Calculating financial affect: The economic concept of success in european football

In recent years, football clubs from the top 5 leagues have dominated European football competitions. This paper empirically verifies whether only team value can influence performance success. Existing analyses focus primarily on achievements in domestic leagues and their connection with club finances but do not consider club competition in European cups. The aim of this work is to verify whether clubs' budgets and teams’ financial value have direct effects on the results of international competitions. However, previous findings have not confirmed that there is a positive correlation between player values and team outcomes. The main finding indicates that a club's success crucially depends on team value in general, especially for English and German teams. However, a more important factor is the team’s skill level, as shown for the majority of European leagues jointly and for the Spanish clubs in particular.