Sports accounting: A comparative analysis between the revenues and expenses of two football teams

Abstract

The study conducted a comparative analysis of the four main revenues and expenses of Santos Futebol Clube and Sociedade Esportiva Palmeiras, according to the financial statements. Therefore, it is descriptive documentary research of the quantitative type. Data collection procedures took place through the clubs' 2019 and 2020  financial statements on their respective official websites.  The data were analyzed by Excel version 2016, and the presentation of the results was by descriptive and inferential statistics.  In general, the main revenues are transmission rights;  advertising and sponsorship; games, box office, and participation quotas; negotiation of players, and sale of rights. On the other hand, the main operating expenses are personnel and social charges; expenses with image rights; write-off/negotiation of athletes; amortization – rights with players.  When comparing revenues between teams, Palmeiras had higher revenue in all items, except in 2019 in terms of player negotiation and rights sales. Similarly, Palmeiras also had higher expenses in all items, while the total amount is close to double the total expenditure of Santos. Finally, it is worth noting that team revenues and expenses were influenced by the context of the Covid-19 pandemic in 2020, while revenues were lower and expenses higher for both teams.  From this perspective, the results of the study can help in understanding how Brazilian soccer teams acquire their revenues and expenses, as well as in the association between sports performance and financial statements.

DOI:https://doi.org/10.56238/devopinterscie-195