PLUMLEY, Daniel James (2014). Alternative approaches to financial and sporting performance measurement in English professional football. Doctoral, Sheffield Hallam University. [Thesis]
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10702884_Plumley.pdf - Accepted Version
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10702884_Plumley.pdf - Accepted Version
Available under License All rights reserved.
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Abstract
The purpose of this thesis is to combine, in a new way, variables of financial
performance and sporting performance in professional football clubs to provide a new
measure of overall performance. Previous literature on the topic indicates that the
choice of variables used to measure sporting and financial performance has been
haphazard and inconsistent. Subsequently, this thesis devises and tests a model that
provides a new holistic measure of overall performance and can be used to evaluate the
performance of professional football clubs in England. The model was produced using
statistical analysis techniques to ensure that the correct variables were included and
weighting factors on each variable added a further robustness to the model. The model
is also timely in relation to new regulations throughout the European game such as
Financial Fair Play which aims to alleviate the debt problem across professional football
and encourage clubs to spend within their means.
The thesis concluded a number of findings in relation to English professional football
clubs since 1992. First, there has been a move towards utility maximisation among
English clubs. Second, the foreign ownership model has led to an improvement in
sporting performance and a decline in financial performance. Third, there is evidence to
suggest that there has been a relationship between rising revenues and rising costs in
English football during the last twenty years and that this shows no signs of abating.
The central contribution to knowledge o f this thesis is the production of the model. The
model highlights, for the first time, the relationship between variables. The thesis also
provides a contribution to knowledge when analysing the performance o f clubs in the
English football industry since the formation of the English Premier League in 1992. A
further contribution is the potential application of the model to other professional team
leagues and sports both in the UK and overseas. Such a model can be used by
professional sports clubs, academics and practitioners alike to ascertain how a given
club is performing in relation to its closest competitors. The model can also be used by
governing bodies to inform and implement changes at policy level. Furthermore, the
model and its uses are not exclusively limited to the UK given the Eurocentric nature of
the work.
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