During the last years the football industry has experienced a huge unexpected increase in its economic activities involving changes in market prices and transfer fees. While the national economies throughout the world were suffering the ravages that the 2008 financial crisis caused, the football industry seems to not be affected and act in parallel. This tendency has not been left apart by some economists who have warned about the formation of a possible self-perpetuated increase in the value of ...
During the last years the football industry has experienced a huge unexpected increase in its economic activities involving changes in market prices and transfer fees. While the national economies throughout the world were suffering the ravages that the 2008 financial crisis caused, the football industry seems to not be affected and act in parallel. This tendency has not been left apart by some economists who have warned about the formation of a possible self-perpetuated increase in the value of the clubs and players and therefore an economic bubble in the football industry. Nevertheless, in this paper we want to try to give a firm, but not definite response to this phenomenon and somehow answer to these speculations, as there are no economic studies giving response to this issue. We will make a profound analysis based on the market value record of the football most reliable football industry database, which is Transfermarkt (www.transfermarkt.com).
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