Soccer Clubs and Diminishing Returns: The Case of Paris Saint-Germain

DC FieldValueLanguage
dc.contributor.authorHogan, Vincent (Vincent Peter)-
dc.contributor.authorMassey, Patrick-
dc.date.accessioned2021-05-31T11:56:56Z-
dc.date.available2021-05-31T11:56:56Z-
dc.date.copyright2021 the Authorsen_US
dc.date.issued2021-04-
dc.identifier.other202111-
dc.identifier.urihttp://hdl.handle.net/10197/12225-
dc.description.abstractParis Saint-Germain, one of France's top soccer clubs, was bought by Qatar Sports Investments (QSI) in 2011. Since then the club's expenditure has risen precipitously as have its victories. In this paper we ask whether this represents value for money. We find in fact, that the efficiency of PSG did not deteriorate following the takeover. However, while PSG operated close to the production frontier in terms of converting resources to points, it scored vastly more points than was necessary to win the league. We estimate that PSG spent e140m more than was necessary to win the French league in 2016/17. Since 2011, PSG is estimated to have overspent by up to e600m. This expenditure could be thought as being merely the price of creditable performance at a European Level. We show, however, that it has brought less success than would be expected.en_US
dc.language.isoenen_US
dc.publisherUniversity College Dublin. School of Economicsen_US
dc.relation.ispartofseriesUCD Centre for Economic Research Working Paper Seriesen_US
dc.relation.ispartofseriesWP2021/11en_US
dc.subjectSports Financeen_US
dc.subjectProductivityen_US
dc.subject.classificationZ23en_US
dc.subject.classificationD24en_US
dc.titleSoccer Clubs and Diminishing Returns: The Case of Paris Saint-Germainen_US
dc.typeWorking Paperen_US
dc.statusPeer revieweden_US
dc.identifier.startpage1en_US
dc.identifier.endpage24en_US
dc.neeo.contributorHogan|Vincent (Vincent Peter)|aut|-
dc.neeo.contributorMassey|Patrick|aut|-
dc.rights.licensehttps://creativecommons.org/licenses/by-nc-nd/3.0/ie/en_US
item.fulltextWith Fulltext-
item.grantfulltextopen-
Appears in Collections:Economics Working Papers & Policy Papers
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