The Hidden Side of Sport
Posted: Mon Sep 24, 2018 3:29 pm
Does anyone listen to the weekly freakonomics podcast? They're done ng a series at the minute called 'The Hidden side of sport' which is fascinating. Lots of high level stars and sport executives mixed in with the odd economist. A few highlights for me so far:
1. The entire US sports industry is around the same economic size as the US cardboard box industry
2. Sports teams are not normal businesses. Collusion is more profitable than putting your rivals out of business (an obvious point but one missed all too often)
3. In the NFL the players are pretty much incidental to running a successful business. With $200m coming from the league and a major asset (a stadium) success on the field doesn't really matter that much.
http://freakonomics.com/podcast/sports-ep-2/
1. The entire US sports industry is around the same economic size as the US cardboard box industry
2. Sports teams are not normal businesses. Collusion is more profitable than putting your rivals out of business (an obvious point but one missed all too often)
3. In the NFL the players are pretty much incidental to running a successful business. With $200m coming from the league and a major asset (a stadium) success on the field doesn't really matter that much.
http://freakonomics.com/podcast/sports-ep-2/