La valorizzazione del capitale intellettuale nelle Società di calcio: la stima del valore economico dei diritti pluriennali alle prestazioni sportive dei calciatori professionisti

THE EVALUATION OF INTELLECTUAL CAPITAL OF THE FOOTBALL CLUB: the evaluation of the economic value of long lasting professional football player performance right In recent years, the transfer of professional football players has become most important in consideration of increased cost of acquisition and management. It was recorded, in fact, an exponential increase in the average cost of transfer fees due to competitive pressures, to a over-assessment of low level players and to an imprudent type of management. In this context, the doctrine and best practice in business management have focused on technical assessment of professional players sport performance rights, on the methodological aspects related to the evaluation process and on the impact on the management of football companies. The present work aims to analyzed the methods to evaluation of transfer fees, investigating, first of all the problems related to the labour market in professional football sector; afterwards it undertakes a critical analysis of the main contributions in the evaluation of these assets and suggests a possible alternative based on experience from well-established doctrine on the evaluation of human capital. The reference to existing evaluation methods highlights the need to identify assessment techniques specifically applicable, characterized by theoretical consistency, which are based on the evaluation of individual skills of each professional players and on the relationships that are established in the group, for the purposes of achieve best performances in all organizations characterized by a systemic configuration. The identification of this methodology is consistent with theories that assign to corporate intangible resources a key role in the process of creating business value and is particularly useful to determine the fair value of a "team players", also in view of identifying the appropriate accounting treatment of professional player’s transfer fees under the International Accounting Standard No 38, on Intangible Assets.