Value refinement │ How stakeholders–values differ in the case of Cyprus
| Additional value | Value removed | |
|---|---|---|
| International and national football regulatory bodies |
| |
| Coaching staff and football players |
| |
| Core fans |
|
|
| Loyal - frequent fans |
| |
| TV rights holders and media |
| |
| Commercial partners |
|
|
| Football players' agents |
| |
| Government, local authorities and national sports authority |
| |
| Police and event management staff |
| |
| Referees |
|
| Additional value | Value removed | |
|---|---|---|
| International and national football regulatory bodies | Sense of belonging | |
| Coaching staff and football players | Attendance increase Media attraction Sponsors attraction | |
| Core fans | [Control and power on the decision-making process] [Criticism] [Damaging image] [Disciplinary fines] | Attendance increase Media attraction Sponsors attraction |
| Loyal - frequent fans | Word-of-mouth [Criticism] | |
| TV rights holders and media | [Attendance decrease] [Dependency] [Fake news] | |
| Commercial partners | Brand equity [Dependency] | Attendance increase Fan engagement |
| Football players' agents | Approach players | |
| Government, local authorities and national sports authority | Debts relief [Attendance decrease] [Political relationship - power] | |
| Police and event management staff | [Attendance decrease] | |
| Referees | Personality |
Source(s): Developed by authors
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