Funding and operation of stadiums and arenas beside high-class leagues

Stephan Gundel () and Achim Hecker ()
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Stephan Gundel: University of Freiburg
Achim Hecker: University of Freiburg

No 604, Working Papers from International Association of Sports Economists, North American Association of Sports Economists

Abstract: Financing and operating stadiums and arenas beside the respective national high-class leagues are demanding tasks for those involved, mostly clubs or local governments. In the majority of cases, the affected clubs and teams heavily rely on ticket and catering revenues or sponsorships since the marketing of TV rights is of negligible importance. Nevertheless, the respective stadiums and arenas are often old and lack modern comfort on account of budget constraints impeding capital spending by clubs or governments. Starting from these observations and considering the features of the relevant sports facilities, we examine which funding and operating models could improve the endowment with stadiums and arenas in an efficiency-maximizing way and derive helpful recommandations for clubs, policy makers and private investors. For this purpose, we also establish four criteria to assess the efficiency of any stadium or arena construction and operation models, namely funding efficiency, cost efficiency, management efficiency and allocation efficiency. (Note: This paper is in German.)

Keywords: sports facilities; public funding; public-private-partnerships (search for similar items in EconPapers)
JEL-codes: L33 L83 R53 (search for similar items in EconPapers)
Pages: 17 pages
Date: 2006-06
New Economics Papers: this item is included in nep-mkt and nep-spo
References: View references in EconPapers View complete reference list from CitEc
Citations: View citations in EconPapers (2)

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http://web.holycross.edu/RePEc/spe/GundelHecker_Stadiums.pdf Paper presented at the Joint Annual Meeting 2006 of the International and German-Speaking Associations of Sports Economists (IASE and AK), May 4-6, 2006 (application/pdf)
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