COMPARATIVE ANALYSIS OF FINANCE FUNCTIONING OF RUSSIAN AND OVERSEAS FOOTBALL CLUBS

In market economy finance management is one of the most important aspects of any company functioning, which binds different lines of its work and shows the company standing on market, its competitiveness, prospects of sustainable development and value growth. Application of principles, methods and t...

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Autores principales:	A. A. Aliev, O. V. Litvishko, D. V. Vyprikov
Formato:	article
Lenguaje:	RU
Publicado:	Plekhanov Russian University of Economics 2020
Materias:	professional sport profit profitability finance sustainability liquidity efficiency Economics as a science HB71-74
Acceso en línea:	https://doaj.org/article/c8e13b0190bc42f8b6aa5471e75077f4
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spelling	oai:doaj.org-article:c8e13b0190bc42f8b6aa5471e75077f42021-11-15T05:20:49ZCOMPARATIVE ANALYSIS OF FINANCE FUNCTIONING OF RUSSIAN AND OVERSEAS FOOTBALL CLUBS2413-28292587-925110.21686/2413-2829-2020-1-16-24https://doaj.org/article/c8e13b0190bc42f8b6aa5471e75077f42020-02-01T00:00:00Zhttps://vest.rea.ru/jour/article/view/811https://doaj.org/toc/2413-2829https://doaj.org/toc/2587-9251In market economy finance management is one of the most important aspects of any company functioning, which binds different lines of its work and shows the company standing on market, its competitiveness, prospects of sustainable development and value growth. Application of principles, methods and tools in management of finance resources of sport industry entities depends on organizational and legal structure, sources of financing and founders. Criteria of efficiency estimation can be formed by indicators based on the current concept of value oriented approach as well as indicators connected with conventional approaches based on the account model of management, such as profitability, liquidity and sustainability. The authors provide a comparative analysis of finance activity of certain Russian and overseas football clubs in order to assess efficiency of their management and availability of optimum conditions of their functioning. The article shows that in conditions of low popularity ofsports in our country and poor paying capacity of the population in comparison with industrial countries our sports clubs have low finance factor in contrast to their competitors on the international arena. It can be explained by the fact that conditions of clubs’ passing over to the market model of functioning have not been formed yet, which makes them orient to budget sources of financing, while leading European clubs are competent participants of market economy that can work all over the world.A. A. AlievO. V. LitvishkoD. V. VyprikovPlekhanov Russian University of Economicsarticleprofessional sportprofitprofitabilityfinance sustainabilityliquidityefficiencyEconomics as a scienceHB71-74RUВестник Российского экономического университета имени Г. В. Плеханова, Vol 1, Iss 1, Pp 16-24 (2020)
institution	DOAJ
collection	DOAJ
language	RU
topic	professional sport profit profitability finance sustainability liquidity efficiency Economics as a science HB71-74
spellingShingle	professional sport profit profitability finance sustainability liquidity efficiency Economics as a science HB71-74 A. A. Aliev O. V. Litvishko D. V. Vyprikov COMPARATIVE ANALYSIS OF FINANCE FUNCTIONING OF RUSSIAN AND OVERSEAS FOOTBALL CLUBS
description	In market economy finance management is one of the most important aspects of any company functioning, which binds different lines of its work and shows the company standing on market, its competitiveness, prospects of sustainable development and value growth. Application of principles, methods and tools in management of finance resources of sport industry entities depends on organizational and legal structure, sources of financing and founders. Criteria of efficiency estimation can be formed by indicators based on the current concept of value oriented approach as well as indicators connected with conventional approaches based on the account model of management, such as profitability, liquidity and sustainability. The authors provide a comparative analysis of finance activity of certain Russian and overseas football clubs in order to assess efficiency of their management and availability of optimum conditions of their functioning. The article shows that in conditions of low popularity ofsports in our country and poor paying capacity of the population in comparison with industrial countries our sports clubs have low finance factor in contrast to their competitors on the international arena. It can be explained by the fact that conditions of clubs’ passing over to the market model of functioning have not been formed yet, which makes them orient to budget sources of financing, while leading European clubs are competent participants of market economy that can work all over the world.
format	article
author	A. A. Aliev O. V. Litvishko D. V. Vyprikov
author_facet	A. A. Aliev O. V. Litvishko D. V. Vyprikov
author_sort	A. A. Aliev
title	COMPARATIVE ANALYSIS OF FINANCE FUNCTIONING OF RUSSIAN AND OVERSEAS FOOTBALL CLUBS
title_short	COMPARATIVE ANALYSIS OF FINANCE FUNCTIONING OF RUSSIAN AND OVERSEAS FOOTBALL CLUBS
title_full	COMPARATIVE ANALYSIS OF FINANCE FUNCTIONING OF RUSSIAN AND OVERSEAS FOOTBALL CLUBS
title_fullStr	COMPARATIVE ANALYSIS OF FINANCE FUNCTIONING OF RUSSIAN AND OVERSEAS FOOTBALL CLUBS
title_full_unstemmed	COMPARATIVE ANALYSIS OF FINANCE FUNCTIONING OF RUSSIAN AND OVERSEAS FOOTBALL CLUBS
title_sort	comparative analysis of finance functioning of russian and overseas football clubs
publisher	Plekhanov Russian University of Economics
publishDate	2020
url	https://doaj.org/article/c8e13b0190bc42f8b6aa5471e75077f4
work_keys_str_mv	AT aaaliev comparativeanalysisoffinancefunctioningofrussianandoverseasfootballclubs AT ovlitvishko comparativeanalysisoffinancefunctioningofrussianandoverseasfootballclubs AT dvvyprikov comparativeanalysisoffinancefunctioningofrussianandoverseasfootballclubs
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COMPARATIVE ANALYSIS OF FINANCE FUNCTIONING OF RUSSIAN AND OVERSEAS FOOTBALL CLUBS

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