Category: Money

Category: Money Third-party ownership in the football industry

Third-party ownership (TPO) of football players (Chadwick & Hamil, 2009; Reck & Geey, 2011; Robatinho, 2014) is an emerging phenomenon in the international football industry (Baroncelli, 2004; Dobson, Goddard, 2001; Kesenne, 2007); it is recognised in different ways depending on the perspective adopted by the parties involved in its utilisation. First of all, TPO in the football industry can be observed as a financial instrument through which third parties – such as investment funds, public agents or private investors – acquire a share of a footballer’s rights. This instrument helps clubs in the acquisition of young footballers and guarantees economic earnings to third parties. In other words, TPO of footballers (Capasso and Rossi, 2013) is a useful instrument to reduce the financial requirements of football clubs in the acquisition of professional football players’ rights, though there is no common regulation among countries and federations at the international level. Thus, TPO

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Category: Money 2018 World Cup Russia: Heading towards excesses

Yet another expenditure record While the heart-stopping finish of the World Cup preparations is keeping the world’s eyes on Brazil, troubles are quietly brewing in the next host country. The paint is barely dry on Russia’s Winter Olympics facilities, but the nation is already gearing up to host the next mega-event. As with Sochi, which cost at least US$51 billion, the 2018 FIFA World Cup is en route to becoming the most expensive ever. A 2013 government act (Postanovlenie 518) fixed the minimum budget at $21 billion (660 billion rubles) – and that’s just for hosting the event. As the Chairman of the Organising Committee, Igor Shuvalov, remarked: “We have trimmed absolutely everything. There is nothing obsolete, not a single obsolete object. [We have kept in the budget] only what is associated with the World Cup”. Yet, even this bare bones event comes in at almost double the current estimated

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Category: Money The demographic polarisation of European football

In Europe, the profile of players in first division football teams greatly varies from one country to another. This article highlights the existence of functional demographic hierarchies between leagues of differing economic levels. Methodology The demographic analysis of teams of the principal European championships is based on the census carried out since 2009 by the CIES Football Observatory on the 1st of October of each year. In 2012, the study covered 473 clubs, 31 leagues and 11,631 footballers. An excerpt of the Demographic Study 2013 is available here (http://www.football-observatory.com/-Publications,18-). To be taken into account, a footballer must have played at least one match since the start of the season or, if not the case, he must have played matches in adult championships during each of the two preceding seasons. In order to determine the economic level of the championships covered by the census, we referred to the statistics on the

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