An option pricing framework for valuation of football players

Radu Tunaru, Ephraim Clark and Howard Viney

Review of Financial Economics, 2005, vol. 14, issue 3-4, 281-295

Abstract: In this paper we develop a contingent claims framework for determining the financial value of professional football players. Contingent claims style modelling is used to develop two models. The pricing of football players is based on a performance index such as the Carling Opta Index. Unexpected events such as injuries are included into the models as Poisson jump processes. The value of a player varies from club to club, depending on club turnover and the total number of performance points generated by the entire team.

Date: 2005
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https://doi.org/10.1016/j.rfe.2004.11.002

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Persistent link: https://EconPapers.repec.org/RePEc:wly:revfec:v:14:y:2005:i:3-4:p:281-295

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