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The paper presents two building blocks for elaborating on a disequilibrium economics model that fits with empirical evidence of a European team sport (soccer) league where teams are win-maximizing and operate under a soft budget constraint. Going beyond the standard equilibrium model justifies...
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Despite the globalisation of European soccer, each professional league exhibits specificities. French Ligue 1 sometimes contends with the trading-off of financial performance against sporting performance of its teams in European soccer competitions, and its inner auditing body, the Direction...
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, we discuss how much monopoly is unavoidable in premier-level European football and how its powers can be limited and …
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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 …
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