چكيده لاتين
The purpose of the present study was to model financial risk management of Premier League football clubs in Iran. In terms of purpose, this research is applied in nature; regarding methodology, it adopts a mixed qualitative–quantitative design; and in terms of reasoning, it follows an inductive–exploratory approach. The qualitative research population consisted of experts in sport management and financial affairs, financial managers and deputies of Premier League football clubs, as well as academic scholars specializing in sport management and financial management. The quantitative research population included university professors of sport management and financial management, students, as well as experts knowledgeable in financial affairs, managers and financial-executive experts in Iran premier league football clubs. The sampling method in the qualitative phase was purposive using the snowball technique, while in the quantitative phase, convenience sampling was applied. Data collection instruments included library studies and in-depth interviews for the qualitative phase, and a researcher-made questionnaire for the quantitative phase. A total of 15 interviews were conducted, and data saturation was reached after the thirteenth interview. For qualitative data analysis, the grounded theory approach based on Charmaz’s method was employed, while quantitative data analysis and model validation were performed using SmartPLS 3 software. The interview data were analyzed through three stages of open, focused, and selective coding. To ensure validity in the qualitative phase, Lincoln and Guba’s trustworthiness criteria were applied, and reliability was assessed through process auditing and internal agreement. Also in the present study, the validity of the research instrument was quantitatively assessed using face validity and construct validity methods, and its reliability was confirmed through Cronbachʹs alpha coefficient.
Review and analysis of the interviews led to the extraction of 108 final concepts, which were further categorized into 19 sub-themes and five main themes: Operational risk, Liquidity risk, Market risk, Credit risk, and Country risk. The findings indicated that the financial risk model of Premier League football clubs in Iran comprises five hierarchical levels, with Operational risk at the lowest level and Liquidity risk—identified as the most critical factor in generating financial risks—at the highest level. The results also confirmed that all research hypotheses were significant at the 95% confidence level. According to the modeling results, the financial risk management hierarchy of the clubs, from the most to the least influential factor, is as follows: Liquidity risk, Market risk, Credit risk, Country risk, and Operational risk. Accordingly, it is essential for managers and policymakers to identify and address the key factors influencing financial risks of Premier League football clubs in Iran. The proposed model can serve as a foundation for recognizing, assessing, and managing financial risks in these clubs and for enhancing their financial stability and sustainability.
