So for my financial forecasting class, we have to write a final paper worth 60% of our mark that proposes an economic model to forecast pretty much anything of interest. Instead of sticking to interest rates, exchange rates and the stock market, I decided to have a look at the soccer clubs and their financial statement to see if there is any statistical relationship between the operating expenses (a majority of which encompasses wages for the players, the net increase or decrease in the cash flow (which may explain sudden jump in performances) and how successful the team is in the given season.
My hypothesis is simple- the more a firm spends on its players (the higher the operating expenses), the better it should do in the league. And the better it does in the league, the better the cash flow for the next period given improved sponsorship opportunities, media revenue, etc. I am measuring success based on the no. of points a team scores relative to the top scorer in that given season (because you know, every season is different and just relying on positions alone wasn't good enough).
This means I need financial statements for clubs I am looking at.
I already have statements for
Arsenal (2004 to present)
Aston Villa (2004 only)
Birmingham (2004 to 2009)
Everton (2004 to present)
Tottenham Spurs (2004 to present)
Lazio (2004 to present)
I need statements for
Aston Villa (2005 onwards)
Manchester United (2004 to present)
and any other club who has easily accessible financial statements on their website.
If you follow a club and are comfortable navigating around their website and can take out a couple of minutes of your time to post a link to their statements, I would be very thankful. I will probably be looking data up all day today so if I find anything I will update this post right away!