Analysis of Factors Influencing the Pricing of Transfers in European Professional Football

G. Eremin
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G. Eremin: Sport Management Centre, Faculty of Economics, Moscow State University, Moscow, Russia

Journal of the New Economic Association, 2018, vol. 40, issue 4, 174-183

Abstract: In this study, econometric model of the transfer value of a professional football player is being developed, based on reputational factors. The relevance of the chosen topic for scientific research is illustrated both by a number of economic indicators and previous works on the topic of recent years: there is an increase in the volume of football transfer market both in Europe and around the world, while there is a lack of effective pricing models for the transfer value, including predictions of the potential incomes and outcomes of clubs. The economic principles of the clubs' contractual interactions in this context are built around the skills and personal qualities of professional players as holders of a specific intangible asset. The economic essence of the transfer activity of professional football clubs in Europe is studied: they sign contracts with the players, during the period of which the club has the right to require a compensation for the transferring of its players to other teams. Taking into account the reputational prerequisites reflecting the specifics of decision-making by the parties of potential transfer transactions, a range of factors are determined to test the research hypothesis and to include statistically significant variables in the econometric model of the transfer value.

Keywords: professional football; sport industry; transfer pricing model; sports finance; sports economics (search for similar items in EconPapers)
JEL-codes: Z21 Z23 Z29 (search for similar items in EconPapers)
Date: 2018
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Citations: View citations in EconPapers (1)

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