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dc.contributor.authorMorrow, Stephenen_UK
dc.contributor.editorHughson, Johnen_UK
dc.contributor.editorMoore, Kevinen_UK
dc.contributor.editorSpaaij, Ramónen_UK
dc.contributor.editorMaguire, Josephen_UK
dc.description.abstractThe last twenty five years or so have seen an extraordinary transformation in the business and revenues of elite professional football throughout Europe. By 2011 club income had reached a record aggregate level of €13.2bn, while over the five year period from 2007, club revenue grew at an aggregate rate of 5.6%pa; this at a time when the average growth rate in Europe’s economies was 0.5% (UEFA, 2013). As has been well documented media companies have acted as a catalyst in this transformation. The English Premier League (EPL) has led the way: its three-year domestic rights deal with BSkyB and BT which began in season 2013/14 is worth £3.2bn pa - a 71% increase on the previous deal - with a further £2m approximately from overseas rights. By way of contrast the annual rights fee in 1992/93, the first season of the EPL, was £42.8m. Continued growth in broadcasting income is apparent in other countries too, most notably Germany where its domestic rights deal, also effective from 2013/14, is worth €2.5bn over four seasons; the annual rights of €628m representing a 52% increase on the previous deal of €412m (EPFL, 2012). This rapid escalation of rights has had a transformative effect on the structure and organisation of domestic leagues like the EPL and transnational competitions like the UEFA Champions’ League, as well as on the financial relationship between league and competition organisers and clubs.en_UK
dc.relationMorrow S (2017) Football, economics and finance. In: Hughson J, Moore K, Spaaij R & Maguire J (eds.) Routledge Handbook of Football Studies. Routledge International Handbooks. Abingdon: Routledge, pp. 163-176.
dc.relation.ispartofseriesRoutledge International Handbooksen_UK
dc.rightsThis is an Accepted Manuscript version of the following book chapter, accepted for publication in Hughson J, Moore K, Spaaij R & Maguire J (eds.) Routledge Handbook of Football Studies. Routledge International Handbooks. Abingdon: Routledge, pp. 163-176.
dc.subjectfootball finance, economics of footballen_UK
dc.titleFootball, economics and financeen_UK
dc.typePart of book or chapter of booken_UK
dc.type.statusAM - Accepted Manuscripten_UK
dc.citation.btitleRoutledge Handbook of Football Studiesen_UK
dc.subject.tagFootball Financeen_UK
rioxxterms.apcnot requireden_UK
rioxxterms.typeBook chapteren_UK
local.rioxx.authorMorrow, Stephen|0000-0002-3721-5019en_UK
local.rioxx.projectInternal Project|University of Stirling|
local.rioxx.contributorHughson, John|en_UK
local.rioxx.contributorMoore, Kevin|en_UK
local.rioxx.contributorSpaaij, Ramón|en_UK
local.rioxx.contributorMaguire, Joseph|en_UK
local.rioxx.filenameFS draft 230415.pdfen_UK
Appears in Collections:Faculty of Health Sciences and Sport Book Chapters and Sections

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