Viability of Spanish football

Treball Final de Grau en Finances i Comptabilitat. Codi: FC1049. Curs: 2017/2018Football, the king of sports in Spain, has been professionally practiced in this country for almost a century, but a few years back it has gone from being a simple sport to a complex business. Therefore, with this end of degree dissertation we will intend to analyze the Spanish first division teams’ economic viability, and if the increase in salaries and investments made in recent years can be maintained, since it shows an inflationary trend. To this end, we will resort to the annual accounts of four of the teams that make up the Spanish first and to a report from the Sports Council (Consejo Superior de Deportes, “CSD”), where the revenues and expenses of the 20 teams in La Liga in recent years are listed. For this analysis, the Net Cash Flows of the four teams will be prepared and the variability of salaries and investments will be observed. Finally, the results obtained will be compared