As sociedades anônimas de futebol são diferentes? Uma avaliação sobre o desempenho dos clubes

Abstract

This research aims to determine the relationship between sporting and financial performance between clubs that are or have declared an interest in becoming a Football Corporation. To achieve this, quantitative, descriptive research was developed, using data of 26 clubs, from 2015 to 2020. The sample was divided into two subgroups, being SAF and non-SAF, the first group is represented by clubs that already became SAF or those whose partners and/or advisors approved the continuation of the same. Initially, the groups of clubs present significant differences, with SAF clubs having greater debt and worse performance in the Copa do Brasil, and similarities regarding performance in the Brazilian Championship, levels of football spending and profitability. It was found that the clubs in series A, which are SAF, with the highest scores in the Brazilian Championship are inclined to increase ROA and reduce debt. On the other hand, such clubs increase debt levels when competing in Series B of the Brazilian Championship. The research demonstrates differences and similarities between SAF clubs and interested parties, in relation to others, contributes to the literature with such a comparison, and presents a general overview of the clubs that are hoping to attract new investors.