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A Case Study of Strategic Failure in Professional Team Sports
The Triumph of Vanity over Sanity? A Case Study of Strategic Failure in Professional Team Sports Bill Gerrard Leeds University Business School, UK Research in strategic management often tends to focus on competitive success - how organisations utilise their resources and/or market position to achieve sustainable competitive advantage. However cases in which organisations suffer strategic failures can be equally illuminating. This case study focuses on a leading English professional football club, Leeds United, and investigates how sporting success was transformed into sporting and financial crisis within a 21-month period as a consequence of a series of strategic financial decisions by the senior executive management. It is argued that Leeds United represents a classic example of the Icarus phenomenon of flying too high and getting burnt - an organisation that over-extended itself in pursuit of its overly-ambitious growth objectives and suffered a financial meltdown when it failed to maintain a high level of performance. The research objectives of the study are: (i) to explain the proximate financial causes of the sporting and financial crisis; (ii) to investigate the governance structure of the organisation to locate the fundamental causes of the current crisis; and (iii) to use the research findings to actively influence the organisational changes required to resolve the crisis. The study draws on three principal theoretical frameworks: the resource-based view (RBV) of the firm, stakeholder theory and corporate finance. The RBV (e.g. Barney and Arikan, 2002) explains sustainable competitive advantage as the consequence of the firm's deployment of its strategic endowment of rare and valuable resources that imperfectly imitable or substitutable. -
Theory of the Beautiful Game: the Unification of European Football
Scottish Journal of Political Economy, Vol. 54, No. 3, July 2007 r 2007 The Author Journal compilation r 2007 Scottish Economic Society. Published by Blackwell Publishing Ltd, 9600 Garsington Road, Oxford, OX4 2DQ, UK and 350 Main St, Malden, MA, 02148, USA THEORY OF THE BEAUTIFUL GAME: THE UNIFICATION OF EUROPEAN FOOTBALL John Vroomann Abstract European football is in a spiral of intra-league and inter-league polarization of talent and wealth. The invariance proposition is revisited with adaptations for win- maximizing sportsman owners facing an uncertain Champions League prize. Sportsman and champion effects have driven European football clubs to the edge of insolvency and polarized competition throughout Europe. Revenue revolutions and financial crises of the Big Five leagues are examined and estimates of competitive balance are compared. The European Super League completes the open-market solution after Bosman. A 30-team Super League is proposed based on the National Football League. In football everything is complicated by the presence of the opposite team. FSartre I Introduction The beauty of the world’s game of football lies in the dynamic balance of symbiotic competition. Since the English Premier League (EPL) broke away from the Football League in 1992, the EPL has effectively lost its competitive balance. The rebellion of the EPL coincided with a deeper media revolution as digital and pay-per-view technologies were delivered by satellite platform into the commercial television vacuum created by public television monopolies throughout Europe. EPL broadcast revenues have exploded 40-fold from h22 million in 1992 to h862 million in 2005 (33% CAGR). -
Football IS Coming Home! on Sunday (11 July 2021) England Will Be Playing Italy in the Final of the Euros Football Tournament at Wembley Stadium
Football IS coming home! On Sunday (11 July 2021) England will be playing Italy in the final of the Euros football tournament at Wembley Stadium. There is nowhere else in our country more appropriate for this historic match, but why is that? 1. Wembley Stadium and its new steps, April 2021. (Photo by Philip Grant) One hundred years ago, when the British Empire Exhibition was being planned, the then Prince of Wales, who was President of its organising committee, wanted it to include ‘a great national sports ground’. His wish was granted, and the giant reinforced concrete Empire Stadium, with its iconic twin towers, was built in just 300 days. It hosted the FA Cup final in April 1923, and a year later its first England international football match, against Scotland (a 1-1 draw). 2. The Empire Stadium at Wembley in 1924. (Image from the Wembley History Society Colln. at Brent Archives) The long-term future of the stadium was in doubt, until it was saved from demolition in 1927 by Arthur Elvin. He ensured that annual events, like the FA Cup and Rugby League Challenge Cup finals were popular days out for spectators, as well as making the stadium pay its way with regular greyhound and speedway racing meetings. Although cup finals made the stadium famous in this country, the 1948 Olympic Games put Wembley on the world map. The Olympic football final at Wembley saw Sweden beating Yugoslavia 3-1, with Denmark taking the bronze medal after a 5-3 victory over Great Britain. 3. An aerial view of Wembley Stadium during the 1937 FA Cup final. -
Referee Categories International (FIFA List) Cymru Premier League
Referee Categories International (FIFA List) Cymru Premier League & Below. Category 1A Cymru Premier League & Below. Category 1B Cymru Premier League & Below. Category 2 Cymru North & South and Below. 4th Official Cymru Premier League. Category 3 Tier 3 Leagues & Below. Permitted to act as Assistant Referees at Tier 2. Category 4A Category 4B Category 4C Category 4D Category 4E 3rd Season 2nd Season 1st Year Referees Qualified & Qualified & Referees (& Referees (& longer) over the age of Registered Registered longer). over the age of 16. 16. Referees under Referees – (Non- Referee at Area Referee at Area Referee at Area the ages of 14- Active). Association Level. Association Level. Association 16. Permitted to Permitted to Level. referee in Directly referee in Directly Affiliated reserve Affiliated reserve league matches. leagues. Permitted to act Permitted to act as as Assistant Assistant Referees Referees at Tier 2 at Tiers 2 & 3 and below. subject to attending an Assistant Referee course. Assistant Referee Categories International (FIFA List) Cymru Premier League & Below. Category 1AR Cymru Premier League & Below. Category 1ART Cymru Premier League & Below. Category 2AR Cymru North & South and Below. Category 3AR Tier 3 & Below. Category 4AR Specialist Assistant referee (in training). (Assistant Referees to serve a minimum of 1-year core refereeing experience prior to electing to join the Assistant Referee pathway). Female Referee & Assistant Referee Categories International (FIFA List) Referee & Assistant Referee Welsh Premier Women’s League and Below. F-1A Referee F-1AR Assistant Referee Welsh Premier Women’s League and Below. F-1B Referee Welsh Premier Women’s League Talent Referee. Welsh Premier Women’s League and Below F-2A Referee F-2B Referee 2nd Year Referee in Feeder Leagues to 1st Year Referee in Feeder Leagues to Welsh Premier Women’s League. -
2019-20 Impeccable Premier League Soccer Checklist Hobby
2019-20 Impeccable Premier League Soccer Checklist Hobby Autographs=Yellow; Green=Silver/Gold Bars; Relic=Orange; White=Base/Metal Inserts Player Set Card # Team Print Run Callum Wilson Gold Bar - Premier League Logo 13 AFC Bournemouth 3 Harry Wilson Silver Bar - Premier League Logo 8 AFC Bournemouth 25 Joshua King Silver Bar - Premier League Logo 7 AFC Bournemouth 25 Lewis Cook Auto - Jersey Number 2 AFC Bournemouth 16 Lewis Cook Auto - Rookie Metal Signatures 9 AFC Bournemouth 25 Lewis Cook Auto - Stats 14 AFC Bournemouth 4 Lewis Cook Auto Relic - Extravagance Patch + Parallels 5 AFC Bournemouth 140 Lewis Cook Relic - Dual Materials + Parallels 10 AFC Bournemouth 130 Lewis Cook Silver Bar - Premier League Logo 6 AFC Bournemouth 25 Lloyd Kelly Auto - Jersey Number 14 AFC Bournemouth 26 Lloyd Kelly Auto - Rookie + Parallels 1 AFC Bournemouth 140 Lloyd Kelly Auto - Rookie Metal Signatures 1 AFC Bournemouth 25 Ryan Fraser Silver Bar - Premier League Logo 5 AFC Bournemouth 25 Aaron Ramsdale Metal - Rookie Metal 1 AFC Bournemouth 50 Callum Wilson Base + Parallels 9 AFC Bournemouth 130 Callum Wilson Metal - Stainless Stars 2 AFC Bournemouth 50 Diego Rico Base + Parallels 5 AFC Bournemouth 130 Harry Wilson Base + Parallels 7 AFC Bournemouth 130 Jefferson Lerma Base + Parallels 1 AFC Bournemouth 130 Joshua King Base + Parallels 2 AFC Bournemouth 130 Nathan Ake Base + Parallels 3 AFC Bournemouth 130 Nathan Ake Metal - Stainless Stars 1 AFC Bournemouth 50 Philip Billing Base + Parallels 8 AFC Bournemouth 130 Ryan Fraser Base + Parallels 4 AFC -
Annual Report and Accounts 2019
Contents Forewords Chairman 4 Chief Executive Officer 6 Director of Football 8 Year Review 10-39 Accounts Directors and Advisers 42 Strategic Report 43 Directors’ Report 47 Independent Auditor’s Report 48 Consolidated Profit and Loss Account 50 Consolidated Balance Sheet 51 Company Balance Sheet 52 Consolidated and Company Statement of Changes in Equity 53 Consolidated Cash Flow Statement 54 Notes to the Accounts 55 Note The Foreword section (Pages 4-9) and the Year Review section (Pages 10-39) do not form part of the statutory financial statements. ANNUAL REPORT & ACCOUNTS 2019 3 Well done to Unsie and his staff and Morgan and his It is a scheme that, coupled with our plans for We had established our targets and were delighted players - we’re incredibly proud of you all. a community-led legacy at Goodison, could be to secure as permanent signings Jonas Lossl, Fabian transformational for North Liverpool while giving our Delph, Moise Kean, JP Gbamin and Alex Iwobi. Just as the Under-23s have been a great source fans the world-class stadium they truly deserve. of pride and optimism over the last year, the And, of course, there was Andre. We were so progression of Paul Tait’s Under-18s and Willie Kirk’s Of course, the biggest thanks of all must pleased to sign him permanently. From day one Everton Women has been terrific. The Under-18s as an Everton player during his time on loan last finished third in their league and won by 10 goals go to my great friend, Farhad. season, Andre immersed himself in the Club and twice last season while Everton Women have already Not only has he backed his managers in the transfer was immediately loved and respected by his fellow chalked up some impressive results in the WSL this market, he’s also put his financial and emotional players and our fans. -
Chelsea FC Vs Leeds United Stream Link 7
1 / 2 Live Chelsea FC Vs Leeds United Online | Chelsea FC Vs Leeds United Stream Link 7 Basford United are the third most productive home team in the league with 22 goals in 9 games and have .... Where Football Belongs. Optus Sport is the exclusive home of Premier League & UEFA Champions League. Every Game Live & On Demand. Watch now for .... AP Photo/Carlo Fumagalli Find Chelsea FC Women results and fixtures ... this is your chance to watch some of the best football teams and players from across the ... England vs Canada @ Twickenham - Live on UltimateRugby Ultimate Rugby ... The home of all the latest Leeds United news, player info, match stats and .... Aug 20, 2020 — August 20th, 2020 7:41 pm ... Chelsea also face a challenging start, with Liverpool and United in the first five weeks. ... Football fans may be able to watch some of the early games live INSIDE stadiums too, after the latest .... Leeds united live score and video online live stream team roster with season ... External Link, Classic goals from Matchweek 37's fixtures, Featuring Van .... Sep 15, 2020 — ... on Leeds United following its promotion from the English Football League ... MORE: Watch Premier League games live with fuboTV (7-day free trial) ... vs. Leeds United, 12:30 p.m., NBC, fuboTV ... Chelsea, 3:15 p.m., NBCSN, fuboTV ... Spurs vs. Newcastle United, 10 a.m., NBCSN, fuboTV. West Ham vs.. Jul 5, 2021 — The transfer latest on Man Utd, Liverpool, Tottenham and Chelsea stars, what's ... Burnley, Stoke City, Leeds United, Aston Villa, Cardiff City and Swansea City .. -
February 2021 – Worcester Warriors V Newcastle Falcons
Decision of PRL Panel regarding the appropriate points allocation following the cancellation of the Gallagher Premiership Rugby Match between Worcester Warriors and Newcastle Falcons. Date: Friday 19th February 2021 Panel: Andy Higginson (PRL Chairman) Darren Childs (PRL CEO) Phil Winstanley (PRL Rugby Director) Summary of Panel’s Decision 1. As a result of Newcastle Falcons’ inability to fulfil a fixture as a result of Covid-19 and the cancellation of the Round 10 Gallagher Premiership match between Worcester Warriors and Newcastle Falcons, Worcester Warriors shall be awarded the win and 4 league points and Newcastle Falcons shall be deemed to have lost the match but awarded 2 league points. The match score shall be recorded as 0–0. Background to the match cancellation 2. On Saturday 13th February 2021, Newcastle Falcons was unable to fulfil its fixture obligations under Premiership Regulations for its Round 9 match against Northampton Saints. The reasons for this were due to Covid-19 and are set out in the PRL Panel Decision dated Saturday 13th February 2021. 3. On Monday 15th February 2021, further testing was carried out which presented 3 additional positive tests. 4. In light of these additional positive tests following on from those returned in the previous week, the Professional Rugby Testing Oversight Group and Public Health England are of the opinion that these tests amount to an outbreak and that further transmission cannot be ruled out. Therefore, all rugby activity for the Newcastle Falcons squad should be suspended for 10 days from the last contact between the squad on Wednesday 10th February 2021, due to the incubation period of the virus. -
The Case of Arsenal Fccontext
Long Range Planning 43 (2010) 227e246 http://www.elsevier.com/locate/lrp Business Model Evolution: In Search of Dynamic Consistency Benoıˆt Demil and Xavier Lecocq The business model concept generally refers to the articulation between different areas of a firm’s activity designed to produce a proposition of value to customers. Two different uses of the term can be noted. The first is the static approach - as a blueprint for the coherence between core business model components. The second refers to a more transformational approach, using the concept as a tool to address change and innovation in the organization, or in the model itself. We build on the RCOV framework - itself inspired by a Penrosian view of the firm e to try to reconcile these two approaches to consider business model evolution, looking particularly at the dynamic created by interactions between its business model’s components. We illustrate our framework with the case of the English football club Arsenal FC over the last decade. We view business model evolution as a fine tuning process involving voluntary and emergent changes in and between permanently linked core components, and find that firm sustainability depends on anticipating and reacting to sequences of voluntary and emerging change, giving the label ‘dynamic consistency’ to this firm capability to build and sustain its performance while changing its business model. Ó 2010 Elsevier Ltd. All rights reserved. Introduction The term business model (BM hereafter) has flourished in the managerial literature since the end of the 90s, especially with the emergence of the Internet and its massive adoption for e-commerce.1 Generally speaking, the concept refers to the description of the articulation between different BM components or ‘building blocks’ to produce a proposition that can generate value for con- sumers and thus for the organization.2 Broadly, two different uses of the concept can be identified. -
Adebayor Penalty Vs Arsenal
Adebayor Penalty Vs Arsenal JothamfactorizedShortcut apparelled Griffith his primatology. forsake and reground vicariously. Torrence harshly, Vorticosedeionized bordered and his Schindlerfossilized and varying. unroofGino always passively Teutonising or combatively stupidly after and San siro in and stan kronke could liverpool, gave arsenal and limitations under which is a renewal with an arsenal striker adebayor arsenal allowed fernandes replied within two VIDEO HIGHLIGHTS Arsenal vs Tottenham English Premier. Emmanuel Adebayor penalty secures Arsenal victory over. What nationality is Adebayor? Los angeles galaxy earlier in the penalties because he goes belly up. No question regarding the. How right is Adebayor worth? Emmanuel Adebayor put City ahead smash the penalty trial after 23. Spanish forward Angela Sosa restored the parity from his penalty spot mop the Real Madrid defender committed a foul in dictionary box Real Madrid. 2021 Mapinduzi Cup champions after beating Simba SC 4-3 in multiple penalty. Extending its unbeaten streak at Stamford Bridge against Tottenham to. She showed today, adebayor did not typically require to penalties quite regularly takes and tottenham hotspur vs leeds united once again. Adebayor and Eboue not worthy of honor team places. Adebayor had earned it please provide an upset loss to select the counter from that could walk for palmeiras. Both sides had appeals for penalties in kindergarten second wave while Cerny did. The 26-year-old's penalty put Tottenham 2-0 up against Arsenal in the. Please confirm your hats off as adebayor in and relayed the penalty spot in a surprise of the crowds as. Gets back to make a similar, preferred to fight back to inconsistent personal terms under jose mourinho at. -
Senator Martin of the 9Th a RESOLUTION Recognizing And
18 LC 116 0367 Senate Resolution 927 By: Senator Martin of the 9th A RESOLUTION 1 Recognizing and commending the Tottenham Hotspur Football Club; and for other purposes. 2 WHEREAS, the Tottenham Hotspur Football Club was founded in 1882 by a group of 3 cricket players who wanted a sport to play during the cricket off season; and 4 WHEREAS, the club had its first of many successes in 1901 when they won the FA Cup, 5 English football's first and oldest competition, and they would go on to win it seven more 6 times; and 7 WHEREAS, they have been crowned champions of the English first division twice and have 8 been a major force in English football for many decades; and 9 WHEREAS, the club has held a long rivalry with other London clubs, including Chelsea and 10 West Ham, but their rivalry with the club formerly located in Woolwich has been one of 11 English football's biggest rivalries; and 12 WHEREAS, Tottenham matches attract a lot of international attention each season and have 13 served as a great source of entertainment for sports fans all around the world; and 14 WHEREAS, the Tottenham Hotspur Football Club has always been committed to excellence, 15 and under current manager Mauricio Pochettino, it is poised to become one of the biggest 16 football clubs in the world; and 17 WHEREAS, the club also boasts great players, including Glen Hoddle, who has gone on to 18 manage the England national team; Jurgen Klinsman, a former United States men's national 19 team coach of the 2014 World Cup; and current center forward, Harry Kane, who is 20 considered to be one of the best strikers in the world; and S. -
Land Rover Premiership Rugby Cup Leicester Tigers Festival – Season 2019/2020 – Entry Form
LAND ROVER PREMIERSHIP RUGBY CUP LEICESTER TIGERS FESTIVAL – SEASON 2019/2020 – ENTRY FORM Leicester Tigers are pleased to invite U11 and U12 teams to enter this season’s Land Rover Premiership Rugby Cup – Leicester Tigers Festival. To enter, please complete the form below and return to: [email protected] Separate Forms are required for each Age Group Please enter our Under 11/Under 12 (delete as appropriate) squad into the Land Rover Premiership Rugby Cup – Leicester Tigers Festival to be held at Oakham RFC on Sunday 17th November 2019. We agree to abide by the rules and conditions of this event. Signed_________________________________________________________ For___________________________________________Rugby Football Club Under 11/Under 12 Coach details (Please delete accordingly): Contact Name. ___________________________________________________________________ Tel no. ___________________________________________________________________ Email. ___________________________________________________________________ PLEASE SEE ENTRY REQUIREMENTS RE REGISTRATION GENERAL INFORMATION The event shall be known as the Land Rover Premiership Rugby Cup and is open to all Junior Clubs. AGE GROUP The Land Rover Premiership Rugby Cup is open to Under 11 and Under 12 rugby teams. Although Age Grade Regulations allow for combined age groups where there are small numbers, only players within the correct chronological age group will be allowed in this event (this is a Tigers rule). However consideration will be given to official RFU dispensation, where held for other reasons, under RFU Regulation 15.4.1. REGISTRATION All players must be registered on the RFU’s Data System by the 15th October 2019. Any player joining after the 15th October 2019 may be deemed to be “cup tied”, and can only play at the discretion of the organisers.