University of Hertfordshire

By the same authors

Board Characteristics in Football clubs: Evidence from the Greek Superleague 2005-2014

Research output: Chapter in Book/Report/Conference proceedingConference contribution

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Original languageEnglish
Title of host publicationBoard Characteristics in Football clubs: Evidence from the Greek Superleague 2005-2014
Place of PublicationReading, UK
PublisherAcademic Conferences and Publishing International Limited
ISBN (Electronic)978-1-911218-64-7
Publication statusPublished - 11 Dec 2017

Abstract

Football corporations in continental Europe are the biggest athletic
companies. Millions are spent for transfers and the creation of a stronger image.
However, in many cases scandals such as the FIFA’s corruption case and the Greek
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football scandal in 2015 and Italian football scandal in 2006 have blemished this
glamourous industry. Particularly, in Greece the poor financial state of many
football teams lead to the pilling off debts to the state, which have never been
paid back. This study examines the board of directors of 31 professional football
clubs between 2006, the introductory year of the Greek Superleague, and 2014
with monthly observations, providing a better understanding of the people that
run these corporations. The study, unique in its field, among others focuses on
the following elements: the board configuration, the board size, the CEO duality,
the tenure of the board and the directors and the gender diversity. Starting by
analysing the relevant literature and with the use of secondary data from the
football clubs, the present study provides us with interesting outcomes. One of
the most interesting findings is that the average tenure of the board is 23.8
months, whilst the average board size fluctuates between 7.6 and 10.2 directors
without a specific trend.

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