This graduate thesis will present various management models of football clubs in Europe and other factors which affect club success and sport result. Responsible financial management is one of the basic elements for a football club to be competitive in football competitions. Football is attached to various sources of financing, because many companies are promoted through sports, which helps them to sell their products and services. Financing of football clubs appear in various models. Basic division implies internal and external financing. There are many different examples of football club management models in the world and it is difficult to determine which model is the best, most useful and most profitable for the club. No model is ideal, so this thesis will show the advantages and disadvantages of certain financial models and which clubs are successful in their intention of finding a financial model in order to achieve the best possible results in club competitions. Ownership, management and financial structure of an individual club will be analyzed and then the management models of successful European clubs will be compared with clubs in the Croatian league. Club management structure differs from country to country and according to that, some clubs decided on the association of citizens functioning model in which democratic elections are conducted and each member has one vote, while some clubs decided to let the ownership to only one person who joins the club with enormous capital and thus begins to manage it and develop it in all fields.