are economically well established: Revenues have increased steadily, liabilities are under control, and player salaries have considerably declined. The ongoing debate about the liabilities of the German soccer teams is clearly misleading because two largemarket teams are principally responsible for the overall increase of the clubs' liabilities.

Suggested Citation

  • Bernd Frick & Joachim Prinz, 2006. "Crisis? What Crisis? Football in Germany," Journal of Sports Economics, , vol. 7(1), pages 60-75, February.
    • Handle: RePEc:sae:jospec:v:7:y:2006:i:1:p:60-75
    DOI: 10.1177/1527002505282868
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    References listed on IDEAS

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    1. Stephen Hall & Stefan Szymanski & Andrew S. Zimbalist, 2002. "Testing Causality Between Team Performance and Payroll," Journal of Sports Economics, , vol. 3(2), pages 149-168, May.
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    Cited by:

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    2. Roger G. Noll, 2007. "Broadcasting And Team Sports," Scottish Journal of Political Economy, Scottish Economic Society, vol. 54(3), pages 400-421, July.
    3. Leitao, Joao & Armada, Manuel Rocha & Ferreira, Joaaquim, 2012. "Corruption and Co-Movements in European Listed Sport Companies: Did Calciocaos really matter?," MPRA Paper 42474, University Library of Munich, Germany.
    4. Sakınç, İlker, 2014. "Using Grey Relational Analysis to Determine the Financial Performance of Turkish Football Clubs," EconStor Open Access Articles and Book Chapters, ZBW - Leibniz Information Centre for Economics, vol. 1(1), pages 22-33.
    5. Tommy Quansah & Bernd Frick & Markus Lang & Kieran Maguire, 2021. "The Importance of Club Revenues for Player Salaries and Transfer Expenses—How Does the Coronavirus Outbreak (COVID-19) Impact the English Premier League?," Sustainability, MDPI, vol. 13(9), pages 1-22, May.
    6. Colella, F. & Dalton, Patricio & Giusti, G., 2021. "All you Need is Love : The Effect of Moral Support on Performance (Revision of CentER DP 2018-026)," Discussion Paper 2021-005, Tilburg University, Center for Economic Research.
    7. Helmut M. Dietl & Egon Franck, 2007. "Governance Failure and Financial Crisis in German Football," Journal of Sports Economics, , vol. 8(6), pages 662-669, December.
    8. Sittl, Roman & Warnke, Arne Jonas, 2016. "Competitive balance and assortative matching in the German Bundesliga," ZEW Discussion Papers 16-058, ZEW - Leibniz Centre for European Economic Research.
    9. John Vrooman, 2007. "Theory Of The Beautiful Game: The Unification Of European Football," Scottish Journal of Political Economy, Scottish Economic Society, vol. 54(3), pages 314-354, July.
    10. Babatunde Buraimo & Bernd Frick & Michael Hickfang & Rob Simmons, 2015. "The Economics of Long-term Contracts in the Footballers' Labour Market," Scottish Journal of Political Economy, Scottish Economic Society, vol. 62(1), pages 8-24, February.
    11. Ýlker SAKINÇ, 2014. "Export Price Stability and Compatibility of Euro under the Export- Biased Productivity Growth in Turkey: A Criticism against the Maastricht Inflation Criterion," Journal of Economics Library, KSP Journals, vol. 1(1), pages 22-33, December.
    12. Stefan Szymanski, 2011. "Sport Financing and Governance in Europe," Chapters, in: Wladimir Andreff (ed.), Contemporary Issues in Sports Economics, chapter 4, Edward Elgar Publishing.
    13. Budzinski, Oliver, 2014. "The competition economics of financial fair play," Ilmenau Economics Discussion Papers 85, Ilmenau University of Technology, Institute of Economics.
    14. Andrews, Matt & Harrington, Peter, 2016. "Off Pitch: Football's Financial Integrity Weaknesses, and How to Strengthen Them," Working Paper Series 16-009, Harvard University, John F. Kennedy School of Government.
    15. David Procházka, 2012. "Financial Conditions and Transparency of the Czech Professional Football Clubs," Prague Economic Papers, Prague University of Economics and Business, vol. 2012(4), pages 504-521.
    16. Dina Miragaia & João Ferreira & Alexandre Carvalho & Vanessa Ratten, 2019. "Interactions between financial efficiency and sports performance," Journal of Entrepreneurship and Public Policy, Emerald Group Publishing Limited, vol. 8(1), pages 84-102, July.
    17. David Alaminos & Manuel Ángel Fernández, 2019. "Why do football clubs fail financially? A financial distress prediction model for European professional football industry," PLOS ONE, Public Library of Science, vol. 14(12), pages 1-15, December.
    18. Matt Andrews, 2015. "Being Special: The Rise of Super Clubs in European Football," CID Working Papers 299, Center for International Development at Harvard University.

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