Os indicadores financeiros como determinantes para a proximidade da perda de controlo maioritário das SAD's : o caso das três principais sociedades desportivas portuguesas
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2022
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O objetivo geral deste estudo é apurar se existe uma relação económico-financeira, nos anos da
perda do controlo da maioria acionista, das três sociedades desportivas no futebol mundial, que
simultaneamente, não detenham o controlo maioritário das mesmas, e que geraram as maiores
receitas totais no futebol, no ano de 2020. E o objetivo específico, é saber se a mesma eventual
relação, verifica-se ou não, em alguma das três sociedades desportivas com maiores receitas
totais no futebol português no ano de 2020.
A investigação foi elaborada, seguindo o método de estudo de caso, pelo procedimento da
exploração de dados, numa perspetiva comparativa e longitudinal, utilizando a análise
financeira, a partir das vertentes de rentabilidade, risco e equilíbrio financeiro. Produzida,
através dos indicadores económico-financeiros de rendibilidade do ativo, rendibilidade dos
capitais próprios, dependência financeira, autonomia financeira, grau de endividamento, regra
do equilíbrio financeiro mínimo e solvabilidade.
Verificamos que todos os indicadores económico-financeiros analisados no estudo, nos anos da
perda de maioria de controlo, do Manchester United, Manchester City e o do Liverpool, foram
amplamente divergentes entre si, não havendo nenhum indicador económico-financeiro
analisado neste estudo convergente.
Os resultados do estudo mostraram assim, que não existiu relação económico-financeira, nos
anos da perda da maioria de controlo acionista por parte do Manchester United, Manchester
City e o Liverpool, inviabilizando assim, a comparação de relação dos mesmos indicadores
económico-financeiros com o Sport Lisboa e Benfica, Sporting Clube de Portugal e o Futebol
Clube do Porto, no ano de 2020.
The general objective of this study is to determine if there is an economic-financial relationship, in the years of loss of control of the majority shareholder, of the three sports companies in football world, which simultaneously do not hold the majority control of them, and which generated the highest income in football in 2020. The specific objective is to know whether the same possible relationship exists or not, in any of the three sports societies with the highest total revenues in Portuguese football in 2020 year. The investigation was carried out, following the case study method, using the data exploration procedure, in a comparative and longitudinal perspective, using financial analysis, from the aspects of profitability, risk and financial balance, through the economic-financial indicators of return on assets, return on equity, financial dependence, financial autonomy, degree of indebtedness, minimum financial balance rule and solvency. We found that all the economic-financial indicators analyzed in the study, in the years of loss of majority control, for Manchester United, Manchester City and Liverpool, were widely divergent from each other, with no economic-financial indicator analyzed in this convergent study. The results of the study thus showed that there was no economic-financial relationship in the years of the loss of the majority of shareholder control by Manchester United, Manchester City and Liverpool, thus making it impossible to compare the relationship of the same economic financial indicators with Sport Lisbon and Benfica, Sporting Clube de Portugal and Futebol Clube do Porto, in 2020.
The general objective of this study is to determine if there is an economic-financial relationship, in the years of loss of control of the majority shareholder, of the three sports companies in football world, which simultaneously do not hold the majority control of them, and which generated the highest income in football in 2020. The specific objective is to know whether the same possible relationship exists or not, in any of the three sports societies with the highest total revenues in Portuguese football in 2020 year. The investigation was carried out, following the case study method, using the data exploration procedure, in a comparative and longitudinal perspective, using financial analysis, from the aspects of profitability, risk and financial balance, through the economic-financial indicators of return on assets, return on equity, financial dependence, financial autonomy, degree of indebtedness, minimum financial balance rule and solvency. We found that all the economic-financial indicators analyzed in the study, in the years of loss of majority control, for Manchester United, Manchester City and Liverpool, were widely divergent from each other, with no economic-financial indicator analyzed in this convergent study. The results of the study thus showed that there was no economic-financial relationship in the years of the loss of the majority of shareholder control by Manchester United, Manchester City and Liverpool, thus making it impossible to compare the relationship of the same economic financial indicators with Sport Lisbon and Benfica, Sporting Clube de Portugal and Futebol Clube do Porto, in 2020.
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Orientação: António Costa
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MESTRADO EM ECONOMIA, ECONOMIA, SOCIEDADES COMERCIAIS, DESPORTO, INDICADORES EMPRESARIAIS, NEGÓCIOS, FUTEBOL, ECONOMY, COMMERCIAL COMPANIES, SPORT, BUSINESS INDICATORS, BUSINESS, FOOTBALL