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The Economics Of “Big Five” European Football Leagues


  • Teodor DIMA

    () (Department of International Business and Economics, Bucharest University of Economic Studies)


European football is a business with more and more attractive numbers for investors, shareholders or partners all over the planet. It has significantly changed especially over the last 20 years, following an intense procedure of acquisitions and marketing, a process that has brought important sums of money in this industry. This paper presents the overview of the “big five” European football leagues (England, Germany, Spain, Italy, France). The study is primarily focused on economics, but is also considering various social or cultural aspects (media, social media followers). The case-study on the five major leagues corroborates the theoretical underpinning. The paper investigates also the roots of financial regulation divergence in Europe and underlines the main issues regarding the UEFA financial fair-play rules.

Suggested Citation

  • Teodor DIMA, 2015. "The Economics Of “Big Five” European Football Leagues," CES Working Papers, Centre for European Studies, Alexandru Ioan Cuza University, vol. 7(2a), pages 434-442, September.
  • Handle: RePEc:jes:wpaper:y:2015:v:7:i:2a:p:434-442

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    References listed on IDEAS

    1. Madden, Paul, 2012. "Fan welfare maximization as a club objective in a professional sports league," European Economic Review, Elsevier, vol. 56(3), pages 560-578.
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    Cited by:

    1. Eremin, G., 2018. "Analysis of Factors Influencing the Pricing of Transfers in European Professional Football," Journal of the New Economic Association, New Economic Association, vol. 40(4), pages 174-183.

    More about this item


    economic outlook; football leagues; financial fair play; social media;

    JEL classification:

    • L83 - Industrial Organization - - Industry Studies: Services - - - Sports; Gambling; Restaurants; Recreation; Tourism
    • M21 - Business Administration and Business Economics; Marketing; Accounting; Personnel Economics - - Business Economics - - - Business Economics
    • J31 - Labor and Demographic Economics - - Wages, Compensation, and Labor Costs - - - Wage Level and Structure; Wage Differentials


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