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Professional Team Sports and the Soft Budget Constraint

Editor

Listed:
  • Rasmus K. Storm
  • Klaus Nielsen
  • Zsolt Havran

Abstract

Exploring why professional team sport clubs are almost always able to survive despite financial mismanagement, inflated player salaries and persistent deficits, this book provides new evidence on how to explain this phenomenon. It looks at the context in which many clubs operate – the soft budget constraint – and how the clubs in this respect resemble state-owned enterprises in socialist countries or big banks in financial crises.

Individual chapters are listed in the "Chapters" tab

Suggested Citation

  • Rasmus K. Storm & Klaus Nielsen & Zsolt Havran (ed.), 2022. "Professional Team Sports and the Soft Budget Constraint," Books, Edward Elgar Publishing, number 20206.
  • Handle: RePEc:elg:eebook:20206
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    File URL: https://www.elgaronline.com/view/book/9781800375994/9781800375994.xml
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    Keywords

    Economics and Finance;

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