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The Capital Structure of Football Clubs

In: The New Business of Football

Author

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  • Stephen Morrow

    (Heriot-Watt University)

Abstract

The phrase capital structure refers to the way in which a company is funded for the medium to long term. In practice the distinction between short term financing and long term financing has become blurred, as financial innovations and changing presentation methods have allowed enterprises more freedom to obtain financing over different future time periods. As a general rule we can use the following definitions: ‘short term’ — less than three years, but usually less than one year; ‘medium term’ — three to ten years; and ‘long term’ — over ten years.

Suggested Citation

  • Stephen Morrow, 1999. "The Capital Structure of Football Clubs," Palgrave Macmillan Books, in: The New Business of Football, chapter 3, pages 58-120, Palgrave Macmillan.
  • Handle: RePEc:pal:palchp:978-0-230-37174-3_4
    DOI: 10.1057/9780230371743_4
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    Cited by:

    1. Jerome Geyer-Klingeberg & Markus Hang & Matthias Walter & Andreas Rathgeber, 2018. "Do stock markets react to soccer games? A meta-regression analysis," Applied Economics, Taylor & Francis Journals, vol. 50(19), pages 2171-2189, April.

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