Analysis of existing accounting system of football clubs in Turkey and a case study

Football, which is based on inserting the ball into opposing goal by headers or kicks and played between two teams of eleven players, was emerged approximately in B.C. 2500. Before contemporary football was emerged, people had played football by kicking the ball and trying to pass it through between two spears. In proportion to pleasure that people had, they had attached more importance to football, by passage of time football has been detached from the other sport branches and football in modern sense has been emerged with the foundation of football federation in England, in 1857.Although football has been spread in various countries in different times, it is encountered in Turkey first in 1875 in Ottoman Empire and by football tournaments played in Bornova fields of Izmir in 1877. Football Clubs had been first regulated by 14th clause of Law No. 5253 on Associations, entitled ?Youth and Sport Clubs?. In this law; together with the regulations for the financial standings of football clubs, what income and expenditure components of clubs are and what is needed to have an income and which procedures will be used for expenditures were discussed. Together with the regulation of these laws, in the frame of developing economic structure of football, the said regulations were not enough to introduce the transparent financial structure of football.When football is considered as a growing sector than a sport branch and nonetheless having a big budget, a new accounting system for the clubs were offered to eliminate some deficiencies in accounting structures of football clubs by using below-the-line accounts appropriate to Uniform Accounting System. In this way, it is aimed to submit financial printouts to information users by placing accounting systems and financial structures of football clubs on a transparent footing.Key Words: Football, Football Clubs, Football's Financial Structure, Accounting System