 The English Football Industry: Profit, Performance and Industrial StructureStefan Szymanski and Ronald Smith Chapter 1 in Football Economics and Policy, 2010, pp 1-26 from Palgrave Macmillan Abstract: Abstract The English (Association) Football League is a long-established industrial cartel selling a highly popular product with only imperfect substitutes. Despite that, the majority of its member clubs lose money and the industry has faced successive financial crises over the last decade. This chapter develops an empirical model of the financial performance of English League clubs using a high-quality data set of 48 clubs over the period 1974—89. The underlying model explains how rents are competed away through the maximising behaviour of club owners subject to production constraints. This model is parameterised by a system of equations which describe the behaviour of a maximising owner subject to demand and production constraints. The model is then used to examine the coordination failure which lies at the heart of the English Football League’s decline and to assess the prospects for the Premier League. Keywords: Industrial Structure; Football Club; Wage Bill; Ticket Price; Revenue Function (search for similar items in EconPapers) There are no downloads for this item, see the EconPapers FAQ for hints about obtaining it. Related works: Export reference: BibTeX RIS (EndNote, ProCite, RefMan) HTML/Text Persistent link: https://EconPapers.repec.org/RePEc:pal:palchp:978-0-230-27426-6_1 Ordering information: This item can be ordered from Access Statistics for this chapter More chapters in Palgrave Macmillan Books from Palgrave Macmillan |
Is your work missing from RePEc? Here is how to contribute.
Questions or problems? Check the EconPapers FAQ or send mail to .
EconPapers is hosted by the
School of Business at Örebro University.