The organization of European football and the competitive balance within and between nations
In this paper, we try to show that, apart from the negative impact of the Champions League, the growing gap between the Big 5 football countries in Europe and the smaller countries is caused by the deregulation of the European player labour market without deregulating the European football product market. Both the growing competitive balance between and within the national leagues can be restored by opening the European football market. A simple 2 country / 4 club model with quadratic revenue functions is specified to prove this argument.
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