Managerial Finance


Accounting and Finance

Table Of Contents: Volume 12 Issue 1

The Economics of the Industry

R.J. Sutherland, M. Haworth

One of the principal findings of the most recent enquiry into professional football was that: “Running a successful league club is now a major commercial activity”. In…

Finance and Football Clubs : What Cash Flow Analysis Reveals

B.J. Webb, J.M. Broadbent

The precarious position of Football League Club finances has been highlighted by extensive press coverage and has given concern to the Football League. It is our…

Aston Villa and Wolverhampton Wanderers 1971/2 to 1981/2: A Study of Finance Policies in the Football Industry

A.J. Arnold, B.J. Webb

The football industry is a most unusual one. Football clubs, unlike most other organisations, need to cooperate in order to provide a saleable product, a game. Companies…

Hiring as an Investment Decision: The Recruitment Policies of the Professional Football Club

R.J. Sutherland

The total neglect of human assets as opposed to physical assets is one of the anomalies of financial accounting. Perhaps nowhere is this anomaly greater than in the…

The Retain and Transfer System: An Alternative Perspective

G. Stewart

Presented as the “linchpin of the footballer's labour market”, the retain and transfer system in English professional football is recognised as the major mechanism by…



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  • Professor Don Johnson