Professional Sport and the Recession: The Case of British Soccer

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Abstract
This paper attempts to summarise the available evidence on the economic crisis currently affecting Professional Soccer in England and Wales. Various economic and social aspects of soccer's post-war decline are discussed, as well as the inadequacy of the analyses of soccer's current situation offered by economists. The paper proceeds to examine the ways in which individual clubs and the football league as a whole are now engaged in the search for new sources of capital. This forms the basis for an analysis of the contradictory tendencies and pressures towards "retrenchment" and "reconstruction" in the game's traditional relationship to the broader society.

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