Here is a quick fact of a modern Economics of sports
and Athletes
By Malampakacom.blogspot.com reporter
When players of any sports join a franchise, in their minds is to make more money and expand their brands to a global market. Fans become even more passionate and what they want is to see teams they support winning multiple championships.
Currently teams are categorized as small, medium and larger markets. Size of the teams market is measured by its match TV ratings, YouTube hits, internet search hits, number of jerseys pre-sold per year, Size and value of fixed assets, number of global recognized players in the franchise, etc.
How about when David Beckham joined Real Madrid (one of the largest sports franchise in the world) from Manchester United, it was a shocker. How about Thiery Henry, Cesc Fabrigas, Marc Overmars and Emanuel Petit left Arsenal FC (medium Market) at different times left Arsenal FC and joined Barcelona Football (Large markets)?
By the way, I still cannot believe Andy Carrol left Newcastle FC for Liverpool FC while the same unbelievable move is that one of Manchester United sweet-heart Mr Ronaldo who left for Real Madrid so as to make more money?
I am a diehard Arsenal fan, (I want somebody to pinch me) still cannot believe Robin Van Persie has just left the club to our rivals (Manchester united) who are a bigger market than my Arsenal. It is a business though, and very well executed to be fair, would have done the same if I was an Arsenal executive. The Club has earned lots of money that can help future building of the team. Fans, we can cry while executives are popping multiple bottles of champagnes. Making it rain, they say. Manchester United has taken a huge gamble, given the fact that Van Persie is always injured and not real marketable personality. Anyways, the winner will be revealed in the long-run.
That’s the Economics of sports and Franchises these days. Players demand more money, or go somewhere else where they get a bigger cheque and enough bags of money. While the executives say, give me two players plus some money and I will give you my superstar player. That simply means, listing a franchise superstar in the market to gain more players or even more money for the franchise.
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