 Football Clubs: Businesses or Social Institutions?Stephen Morrow Chapter 2 in The People’s Game?, 2003, pp 43-73 from Palgrave Macmillan Abstract: Abstract The financial transformation of football in the last decade or so has been extraordinary, manifesting itself in so many aspects of football — player wages, ownership structures, distribution of income, stadium developments, ticket prices and so on. However, as is discussed in different contexts throughout this book, how football, or more accurately, football’s constituencies or stakeholders, should respond to this ongoing economic transformation remains a contested area. As a business, it could be argued that football’s direction and decision making should now be a function of market economics, with an unfettered market approach being adopted to issues like league structure, distribution of revenues and so on, with the emphasis on business objectives like shareholder value, profit and market share. In practice, it has been argued that the way in which English football responded to the stadium safety requirements of the Taylor Report (Home Office, 1990) demonstrated precisely this unfettered application of free market principles (King, 1997). Keywords: Social Institution; Credit Union; Sport Organization; Football Club; Ticket Price (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:978-0-230-28839-3_3 Ordering information: This item can be ordered from Access Statistics for this chapter More chapters in Palgrave Macmillan Books from Palgrave Macmillan |
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