Economia Aziendale Online (2011) 3: 247-260 Principles www.ea2000.it Ubaldo Comite Dip.to di Scienze Aziendali, Università della Calabria, Rende (Cs) – Università Telematica E-Campus, Novedrate (Co) E-mail:
[email protected] Economia Aziendale Online Vol. 3, 1/2012: 153-174 Working Papers www.economiaaziendale.it DOI: 10.4485/ea2038-5498.003.0012 Financial communication in professional football clubs Paolo Pietro Biancone, Alberto Solazzi Abstract Nowadays football is not a simple show but also business with revenues of the football market amounting to 12,6 thousand million euros in the European Union in 2005 and 2006 only. Despite the importance of this mar- ket, very little research has critically examined the financial communication of football teams as enterprises in this market. As such, this paper critically discusses the valuation and the application of the impairment test of intangibles assets of football teams. Specifically, this study looks at players’ registrations, which are recorded as a specific item among the intangibles of the statement of financial position of professional football enterprises. Indeed, the players’ registrations represent the main item of football teams balance sheets. As such, this paper critically analyses the application of the rules defined by IAS/IFRS, with the objective to find a correct treatment of enrolment and valuation of players’ registrations in financial statements. Currently, IAS/IFRS are applied only to listed companies. However, IAS/IFRS could be useful for unlisted companies in