NPOs and private governance forms for football clubs: towards a blended model

PurposeThis study explores the relationship between governance model - private organisations vs non-profit organisations (NPOs) - and performance in football clubs.Design/methodology/approachThe study is a comparative case study of two football clubs with different governance models: Malmo FF, which is an NPO, and Bologna FC, which is a privately owned club.FindingsThe results show that both football clubs focus equally on financial and non-financial performance, and in practice, both clubs use a blend of private and NPO governance models. While supporting efforts towards financial results, blending the models appears to support football clubs' management of the tension between financial and non-financial performance and the expectation that they will contribute to local development. Thus, using a blend of the two models is not only accepted but expected.Research limitations/implicationsThis study is a comparative case study of two football clubs. This study furthers our understanding of how football clubs manage the tension between financial and non-financial performance expectations. This is particularly of interest in light of the increasing professionalisation of sports, especially football, and how this might jeopardise the contributions that sport clubs make to the local community.Originality/valueBy exploring the relationship between governance model and performance, this study shows that, contrary to expectations, privately owned football clubs focus as much on non-financial performance as clubs governed as NPOs. This study contributes to the existing literature by showing how clubs use a mixture of elements from governance models to manage the tension between financial and non-financial performance that has emerged in the wake of the increasing professionalisation of football

Degeneracy Between the Regge Slope of Mesons and Baryons from Supersymmetry

We consider the degeneracy between the Regge slope of mesons and baryons in QCD. We argue that within the "orientifold large-N approximation" asymptotically massive mesons and baryons become supersymmetric partners and hence degenerate. To this end, we generalize QCD by a SU(N) theory with a quark in the two-index antisymmetric representation. We show that in this framework the meson is represented by an oriented bosonic QCD-string and the baryon is represented by an un-oriented fermionic QCD-string. At large-N, due to an equivalence with super Yang-Mills, the tensions of the bosonic and the fermionic strings coincide. Our description of mesons and baryons as oriented and un-oriented bosonic and fermionic QCD-strings is in full agreement with the spectra of open strings in the dual type 0' string theory.Comment: v2: extended version. Appendices and references adde

The Stellar Halo Metallicity - Luminosity Relationship for Spiral Galaxies

The stellar halos of spiral galaxies bear important chemo-dynamical signatures of galaxy formation. We present here the analysis of 89 semi-cosmological spiral galaxy simulations, spanning ~ 4 magnitudes in total galactic luminosity. These simulations sample a wide variety of merging histories and show significant dispersion in halo metallicity at a given total luminosity - more than a factor of ten in metallicity. Our preliminary analysis suggests that galaxies with a more extended merging history possess halos which have younger and more metal rich stellar populations than the stellar halos associated with galaxies with a more abbreviated assembly. A correlation between halo metallicity and its surface brightness has also been found, reflecting the correlation between halo metallicity and its stellar mass. Our simulations are compared with recent Hubble Space Telescope observations of resolved stellar halos in nearby spirals.Comment: 5 pages, 4 figures. MNRAS Letters, in pres

On the statistical identification of DSGE models

Dynamic Stochastic General Equilibrium (DSGE) models are now considered attractive by the profession not only from the theoretical perspective but also from an empirical standpoint. As a consequence of this development, methods for diagnosing the fit of these models are being proposed and implemented. In this article we illustrate how the concept of statistical identification, that was introduced and used by Spanos [Spanos, Aris, 1990. The simultaneous-equations model revisited: Statistical adequacy and identification. Journal of Econometrics 44, 87–105] to criticize traditional evaluation methods of Cowles Commission models, could be relevant for DSGE models. We conclude that the recently proposed model evaluation method, based on the DSGE−VAR(λ), might not satisfy the condition for statistical identification. However, our application also shows that the adoption of a FAVAR as a statistically identified benchmark leaves unaltered the support of the data for the DSGE model and that a DSGE-FAVAR can be an optimal forecasting model

Future large-scale water-Cherenkov detector

MEMPHYS (MEgaton Mass PHYSics) is a proposed large-scale water-Cherenkov experiment to be performed deep underground. It is dedicated to nucleon decay searches and the detection of neutrinos from supernovae, solar, and atmospheric neutrinos, as well as neutrinos from a future beam to measure the CP violating phase in the leptonic sector and the mass hierarchy. This paper provides an overview of the latest studies on the expected performance of MEMPHYS in view of detailed estimates of its physics reach, mainly concerning neutrino beams

Study of the performance of a large scale water-Cherenkov detector (MEMPHYS)

MEMPHYS (MEgaton Mass PHYSics) is a proposed large-scale water Cherenkov experiment to be performed deep underground. It is dedicated to nucleon decay searches, neutrinos from supernovae, solar and atmospheric neutrinos, as well as neutrinos from a future Super-Beam or Beta-Beam to measure the CP violating phase in the leptonic sector and the mass hierarchy. A full simulation of the detector has been performed to evaluate its performance for beam physics. The results are given in terms of "Migration Matrices" of reconstructed versus true neutrino energy, taking into account all the experimental effects.Comment: Updated after JCAP's referee's comment

Technical note: immunomagnetic procedure for positive selection of macrophages in ovine milk.

A simple immunomagnetic procedure was developed to select macrophages from ovine milk by using a non-specific magnetic positive separation technique. Samples of ewe bulk milk were collected during early, mid, and late lactation; milk samples were centrifuged at 2,000 x g for 30 min at 4 degrees C; the fatty fraction and supernatant were removed, and each pellet was dissolved in 500 microL of pH 7.4 phosphate buffered saline + 0.02% NaN(3). Cells were targeted for selection by using mouse-IgG anti-ovine macrophages. Several trials, testing 2 different fluorochrome-conjugated antibodies [i.e., mouse anti-human CD14:R-Phycoerythrin (RPE) (MCA1568PE, Serotec) and F(ab')2 rabbit anti-mouse IgG:RPE (STAR12A, Serotec)] and 3 different labeling procedures, were performed to evaluate the purity of samples by flow cytometry. A morphological test was carried out by direct microscopic count in enriched fraction smears stained with May-Grünwald-Giemsa stain to confirm the presence of macrophages. The method described in the present technical note can be considered an innovative application to obtain a single-cell population of high purity selected from all the somatic cells in milk

Oncoplastic conservative surgery for breast cancer: long-term outcomes of our first ten years experience

The main goal of oncoplastic breast surgery (OBS) is to optimize cosmetic outcomes and reduce patient morbidity, while still providing an oncologically-safe surgical outcome and extending the target population of conservative surgery. Although the growing number of reported experiences with oncoplastic surgery, few studies account for the long-term outcomes