Journal Screenshot

International Journal of Academic Research in Economics and Management Sciences

Open Access Journal

ISSN: 2226-3624

What about the financial sustainability of Turkish Cypriot football?

Okan Veli Safakl?, Huda Hudaverdi, Mustafa Ertan?n

http://dx.doi.org/10.6007/IJAREMS/v3-i2/675

Open access

Similar to other activities, an indispensable element of success in football is financial sustainability. Naturally, financial sustainability of football clubs is directly dependent on their fans and hence the fans support. Secondary data of the study reveals that fans potential and their support in Northern Cyprus closely related to its population proved not to be sufficient for the financial sustainability of football clubs. Furthermore, primary data shows that a small percentage of the population is member of football clubs. Unfortunately, respondents of research do not have positive attitude towards supporting football clubs in almost all respect. Possibly, this attitude is the result of their assertion that football clubs are not yet institutionalized in order to create a financially sustainable status.

Aglietta, M., Wladimir Andreff2, Bastien Drut 2010, “Floating European football clubs in the stock market”, Economix, Document de Travail Working Paper 2010-24.
Ak?ar, T. 2009, K?br?s Futbolu, 7 Aral?k 2009, Available online:
http://sporizm90.blogspot.com/2009/12/kbrs-futbolu.html, Retreived on January 22, 2013.
BBC News 2009, Europe's football finances 2007/08 , 3 June 2009, Available online: http://news.bbc.co.uk/2/hi/business/8081000.stm, Retreived on September 26, 201
Cohen, J. 1998, Statistical Power Analysis for the behavioral sciences, Hillsdale, NJ: Erlbaum.
Deloitte 2010, The financial performance of world’s top football clubs – a “Deloitte Football Money League” special report, Available online:
http://www.smartkpis.com/blog/2010/06/30/the-financial-performance-of-worlds-top-football-clubs-a-deloitte-football-money-league-special-report/, Retreived on September 27, 2011
George, D. and Mallery, P. 2001, SPSS For Windows, Third Edition, Allyn & Bacon/Pearson Education Company, USA.
Leon, P. 2001, Four Pillars of Financial Sustainability, USAID – The Nature of Conservancy.
Saric, Radojica,Zaklina Stojanovic and Svetlana Roljevic 2011, “Strategic management of sustainable rural development”, Technics Technologies Education Management, 6(4):1217-1224.
SPO (2010), Economic and Social Indicators 2010, State Planning Organization Follow up and Coordination Department, Available online: http://www.devplan.org/Frame-eng.html, Retreived on January 22, 2013.
Stojanovi?, Ž., Mini?., E. 2009, Održivi ruralni razvoj i prekograni?na saradnja. Glasnik Srpskog geografskog društva, 89 (2): 43-64.
USAID 1994, Fundamentals of NGO Financial Sustainability, Prepared by: Abt Associates Inc., Under a subcontract to: Pathfinder International, Produced for: U.S. Agency for International Development
USAID 1994, Fundamentals of NGO Financial Sustainability, Prepared by: Abt Associates Inc., Under a subcontract to: Pathfinder International, Produced for: U.S. Agency for International Development
Wilson, Bill 2011, “Premier League wages keep on rising, Deloitte says”, Business reporter, BBC News, Available online: http://www.bbc.co.uk/news/business-13679632, Retreived on January 22, 2013.


(Safakl? et al., 2014)
Safakl?, O. V., Hudaverdi, H., & Ertan?n, M. (2014). What about the Financial Sustainability of Turkish Cypriot Football? International Journal of Academic Research in Economics and Management Sciences, 3(2), 7–20.