Análise das demonstrações contábeis dos Big Four Times de Futebol do Rio de Janeiro e São Paulo

Abstract

Football is known to be one of the most influential sports modalities in the world, in addition to its cultural importance. In Brazil, the sport is considered a national symbol, and its billionaires. transactions are also notable. This sport has also been explored as a source of financial resources. With the creation of the Pelé Law, in 1998, football clubs began to present their financial statements, as well as using them for decision-making purposes. In this context, the present work tries to understand the relationship between the performance of teams in the field and their economic and financial situation. The big four times of Rio de Janeiro and São Paulo were analyzed in the period from 2015 to 2017. Linear regressions, correlations and horizontal analyzes were delineated in order to prove the effect of the influence among the variables. Among the main results found, the financial indicators showed a low association with the performance of teams in the field. In 2015, Botafogo despite not having won a title this year, presented better ROI. In 2016, Flamengo presented better ROI and also did not win a title, Santos, who won the title this year, had the best index in terms of asset turnover and the second best ROI. In 2017, Corinthians won the title, but showed the smallest asset turnover and lower ROE compared to the other teams, unlike Botafogo who showed the biggest asset turn, ROI and cash liquidity and did not win any title.