Europe | FiT Publishing

Determinants of Professional Sports Firm Values in the United States and Europe: A Comparison Between Sports Over the Period 2004-2011, pp. 280-293

Nicolas Scelles

Boris Helleu

Christophe Durand

Liliane Bonnal

Since the beginning of the nineties, professional sports firm values have been estimated by American newspapers. In 2004, Forbes proposed for the first time a list of the most valuable European soccer teams. In this article, we compare the determinants of firm values in MLB, the NBA, NFL, NHL, and European soccer over the period 2004-2011. The results show only one variable for which the sign and significance are the same for all the leagues: historical sports performance, with a significantly positive impact in each league. The comparison between the United States and Europe reveals that...Read more

Guest Editor’s Note: The Financial Crisis in European Football: Proceedings of the Conference on Football and Finance, pp. 27

Bernd Frick

The revenues of professional football clubs in Europe have increased enormously over the last decades. The big five European leagues (England, France, Germany, Italy, and Spain) in 2007-08 generated revenues of almost €10 billion, of which €3 billion have to be attributed to the English Premier League and €1.8 billion each to the Spanish “La Liga,” the Italian “Serie A,” and the German “Bundesliga.”Read more