DOCSLIB.ORG

Deloitte Football Money League 2009

Total Page：16

File Type：pdf, Size：1020Kb

Download full-text PDF Read full-text
Deloitte Football Money League 2009 Lost in translation Football Money League Sports Business Group February 2009 The unique nature of the football industry will enable major clubs to be relatively resistant to the economic downturn Contents 2 Welcome 5 How we did it 6 Ups and downs 7 The Deloitte Football Money League 28 Tackling the crunch Edited by Dan Jones Authors Austin Houlihan, Rich Parkes, Martyn Hawkins, Simon Hearne, Amelia Ashton-Jones and Caspar Schmick Sports Business Group at Deloitte PO Box 500, 2 Hardman Street, Manchester, UK M60 2AT Telephone: +44 (0)161 455 8787 Fax: +44 (0)161 455 6013 E-mail: [email protected] www.deloitte.co.uk/sportsbusinessgroup February 2009 Football Money League 2009 Sports Business Group 1 Welcome Welcome to the twelfth edition of the Deloitte Football Chart 1: Total revenues 2007/08 (€m) Money League, in which we profile the largest clubs in the world’s most popular sport. Being released less than 400 nine months after the end of the 2007/08 season, and 8 as soon as all the clubs’ revenue figures are available to . 350 5 6 us, the Money League is the most contemporary and 3 8 . reliable analysis of clubs’ relative financial performance. 4 2 300 8 . 3 8 3 . 0 5 3 There are a number of methods that can be used to 9 2 9 . 4 . 250 8 e l determine the size of a club including measures of 4 r 6 l i 6 u 2 e 2 p s s r fanbase, attendance, broadcast audience, or on-pitch t a o d e M H t 9 i V success. However, for this publication we compare clubs 5 . e 200 . n S m 0 d 9 a y r U 1 t 0 h e e i t using revenue from day to day football business 2 e r 2 n u l g C a t r e e q r s t i c u g 4 t 9 . t e a p . h operations which we believe is the best publicly available b t t o 5 c 5 2 a s . T u m m 7 t e 7 b w 7 150 7 y . a r l 1 S e h 1 6 4 e financial comparison – with our methodology outlined 5 H . c O 0 1 N B . n 5 8 n f e 5 1 a 4 V F 8 9 4 6 . in more detail in ‘How we did it’. 1 . M 1 6 7 5 s 2 2 5 3 2 i . d 0 100 1 1 a 1 . 1 1 e n t 4 1 1 i n 0 1 1 n h o In all our previous editions of the Money League we 1 e c U l y i a L a r n n d n e i e u 4 o t have reported on the remarkable revenue growth of our r l o l u s i 0 a 50 d n e M s o z e q a l a i c a e u m l a o h r n i a e t p k r top 20 clubs, and this year’s edition is no different. The c n l p o M a s n n l r r e l a M n R m B e e e e e y a a s y h v t l v S r h C a e i C c u combined revenue of our top 20 clubs was €3.9 billion n M L R C F J A I A A B O S in 2007/08, more than three times the level in our first 0 edition covering 1996/97, and a €220m (6%) increase Source: Deloitte analysis. on the previous year. As predicted last year, a minimum revenue level of €100m is now required to gain a place We expect next year’s edition, covering the season amongst our top 20 clubs. Congratulations to Real currently in progress (2008/09) to show some early signs Madrid who top the Money League for a fourth of how the wider economic environment is affecting the successive year with a revenue total of €366m. game’s top clubs at a revenue level particularly across the matchday, driven by attendances and ticket pricing, However, we publish this year’s edition amidst a global and commercial revenue streams. However, we believe it economic downturn affecting the majority of industry will not be until the following season, 2009/10 and sectors. Football is not immune to the difficulties caused seasons after that, that we will we get a fuller picture of by this changing environment. Nonetheless, we believe the impact of the changing economic environment as that the unique nature of the football industry, clubs’ revenue performance will reflect the impact on underpinned by loyal club fanbases and long term season ticket and corporate hospitality renewals, and broadcast and sponsor contracts secured in advance may several clubs will have been in the market to renew or enable major clubs to be relatively resistant to the negotiate new sponsorship contracts. economic downturn. There are other businesses that will feel the pain sooner and to a greater degree. This does not So far there are some encouraging early signs. Whilst there mean football clubs can be complacent, far from it. But are differences between clubs, average attendances in the they do have more time to plan and adjust than some. ‘big five’ leagues – in England, Germany, Spain, Italy and France – are generally holding up in the first half of the This edition covers the 2007/08 season, the most recent 2008/09 season when compared with previous seasons. period for which club revenue figures are available, and It will be interesting to note how the more flexible pricing this period was clearly before the worst of the economic structures adopted by certain clubs impact on matchday slowdown and so has had only a limited impact on the yields. Furthermore, even in the last six months or so as revenues of the top 20 clubs. All bar two of our top 20 recession has set in in the wider economy, several Money clubs have shown revenue growth in this period when League clubs have either renewed existing commercial revenues are calculated in local currency. contracts or secured new partnerships, which reflects the 2 continuing attractiveness of the game’s elite clubs, many Overall, in the past four years, we have seen a clearly with global fanbases, to commercial partners. defined top 10 develop in the Money League with the main debate being about the order, not the The most obvious effect of changing economic composition, of that list. circumstances on this year’s Money League is the depreciation of Pound Sterling against the Euro and the At the lower end of the top 20 there are three new impact this has had on the relative ranking of English entrants ‘promoted’ into the Money League compared clubs. Last year we predicted that English clubs could to last year, two of which (Fenerbahce and VfB account for around half the Money League clubs in Stuttgart) reach the top 20 for the first time with 2007/08, the first year of new improved Premier League revenues driven by their successful participation in the broadcast deals. In fact there are seven clubs in this UEFA Champions League, reinforcing the importance of year’s list, one more than last year and one fewer than competing in Europe’s top clubs competition in the the record of eight in the previous year. Money League rankings. Congratulations to Fenerbahce who become the first Turkish club to feature in the The impact is most obvious at the top and the bottom Money League and are the only club from outside the of the Money League. Manchester United’s record ‘big five’ European leagues in this year’s list – an breaking year in winning the Premier League and UEFA impressive achievement. Finally, the first year of new Champions League helped increase revenues to £257m, Premier League broadcast agreements has facilitated an uplift of £45m compared to the previous year. Manchester City's return to the top 20, with the club’s new Abu Dhabi based owners having grand plans to The most obvious effect of changing transform the club’s fortunes on and off the pitch. So how are clubs equipped to meet the challenges economic circumstances on this year’s presented by this changing economic environment? Money League is the depreciation of In addition to profiling the top 20 clubs in 2007/08, we provide commentary on the possible future outturn in Pound Sterling against the Euro and this edition. At a revenue level, broadcast revenue has been a key driver of clubs’ growth since we began our the impact this has had on the relative analysis. For several leagues, new or previously ranking of English clubs negotiated broadcast contracts are set to provide a stable revenue stream for clubs for a significant number of years. Converting the club’s revenue figure into Euros at the exchange rate used for this edition (as at 30 June 2008) The French league has a four year broadcast contract in translated to a total of €325m and second place in this place running to 2011/12, with a slight uplift in value, year’s Money League rankings, over €40m below the whilst the German Bundesliga has recently concluded revenues of Real Madrid, and €16m above third placed broadcast deals for the four year period from 2009/10, club FC Barcelona.
Load more

Recommended publications
  • Inside the Match Matchweek 32
    Inside the Match Matchweek 32 #LaLigaSantanderExperience It’s a spectacle it’s an experience it’s emotion… It’s not football, it’s LaLiga LaLiga in numbers LaLiga is a sports association made up of the clubs and public • 20 teams in the First Division limited sports companies that compete in the professional ranks (LaLiga Santander). of Spanish football. LaLiga, based in Madrid, is responsible for the LaLiga Santander and LaLiga 1l2l3 leagues and their television • It is broadcast in 182 countries production. around the world. There are 90 international LaLiga broadcasters. Since 2010, the International Federation of Football History and Statistics has considered the top tier of the Spanish game to • More than 40 million followers on be the best league in the world, in view of the record-breaking social media and a LaLiga YouTube honours held by the competition’s affiliated clubs and players. channel with over 1.5 million subscribers. The institution seeks to be a leader in terms of quality and technological innovation right across the board, offering its • The last 4 Champions League clubs optimum service levels and providing supporters with the winners hail from LaLiga. best possible product. LaLiga’s desire is for the football-viewing experience to be a unique one which enables fans to enjoy • LaLiga is the best-represented coverage to the max. league in European competitions, with 7 Spanish clubs involved in The association also has an active foundation and is the world’s this season’s Champions League and only professional football league with a league for intellectually Europa League combined.
    [Show full text]
  • Messi's Achievements for the 2011-2012 Season
    Messi's Achievements for the 2011-2012 Season Individual Records Club (FC Barcelona) 1 The first player to score and assist in every trophy competition (6 in total) in one season. 2 The 2nd club player (after Pedro) to score in 6 official competitions in one season. 3 Leading Barça scorer in Spanish Supacopa with 8 goals. 4 Scored 35 La Liga home goals to set new club and Liga records. 5 With 14 La Liga hat-tricks, sets a new record surpassing César's 13. 6 2nd Barcelona player to win Pichichi twice (shares record with Quini). 7 Converted 10 penalties in La Liga to equal record set by Ronald Koeman (1989-1990). 8 Scored in 10 consecutive Liga games (in which he played) to equal Martin (1942/43) and Ronaldo (1996/97). 9 Equalled record set by Eto'o (2007-08) to score in 7 consecutive La Liga Away games. 10 At age 24, becomes La Liga's youngest player to score 150 goals to set club and Liga records. 11 With 214 games, beats Cocu's record (205 games) to become foreign player with most La Liga games for the club. 12 First player to score 8 hat-tricks in a single La Liga season. 13 15th October 2011: Surpasses Kubala’s 2nd place club record of 194 goals. (With a brace vs. Racing Santander at Camp Nou.) 14 29th October 2011: Scores the club's fastest La Liga hat-trick in 17 minutes (vs. Mallorca at Camp Nou.) 15 19th February 2012: Becomes the club's youngest player to play 200 La Liga games.
    [Show full text]
  • Temporada 2000 / 2001
    TEMPORADA 2000/2001 PRESENTACIÓN Es imprescindible que empiece la presentación de esta memoria correspondiente a la tempora- da 2000 / 2001 con un emocionado recuerdo a D. Antonio Baró Armengol, a cuyo cargo estuvo el mando del fútbol profesional español en estos últimos catorce años, en los cuales hemos vivido un extraordinario desarrollo de nuestra actividad y hemos asistido al éxito de nuestros clubes y S.A.D. en el concierto internacional. Su talante comprensivo y negociador han marcado una lí- nea a la que no podemos ni queremos renunciar, siempre con el reto de mejorar las condiciones en las que se desenvuelve nuestra función. La sucesión de Antonio Baró significa- ba, también, un momento decisivo para la Liga Nacional de Fútbol Pro- fesional que no había vivido ningunas elecciones a lo largo de su historia. Se trataba de mantener la unidad entre todos los clubes y dar un paso al fren- te hacia los nuevos tiempos, con una organización avanzada, eficaz y preparada para dejar oír su voz en los nuevos escenarios que se plantean en el nuevo siglo. Por ello, la mayoría de nuestros clubes y S.A.D. apostaron por una presidencia profesional y a plena dedicación que supone todo un reto personal y una gran ilusión para mí y para mi equipo. Con ese orgullo y esa ilusión nos hemos puesto a trabajar inmediatamente porque el tiempo apre- mia y la LFP quiere seguir siendo el referente del fútbol profesional europeo, una cotización que 4 nos hemos ganado a pulso en estos últimos años, tión, de manera que ninguna amenaza enturbie tanto en el terreno de juego como en los campos el trabajo bien hecho.
    [Show full text]
  • Real Madrid – Barcelona: Business Strategy V
    Occasional Paper OP no 06/12-E June, 2006 REAL MADRID – BARCELONA: BUSINESS STRATEGY V. SPORTS STRATEGY, 2000-2006 Kimio Kase Sandalio Gómez Ignacio Urrutia Magdalena Opazo Carlos Martí IESE Occasional Papers seek to present topics of general interest to a wide audience. IESE Business School – University of Navarra Avda. Pearson, 21 – 08034 Barcelona, Spain. Tel.: (+34) 93 253 42 00 Fax: (+34) 93 253 43 43 Camino del Cerro del Águila, 3 (Ctra. de Castilla, km 5,180) – 28023 Madrid, Spain. Tel.: (+34) 91 357 08 09 Fax: (+34) 91 357 29 13 IESE Business School-University of Navarra - 1 Copyright © 2006 IESE Business School. REAL MADRID – BARCELONA: BUSINESS STRATEGY V. SPORTS STRATEGY, 2000-2006 Kimio Kase* Sandalio Gómez** Ignacio Urrutia*** Magdalena Opazo**** Carlos Martí**** Abstract Over the period 2000-2006, Real Madrid Football Club and Barcelona Football Club pursued different strategies and achieved different results. In the latter half of the period (in contrast to the first half), Real Madrid won no trophies but was crowned the richest club in the world1. Meanwhile, after a disconcerting start, Barcelona won a UEFA Champions League and two La Liga titles, though it struggled financially. By analyzing the two clubs’ strategies and their financial and sporting performance over the chosen period we explore the different ways in which sports organizations can succeed, and how their success can be measured. The purpose of this study is to answer the following questions: What strategies did Real Madrid and Barcelona adopt to bring about this reversal of fortunes in a few short years? What variables explain the difference in outcomes? Are there any differences in their business and sports strategies? We use a matrix to analyze and relate the clubs’ financial and business strategy to their sports strategy.
    [Show full text]
  • Download This PDF File
    E STUDIOS DE E CONOMÍA A PLICADA V OL. 30 - 2 2012 P ÁGS. 565 – 578 Analysis of the Efficiency of Spanish Soccer League Players (2009/10) Using the Metafrontier Approach RAFAEL CABALLERO FERNÁNDEZ Departamento Economía Aplicada (Matemáticas), UNIVERSIDAD DE MÁLAGA, ESPAÑA. E-mail: [email protected] TRINIDAD GÓMEZ NÚÑEZ Departamento Economía Aplicada (Matemáticas), UNIVERSIDAD DE MÁLAGA, ESPAÑA. E-mail: [email protected] RAMÓN SALA GARRIDO Departamento Economía Aplicada (Matemáticas), UNIVERSIDAD DE VALENCIA, ESPAÑA. E-mail: [email protected] ABSTRACT This paper analyses the efficiency of players in the Spanish Soccer League for the 2009/2010 season using a metafrontier version of data envelopment analysis (DEA) methodology. It is possible to apply a metafrontier approach if separate frontiers can be identified for different groups in the data set. In our case, we divide the sample of players into three groups, according to the playing position within a team, because different positions define different behaviours (technologies). These behaviours are compared against each other and globally. Keywords: DEA, Metafrontier, Efficiency, Soccer Players. Análisis de la eficiencia de los jugadores de fútbol de la Liga Española (2009/10) mediante el enfoque Metafrontier RESUMEN En este trabajo se analiza la eficiencia de los jugadores en la Liga Española de Fútbol para la temporada 2009/2010 con la metodología del Análisis Envolvente de Datos (DEA) pero en la una versión metafrontera. Es posible aplicar el enfoque de la metafrontera si para diferentes grupos del conjunto de datos es posible construir fronteras particulares para cada uno de ellos. En nuestro caso, dividimos la muestra de jugadores en tres grupos, de acuerdo con la posición de juego dentro de un equipo, debido a las diferentes posiciones definir comportamientos diferentes tecnologías).
    [Show full text]
  • Case No COMP/M.3911 - BENQ / SIEMENS MOBILE
    EN Case No COMP/M.3911 - BENQ / SIEMENS MOBILE Only the English text is available and authentic. REGULATION (EC) No 139/2004 MERGER PROCEDURE Article 6(1)(b) NON-OPPOSITION Date: 07/09/2005 In electronic form on the EUR-Lex website under document number 32005M3911 Office for Official Publications of the European Communities L-2985 Luxembourg COMMISSION OF THE EUROPEAN COMMUNITIES Brussels, 07-IX-2005 SG-Greffe(2005) D/204914 PUBLIC VERSION MERGER PROCEDURE ARTICLE 6(1)(b) DECISION To the notifying party Dear Sir/Madam, Subject: Case No COMP/M.3911 –BenQ / Siemens Mobile Notification of 04/08/05 pursuant to Article 4 of Council Regulation No 139/20041 1. On the 4 August 2005, the Commission received a notification of a proposed concentration pursuant to Article 4 of Council Regulation (EC) No 139/2004 by which the undertaking BenQ Corporation (“BenQ”, Taiwan, Republic of China) acquires, within the meaning of 3(1)(b) of the Council Regulation, control of the mobile device business of Siemens AG (“Siemens device business”, Germany) by way of purchase of assets, and in respect of Germany and the UK, also by purchase of shares. I. THE PARTIES 2. BenQ is active in the communication and multimedia device business. Within this business it is active in the areas of digital displays, scanners and keyboards, mobile telephones (including communication devices like GSM mobile phones), digital projectors, storage devices, wireless technologies and electronic components. In the area of mobile telephones, BenQ sells its products mainly to other producers of telephones but also to a small extend under its own brand label to retailers and network operators.
    [Show full text]
  • Julien's Auctions Presents Property from the Estate
    JULIEN’S AUCTIONS - PROPERTY FROM THE ESTATE OF ALFREDO DI STÉFANO PRESS RELEASE For Immediate Release: JULIEN’S AUCTIONS PRESENTS PROPERTY FROM THE ESTATE OF ALFREDO DI STÉFANO REAL MADRID’S LEGENDARY “PLAYER OF THE CENTURY” FOOTBALLER’S FIVE CONSECUTIVE UEFA EUROPEAN CHAMPIONS CUP WINNERS MEDALS FROM 1956-1960 TO STAND ATOP THE AUCTION PODIUM Di Stéfano’s Ballon d’Or Awards Including his 1989 Super Ballon d’Or, Iconic 1950s Real Madrid White Number 9 Jersey, Spanish National Team Red and Blue 1960s Number 9 Jerseys, Spanish League (La Liga) Champions Trophies, Plaques, Coins, Personal Items and More to Dazzle the Two-Day Auction Event in London THURSDAY, SEPTEMBER 23RD AND FRIDAY, SEPTEMBER 24TH, 2021 Los Angeles, California – (July 28th, 2021) – Julien’s Auctions announced today PROPERTY FROM THE ESTATE OF ALFREDO DI STÉFANO, the world record-breaking auction house to the stars’ tribute to the legendary Real Madrid football champion, taking place Thursday, September 23rd and Friday, September 24th, 2021, live at Mall Galleries in London and online at www.juliensauctions.com. PAGE 1 Julien’s Auctions | 8630 Hayden Place, Culver City, California 90232 | Phone: 310-836-1818 | Fax: 310-836-1818 © 2003-2021 Julien’s Auctions JULIEN’S AUCTIONS - PROPERTY FROM THE ESTATE OF ALFREDO DI STÉFANO PRESS RELEASE There are 796 historic sports artifacts from the life and career of Alfredo Di Stéfano, one of the greatest footballers of all time and the number four ranking “Player of the Century” on France Football’s storied list that includes immortals of the game, Pelé and Diego Maradona, will be presented in the two-day auction event.
    [Show full text]
  • 2005 Annual Report(PDF/2823KB)
    Information updated to 2006.04.20 48 2005 Annual Report Key figures Unit: NT$ million Year 2001 2002 2003 2004 2005 Sales Revenue 58,820 93,229 108,699 147,770 124,407 Net Income 3,031 7,400 7,500 7,619 (5,226) Net Margin (%) 5 8 7 5 (4) Retroactively Adjusted Earnings Per Share (NT$/share) 1.32 3.08 3.03 3.10 (2.12) Net Asset Value 28,141 41,278 45,462 49,078 44,431 Note: All financials are non-consolidated figures (Taiwan parent company level) 48 2005 Annual Report Message To Our Shareholders Our Shareholders To Message Dear Esteemed BenQ Shareholders, BenQ announced in June 2005 it will acquire Siemens AG’s mobile handset business (Siemens MD) in an acquisition that successfully propelled BenQ onto the global stage as a renowned brand. Following the closing of the acquisition, we began our first step in Q4 of 2005 when the Company incurred a net loss of 5.2 billion NT$ in 2005, translating to a loss of 2.12 NT$ per share on revenue of NT$ 162.3 billion on consolidated basis. Since fourth quarter 2005, we have worked seamlessly with our Germany-based co-workers and re-enforced managerial resources in areas where BenQ has a strong comparative advantage. In a truly complementary merger of mobile handset assets without breaking our stride, we introduced twelve breathtaking new handsets in Q1 of 2006. Since October, the Company has undertaken restructuring initiatives to cut costs, to accelerate time-to-market for new products, and to restore customer confidence.
    [Show full text]
  • Uefa Europa League
    UEFA EUROPA LEAGUE - 2016/17 SEASON MATCH PRESS KITS Stadio San Siro - Milan Thursday 15 September 2016 21.05CET (21.05 local time) FC Internazionale Milano Group K - Matchday 1 Hapoel Beer-Sheva FC Last updated 14/09/2016 05:33CET Previous meetings 2 Match background 3 Team facts 4 Squad list 6 Fixtures and results 8 Match-by-match lineups 11 Match officials 13 Legend 14 1 FC Internazionale Milano - Hapoel Beer-Sheva FC Thursday 15 September 2016 - 21.05CET (21.05 local time) Match press kit Stadio San Siro, Milan Previous meetings Head to Head No UEFA competition matches have been played between these two teams FC Internazionale Milano - Record versus clubs from opponents' country FC Internazionale Milano have not played against a club from their opponents' country Hapoel Beer-Sheva FC - Record versus clubs from opponents' country Hapoel Beer-Sheva FC have not played against a club from their opponents' country 2 FC Internazionale Milano - Hapoel Beer-Sheva FC Thursday 15 September 2016 - 21.05CET (21.05 local time) Match press kit Stadio San Siro, Milan Match background Internazionale have been thrown a curveball in their opening UEFA Europa League Group K game as Hapoel Beer- Sheva come to San Siro. Previous meetings • The sides are meeting for the first time; neither has played a competitive fixture against a team from their opponents' home country. • In 12 UEFA competition fixtures between Italian and Israeli clubs, the Serie A representatives have recorded six wins, three draws and three defeats. Italian sides are unbeaten in their last seven encounters with Israeli counterparts (W5 D2).
    [Show full text]
  • Coach Educators in the Algarve Italy Crowned European
    3.03 including Coach educators inin thethe AlgarveAlgarve 03 ItalyItaly crownedcrowned European Futsal champions 05 Online accreditation 11 Unite against racism 12 no. 12 – no. march 2003 12 COVER IN THIS ISSUE Anti-racism conference FC Barcelona’s string of wins Coach educators’ course in the Algarve 03 in London 12 in the UEFA Champions League has EURO 2004 match calendar 14 Italy sail through in Futsal 05 taken them through to the quarter- News from finals. (Javier Saviola, left, and Assault or unsporting behaviour? 09 Gamarra in the FC Barcelona vs member associations 16 Internazionale match.) Online accreditation 11 Announcements 23 PHOTO: ALBERTO LINGRIA a tasteeditorial of EURO The first European title of the year has just been bestowed on Italy, who won the 3rd European Futsal Championship in a tournament that they also hosted. Next it will be the turn of the youth players in both the men’s (Under-17 and Under-19) and women’s categories (Under-19) to compete for European honours from May to July, when the final rounds of their European champion- ships will be taking place. At senior level, however, the players only have European club competition medals to contend for this year. The national teams are not dormant though. At the end of March, the UEFA EURO 2004 qualifiers move into their criti- cal phase and, come autumn, the 15 teams who will join hosts Portugal in the final round next year will be known. There could be a lot of drama to come. I am happy to report that with UEFA EURO 2004 only 15 months away, preparations are well advanced, and EURO 2004, SA, the joint operation set up by UEFA and the Portuguese Football Federation, is running at full speed.
    [Show full text]
  • Mobile Phone Manufacturing in China
    JOURNAL OF CONTEMPORARY ASIA, 2016 VOL. 46, NO. 2, 222–246 http://dx.doi.org/10.1080/00472336.2015.1102314 Globalization and Divergent Paths of Industrial Development: Mobile Phone Manufacturing in China, Japan, South Korea and Taiwan Joonkoo Lee a, Jong-Cheol Kimb and Jinho Limc aSchool of Business, Hanyang University, Seoul, South Korea; bAsia Center, Seoul National University, Seoul, South Korea; cDepartment of Political Science and International Relations, Korea University, Seoul, South Korea ABSTRACT KEYWORDS Globalisation has challenged the way industrial development takes Globalisation; industrial place. Fragmented and decentralised global production and the development; global value rapid growth of consumer markets in emerging economies chains; development path; demand a more sophisticated framework to analyse development East Asia; mobile phone manufacturing paths than does the dichotomy of export orientation and import substitution. This article proposes a typology based on (a) specia- lisation in the global value chain and (b) market orientation to distinguish different development trajectories and then applies the typology to mobile phone manufacturing in four East Asian countries. This study finds that globalisation does not lead to the convergence of development paths, but promotes cross-national divergence depending on countries’ positions in the value chain and market niches. Both Korea and Taiwan emerge as key players in global markets, yet in different parts of the global value chain. Their common orientation toward global markets strikingly con- trasts the inability of Japanese firms to translate their domestic success overseas. Finally, Chinese firms concurrently engage in different development paths, making the country’s multi-path approach unique. The implications of these findings are discussed in terms of industrial development in East Asia in an era of globalisation.
    [Show full text]
  • Uefa Europa League
    UEFA EUROPA LEAGUE - 2019/20 SEASON MATCH PRESS KITS (First leg: 1-2) Malmö New Stadium - Malmo Thursday 27 February 2020 Malmö FF 18.55CET (18.55 local time) VfL Wolfsburg Round of 32, Second leg Last updated 06/08/2020 18:20CET Previous meetings 2 Match background 4 Team facts 6 Squad list 8 Fixtures and results 11 Match-by-match lineups 15 Match officials 18 Legend 20 1 Malmö FF - VfL Wolfsburg Thursday 27 February 2020 - 18.55CET (18.55 local time) Match press kit Malmö New Stadium, Malmo Previous meetings Head to Head UEFA Europa League Date Stage Match Result Venue Goalscorers Brekalo 49, Kiese 20/02/2020 R32 VfL Wolfsburg - Malmö FF 2-1 Wolfsburg Thelin 62 (og); Kiese Thelin 47 (P) Home Away Final Total Pld W D L Pld W D L Pld W D L Pld W D L GF GA Malmö FF 0 0 0 0 1 0 0 1 0 0 0 0 1 0 0 1 1 2 VfL Wolfsburg 1 1 0 0 0 0 0 0 0 0 0 0 1 1 0 0 2 1 Malmö FF - Record versus clubs from opponents' country European Champions Clubs' Cup Date Stage Match Result Venue Goalscorers 1-1 Malmö FF - 1. FC Dynamo Persson 70 (P); 07/11/1990 R2 agg: 2-2 (aet, 4- Malmo Dresden Gütschow 18 (P) 5 pens) 1. FC Dynamo Dresden - Malmö Gütschow 44; 24/10/1990 R2 1-1 Dresden FF Engqvist 18 UEFA Cup Winners' Cup Date Stage Match Result Venue Goalscorers Häfner 13 (P), Minge 1.
    [Show full text]