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The Financial Crisis in European Football

Author

Listed:
  • Umberto Lago

    (University of Bologna)

  • Rob Simmons

    (Lancaster University)

  • Stefan Szymanski

    (Imperial College London)

Abstract

Is there currently a crisis in European professional football? Surely there exists a common set of problems afflicting clubs, with negative financial implications for all. Moreover, a crisis in one large club or group of clubs threatens to damage the financial stability of other clubs. This introduction reviews the financial crises in football in several European countries, searches for common explanations of these crises, and proposes a few solutions, ranging from tighter financial regulation to the restructuring of competition, with the aim of easing the financial burden for smaller clubs in particular.

Suggested Citation

  • Umberto Lago & Rob Simmons & Stefan Szymanski, 2006. "The Financial Crisis in European Football," Journal of Sports Economics, , vol. 7(1), pages 3-12, February.
    • Handle: RePEc:sae:jospec:v:7:y:2006:i:1:p:3-12
    DOI: 10.1177/1527002505282871
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    References listed on IDEAS

    as
    1. Andrew Zimbalist, 2003. "Sport as Business," Oxford Review of Economic Policy, Oxford University Press and Oxford Review of Economic Policy Limited, vol. 19(4), pages 503-511, Winter.
    2. John J. Siegfried & Andrew Zimbalist, 2000. "The Economics of Sports Facilities and Their Communities," Journal of Economic Perspectives, American Economic Association, vol. 14(3), pages 95-114, Summer.
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