Economic theory can offer a lesson to struggling football clubs
The expulsion of Bury FC from the English Football League last week continues to generate a huge amount of sound and fury. Regardless of the apparently dodgy nature of some of Bury’s transactions, the simple fact is that the club overspent massively in order to gain promotion from League Two last season. The surge […]
Money talks in football, but all incumbents are displaced eventually
The Premier League season opens on Friday against a background of stratospheric transfer deals, with Paris Saint Germain capturing the Barcelona striker Neymar for a world record €222m. With the exception of Cristiano Ronaldo’s transfer from Manchester United to Real Madrid in 2009, all the top 10 most expensive player deals ever have taken place […]
Popular culture is the driving force of inequality
The Oscars have come and gone for another year. Winning an Oscar is very often the basis for either making a fortune, or turning an existing one into mega riches. Jack Nicholson has an estimated worth of over $400 million, and stars like Tom Hanks and Robert de Niro are not far behind. Even winners […]
