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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. -
European Athletics Team Championships 1St League
E u r o p e a n Athletics Team Championships 1st League Heraklion 20-21 June 2015 BULLETIN www.heraklion2015.gr INDEX 2 INDEX 3 - 5 WELCOME GREETINGS 6 - 8 TOUR OF THE CITY 9 HOTELS 10 - 12 TΗΕ STADIUM 13 - 15 COMPETITION RULES & REGULATIONS 16 TEAM CHAMPIONSHIPS’ HISTORY 17 GREECE AND MAJOR COMPETITIONS 18 2014 EDITION 19 TIMETABLE 20 - 21 COMMITTEES www.heraklion2015.gr https://www.facebook.com/heraklion2015 https://twitter.com/Heraklion2015 www.segas.gr 137 Sungrou Ave., +30 210 93 51 888 [email protected] GS ME GREETIN LCO WE EUROPEAN ATHLETICS PRESIDENT Since the launch of the European Athletics Team Championships in Leiria in 2009, the event has quickly established itself as the premier team event on the international athletics calendar. European Athletics is delighted to be back in Greece for the 2015 European Athletics Team Championships First League in Heraklion. Staging an event is always an organisational challenge and I extend my thanks to the Heraklion 2015 Local Organising Committee, its staf and volunteers who, with the assistance of European Athletics, continue to work hard to make the event a success. I also wish to pay tribute to the invaluable support of the national sponsors and suppliers supporting the event. Located on the beautiful island of Crete, the stadium hosted part of the football tournament during the 2004 Athens Olympic Games and is currently the home ground of Greek Superleague football team Ergotelis. Crete forms a signiicant part of the economy and cultural heritage of Greece. It was once the centre of the Minoan civilization, which is regarded as the earliest recorded civilization in Europe. -
Wayne Rooney: Captain of England Free
FREE WAYNE ROONEY: CAPTAIN OF ENGLAND PDF Tom Oldfield,Matt Oldfield | 160 pages | 01 Apr 2016 | John Blake Publishing Ltd | 9781784186470 | English | London, United Kingdom Wayne Rooney: Derby County forward tests negative for Covid but must self-isolate - BBC Sport Manchester United legend Wayne Rooney faces the possibility of being infected by coronavirus, after a friend paid him a visit at his family home. With the Rooney Covid result is awaited, reports suggest that the former Red Devil is known to be angry and disappointed by the sequence of events. In a report by The Sun, Wayne Rooney's friend Josh Bardsley visited the former England international at his family home on Thursday to give him a watch. The incident occurred a day prior to Derby County's defeat to Watford, a game where Rooney played the entire 90 minutes. The statement further stated that the former Manchester United captain is angry and disappointed f having been put through this ordeal by someone acting in breach of the NHS and the government guidelines. Rooney will now take a swab test and should he test positive, the COVID UK rules suggest that he will have to self-isolate at his Cheshire home for 14 days. The year-old's family will also have to be tested for the deadly virus. Derby County subsequently released a statement regarding the same but opted against mentioning Wayne Rooney's name. The Championship club said that they were aware of a report in a national newspaper relating Wayne Rooney: Captain of England a member of the club's playing squad being in contact with an individual which has Wayne Rooney: Captain of England positive for Wayne Rooney: Captain of England and will continue to adhere to strict rules and protocols for the same. -
GROUP B National Anthem Did You Know?
GROUP B England National Anthem God Save the Queen God save our gracious Queen! Long live our noble Queen! God save the Queen! Send her victorious, Happy and glorious, Long to reign over us, God save the Queen. Thy choicest gifts in store On her be pleased to pour, Long may she reign. May she defend our laws, And ever give us cause, Capital: London To sing with heart and voice, God save the Queen. Population: 53,010,000 There is only a 34 Currency: British Pound Sterling kilometre (21 mile) gap Area: 130,279km2 between England and Highest Peak: Scafell Pike (978 metres) France and the countries are connected by the Longest River: River Severn (350km) Channel Tunnel which opened in 1994. The city of London has a population of approximately Did you 12 million people, making it the largest city in all of Europe. know? English computer London is home scientist Tim There have been a to several UNESCO World Berners-Lee number of influential English Heritage Sites: The Tower of is credited with authors but perhaps the London, Royal Botanical Kew inventing the World Wide Web. most well-known is William Gardens, Westminster Palace, Shakespeare, who wrote Westminster Abbey, classics such as Romeo and St. Margaret’s Church, and Juliet, Macbeth Maritime Greenwich. and Hamlet. 14 English GROUP B football crest CURRENT SQUAD Joe Hart Manchester City FC English Jack Butland Stoke City FC Fraser Forster Southampton FC football Nathaniel Clyne Liverpool FC Leighton Baines Everton FC English Gary Cahill Chelsea FC football John Stones Everton FC team facts -
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). -
The Impact of the 2004 Olympic Games on the Greek Economy 3
Ι∆ΡΥΜΑ ΟΙΚΟΝΟΜΙΚΩΝ & ΒΙΟΜΗΧΑΝΙΚΩΝ ΕΡΕΥΝΩΝ FOUNDATION FOR ECONOMIC & INDUSTRIAL RESEARCH 11 Tsami Karatassou, 117 42 Athens, Greece, Tel.: +30 210-9211 200-10, Fax: +30210-9233 977 The impact of the 2004 Olympic Games on the Greek economy January 2015 2 The research for this study was conducted by N. Zonzilos, E. Demian, E. Papadakis, N. Paratsiokas and S. Danchev, under the supervision of the Director General of IOBE, Professor N. Vettas. The researchers would like to thank C. Katsiardis for his research assistance and all the individuals who offered their assistance with data and insight on the Games. IOBE would like to thank Gianna Angelopoulos-Daskalaki for the financial support of this study. The judgments on policy issues and the proposals contained in this study express the opinions of the researchers and do not necessarily reflect the opinion of the members or the management of IOBE. The Foundation for Economic & Industrial Research (IOBE) is a private, non-profit, public-benefit research organisation. It was established in 1975 with the dual purpose of promoting research on current problems and prospects of the Greek economy and its sectors and of generating reliable information, analysis and proposals for action that can be of high value in economic policy making. ISBN 978-960-7536-61-7 Copyright 2015 Foundation for Economic & Industrial Research This study may not be reproduced in any form or for any purpose without the prior knowledge and consent of the publisher. Foundation for Economic and Industrial Research (IOBE) 11, Tsami Karatassou St, 117 42 Athens, Tel. (+30210 9211200-10), Fax:(+30210 9233977) E-mail: [email protected] – URL: http://www.iobe.gr Foundation for Economic & Industrial Research IOBE The impact of the 2004 Olympic Games on the Greek economy 3 FOREWORD Without a doubt, the 2004 Olympic Games in Athens and in the other four Olympic cities had a multiple impact on the Greek economy, on many levels and at various time periods. -
P15 Layout 1
Established 1961 15 Sports Sunday, December 10, 2017 Son sinks Stoke to get Spurs back on track in style Shawcross, seventh player to score six own goals LONDON: South Korean forward Son Heung-Min backfired and Son burst away on a 40-yard run, ignor- sparkled as Tottenham Hotspur returned to winning ing Eriksen’s cries for a pass, but could not find his way ways in style by crushing sorry Stoke City 5-1 at beyond Butland. Wembley yesterday. After a four-game winless streak Butland was forced into another save to keep out in the Premier League, Tottenham took their frustra- Eriksen’s 28th-minute free-kick and then had to repel a tions out on a poor Stoke side to provisionally climb to thunderous shot from Mousa Dembele. fifth place in the table. Though Harry Kane scored twice, Son was the star Shellshocked Stoke of the show, scoring one goal and having a say in four It was all Spurs and they should have been out of others. An own goal from Ryan Shawcross set Spurs on sight, with Kane the next guilty party. Son threaded the the way, with Christian Eriksen also weighing in as ball through and Kane beat Stoke’s offside trap, only to Stoke, who grabbed a fire his low shot the late consolation via wrong side of the post. Shawcross, were taken Within eight minutes to the cleaners. of kick-off in the second Following three previ- half, Son showed Kane ous 4-0 victories, it was Harry Kane how it was done with a Spurs’ fourth consecu- cool finish. -
Chelsea Champions League Penalty Shootout
Chelsea Champions League Penalty Shootout Billie usually foretaste heinously or cultivate roguishly when contradictive Friedrick buncos ne'er and banally. Paludal Hersh never premiere so anyplace or unrealize any paragoge intemperately. Shriveled Abdulkarim grounds, his farceuses unman canoes invariably. There is one penalty shootout, however, that actually made me laugh. After Mane scored, Liverpool nearly followed up with a second as Fabinho fired just wide, then Jordan Henderson forced a save from Kepa Arrizabalaga. Luckily, I could do some movements. Premier League play without conceding a goal. Robben with another cross to Mueller identical from before. Drogba also holds the record for most goals scored at the new Wembley Stadium with eight. Of course, you make saves as a goalkeeper, play the ball from the back, catch a corner. Too many images selected. There is no content available yet for your selection. Sorry, images are not available. Next up was Frank Lampard and, of course, he scored with a powerful hit. Extra small: Most smartphones. Preview: St Mirren vs. Find general information on life, culture and travel in China through our news and special reports or find business partners through our online Business Directory. About two thirds of the voters decided in favor of the proposition. FC Bayern Muenchen München vs. Frank Lampard of Chelsea celebrates scoring the opening goal from the penalty spot with teammate Didier Drogba during the Barclays Premier League. This site uses Akismet to reduce spam. Eintracht Frankfurt on Thursday. Their second penalty was more successful, but hardly signalled confidence from the spot, it all looked like Burghausen left their heart on the pitch and had nothing to give anymore. -
Student Guide to Living in Liverpool
A STUDENT GUIDE TO LIVING IN LIVERPOOL www.hope.ac.uk 1 LIVERPOOL HOPE UNIVERSITY A STUDENT GUIDE TO LIVING IN LIVERPOOL CONTENTS THIS IS LIVERPOOL ........................................................ 4 LOCATION ....................................................................... 6 IN THE CITY .................................................................... 9 LIVERPOOL IN NUMBERS .............................................. 10 DID YOU KNOW? ............................................................. 11 OUR STUDENTS ............................................................. 12 HOW TO LIVE IN LIVERPOOL ......................................... 14 CULTURE ....................................................................... 17 FREE STUFF TO DO ........................................................ 20 FUN STUFF TO DO ......................................................... 23 NIGHTLIFE ..................................................................... 26 INDEPENDENT LIVERPOOL ......................................... 29 PLACES TO EAT .............................................................. 35 MUSIC IN LIVERPOOL .................................................... 40 PLACES TO SHOP ........................................................... 45 SPORT IN LIVERPOOL .................................................... 50 “LIFE GOES ON SPORT AT HOPE ............................................................. 52 DAY AFTER DAY...” LIVING ON CAMPUS ....................................................... 55 CONTACT -
Design of Stadium Structures: a Safety First Approach
Design of stadium structures: a safety first approach Autor(en): Reid, Bill Objekttyp: Article Zeitschrift: IABSE reports = Rapports AIPC = IVBH Berichte Band (Jahr): 71 (1994) PDF erstellt am: 02.10.2021 Persistenter Link: http://doi.org/10.5169/seals-54157 Nutzungsbedingungen Die ETH-Bibliothek ist Anbieterin der digitalisierten Zeitschriften. Sie besitzt keine Urheberrechte an den Inhalten der Zeitschriften. Die Rechte liegen in der Regel bei den Herausgebern. Die auf der Plattform e-periodica veröffentlichten Dokumente stehen für nicht-kommerzielle Zwecke in Lehre und Forschung sowie für die private Nutzung frei zur Verfügung. Einzelne Dateien oder Ausdrucke aus diesem Angebot können zusammen mit diesen Nutzungsbedingungen und den korrekten Herkunftsbezeichnungen weitergegeben werden. Das Veröffentlichen von Bildern in Print- und Online-Publikationen ist nur mit vorheriger Genehmigung der Rechteinhaber erlaubt. Die systematische Speicherung von Teilen des elektronischen Angebots auf anderen Servern bedarf ebenfalls des schriftlichen Einverständnisses der Rechteinhaber. Haftungsausschluss Alle Angaben erfolgen ohne Gewähr für Vollständigkeit oder Richtigkeit. Es wird keine Haftung übernommen für Schäden durch die Verwendung von Informationen aus diesem Online-Angebot oder durch das Fehlen von Informationen. Dies gilt auch für Inhalte Dritter, die über dieses Angebot zugänglich sind. Ein Dienst der ETH-Bibliothek ETH Zürich, Rämistrasse 101, 8092 Zürich, Schweiz, www.library.ethz.ch http://www.e-periodica.ch 289 Design of Stadium Structures - A Safety First Approach Projet des structures de stades sous l'angle de la sécurité Der Entwurf von Stadien unter dem Primat der Sicherheit Bill REID Bill Reid, born 1945, graduated in Director Civil Engineering at Aberdeen Thorburn Colquhoun University before joining the Consulting Engineering Practice Thorburn. -
Impact Case Study (Ref3b) Institution: University of Central Lancashire
Impact case study (REF3b) Institution: University of Central Lancashire Unit of Assessment: 26 - Sport and Exercise Sciences, Leisure and Tourism Title of case study: Sport, „Visual Culture‟ and Museums 1. Summary of the impact (indicative maximum 100 words) Research undertaken by Hughson has impacted on the decision-making of two museums, principally the National Football Museum (NFM) in England and the National Sports Museum (NSM) in Australia. In the NFM, research has informed the acquisition and display of items for the permanent collection and temporary exhibition, led to an appointment as historical advisor to the selection committee of the National Football Hall of Fame, and has also supported the NFM‟s successful bid for „Designation‟ status with the Arts Council. With regard to the NSM the research has informed the public education dimension of a major exhibition on Olympic posters. 2. Underpinning research (indicative maximum 500 words) Hughson‟s published research on the cultural history of sport, the relationship between sport, art and design, and on the relationship between sport and cultural policy and the implications for museums underpins the impact being claimed within this case study. Five published peer reviewed works contain this research; the bibliographical details are set out in section 3 of this document. The first three of the listed items are included within Hughson‟s four published items returned with REF 2014. Hughson‟s research expertise on sport within art was established in the monograph The Making of Sporting Cultures. In various chapters of the book, the representation of sportive movement and symbolism from the ancient to the modern – Myron‟s Discobolus to Dali‟s Cosmic Athlete – is discussed. -
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THE HISTORYHISTORYOF FOOTBALLFOOTBALL IN MINUTES 90 (PLUS EXTRA TIME) BEN JONES AND GARETH THOMAS THE FOOTBALL HISTORY BOYS Contents Introduction . 12 1 . Nándor Hidegkuti opens the scoring at Wembley (1953) 17 2 . Dennis Viollet puts Manchester United ahead in Belgrade (1958) . 20 3 . Gaztelu help brings Basque back to life (1976) . 22 4 . Wayne Rooney scores early against Iceland (2016) . 24. 5 . Brian Deane scores the Premier League’s first goal (1992) 27 6 . The FA Cup semi-final is abandoned at Hillsborough (1989) . 30. 7 . Cristiano Ronaldo completes a full 90 (2014) . 33. 8 . Christine Sinclair opens her international account (2000) . 35 . 9 . Play is stopped in Nantes to pay tribute to Emiliano Sala (2019) . 38. 10 . Xavi sets in motion one of football’s greatest team performances (2010) . 40. 11 . Roger Hunt begins the goal-rush on Match of the Day (1964) . 42. 12 . Ted Drake makes it 3-0 to England at the Battle of Highbury (1934) . 45 13 . Trevor Brooking wins it for the underdogs (1980) . 48 14 . Alfredo Di Stéfano scores for Real Madrid in the first European Cup Final (1956) . 50. 15 . The first FA Cup Final goal (1872) . 52 . 16 . Carli Lloyd completes a World Cup Final hat-trick from the halfway line (2015) . 55 17 . The first goal scored in the Champions League (1992) . 57 . 18 . Helmut Rahn equalises for West Germany in the Miracle of Bern (1954) . 60 19 . Lucien Laurent scores the first World Cup goal (1930) . 63 . 20 . Michelle Akers opens the scoring in the first Women’s World Cup Final (1991) .