Main Article Content

Benito Pérez-González
Universidad Isabel I
Spain
http://orcid.org/0000-0002-6191-2885
Luis de la Riva
Universidad Europea de Madrid
Spain
José Bonal
Universidad Europea de Madrid
Spain
Alvaro Fernández-Luna
Universidad Europea de Madrid
Spain
Vol. 9 No. 2 (2020), Articles, pages 170-180
DOI: https://doi.org/10.17979/ejge.2020.9.2.5953
Submitted: Jan 23, 2020 Accepted: May 25, 2020 Published: Jul 24, 2020
Copyright How to Cite

Abstract

The purpose was to analyse the income variation of the 13 top clubs of Deloitte Football Money League Report (2019) as well as the variation of the perceived value of their squad, obtained from the website www.transfermarkt.es during 9 seasons. Friedman's two-way analysis by ranges of selected samples and Wilcoxon W tests were used to measure the evolution and relation among the clubs’ income and perceived value of players. The income of clubs was deflected according to inflation (CPI: 2016) and market value was adjusted to a 20 players squad. Market value and income have a significant positive variation from one year to the next (p = .000). We found differences between both variables only in the last 2 years on the period analysed (2011-2019). Market value has suffered an increase higher than expected. This fact should make football managers reflect on how to control constant inflation in the transfer market.

Downloads

Download data is not yet available.

Article Details

References

Buraimo, B., Frick, B., Hickfang, M., and Simmons, R. (2015). The Economics of Long-term Contracts in the Footballers' Labour Market. Scottish Journal of Political Economy, 62(1). https://doi.org/10.1111/sjpe.12064

Castillo, D., Pérez-González, B., Raya-González, J., Fernández-Luna, Á., Burillo, P., and Lago-Rodríguez, Á. (2019). Selection and promotion processes are not associated by the relative age effect in an elite Spanish soccer academy. Plos One, 14(7), e0219945. https://doi.org/10.1371/journal.pone.0219945

Deloitte (2011). Football Money League 2011: The untouchables. Retrieved from https://www2.deloitte.com/content/dam/Deloitte/uk/Documents/sports-business-group/deloitte-uk-deloitte-football-money-league-2011.pdf

Deloitte (2012). Football Money League 2012: Fan power. Retrieved from https://www2.deloitte.com/content/dam/Deloitte/uk/Documents/sports-business-group/deloitte-uk-deloitte-football-money-league-2012.pdf

Deloitte (2013). Football Money League 2013: Captains of industry. Retrieved from https://www2.deloitte.com/content/dam/Deloitte/uk/Documents/sports-business-group/deloitte-uk-deloitte-football-money-league-2013.pdf

Deloitte (2014). Football Money League 2014: All to play for. Retrieved from https://www2.deloitte.com/content/dam/Deloitte/uk/Documents/sports-business-group/deloitte-uk-deloitte-football-money-league-2014.pdf

Deloitte (2015). Football Money League 2015: Commercial breaks, from https://www2.deloitte.com/content/dam/Deloitte/uk/Documents/sports-business-group/deloitte-football-money-league-2015.PDF

Deloitte (2016). Football Money League 2016: Top of the table. Retrieved from https://www2.deloitte.com/content/dam/Deloitte/uk/Documents/sports-business-group/uk-deloitte-sport-football-money-league-2016.pdf

Deloitte (2017). Football Money League 2017: Planet Football. Retrieved from https://www2.deloitte.com/content/dam/Deloitte/uk/Documents/sports-business-group/deloitte-uk-sport-football-money-league-2017.pdf

Deloitte (2018). Football Money League 2018: Rising Stars. Retrieved from https://www2.deloitte.com/content/dam/Deloitte/uk/Documents/sports-business-group/deloitte-uk-sbg-dfml2018.pdf

Deloitte (2019). Football Money League 2019: Bullseye. Retrieved from https://www2.deloitte.com/uk/en/pages/sports-business-group/articles/deloitte-football-money-league.html

Fort, R. (2019). Diferencias entre el deporte europeo y el norteamericano: una mirada retrospectiva. Papeles de Economía Española, Deporte y Economía 159(abril), 61-71.

García del Barrio, P., and Szymanski, S. (2009). Goal! Profit maximization and win maximization in football leagues. Review of Industrial Organization, 34(1), 45-68. https://doi.org/10.1007/s11151-009-9203-6

García del Barrio, P., and Tena Horrillo, J. d. D. (2019). Inversión en talento y visibilidad mediática: un estudio del fútbol profesional en Europa. Papeles de Economía Española, Deporte y Economía 159(abril), 165-179.

Hall, S., Szymanski, S., and Zimbalist, A. S. (2002). Testing Causality Between Team Performance and Payroll: The Cases of Major League Baseball and English Soccer. https://doi.org/10.1177/152700250200300204

Herm, S., Callsen-Bracker, H. M., and Kreis, H. (2014). When the crowd evaluates soccer players’ market values: Accuracy and evaluation attributes of an online community. Sport Management Review, 17(4), 484-492. https://doi.org/10.1016/j.smr.2013.12.006

Késenne, S. (2015). The optimal competitive balance in a sports league? In P. Rodríguez, S. Késenne and R. Koning (Eds.), The Economics of Competitive Sports (pp. 85-92). Glos/Massachusetts: Edward Elgar Publishing.

Késenne, S. (2019). ¿Cómo puede mejorarse el balance competitivo? Papeles de Economía Española, Deporte y Economía 159(abril), 32-42. https://doi.org/10.4337/9781783474769.00013

Kuper, S., and Szymanski, S. (2014). Soccernomics. London: HarperCollins.

Lago, U., Simons, R., and Szymanski, S. (2006). The Financial Crisis in European Football: An Introduction. Journal of Sports Economics, 7(1), 3-12. https://doi.org/10.1177/1527002505282871

Lorenz, J., Rauhut, H., Schweitzer, F., and Helbing, D. (2011). How social influence can undermine the wisdom of crowd effect. Proceedings of the National Academy of Sciences, 108, 9020-9025. https://doi.org/10.1073/pnas.1008636108

Mareque, M., Barajas, A., and López-Corrales, F. (2018). The Impact of Union of European Football Associations (UEFA) Financial Fair Play Regulation on Audit Fees: Evidence from Spanish Football. International Journal of Financial Studies, 6(4), 92. https://doi.org/10.3390/ijfs6040092

Müller, O., Simons, A., and Weinmann, M. (2017). Beyond crowd judgments: Data-driven estimation of market value in association football. European Journal of Operational Research, 263(2), 611-624. https://doi.org/10.1016/j.ejor.2017.05.005

Palacios-Huerta, I. (2019). Tras la senda de Galileo: deporte como economía. Papeles de Economía Española, Deporte y Economía 159(abril), 12-31.

Pawlowski, T., Breuer, C., and Hovemann A. Top clubs’ performance and the competitive situation in European domestic football competitions. Journal of Sports Economics, 11, 186-202. https://doi.org/10.1177/1527002510363100

Peeters, T. (2018). Testing the Wisdom of Crowds in the field: Transfermarkt valuations and international soccer results. International Journal of Forecasting, 34(1), 17-29. https://doi.org/10.1016/j.ijforecast.2017.08.002

Pérez-González, B. (2017). La resistencia a la regresión a la media. El caso del Atlético de Madrid, campeón en eficiencia económica desde 2014 / The resistence to regression toward the mean. The case of Atlético de Madrid, leader in economic efficiency since 2014. Journal of Sport and Health Research, 9(3), 357-368.

Plumley, D., Ramchandani, G. M., and Wilson, R. (2019). The unintended consequence of Financial Fair Play: an examination of competitive balance across five European football leagues. Sport, Business and Management, 9, 118-133. https://doi.org/10.1108/SBM-03-2018-0025

Rodríguez, P. (2012). La economía del deporte. Estudios de Economía Aplicada, 30(2), 387-418. https://doi.org/10.25115/eea.v30i2.3533

Sánchez, L. C., Barajas, Á., and Sánchez-Fernández, P. (2019). Finanzas del deporte: fuentes de ingreso y regulación financiera en el fútbol europeo. Papeles de Economía Española, Deporte y Economía 159(abril), 180-199.

Simmons, R., and Berri, D. (2019). Los mercados de trabajo en el deporte de equipo profesional. Papeles de Economía Española, Deporte y Economía 159(abril), 148-164.

Solberg, H. A. (2016). The Battle for Media Rights. In U. Wagner, R. S. Storm and K. Nielsen (Eds.), European Club Football. When Sport Meets Business: Capabilities, Challenges, Critiques (pp. 92-107): Sage. https://doi.org/10.4135/9781473984226.n7

Szymanski, S. (2015). Money and Football: A Soccernomics Guide (INTL ed): Why Chievo Verona, Unterhaching, and Scunthorpe United Will Never Win the Champions League, Why Manchester City, Roma, and Paris St. Germain Can, and Why Real Madrid, Bayern Munich, and Manchester United Cannot Be Stopped. Bold Type Books.

Szymanski, S. (2019). Dominio y apuros. Papeles de Economía Española, Deporte y Economía 159(abril), 92-108.

Terviö, M. (2010). Transfer Fee Regulations and Player Development. Journal of the European Economic Association, 4(5), 957-987. https://doi.org/10.1162/JEEA.2006.4.5.957

Torgler, B., and Schmidt, S. L. (2007). What shapes player performance in soccer? Empirical findings from a panel analysis. Applied Economics, 39(18), 2355-2369. https://doi.org/10.1080/00036840600660739

Transfermarkt. (2019) Retrieved Marzo, 2019, from https://www.transfermarkt.com/

Varela-Quintana, C., and Del Corral, J. (2019). Economía del comportamiento en el deporte. Papeles de Economía Española, Deporte y Economía 159(abril), 72-89.