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Appears in Collections:Faculty of Health Sciences and Sport Journal Articles
Peer Review Status: Refereed
Title: Insolvency in French soccer: The case of payment failure
Author(s): Scelles, Nicolas
Szymanski, Stefan
Dermit-Richard, Nadine
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Keywords: insolvency
payment failure
French soccer
demand shocks
club status
Issue Date: 14-Nov-2016
Date Deposited: 27-Sep-2016
Citation: Scelles N, Szymanski S & Dermit-Richard N (2016) Insolvency in French soccer: The case of payment failure. Journal of Sports Economics.
Abstract: This paper examines insolvency (payment failure) in the top three divisions of French soccer. Between 1970 and 2014 we observed 79 cases of insolvency arising from participation in the top two or three (since 1993) divisions. We find that demand (attendance) shocks can account for insolvency to a significant degree. We also find that insolvency can be explained by club status and ownership structure, with professional status and the Association structure being more likely to lead to insolvency. We also examine the post-insolvency performance of soccer clubs and find that the adverse consequences of insolvency are long lasting.
DOI Link: 10.1177/1527002516674510
Rights: Publisher policy allows this work to be made available in this repository. To be published in Journal of Sports Economics by SAGE. The original publication will be available at:
Notes: Output Status: Forthcoming/Available Online

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