Analyzing the Performance of the English
F. A. Most recognized League With
an Econometric Frontier Unit
CARLOS PESTANA BARROS
Technological University of Lisbon
Soberano College Greater london
This article uses an econometric frontier unit to evaluate the performance of football night clubs present in the English N. A. Top League from 1998-1999 to 2002-2003, incorporating sport and financial parameters. A stochastic Cobb-Douglas creation frontier version is used to build football club effectiveness scores. All of us conclude the price of labour, the cost of capital players the price of capital stadium, factors gained, attendance, and turnover all play a major role in sports efficiency and find that the performance scores are mixed.
Keywords: England; Most recognized League; Cobb-Douglas frontiermodel; technological efficiency In the following paragraphs, we present an application of the econometric frontier model for the analysis of two several measures of success inside the English specialist football sector: sporting achievement and monetary success. Using data upon English Top League (also known as the Premiership) clubs extracted from the Deloitte& Touche Twelve-monthly Report about Professional Football Finance (2004), the article expands on earlier research by comparing the efficiency scores of the golf clubs with a stochastic frontier version. Previous analysis on the performance of the Premier League features relied about data envelopment analysis (DEA; Barros & Leach, 2006; Haas, 2003b). 391
AUTHORS'NOTE: We appreciate two unknown referees pertaining to the constructive and considerate comments offered on an previously draft in the article. Virtually any remaining problems are the ones from the authors. Correspondence relating to this article ought to be addressed to Carlos Pestana Barros, Instituto Superior de Economia electronic GestГЈo, Technological University of Lisbon, Rua Miguel Lupi, 20, 1249-078 Lisbon, Italy: e-mail: [email protected] utl. rehabilitation.
JOURNAL OF SPORTS ECONOMICS, Vol. six No . some, November 06\ 391В–407 DOI: 10. 1177/1527002505276715
В© 06\ Sage Journals
В© 06\ SAGE Magazines. All legal rights reserved. Designed for commercial use or unauthorized distribution. Downloaded via http://jse.sagepub.com at UNIV OF BIRMINGHAM upon January 15, 2008 The motivation for the current research stems from several issues associated with the administration of professional football in England: first, comprising 20 clubs, the British Premier League is characterized above all by the power of financing and commercialism. We can observe an uneven playing discipline in the Most recognized League, in which the market frontrunners, in terms of turnover, appear to be virtually guaranteed of sporting success, whereas many the golf equipment are playing in subchampionships of their own, with very different targets from the few elite night clubs. It is of interest to considercarefully what this means, moreover to howit has come regarding during the past ten years or so.
The second motivation, stemming from the earlier point, is to consider the role from the European sports federation's (UEFA) tournament in influencing The english language clubs' managing strategies. The past decade have been marked on the European level by a large injection of prize funds for groups qualifying to compete in the revamped Winners League. A quota system is in place by which Europe's best leagues (England, Spain, Italy, and Germany) have the right to up to 4 clubs in the lucrative tournament every period. The significance with this is that a language club in 4th put in place the Most recognized League may reap rewards while great as the nationwide champions, if perhaps not increased, depending on it is progress in Europe. Therefore, for the English elite clubs, the Premier Group and the Euro Champions Little league are twin " glowing geese. "
Finally, exogenous shocks at the moment affect the Most recognized League, specifically evident in the case of Chelsea FC, pursuing the purchase of this kind of club by the Russian petrol billionaire Roman Abramovich in June 2003. This has had the effect of breaking the previous dual hegemony of Manchester United and...
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