TITLE:
Developing Economic Values in Football: Example of Turkish Football Federation
AUTHORS:
Serdar Terekli, Halil Orbay Çobanoğlu
KEYWORDS:
Football Clubs, Financial Analysis, Professional Football, Premier League Football, Football Federation
JOURNAL NAME:
Open Access Library Journal,
Vol.5 No.2,
February
27,
2018
ABSTRACT: Economics is a science that examines how people use scarce and limited sources of production to produce various commodities and distributes them to various members of society for consumption. Increasing economic value has introduced a new task for the football federation and has become an important financial resource of sports clubs. When it is considered as football industry, football organizations, football business, football media, football products, soccer technology, soccer marketing and soccer federation are seen in the production and consumption of goods and services in the football. Indirect management of economic benefit through sports is a direct link to clubs and federations. The economic entrepreneurship that stands out in the professional football gives the football a great popularity and enables the income to be obtained more easily. Today, the football market has reached a budget expressed in billion dollars. For this reason both sports clubs and federations have to plan their budgets according to the rules of the economy. The aim of this study is to provide important economic resources in the football club and the football economy having a major impact to analyze the financial performance of the Turkey Football Federation and to examine the contribution made to improve the financial condition of the football club.