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Appears in Collections:Faculty of Health Sciences and Sport Journal Articles
Peer Review Status: Refereed
Title: Impression management in football club financial reporting
Author(s): Morrow, Stephen
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Keywords: Football finance
Soccer Italy
Soccer teams Italy
Soccer Economic aspects Italy
Issue Date: May-2006
Date Deposited: 26-Apr-2010
Citation: Morrow S (2006) Impression management in football club financial reporting. International Journal of Sport Finance, 1 (2), pp. 96-108.
Abstract: The paper investigates the selection of accounting policies for intangible assets in the Italian football industry, focusing on the effects of the so-called salva calcio decree. Introduced by the Italian government, the decree effectively permitted clubs to amortise the asset of players’ registration rights over an arbitrary time period of ten years rather than over the length of players’ contracts, thus improving clubs’ reported financial position and performance. While adoption of the salva calcio decree had no direct cash flow effect, it had indirect economic consequences. It is argued that adoption of this policy by some Italian clubs was motivated by a form of legitimacy theory, whereby clubs sought to legitimise their financial position and performance with a view to meeting the licensing demands of football governing bodies. It also highlights the difficulty stakeholders face when trying to understand a football club’s financial results. Far from being neutral, figures in financial statements are value-laden.
Rights: The editor has granted permission for use of this article in this Repository. The article was first published in the International Journal of Sport Finance (IJSF) by West Virginia University / Fitness Information Technology (FiT).

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