Financial Management of Sports Clubs in the Czech Republic



Year of publication 2015
Type Article in Periodical
Magazine / Source Ekonomika a management
MU Faculty or unit

Faculty of Economics and Administration

Field Economy
Keywords Sports club; Financial management; Non-profit sector; Economy; Subsidies
Description The economic situation and general characteristics of sports clubs have not been much explored in the Czech Republic. At the same time, sport is an area into which we channel considerable attention and government funds. What is the economic situation of Czech sports clubs, and what do we know about them? The objective of the research was to map the environment in which Czech sports clubs operate and to identify their main economic characteristics based on a selected sample. The paper presents partial results from a 2011 survey conducted via questionnaire among sports clubs in the Czech Republic. The survey results are based on 430 responses from the total 1567 addressed sports clubs. We establish that the economic situation of clubs is quite bad; however, it cannot be unequivocally proved that insufficient support from municipalities or public sources is to blame. The size of a municipality proved to be a significant variable in subsidies-related issues and in the quality of relations between clubs and municipalities. An analysis of the effects caused by the reduction of subsidies in comparison to requested sums would be significant. What seems good from a short-term perspective (more applicants are satisfied) will probably lead to an artificial inflation of requested sums in the long term, because entities will factor any expected subsidy reduction into their application.
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