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The proponents of the European Football Super League have switched from a proposal suggesting that permanent members self-govern their (almost) closed competition to a proposal maintaining the concept of self-governance by the participating clubs but now advocating participation on the basis of sporting merit. Can self-governance be realistically introduced at the top of the football pyramid without closing this top? The paper explains why this is not the case and how the new proposal is a closed league in disguise, which is likely to trigger the same value creation problems as an openly closed league

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  • Egon Franck

    (Department of Business Administration, University of Zurich)

Abstract

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  • Egon Franck, 2024. "The proponents of the European Football Super League have switched from a proposal suggesting that permanent members self-govern their (almost) closed competition to a proposal maintaining the concept," Working Papers 403, University of Zurich, Department of Business Administration (IBW).
    • Handle: RePEc:zrh:wpaper:403
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    References listed on IDEAS

    as
    1. Bizzozero, Paolo & Flepp, Raphael & Franck, Egon, 2016. "The importance of suspense and surprise in entertainment demand: Evidence from Wimbledon," Journal of Economic Behavior & Organization, Elsevier, vol. 130(C), pages 47-63.
    2. Williamson, Oliver E, 1979. "Transaction-Cost Economics: The Governance of Contractural Relations," Journal of Law and Economics, University of Chicago Press, vol. 22(2), pages 233-261, October.
    3. Roger G. Noll, 2003. "The Organization of Sports Leagues," Oxford Review of Economic Policy, Oxford University Press and Oxford Review of Economic Policy Limited, vol. 19(4), pages 530-551, Winter.
    4. Thomas Hoehn & Stefan Szymanski, 2010. "The Americanization of European football," Palgrave Macmillan Books, in: Football Economics and Policy, chapter 3, pages 52-96, Palgrave Macmillan.
    5. Jeffrey Ely & Alexander Frankel & Emir Kamenica, 2015. "Suspense and Surprise," Journal of Political Economy, University of Chicago Press, vol. 123(1), pages 215-260.
    6. Stefan Szymanski, 2010. "The Economic Design of Sporting Contests," Palgrave Macmillan Books, in: The Comparative Economics of Sport, chapter 1, pages 1-78, Palgrave Macmillan.
    7. Egon Franck, 2014. "Financial Fair Play in European Club Football: What Is It All About?," International Journal of Sport Finance, Fitness Information Technology, vol. 9(3), pages 193-217, August.
    Full references (including those not matched with items on IDEAS)

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    More about this item

    Keywords

    Outcome Bias; European Football Super League; Self-governance; Closed leagues;
    All these keywords.

    JEL classification:

    • D02 - Microeconomics - - General - - - Institutions: Design, Formation, Operations, and Impact
    • D23 - Microeconomics - - Production and Organizations - - - Organizational Behavior; Transaction Costs; Property Rights
    • D71 - Microeconomics - - Analysis of Collective Decision-Making - - - Social Choice; Clubs; Committees; Associations
    • L83 - Industrial Organization - - Industry Studies: Services - - - Sports; Gambling; Restaurants; Recreation; Tourism

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