Seminar 2
Stockholm University
Stockholm Business School
Business Ethics
Seminar 2
Contextualisation Case 6
Corporate governance of professional football clubs: for profit or for glory?
Shadan Abdullah(930514-6541)
Per Jonsson (780827-0479)
Victor Savigny (902710-P154)
Pui Shan Szeto (921026-P500)
Omkar Vedpathak (940126-P152)
The main stakeholders of football clubs, their 'stake' in the organization and legitimacy of their interests.
Some European football clubs have in, approximately in the last three decades, developed from being relatively small local organizations, into global giants in terms of multi-million businesses supported and followed by millions of stakeholders from all over the world. How does one relate stakeholder theory on the world of football?
“A stakeholder of a corporation is an individual or a group which either: is harmed by, or benefits from, the corporation; or whose rights can be violated, or have to be respected, by the corporation” (Crane & Matten, 2010).
However, Clarkson's refined definition of a company's stakeholder, might also be suitable for describing a football clubs stakeholders: those who 'have, or claim, ownership, rights, or interest in a corporation and its activities'.
Using a traditional management model - the stakeholders are:
- The shareholders
- It’s suppliers
- It’s employees, as well as
- It’s customers (the supporters)
Expanding this into a stakeholder model, the groups are expanded with:
- Civil society
- Government, as well as
- Competitors.
Expanding the model even further with the network model we add the diverse stakeholders to all the groups we have mentioned above. By now it becomes quite clear that there is an enormous amount of stakeholders to the football clubs used as examples in Crane & Matten.
If we take a look at the first group, the shareholders, these are the ones that owns and runs the club. The type of ownership can be range from a democratic model where you via membership have the
Stockholm Business School
Business Ethics
Seminar 2
Contextualisation Case 6
Corporate governance of professional football clubs: for profit or for glory?
Shadan Abdullah(930514-6541)
Per Jonsson (780827-0479)
Victor Savigny (902710-P154)
Pui Shan Szeto (921026-P500)
Omkar Vedpathak (940126-P152)
The main stakeholders of football clubs, their 'stake' in the organization and legitimacy of their interests.
Some European football clubs have in, approximately in the last three decades, developed from being relatively small local organizations, into global giants in terms of multi-million businesses supported and followed by millions of stakeholders from all over the world. How does one relate stakeholder theory on the world of football?
“A stakeholder of a corporation is an individual or a group which either: is harmed by, or benefits from, the corporation; or whose rights can be violated, or have to be respected, by the corporation” (Crane & Matten, 2010).
However, Clarkson's refined definition of a company's stakeholder, might also be suitable for describing a football clubs stakeholders: those who 'have, or claim, ownership, rights, or interest in a corporation and its activities'.
Using a traditional management model - the stakeholders are:
- The shareholders
- It’s suppliers
- It’s employees, as well as
- It’s customers (the supporters)
Expanding this into a stakeholder model, the groups are expanded with:
- Civil society
- Government, as well as
- Competitors.
Expanding the model even further with the network model we add the diverse stakeholders to all the groups we have mentioned above. By now it becomes quite clear that there is an enormous amount of stakeholders to the football clubs used as examples in Crane & Matten.
If we take a look at the first group, the shareholders, these are the ones that owns and runs the club. The type of ownership can be range from a democratic model where you via membership have the