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Texto para Discussão n.° 641 – The Relationship between Financial and Sporting Performance of Professional Football Clubs: empirical evidence from brazilian football

Home >Publicações >Texto para Discussão n.° 641 – The Relationship between Financial and Sporting Performance of Professional Football Clubs: empirical evidence from brazilian football

The Relationship between Financial and Sporting Performance of Professional Football Clubs: empirical evidence from brazilian football

Thomas Cristofaro Warrener, Carlos Eduardo da Gama Torres and Igor Viveiros Melo Souza

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Abstract:

The aim of this research is to investigate the relationship between sports and financial performance of Brazilian football clubs. Using data extracted from the Itaú-BBA reports (2015, 2016, 2018 and 2020), and from the Brazilian Football Association team performance rankings it was possible to calculate financial and sporting performances of twenty-six Brazilian football clubs for the period between 2013 to 2019. The results presented in this paper indicate that sports performance has a positive effect on the financial results of Brazilian football clubs, and that the financial result exerts a positive influence on sports performance.