Liabilities and contingencies of Brazilian football clubs

Authors

DOI:

https://doi.org/10.19094/contextus.2021.71172

Keywords:

contingencies, football, liabilities, provisions, obligations

Abstract

This study aims to identify the characteristics of liabilities and contingencies of 20 clubs participating in the First and Second Division of the Brazilian Championship of 2017 that presented all financial statements from 2010 to 2018. It was found that 79 of 160 balance sheets analyzed presented uncovered liabilities and denoting effective problems of economic and financial unviability akthough no clubs broke effectively. The findings demonstrate that clubs cannot support themselves and eventually need to raise third-party resources. The study differs from previous research because it identifies the characteristics of liabilities, and provisions as present and future obligations for Brazilian football clubs. Thus, this research contributes by providing an overview of the indebtedness of Brazilian football clubs.

Author Biographies

Monique Cristiane de Oliveira, Universidade Federal de Santa Catarina

Mestre em Contabilidade pela Universidade Federal de Santa Catarina (PPGC/UFSC).

José Alonso Borba, Universidade Federal de Santa Catarina

Doutor em Controladoria e Contabilidade pela Universidade de São Paulo (FEA/USP).

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Published

2021-11-01

How to Cite

Oliveira, M. C. de, & Borba, J. A. (2021). Liabilities and contingencies of Brazilian football clubs. Contextus - Contemporary Journal of Economics and Management, 19, 330–344. https://doi.org/10.19094/contextus.2021.71172

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Vol. 19: jan/dec 2021

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