December 2022
Intermediate to advanced
186 pages
6h 9m
English
Content preview from The Economics and Finance of Professional Team Sports
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2 LEAGUE STRUCTURE, UNCERTAINTY OF OUTCOME, AND COMPETITIVE BALANCE
Discussing the concept of how a professional sport league is structured may seem basic yet will fundamentally dictate what happens on the field of play. There are many different structural functions of professional sport leagues across multiple sports that define how teams can compete and operate in both a sporting and financial sense. Indeed, as you will see later in the book, financial regulatory frameworks can have a profound effect on sporting competition. The section that follows will go into more detail on the models of professional team and compare the contrasting structures across multiple sports and multiple countries. First, let us turn ...
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