The Impact Of Financial Doping

After watching ESPN’s 30 for 30, Broke, my mind starting pondering this question of why and how so many professional athletes are blowing through the millions they make while playing their specific sport? It is amazing that someone can spend that much money so quickly. What are they buying and who are they buying things for? Where are they spending it? Where do they go wrong? When did this trend start and will it continue in the future? What are the league officials doing in order to prevent this tragedy from happening? These are some of the questions I will try to answer throughout this paper.

In recent years steroids has been a huge threat in pro sports. It’s an issue that everyone is getting sick of and annoyed of. Steroids are a risk you are willing to take to improve your performance in sports. Even though it can make your performance better, it is also the risk to take that can cause major health problems.

Professional sports are often perceived as one of the last true bastions of capitalism, where player salaries are constrained only by what the market will bear. Since the 1990’s, however, [professional] sports leagues have grown increasingly concerned over the increase in player salaries, not only in terms of the absolute cost required to field a competitive team, but also in terms of parity, or the extent to which teams in a league are fairly evenly matched (Cushman 1).

The UEFA Financial Fair Play (FFP) Regulations have come to terms in 2009 and it has been widely discussed due to the nature of the rules that was imposed on the clubs. The aim of this short essay would be to discuss the impacts of FFP Regulations on the competitive balance in European Football. The first section of this essay is an introduction to the UEFA FFP Regulations. Second, we briefly introduce the Fort and Quirk Model that will be used to analyse the effects on competitive balance. Thirdly, we look at findings from sports economists on the FFP Regulations. The final section will be a conclusion and summary on the effects of UEFA FFP Regulations on the competitive balance of the leagues.

With the number of clubs which have participated in the UEFA competition over the past 12 years, a sample size of 6 teams will be selected for this dissertation. These clubs who must abide by Financial Fair Play regulations to participate in their competitions are Arsenal, Manchester United, Chelsea, Manchester City, Liverpool and Tottenham. It is also important to note that all clubs selected in this analysis has expense greater than €45 million, as UEFA’s break-even rule is subject to an exception of an acceptable deviation up to €45 million if the shortfall is covered by equity investment. As the Financial Fair Play has been in existence since 2010, financial statements and balance sheets for the selected clubs and the league have been

A typical athlete story can now be known as a riches to rags story. Though there are positive and there are also negatives effects to this. Star athletes make so much money that it makes people sick, meanwhile it is also sickening our athletes mentally. The professional sporting world is now turning into a money-hungry occupation. Along with this hunger for cash comes a solid incentive for productivity.

In “The Survival of the Top Hats”, a story of Brazilian soccer clubs and monetary power is told, and Foer’s comparison and use of soccer to explain real world events does not work well in regards to the study of Economics. When talking about the styles of Brazil’s teams in a worldwide sense,

Baker also shows the connection between the football player’s managers and owners to their foremen and landlords. Baker says “professional footballers were as much at the mercy of their owners and managers as factory operatives had been under the thumb of the captains of industry.(Baker 2001). Baker also points out the commodification of sports culture. In his article he discusses how entrepreneurs discovered the economic potential of football, and changed the sport. Metcalfe also used the Marxist lens to view the development of football.

Hourani, Nabil. “Athletes Overpaid, Need to Learn Financial Responsibility.” University Wire, 26 June 2015, SIRS Issues Researcher, http://sks.sirs.com.

Persuasive Essay – Footballers Get Paid Too Much Footballers’ get paid too much is a topic that get talked about continuously. Many claim they don't, but this is simply not true. A high number of people in the world fantasise over being a wealthy, well-known, worlds best footballer. Some for the money, and some for the popularity and honour.

Awareness is the first step that should be taken when a professional athlete is seeking to manage their money. Knowing the cause for it will tremendously help the athlete to jumpstart their financial education. Four articles that contribute to this perspective of the argument are “How (and Why) Athletes Go Broke” by Pablo S. Torre, “Why Ballers Go Bust” by Paul Wachter, “Worshipping grossly overpaid athletes who act

Professional soccer athletes can make anywhere between starting salary, $30,000, to $1,000,00 per year. With this great amount money it is significant to make sure it is being invested in the proper places. Investing in the wrong places could result in rapidly losing money or becoming bankrupt. Alex Morgan makes $450,000 every season, not including her books or other festivities. It is also important to create a diversified portfolio for my client because investing in one industry could lead her to becoming broke. This essay will explain why my client should invest her money in McDonald’s and Apple’s stocks.

The net worth of an owner of a major sports team often ranges in the billions. However, when it comes time for a new stadium or renovations need to be made to a current one, taxpayers often foot a large portion of the bill. Given their immense wealth, sports owners should fund stadiums on their own. Over the last two decades, taxpayers have paid nearly $7 billion in funding for NFL stadiums alone. Not only is that amount staggering, but the same could be said about the manner in which the funds are acquired in the first place. Often, this money finds its way to team owners subsequent to threats of team relocation. Until recently, destination cities such as Las Vegas and Los Angeles were not home to an NFL team. As a result of this, team owners would threaten to relocate to these cities if the proper amount of public funding was not secured. Furthermore, a lot of misinformation regarding job growth and boosts to the local economy is spread to help the case of the owners.

The Club (1978), written by David Williamson, is a satirical play that follows the fortunes and misfortunes of a football club over the course of the season. David Williamson cleverly integrates the realistic portrayal of characters and dialogue into the play in order to effectively provide the reader with an insight into the power and politics of sport and the commoditisation of players. The main themes in The Club that David Williamson communicates across to the reader are power and the concept of ‘human loyalty verses materialistic gain’, which will be explained in further detail below.

In this assignment I will be exploring the ways in which Internal and external factors have an impact on the core revenues of Clubs and how clubs themselves can potentially help put the factors in their favour. Topics such as Fans and their behaviour and Player conduct on and off the pitch will be explored. Things that can occur which clubs have little or no power over – such as a major political shift – which can affect a clubs income will also be covered.