Sports clubs defy the normal rules of markets and won’t bend to a football watchdog
As a native of the town of Rochdale, I follow the fortunes of Rochdale Association Football Club. I am indeed, albeit in a modest way, a shareholder. This investment is unlikely to finance my old age. The team currently sits bottom of the entire Football League, 92nd out of 92 clubs and at risk of […]
World Cup: increasingly random outcomes
The most striking feature of world soccer is that it has become far more egalitarian in terms of performance. The gap between good and bad teams has narrowed dramatically over time. An obvious measure of this is the average number of goals scored each game in the World Cup finals. Large differences in ability will […]
