Franck, Egon - In: Comparative economic studies in Europe : a thirty year …, (pp. 413-437). 2021
In the past European club football provided a textbook example of the "soft budget constraints phenomenon" initially … discriminates against true entrepreneurs wishing to develop mismanaged football clubs into sustainable businesses. Voluntary … quality is only slowly remunerated by the football markets. The fact that not a single Voluntary Agreement has been signed …
