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This volume deals with the competitive structure of football. It examines the relationship between sporting success and economic variables, the structure of European competitions, financial problems in football, their origins and options for reform, racial discrimination in English football, and the economic impact of the World Cup.
'Always wanted to know which European football league offers the most exciting competition? Or, when defensive play and erratic referees enhance the suspense? Interested to find out how a return to the situation of the non-commercial 1950s can prevent a collapse of the top leagues? If you also want to learn how to do your own football statistics, then this book by Mr. Loek Groot is the football book you have been waiting for all these years.' - Harrie Verbon, Tilburg University, The Netherlands
This book examines competitive balance and outcome uncertainty from multiple perspectives. Chapters address the topic in different sports in a range of countries, to help to understand its significance. It provides readers with important new insights into previously unexplored dimensions as well as a rich context for better understanding why fans, teams, and leagues value competitive balance. The book challenges readers to think about the topic in a broad and rigorous way, and in some cases to question widely held beliefs about how outcome uncertainty motivates competitive balance, and how sports fans actually view competitive balance.
Starting with a major survey of the economics of sport, this volume involves primarily a comparison of the European and American models of sport, how to restructure leagues to make them more competitive, the analysis of gate-sharing mechanisms, the economic impact of promotion and relegation and a comparison of broadcasting regimes.
Master's Thesis from the year 2014 in the subject Sport - Sport Economics, Sport Management, grade: 1,7, University of Southern Denmark (Economics and Business Administration), course: Sports and Event Management, language: English, abstract: Current discussions in the business of professional football are dealing frequently with the question if competitive balance is decreasing in the European major leagues. Clubs like the FC Barcelona or FC Bayern München were dominating on a national and European level in recent years. In professional sports a positive helix between financial and sporting power exists. Sporting success implies financial success which can be reinvested in the sporting strength, hence leads to even more competitive power. The key driver for the underlying financial success consists of the revenues generated by selling the clubs’ media rights. Two different systems of selling these rights exist, a decentralized and a centralized one. The aim of this paper is to investigate if the selling system of the media rights has influence on the competitive balance in the league. Many different tools to measure competitive balance in team sports exist. For the underlying analysis the Ratio of Standard Deviation, the Concentration Ratio 2 and the Concentration Ratio 5 have been applied. The final rankings of the recent 30 seasons from 1984 to 2013 of six European football leagues have been investigated, the English, Spanish, German, Italian, French and Portuguese league. The data for the analysis was disposable on the World Wide Web. The leagues were analyzed with each measurement tool. The results were presented and evaluated in different steps. In the first step the results of each league were calculated for each measurement tool for the entire investigation period. In the second step the results were sorted and subsequently summarized to one final ranking of competitive balance. By means of this final ranking and the individual analysis results of the leagues, the author tried to cluster and evaluate these findings referred to the media rights selling system. Out of the analysis it can be stated that leagues with an individual TV rights selling system show a lower level of competitive balance by trend. This statement can be emphasized by the created five hypotheses which all point in the direction that collective selling of the TV rights increases competitive balance. Two out of these five hypotheses can be confirmed to a large extent out of the investigation and one can be confirmed from a theoretical point of view. The lasting two hypotheses can neither be confirmed completely out of the investigation results, nor rejected.
This book lays down a marker as to the state of economists’ understanding of the National Football League (NFL) by assembling sophisticated, critical surveys of by leading sports economists on major topics associated with the league. The book is divided into four parts. The first three chapters in Part I provide an overview of the business of the NFL from an economist’s perspective. Part II is a collection of surveys of the economics of the NFL’s most important revenue streams, including media, attendance, and merchandising. The NFL’s labor economics is the focus of Part III, with chapters on player and coach labor markets, the draft, and contract structure. Part IV includes essays on competitive balance, gambling, economic impacts of the Super Bowl, behavioral economic issues associated with the league, and antitrust issues. This book will appeal to sports economists, sports management professionals, and policy-makers, and would be useful as a supplementary text for sports economics and management courses as well as a reference text.
Why would a Japanese millionaire want to buy the Seattle Mariners baseball team, when he has admitted that he has never played in or even seen a baseball game? Cash is the answer: major league baseball, like professional football, basketball, and hockey, is now big business with the potential to bring millions of dollars in profits to owners. Not very long ago, however, buying a sports franchise was a hazardous investment risked only by die-hard fans wealthy enough to lose parts of fortunes made in other businesses. What forces have changed team ownership from sports-fan folly to big-business savvy? Why has The Wall Street Journal become popular reading in pro sports locker rooms? And why are sports pages now dominated by economic clashes between owners and players, cities with franchises and cities without them, leagues and players' unions, and team lawyers and players' lawyers? In answering these questions, James Quirk and Rodney Fort have written the most complete book on the business and economics of professional sports, past and present. Pay Dirt offers a wealth of information and analysis on the reserve clause, salary determination, competitive balance in sports leagues, the market for franchises, tax sheltering, arenas and stadiums, and rival leagues. The authors present an abundance of historical material, much of it new, including team ownership histories and data on attendance, TV revenue, stadium and arena contracts, and revenues and costs. League histories, team statistics, stories about players and owners, and sports lore of all kinds embellish the work. Quirk and Fort are writing for anyone interested in sports in the 1990s: players, players' agents, general managers, sportswriters, and, most of all, sports fans.
In recent years, football’s status as "the world’s sport" has shown little sign of waning. From increasing participation at grassroots levels and to the highly lucrative media rights deals secured by the top elite clubs, the game appears to be thriving as it continues to excite and enthral billions of people around the globe. Nevertheless, there are a number of challenges and opportunities facing the football industry today that warrant further examination. This book brings together leading international researchers to survey the current state of the global football industry, exploring contemporary themes and issues in the marketing of football around the world. With contributions from Europe, Asia and the Americas, it discusses key topics such as football club management, the economics of the football industry, match-fixing, social media, fan experiences, the globalized marketplace, and the growing popularity of the women’s game. Offering insights for researchers, managers, and marketers who are looking to stay ahead of the game, The Global Football Industry: Marketing Perspectives is essential reading for anyone with an interest in international sport business.
Master's Thesis from the year 2018 in the subject Sport - Sport Economics, Sport Management, grade: 2.0, University of Leipzig (Institute for Empirical Research in Economics), language: English, abstract: This thesis will provide the reader with a good understanding of the economic forces in the modern sports industry with a focus on European Football. The reader will be introduced to the most common measures of Competitive Balance and the existing literature on the topic. Equipped with this knowledge, the paper takes the reader on a recap of the European top leagues history with a focus on the Competitive Balance beginning in 1980. The final chapter then provides an econometric deep dive into the data for the Bundesliga. The commercialization of European football strongly accelerated in the early 1990s and brought tremendous revenue increases to the industry. Rapidly, broadcasting revenues became the clubs’ main source of income. Some professional football leagues jointly sell their teams broadcasting rights as bundles and share the incomes with a certain degree of solidarity among them. This study tries to find evidence for the positive impact of such revenue sharing agreements on the competitive balance in Europe’s strongest football leagues. Therefore, a newly developed measure is applied, which contains combined information about leagues absolute level of competitive balance as well as relative changes in standings over time. The results of the study mainly speak in favor of an enhancement of solidarity among teams, because of its positive impact on competitive balance and thus on a leagues attractiveness to customers.