FINANCIAL STATEMENT ANALYSIS AND POTENTIAL PREDICTION OF BANKRUPTCY TO UNDERSTANDING THE IMPACT OF COVID-19 ON FOOTBALL CLUB

• Main Author: Achda Arbinery, Yuan
• Format: Theses
• Language: Indonesia
• Online Access: https://digilib.itb.ac.id/gdl/view/61586
• Institution: Institut Teknologi Bandung

Football has become a huge industry that is growing incredibly global. These conditions encourage the management of a professional football club to be managed as a company. In a good company, there are financial reports as a medium of communication and accountability between management and shareholders. In the financial statements of the football club, it can also be seen how the performance of the club's management when running their club. Therefore, financial statement analysis is carried out to assess the club's performance and maximize performance in the future period. The COVID-19 pandemic in early 2020 had an impact on various sectors, especially the financial sector. To find out the impact of the pandemic on the financial condition of football clubs, an analysis of their financial statements was carried out using financial ratio analysis and financial distress analysis using Altmann Z-score to predict the potential for bankruptcy of the club. The samples are financial statements from 15 European clubs for the period 2018-2020. The results are there are financially unhealthy conditions even before the pandemic. But the situation got worse after the pandemic. The 15 sample clubs also have the potential to go bankrupt if in the next few years the club's financial condition is not improved.