This timely book provides an engaging, clear view of the interrelationships within key globalization processes and the international sport of football. Intelligently combining the conceptual and methodological aspects of global studies with the specific cultural conditions of the ߢbeautiful game’ Giulianotti and Robertson illuminate its social history and diffusion, as well as wider cultural, economic, political and social dimensions.
Chapter 3: Economics: Neo-Liberalism, Inequalities and Transnational Clubs
Economics: Neo-Liberalism, Inequalities and Transnational Clubs
Since the 1970s, the global football field has undergone rapid commercial transformation. It is increasingly common to hear the game described as ‘the football industry’, thereby reflecting the remarkable growth and scale of its commercial revenues. Annual football-related business was estimated at around ∊250 billion by the year 2000 (Walvin 2001). In the season 2006–7, Europe's football market was valued at ∊13.6 billion, while the ‘Big 5’ leagues (England, France, Germany, Italy, and Spain) generated annual revenues of ∊7.1 billion. In England, the 20 Premier League clubs accrued over ∊2.3 billion in 2006–7, a rise of over 200 per cent on a decade earlier, and around nine times higher than the figure of 1991–2 ...