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What is European soccer’s recipe for success? Money.
– macleans.ca
MONEY AND SOCCERStefan Szymanski
North American conservatives and Real Madrid fans alike can rest at ease. Money and Soccer is not a salvo from the sidelines of a sport viewed by NFL-loving Americans as vaguely socialist; nor is it the equivalent of baseball’s Moneyball, which offered a recipe for low-budget clubs to outcompete the world’s richest teams. Marshalling a staggering amount of data, Szymanski has a clear message: It takes money to become champions—lots and lots of it. In North America, professional hockey and football leagues aspire for some sort of parity. In European soccer, there are no salary caps or draft picks. It is the rich against the richest.
In fact, it’s arguably hard to find a more purely capitalist sport right now, and Szymanski, a professor at the University of Michigan and co-author of the bestselling Soccernomics, gets into the finer details of the business of soccer: funding a new stadium (Arsenal’s cost more than $10,000 per seat), why so many clubs run into debt problems, and how many teams—even those in the top league—go bankrupt…
What is European soccer’s recipe for success? Money.
– macleans.ca
MONEY AND SOCCERStefan Szymanski
North American conservatives and Real Madrid fans alike can rest at ease. Money and Soccer is not a salvo from the sidelines of a sport viewed by NFL-loving Americans as vaguely socialist; nor is it the equivalent of baseball’s Moneyball, which offered a recipe for low-budget clubs to outcompete the world’s richest teams. Marshalling a staggering amount of data, Szymanski has a clear message: It takes money to become champions—lots and lots of it. In North America, professional hockey and football leagues aspire for some sort of parity. In European soccer, there are no salary caps or draft picks. It is the rich against the richest.
In fact, it’s arguably hard to find a more purely capitalist sport right now, and Szymanski, a professor at the University of Michigan and co-author of the bestselling Soccernomics, gets into the finer details of the business of soccer: funding a new stadium (Arsenal’s cost more than $10,000 per seat), why so many clubs run into debt problems, and how many teams—even those in the top league—go bankrupt…
