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Focusing primarily on Italian and European football, the research performs extended analyses at both the club and federation levels, compares between financial and sport achievements, and identifies correlations and discrepancies between the two. The paper aims to discuss these issues.

The paper studies managerial systems and strategic directions across clubs and countries and links them to financial and sport performance. The research is primarily secondary-data and literature review based and uses multiple sources to ensure validity and reliability of the findings.

Solutions to the diachronic problems of football cannot be addressed through isolated actions, nor by isolated clubs, or even federations; but through systemic changes that affect, at club and federation levels: the organisational structure; the financial control mechanisms; and the very social essence of football.

The research is limited by its very secondary-data-based nature. Subject-specific primary data are thus necessary to empirically test the preliminary findings and propositions of this research.

The paper escapes the conventional “sports/financial performance” analyses to support a new perspective that examines the core product of football and identifies, comprehends and prescribes the various values offered by football to its various stakeholders and vice versa.

This study aims to examine the association between national economic prosperity (measured by per capita gross national income – GNI) and the acquisition of football workers (indicated by number of amateur footballers, football officials and professional footballers) and predict football performances (specified by qualifications at continental football championships) based on per capita GNI and football workers.

Archival data of 203 national football teams were utilized based on continental football championship records before 2014. Binary logistic regression analysis was used to build various models to ascertain their predictive values. Economically prosperous nations are those with a per capita GNI of more than US$10,000, and unprosperous nations are those with per capita GNI of less than US$10,000.

The analysis indicated that per capita GNI was significantly and positively associated with the acquisition of football workers – but not predictive of football performance. Rather football officials and professionals emerged to be the key predictors of football performance and not per capita GNI. The final model predicted 73.1 and 74.2 per cent of performance and non-performance, respectively, of national football teams correctly.

The findings were largely restricted to quantitative archival data for the last continental championships. However, future research may benefit from using qualitative interviews, questionnaires and or ethnographic studies of players, teams and or managers.

The results revealed that economic prosperity positively influences the acquisition of football resources (here – in football workers). Specifically, targeted production of football workers, such as the acquisition of a large number of effective professional footballers and officials, can boost football performance – and not merely economic prosperity.

Actual football-specific human capital (and not general population) was used in predicting continental football qualifications – a factor uncommon in such studies.

The main purpose of this paper is to examine the relationship between human capital investments and financial performance in the professional football industry. The authors examine this association by controlling for internal (club-level) mechanisms of governance. Specifically, as they deal with a context of highly concentrated ownership and familial control of football clubs, they posit that the degree of family board representation and a dual leadership structure exert a moderating effect on the decision to spend on playing talent.

The empirical analysis employs a fixed-effect econometric model on a panel data set of 16 Italian football clubs that spans a nine-year time period ending up with 144 firm-year observations.

The main novel finding of this investigation is that clubs with CEO duality and a high degree of family board representation manage to profit from investments in player contracts as opposed to clubs which lack these governance mechanisms.

A clear implication is that the presence of corporate governance mechanisms at club level may be value-enhancing. In terms of policy direction, the finding makes the case that regulatory bodies should consider the imposition of governance mechanisms at club level as a means to promote actual financial discipline and a further ally to current regulations that are restricted to monitoring processes tied to accounting data.

This study attempts to explain the financial outcomes of player investments by combining insights from the mainstream governance and family business literature. Prior works in the field are restricted to testing the direct relation between player investments and performance, but fail to consider the potential moderators of this association.

This study explores the relationship between governance model – private organisations vs non-profit organisations (NPOs) – and performance in football clubs.

The study is a comparative case study of two football clubs with different governance models: Malmö FF, which is an NPO, and Bologna FC, which is a privately owned club.

The results show that both football clubs focus equally on financial and non-financial performance, and in practice, both clubs use a blend of private and NPO governance models. While supporting efforts towards financial results, blending the models appears to support football clubs' management of the tension between financial and non-financial performance and the expectation that they will contribute to local development. Thus, using a blend of the two models is not only accepted but expected.

This study is a comparative case study of two football clubs. This study furthers our understanding of how football clubs manage the tension between financial and non-financial performance expectations. This is particularly of interest in light of the increasing professionalisation of sports, especially football, and how this might jeopardise the contributions that sport clubs make to the local community.

By exploring the relationship between governance model and performance, this study shows that, contrary to expectations, privately owned football clubs focus as much on non-financial performance as clubs governed as NPOs. This study contributes to the existing literature by showing how clubs use a mixture of elements from governance models to manage the tension between financial and non-financial performance that has emerged in the wake of the increasing professionalisation of football.

Professional football clubs have increasingly initiated two corporate diversification strategies to enfold growth opportunities besides traditional income sources: business diversification and international diversification. Empirical findings from management and sport management literature provide inconclusive evidence on these strategies' financial performance effects, necessitating further research. The purpose of this article is therefore to investigate how both corporate diversification strategies affect the financial performance of professional football clubs.

A 15-year panel data set of English Premier League (EPL) clubs is examined, many of which have employed corporate diversification strategies. Measures for related business diversification (RBD) and unrelated business diversification (UBD) as well as international diversification are established from management literature. Based on fixed effects regression models, their effects on clubs' revenues and profitability are then examined.

U-shaped effects from RBD on revenues and profitability are found, but no effects from UBD. These findings empirically support the theoretically appealing superiority of RBD over UBD and, with increasing levels of RBD, over a focused strategy in management literature. With international diversification, an inverted U-shaped effect on revenues is identified.

Despite focusing only on the EPL, these findings provide new evidence of non-linear financial performance effects from corporate diversification strategies adding to (sport) management literature and setting the stage for future research on these strategies in professional football.

These findings have significant implications for club managers' strategic growth opportunities such as new business models or geographic markets.

This is the first study to empirically examine the financial effects of corporate diversification strategies in the football market context.

Over recent decades, knowledge transfer processes and knowledge-intensive organizations have been increasingly investigated from several perspectives. Knowledge translation activated by knowledge-intensive organizations is supported by several factors, among which intangible assets play a significant role. Our research mainly investigates the relationship between the knowledge owned by knowledge workers in source organizations and the process of its translation to recipient organizations. Specifically, this paper aims at analyzing knowledge translation and organizational performance in the football industry, uncovering both the role of professional football players' skills transfer and the determinants of achieving positive performance at the organizational level.

A quantitative method is adopted, using both bivariate linear regression analysis and network analysis. Using key aspects of Nakauchi et al.'s (2007) knowledge transfer framework, intra-organizational dynamics are analyzed based on measurements of the performance of professional football players before and after transferring from one club (the source organization) to another (the recipient organization).

Our research results are mainly intended to show the factors that influence knowledge translation in the light of team performance improvement. Our empirical analysis shows the need for the coexistence of a combination of factors, especially the quality of the source and recipient organizations and of the relationship between them, to achieve the transferability of professional football players' capabilities and performance.

The academic community, practitioners and policymakers can draw on the theoretical and practical advances made by the findings to address knowledge translation issues with an improved understanding of its factors and determinants.

Despite some limitations to the study, we identify the factors, determinants and contexts that facilitate the transfer of knowledge and specialist knowledge and thus contribute to the successful operation of contemporary organizations. Moreover, the results of our analysis are applicable to all economic sectors.

This paper aims to predict a college football team’s competitiveness using physical resources, human resources and organizational resources.

Guided by the resource-based theory, the study used archival data of 101 college football teams. The dependent variable was competitiveness (indicated by win-loss records), the independent variables were physical resources (operationalized as home attendance and total revenues), human resources (measured as coaches’ salary and coaches’ experience) and organizational resources (specified as conference rankings and the number of sports). Kendall Tau correlation and binary logistic regression were used to examine the associative and predictive competitive advantages.

The binary logistic regression model showed an overall percentage predictive correctness of 71.3%, with a Negelkerke R² of 41.1% of the variance of all predictors – with coaches’ experience, total revenues and home attendance being the best predictors of generating competitive advantages that produced superior win-loss records.

The research focused exclusively on physical, organizational and human resources as sources of competitive advantage and not physiological and/or psychological variables.

College football teams aspiring to be competitive may benefit from this study by applying a three-fold strategy of hiring well-paid high performing and experienced coaches who can increase attendance and revenues.

The study was unique in two ways – one, it made clear the positive significance of coaches’ experience as a source of competitive advantage, and second, it highlighted the catalytic effects of revenues and attendance in fueling competitiveness.

The purpose of this paper is to examine the elective affinity between sport science and elite football by situating it first, within the wider political economy of football and second, within the dynamics of the market and work situation faced by elite players in the modern game.

The methodology underpinning this paper continues this movement by considering the impact on market and work situation of elite footballers due to wider social structures and the distribution of social power peculiar to the football industry. It is premised on the view that observed events and contingent relations and processes are linked to more enduring social structures and that knowledge must take account of all three.

The resulting impact of sport science on elite football is contradictory, facilitating, on the one hand, the development of football as an aesthetic experience, while on the other hand, threatening to transform the football spectacle into a mundane exercise in the search for increased functional peak performance for its own sake.

The value of this paper is that it considers salaries and player power to determine value by exploring the impact on market and work situation of elite footballers set in the context of wider social structures and the distribution of social power peculiar to the football industry.

Elite footballers yield immense power over their market situation, which sport science has the potential to enhance and sustain by fine honing peak fitness. The football club’s relative lack of control of the player’s market situation necessitates the appliance of sport science to help maximize control over the player’s work situation.

The paper demonstrates that sport science develops elite footballers to peak fitness, while also developing footballers as commodities; and this latter aspect if taken too far may potentially transform football into a mundane exercise in the search for increased functional peak performance for its own sake.

The paper draws together the relatively neglected analysis of the football labour process with the increasing interventions of sport science to football and sets this within a broader political economy of football.

Despite the perceived benefits of implementing virtual reality (VR) training in elite sport, arguably the most important element – the perceptions of practitioners – has been largely understudied. Therefore, the present study aims to explore practitioners' perceptions of VR training in elite football and baseball, with a focus on the important factors, obstacles, perceived knowledge and practical use of the technology.

A quantitative approach measuring practitioner perceptions via an online questionnaire was adopted. Football respondents (n = 25) represented practitioners from major football leagues across the world, and baseball respondents (n = 15) represented practitioners from Major League Baseball.

Both football and baseball respondents reported that the most important factor for implementation of VR training was improvement in on-field performance (technical and tactical); whilst cost was viewed as the biggest obstacle. Both football and baseball respondents also noted that the most likely group to receive VR training would be injured and rehabilitating athletes. Mann–Whitney U tests revealed that football respondents perceived coach (p = 0.02) and executive approval (p < 0.001) as significantly greater obstacles than baseball respondents.

This research provides novel and invaluable information for stakeholders within VR regarding what the elite organisations of different sports perceive as the most important factors for implementation, as well as greatest obstacles preventing use. This information should guide future development and marketing of VR training systems in sport.

The purpose of this paper is to verify the theoretical assumption about a weaker role of internal governance structures (namely, board and CEO) in determining sporting and financial performances in highly concentrated club ownership environment.

Using data from the Italian and English football clubs playing in their national top divisions, over the period 2006–2015, the authors apply agency theory, property rights theory and win maximization logic to test the absence of a significant impact of internal governance structures on financial performances and clubs’ sporting performance. Ownership structure’s variables are used as control variable.

Empirical findings document an overall poor impact of board structure and CEO features on financial performances, in comparison with the influence of ownership structure; the consolidation of win maximization logic of clubs’ owners has been demonstrated in this specific context. However, the authors found that some internal governance elements have also an impact on performance even if their contribute is limited: board size results negatively associated to club profitability, board independence and CEO tenure are positively related to sporting performance; in addition, CEO tenure also increases profitability.

The originality of the paper lies on the contribution arising from this empirical research, since a scarcity of empirical studies analyzing the correlation between internal governance and performance in European football sector is noticed.