The Economics of Football – Understanding the Financial Game

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Football is a business and, as such, ทดลองใช้ฟรี is subject to all the forces that affect any other enterprise. This book uses a range of analytical tools from the economics discipline to explore some of the big issues in professional club football today. The authors tackle subjects such as transfer policy and remuneration for players, the effects of management on team performance, betting on football, racial discrimination and the performance of football referees. In addition, the book takes a look at how clubs operate in a landscape that combines non-market, market and sport domains, often with competing agendas and with forces that tend to promote competitive imbalance within the industry.

The Economics of Football: Understanding the Financial Game

The biggest source of revenue for most clubs comes from broadcasting and sponsorship contracts, typically negotiated on three to five-year cycles. This income is usually supplemented by merchandise and matchday revenue, with the majority of revenue derived from the sale of player registrations. In order to maximise this revenue stream, clubs need to perform well in as many competitions as possible, thereby reinforcing the winning cycle that generates greater broadcasting and sponsorship contracts.

It is not easy to turn a profit in football, however, particularly in the Premier League. It is becoming more common for teams to spend more than they receive in turnover, and some of the wealthiest clubs have accumulated debts. This is a significant concern, as it could lead to a race to the bottom in which poorer clubs compete against each other by increasing their costs and, in doing so, deterring attendances and further driving up soaring player transfer fees.