The authors analyze the financial situation of the Spanish football industry. They first argue that a relevant analysis of the industry's financial results relies on a careful description of how historical and cultural factors have influenced its organization. Moreover, they stress the important relationship between the industry and television. The authors suggest that the situation of the Spanish football industry suffers from some structural weaknesses in its accounts. However, the situation seems less severe than in other major European football leagues, partly because local authorities in Spain have strong incentives to back football teams.
Garcia, J., & Rodriguez, P. (2003, May). TV revenues in Spanish football: Old solution, new problems. Paper presented at Congreso Mundial de Gestion Economica del Deporte, Barcelona. Available at http://www.sportcongress.org/Ponencias/Garc%EDa%20Villar.PDF
2.
Neale, W. C. (1964). The peculiar economics of professional sports. Quarterly Journal of Economics, 78, 1-14.
3.
A political game. (2002, May 30). The Economist. Available at http://www.economist.com/surveys/displaystory.cfm?story_id=1142911
4.
Rosen, S. (1981). The economics of superstar. American Economic Review, 71, 845-858.
5.
Rottenberg, S. (1956). The baseball players' labor market. Journal of Political Economy, 64, 242-258.
6.
Sloane, P. (1971). The economics of professional football: The football club as utility maximiser. Scottish Journal of Political Economy, 17, 121-146.
7.
Szymanski, S., & Smith, R. (1997). The English football industry: Profit, performance and industrial structure. International Review of Applied Economics, 11, 135-153.
