Transatlantic Sport

Transatlantic Sport

The Comparative Economics of North American and European Sports

Edited by Carlos Pestana Barros and Muradali Ibrahímo

This book offers a comparative perspective on the economics of sport and highlights both the similarities and differences in the North American and European models of sport. It tackles policy issues, such as the organising, financing and regulation of team sports alongside theoretical issues regarding income redistribution and competitive balance. It also evaluates the impact of sport and sports events on local communities and the wider economy providing a useful contrast of methods and results on the two continents.

Chapter 9: Sports policy at regional level: estimating the economic value of amateur sports managers

Carlos Pestana Barros and Jaime Lucas

Subjects: economics and finance, sports


9. Sports policy at regional level: estimating the economic value of amateur sports managers Carlos Pestana Barros and Jaime Lucas 1. INTRODUCTION The provision to the community of sport, which constitutes an imperfect public good, is made mainly through clubs. These are, for the most part, non-profit oriented organisations, which provide attendance events for individuals as well as participation for professional and non-professional sportsmen and women. Sloane (1971), in asserting that sports managers maximise the utility of winning competitions, proposes the non-profit nature of the sport clubs. This proposition is supported in Europe, where the clubs frequently operate with deficits. In the USA, Quirk and El-Hodiri (1974) consider that sports clubs are profit maximisers, while more recently, Vrooman (2000) posited an intermediate position in which the sports managers maximise both profit and the utility of winning. We observe that, on one hand, profit-oriented organisations are always managed by professionals, while on the other hand, the non-profit-oriented clubs are managed either by professionals or amateurs. In Portugal, a recent development has seen the shares of the three largest professional football clubs listed on the stock market. However, up till now, the remainder of the country’s clubs of all sports have shown no indication of following this trend. The latter clubs are currently managed by amateurs, who usually do not receive any payment for their efforts and who are commonly obliged to fund any occasional deficit. The non-profit nature of these sports...

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