Price discrimination in the English premier league
Price discrimination in the English premier league
Many scholars have described football as a global game or as a global language. In my opinion, football is the easiest sport to be part of in the world. Every child from different class groups is eager to play football, whether it is on the streets or on a world-class field with amazing equipment. As a child you do not see the economic side of football. You just want to play the game and it becomes a part of your livelihood. As you grow older, things get clearer in your mind and you start analyzing the impact it has in the economy. For many years, the world cup has brought jewels of wealth to the economy due to mass participation. “It gives them an opportunity to offer foreigners a window into their world and stimulate the development of football domestically.” (Szymanski, S. 2002). There is always a hope that the World Cup would bring substantial economic growth to the host nation that has generally struggled for the past decade. The 2002 World Cup in South Korea is a very good example of how economic growth can occur during and after the World Cup. In various countries, the football clubs that exist have caused a significant change of economic structure. When Roman Abramovich, Russian billionaire and major shareholder of a private investment company Millhouse LLC, took over Chelsea football club, he transformed them into one of the top teams in the world. Even with all the considerable amounts of luxury football clubs have from private owners, there is still always two sides to a coin. Football player’s wages in the premier league are enormous, even after the economic gloom and inflation gripping Britain. There has been a disproportionate raise in ticket prices of various English premiership clubs that has lead to price discrimination to the loyal and passionate fans of football.
Due to the popularity of the English premier league, there has been an increasing demand of spectators. The clubs are forming a
Many scholars have described football as a global game or as a global language. In my opinion, football is the easiest sport to be part of in the world. Every child from different class groups is eager to play football, whether it is on the streets or on a world-class field with amazing equipment. As a child you do not see the economic side of football. You just want to play the game and it becomes a part of your livelihood. As you grow older, things get clearer in your mind and you start analyzing the impact it has in the economy. For many years, the world cup has brought jewels of wealth to the economy due to mass participation. “It gives them an opportunity to offer foreigners a window into their world and stimulate the development of football domestically.” (Szymanski, S. 2002). There is always a hope that the World Cup would bring substantial economic growth to the host nation that has generally struggled for the past decade. The 2002 World Cup in South Korea is a very good example of how economic growth can occur during and after the World Cup. In various countries, the football clubs that exist have caused a significant change of economic structure. When Roman Abramovich, Russian billionaire and major shareholder of a private investment company Millhouse LLC, took over Chelsea football club, he transformed them into one of the top teams in the world. Even with all the considerable amounts of luxury football clubs have from private owners, there is still always two sides to a coin. Football player’s wages in the premier league are enormous, even after the economic gloom and inflation gripping Britain. There has been a disproportionate raise in ticket prices of various English premiership clubs that has lead to price discrimination to the loyal and passionate fans of football.
Due to the popularity of the English premier league, there has been an increasing demand of spectators. The clubs are forming a