Paperback: 320 pages
Publisher: Nation Books; First Edition edition (June 2, 2015)
Language: English
ISBN-10: 1568584768
ISBN-13: 978-1568584768
Product Dimensions: 5.4 x 0.9 x 8.2 inches
Shipping Weight: 10.6 ounces (View shipping rates and policies)
Average Customer Review: 4.0 out of 5 stars See all reviews (9 customer reviews)
Best Sellers Rank: #272,694 in Books (See Top 100 in Books) #78 in Books > Business & Money > Industries > Sports & Entertainment > Sports #282 in Books > Sports & Outdoors > Soccer
I found “Money and Soccer” (2015) to be a very well-researched and intelligent book about the professional European soccer business and related economic issues. Szymanski has put years of effort into researching and collecting financial information about the subject and put it together in a lucid way, accessible to a reader with moderate knowledge of finance and economics. The book is fortunately not one of those “debunking” books showing just how smarter academic economists are than the hoi polloi actually running these businesses, but instead is a measured examination of its subject which at times either agrees or disagrees with conventional wisdom. Note that Szymanski doesn’t cover things like Latin American pro football or FIFA national competitions, like the World Cup or Euro Cup. The research spans about fifty years and includes intensive data analysis, with the Premier and other British football leagues receiving particular attention as the English have maintained especially detailed financial records. I have one major conceptual criticism of one of Szymanski’s points, which I will write about below, but I learned much from “Money and Soccer” and found it an excellent effort that anyone with interest in the business of sports will want to read.Szymanski covers the following:1) He finds that soccer leagues everywhere seem to stratify into “superclubs”, sustainably successful middle tier clubs and more marginal clubs. He interestingly makes a telling comparison between the Faroe Island league (didn’t know it existed? Neither did I), which has a dominant club, and Real Madrid and la Liga, pointing out the similarities in the league hierarchies despite the massive differences in money and player quality between the two.
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