This research examines the impact of managerial changes on Swedish soccer teams from the first and second Swedish soccer league. The research is conducted similar to an event study and regression analysis is employed to investigate the impact of the focus event, managerial changes. The variable of interest for the regression analysis is the odds to win a match. The study uses data for both Swedish leagues for the period from 2010 to 2016. The research finds a positive impact of managerial changes on the team performance in the short-term.