An economic and financial perspective on Vitoacute;ria sport cube (1st League ndash; Portugal)

Abstract

Football, considered the king sport, moves millions of euros through the numerous clubs, associations and federations. In Portugal, all entities are obliged to draw up and constantly update accounting records, always aiming at transparency. Vitória Sport Clube, object of study of the present work, every season, presents to its members a report of accounts, where is present the summary of the sports season as well as, the accounting instruments that allow to ascertain the patrimonial state of the club and also the financial behavior during the analyzed period. This study used as a methodology an exploratory analysis which was based on the observation of the reports and accounts of the club in the seasons 2016/2017, 2017/2018 and 2018/2019. It was possible to conclude that the club's financial health is on the rise as well as its financial capacity and maintenance in the 1st Portuguese league.