TAILIEUCHUNG - The Economics of Football

Only a few years ago professional football in England was in a state of serious decline. Attendances were falling, revenues were stagnant and the image of the game wasmarred by economists and the business and finance community paid very little attention to the sector, and most of the publicity surrounding the sport was bad. Since the start of the 1990s, however, professional football in England and elsewhere has experienced an astonishing transformation. Player salaries have risen exponentially, television contracts yield revenues on a scale unimaginable only a few years ago, many football stadia have been completely rebuilt, the profile of commercial sponsorship and merchandising has increased beyond measure and. | Stephen Dobson and John Goddard This page intentionally left blank The Economics of Football This book presents the first detailed economic analysis of professional football at club level using a combination of economic reasoning and statistical and econometric analysis. Most of the original empirical research reported in the book is based on English club football. A wide range of international comparisons helps to emphasise the broader relevance as well as the unique characteristics of the English experience. Specific topics include the links between football clubs financial strength and competitive balance and uncertainty of outcome the determinants of professional footballers compensation measuring the football manager s contribution to team performance the determinants of managerial change and its effects on team performance patterns of spectator demand for attendance modelling and predicting match results fixed-odds betting on football match results and the market in football clubs company shares. The book concludes with an extended discussion of the major economic policy issues currently facing football s legislators and administrators worldwide. STEPHEN DOBSON is Senior Lecturer in Economics in the School of Management and Economics at The Queen s University of Belfast. He is the joint author of two books Introduction to Economics 1999 and Microeconomics 1995 . He has also published articles in journals including The Statistician Economic History Review and Scottish Journal of Political Economy. JOHN GODDARD is Senior Lecturer in the Department of Economics at University of Wales Swansea. He has published articles in journals including International Journal of Industrial Organization Economics Letters and Managerial and Decision Economics. He is the joint author of a recent book European Banking Efficiency Technology .

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