Edited by John Goddard and Peter Sloane
Chapter 17: English professional football
This chapter provides an economic analysis of English football, examining the development of professional football since its foundation in 1888 and subsequent stability and change. The drivers of these developments have been both ‘exogenous’ and ‘endogenous’. The former are associated with shifts in the emphasis of the economic regulation of sport that followed from changes in the emphasis of economic regulation generally. Consequences followed for football because sport, in general, was perceived increasingly as an economic activity. The latter, endogenous, changes resulted from the responses of the football industry to these exogenous changes, with a consequent growth in market-driven behaviour. To explore these issues in some detail, section 17.2 provides a brief outline of the historical development of English Football. Section 17.3 briefly provides an analytical framework for understanding the key components of the economic system for football. Section 17.4 examines each of these components in more detail to investigate how and why change has taken place. The chapter concludes in section 17.5.
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