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Football Clubs: Businesses or Social Institutions?

In: The People’s Game?

Author

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  • Stephen Morrow

Abstract

The financial transformation of football in the last decade or so has been extraordinary, manifesting itself in so many aspects of football — player wages, ownership structures, distribution of income, stadium developments, ticket prices and so on. However, as is discussed in different contexts throughout this book, how football, or more accurately, football’s constituencies or stakeholders, should respond to this ongoing economic transformation remains a contested area. As a business, it could be argued that football’s direction and decision making should now be a function of market economics, with an unfettered market approach being adopted to issues like league structure, distribution of revenues and so on, with the emphasis on business objectives like shareholder value, profit and market share. In practice, it has been argued that the way in which English football responded to the stadium safety requirements of the Taylor Report (Home Office, 1990) demonstrated precisely this unfettered application of free market principles (King, 1997).

Suggested Citation

  • Stephen Morrow, 2003. "Football Clubs: Businesses or Social Institutions?," Palgrave Macmillan Books, in: The People’s Game?, chapter 2, pages 43-73, Palgrave Macmillan.
    • Handle: RePEc:pal:palchp:978-0-230-28839-3_3
    DOI: 10.1057/9780230288393_3
    as

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