The paper "Importance of English Premier League Clubs on Economy" is an outstanding example of a macro and microeconomics research proposal. According to Goddard & Sloane, (2014) the English premier league (EPL), also referred to as the Barclays Premier League was established in 1992 and swiftly turned to be a predominant sports league in the world. The league consists of 20 football clubs and within a complete season, each plays their opponents twice making a total of 38 games. One match is played on the home ground while the other is played on away ground.
It is important to note that the entire season runs from August through May. Just like in the business world, a complete season of the EPL presents a fiscal year. Every season three top clubs from the championship side are promoted to the EPL while the last three from the EPL are relegated to the Championship side. However, the top four clubs get tickets to participate in the UEFA Champions League. This is the most superior football tournament in the world it features top clubs across Europe.
Its superiority is also in relation to its financial strength. Currently, the Premier League clubs are Arsenal, Aston Villa, Burnley, Chelsea, Manchester City, Manchester United, Liverpool, Southampton, Newcastle, Tottenham Hotspur, Stoke City, Crystal Palace, West Brom Albion, Hull City, Leicester City, West Ham United, Everton, Sunderland, Swansea, and Queens Park Rangers (Slack, Byers, & Parent, 2011). This international top football has been intensively commercialized during a spell of two decades since its inception in the early 1990s. In this respect, the EPL has been the vehicle to inspire the rate of commercial growth.
This can be attributed to a consequential capacity for generating income and profitable broadcasting contracts. According to the Deloitte’ s Football Money League (2013) Manchester, United is position 4 globally as it generated £ 363.2 million in 2013. In 2013, England had 6 teams in the top 20. However, in spite of the large money chunks realized in the Premier League top teams, there still exists a wide gap to the team with the smallest amount of income generation. In 2013 the least amount of earnings was realized by Wigan Athletic as they were just able to get £ 56 million.
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