English football, transfer spending, profit maximisation

Publication date: 6 May 2015 | Publication type: National Institute Economic Review | External authors: Burdekin, R C K, Franklin, M | JEL classification: G15 | Journal: National Institute Economic Review No. 232 Issue May 2015 | Publisher: Sage Publications, London
Transfer spending among English Premier League clubs has increased drastically since the inception of the league, often funded by extremely wealthy owners who began purchasing majority stakes in clubs. Using data from the Deloitte Annual Review of Football Finance, we allow for different tiers of...