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The Financial Crisis and English Football: The Dog That Will Not Bark

Author

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  • Stefan Szymanski

    () (City University London)

Abstract

This paper considers the financial crisis of 2008 and its likely impact on English football, notably the English Premier League. It mostly examines the history of financial instability and sporting stability, in the sense of club survival, that is characteristic of English football and possibly much of football in the rest of the world. The paper suggests that while shareholders often lose money, clubs seldom disappear. It also suggests that while clubs are not immune to economic cycles, the impact is likely to be limited. The reasons for the financial instability of particular clubs and stability and success of the English leagues are discussed.

Suggested Citation

  • Stefan Szymanski, 2010. "The Financial Crisis and English Football: The Dog That Will Not Bark," International Journal of Sport Finance, Fitness Information Technology, vol. 5(1), pages 28-40, February.
  • Handle: RePEc:jsf:intjsf:v:5:y:2010:i:1:p:28-40
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    Keywords

    financial crisis; football clubs;

    JEL classification:

    • L83 - Industrial Organization - - Industry Studies: Services - - - Sports; Gambling; Restaurants; Recreation; Tourism

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