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Theory Of The Beautiful Game: The Unification Of European Football

Author

Listed:
  • John Vrooman
Abstract
European football is in a spiral of intra‐league and inter‐league polarization of talent and wealth. The invariance proposition is revisited with adaptations for win‐maximizing sportsman owners facing an uncertain Champions League prize. Sportsman and champion effects have driven European football clubs to the edge of insolvency and polarized competition throughout Europe. Revenue revolutions and financial crises of the Big Five leagues are examined and estimates of competitive balance are compared. The European Super League completes the open‐market solution after Bosman. A 30‐team Super League is proposed based on the National Football League.

Suggested Citation

  • John Vrooman, 2007. "Theory Of The Beautiful Game: The Unification Of European Football," Scottish Journal of Political Economy, Scottish Economic Society, vol. 54(3), pages 314-354, July.
    • Handle: RePEc:bla:scotjp:v:54:y:2007:i:3:p:314-354
    DOI: 10.1111/j.1467-9485.2007.00418.x
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    References listed on IDEAS

    as
    1. Stefan Szymanski, 2010. "The Champions League and the Coase Theorem," Palgrave Macmillan Books, in: Football Economics and Policy, chapter 10, pages 202-225, Palgrave Macmillan.
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    5. repec:bla:scotjp:v:47:y:2000:i:4:p:364-98 is not listed on IDEAS
    6. John Vrooman, 1997. "Franchise Free Agency in Professional Sports Leagues," Southern Economic Journal, John Wiley & Sons, vol. 64(1), pages 191-219, July.
    7. Stefan Szymanski & Stefan Késenne, 2010. "Competitive Balance and Gate Revenue Sharing in Team Sports," Palgrave Macmillan Books, in: The Comparative Economics of Sport, chapter 7, pages 229-243, Palgrave Macmillan.
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    9. Stefan Szymanski, 2010. "The Economic Design of Sporting Contests," Palgrave Macmillan Books, in: The Comparative Economics of Sport, chapter 1, pages 1-78, Palgrave Macmillan.
    10. John Vrooman, 2000. "The Economics of American Sports Leagues," Scottish Journal of Political Economy, Scottish Economic Society, vol. 47(4), pages 364-398, September.
    11. Stefan Kesenne, 2007. "The Peculiar International Economics Of Professional Football In Europe," Scottish Journal of Political Economy, Scottish Economic Society, vol. 54(3), pages 388-399, July.
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    13. Sloane, Peter J, 1971. "The Economics of Professional Football: The Football Club as a Utility Maximiser," Scottish Journal of Political Economy, Scottish Economic Society, vol. 18(2), pages 121-146, June.
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