English Football

Babatunde Buraimo, Rob Simmons and Stefan Szymanski
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Babatunde Buraimo: University of Central Lancashire
Rob Simmons: Lancaster University

Chapter 8 in Football Economics and Policy, 2010, pp 162-181 from Palgrave Macmillan

Abstract: Abstract Financial distress is not an uncommon occurrence in English football. The number of clubs falling into financial difficulties has escalated, yet this coincides with an era when the revenues accrued to English football have reached unprecedented levels. This chapter examines the finances of the Premier League and the Football League and assesses the sources of financial distress experienced by many clubs. We find that as clubs in the lower divisions engage in the seasonal race for promotion to higher divisions where financial rewards are greater, excessive wage expenditure and the collapse of a major broadcaster have combined to threaten the already fragile existence of many clubs. We assess some policy proposals designed to deal with the financial precariousness of English football.

Keywords: Football Club; European Competition; Lower Division; Seasonal Race; Promotion Test (search for similar items in EconPapers)
Date: 2010
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Journal Article: English Football (2006)
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Persistent link: https://EconPapers.repec.org/RePEc:pal:palchp:978-0-230-27426-6_8

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DOI: 10.1057/9780230274266_8

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