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Football league transfers: a comparison of negotiated fees with arbitration settlements

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  • Alan Speight
  • Dennis Thomas

Abstract

This paper investigates the differences between negotiated and arbitrated settlements in the footballers transfer market utilizing a data set containing FLAC decisions covering the period 1978-9 to 1991-2. Our analysis suggests that arbitrated settlements deflate transfer fees compared with negotiated transfers. We also identify a tendency towards greater risk aversion amongst buying clubs.

Suggested Citation

  • Alan Speight & Dennis Thomas, 1997. "Football league transfers: a comparison of negotiated fees with arbitration settlements," Applied Economics Letters, Taylor & Francis Journals, vol. 4(1), pages 41-44.
    • Handle: RePEc:taf:apeclt:v:4:y:1997:i:1:p:41-44
    DOI: 10.1080/758521830
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    References listed on IDEAS

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    1. White, Halbert, 1980. "A Heteroskedasticity-Consistent Covariance Matrix Estimator and a Direct Test for Heteroskedasticity," Econometrica, Econometric Society, vol. 48(4), pages 817-838, May.
    2. Henry S. Farber & Harry C. Katz, 1979. "Interest Arbitration, Outcomes, and the Incentive to Bargain," ILR Review, Cornell University, ILR School, vol. 33(1), pages 55-63, October.
    3. Barry Reilly & Robert Witt, 1995. "English league transfer prices: is there a racial dimension?," Applied Economics Letters, Taylor & Francis Journals, vol. 2(7), pages 220-222.
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    Cited by:

    1. Domenico Campa, 2022. "Exploring the Market of Soccer Player Registrations: An Empirical Analysis of the Difference Between Transfer Fees and Estimated Players’ Inherent Value," Journal of Sports Economics, , vol. 23(4), pages 379-406, May.
    2. Hans van Ophem & Jeroen Ruijg, 2014. "Determinants of football transfers," UvA-Econometrics Working Papers 14-01, Universiteit van Amsterdam, Dept. of Econometrics.
    3. Herm, Steffen & Callsen-Bracker, Hans-Markus & Kreis, Henning, 2014. "When the crowd evaluates soccer players’ market values: Accuracy and evaluation attributes of an online community," Sport Management Review, Elsevier, vol. 17(4), pages 484-492.
    4. Lukas Richau & Florian Follert & Monika Frenger & Eike Emrich, 2021. "The sky is the limit?! Evaluating the existence of a speculative bubble in European football," Journal of Business Economics, Springer, vol. 91(6), pages 765-796, August.
    5. Roberto Antonietti, 2008. "Il ruolo economico dell’arbitro di calcio: una rassegna della letteratura e alcune questioni aperte," Rivista di Diritto ed Economia dello Sport, Centro di diritto e business dello Sport, vol. 4(3), pages 75-103, Dicembre.
    6. Eberhard Feess & Gerd Muehlheusser, 2003. "The Impact of Transfer Fees on Professional Sports: An Analysis of the New Transfer System for European Football," Scandinavian Journal of Economics, Wiley Blackwell, vol. 105(1), pages 139-154, March.
    7. Müller, Oliver & Simons, Alexander & Weinmann, Markus, 2017. "Beyond crowd judgments: Data-driven estimation of market value in association football," European Journal of Operational Research, Elsevier, vol. 263(2), pages 611-624.
    8. Richau, Lukas & Follert, Florian & Frenger, Monika & Emrich, Eike, 2021. "The Rainmaker?! The impact of investors on transfer fees in the English Premier League," Working Paper 187/2021, Helmut Schmidt University, Hamburg.

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