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Esta dissertação teve como objetivo analisar aquilo que foram os impactos causados pela pandemia e de que forma afetou os resultados financeiros dos principais clubes da Primeira Liga portuguesa durante essa altura. Nesse sentido foi construída uma base de dados a partir das variadas demonstrações financeiras durante este mesmo período, com foco nas variáveis do resultado líquido, EBITDA, estrutura do balanço e posição na liga. Em termos da metodologia usada foi aplicado o método Simple Additive Weighting (SAW) para analisar os resultados antes, durante e após a pandemia. Adicionalmente, estimou-se um modelo de dados em painel com efeitos fixos, validado pelo teste de Hausman. Os resultados acabaram por demonstrar uma queda em termos de bilheteira a partir da época de 2020/21, atenuada pela revisão dos contratos de direitos televisivos, aposta na formação, e nas transferências de ativos. A recuperação começou após o término da pandemia tendo sempre como âncora dos principais clubes a participação em competições europeias. O estudo reflete assim uma análise que pode servir como suporte a decisores em contextos similares.
This dissertation aims to analyse the impact of the COVID-19 pandemic on the financial performance of the main football clubs competing in the Portuguese Primeira Liga. A database was built using the financial statements reported by the clubs throughout this period, focusing on net income, EBITDA, balance-sheet structure and league position. Methodologically, a Simple Additive Weighting (SAW) multicriteria model was applied to evaluate performance before, during and after the pandemic. In addition, a panel data model with fixed effects was estimated and validated through the Hausman test, to examine the statistical determinants of financial performance over time. The results reveal a sharp decline in matchday revenue from 2020/21 onwards, partially mitigated by the renegotiation of broadcasting contracts, youth player development and player transfer activity. A gradual recovery was observed following the end of pandemic restrictions, strongly supported by participation in European competitions. The findings provide relevant insights to support decision-makers in managing football clubs’ financial sustainability under highly adverse and uncertain environments.
This dissertation aims to analyse the impact of the COVID-19 pandemic on the financial performance of the main football clubs competing in the Portuguese Primeira Liga. A database was built using the financial statements reported by the clubs throughout this period, focusing on net income, EBITDA, balance-sheet structure and league position. Methodologically, a Simple Additive Weighting (SAW) multicriteria model was applied to evaluate performance before, during and after the pandemic. In addition, a panel data model with fixed effects was estimated and validated through the Hausman test, to examine the statistical determinants of financial performance over time. The results reveal a sharp decline in matchday revenue from 2020/21 onwards, partially mitigated by the renegotiation of broadcasting contracts, youth player development and player transfer activity. A gradual recovery was observed following the end of pandemic restrictions, strongly supported by participation in European competitions. The findings provide relevant insights to support decision-makers in managing football clubs’ financial sustainability under highly adverse and uncertain environments.
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Finanças Primeira Liga Impacto da pandemia Recuperação económica Gestão desportiva Finance Pandemic impact Economic recovery Sports management