Social Networks and the Economics of Sports by Panos M. Pardalos, Victor Zamaraev
By Panos M. Pardalos, Victor Zamaraev
This publication offers fresh study advancements in social networks, economics, administration, advertising and optimization utilized to activities. the amount could be of curiosity to scholars, researchers, managers from activities, coverage makers and to boot athletes. specifically the booklet includes study papers and reports addressing the next concerns: social community instruments for participant choice, move and pricing in staff activities, tools for rating groups and comparing avid gamers' functionality, economics and advertising concerns regarding activities golf equipment, thoughts for predicting results of activities competitions, optimum recommendations in activities, scheduling and handling activities tournaments, optimum referee task concepts and the economics and advertising of activities entertainment.
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Moreover, adult fans are paying for membership e 12 per month for themselves and e 3 for their children, which should be considered as additional income for the club. Another example of fair counting of fans could be data of “Manchester United” association of fans—MUST (Munchester United Supporters Trust). On their website we can find the counter of registered members, which showed in September 2013 more than 195 000 people. Finally we can use number of members in official groups of football club in social networks.
5 million. According to Sportingintelligence’s Global Sports Salaries Survey (GSSS) for 2013, compiled in association with ESPN The Magazine , “Manchester City” are the best paid team in global sport. 2 m per year, or £100 764 per week. The most generous football clubs are presented on Fig. 16. In terms of the cost of salaries it is interesting to calculate whether the club has enough revenue to cover the payroll. For example, “Manchester City” “salary to revenue” figure is 114 (see Fig. 17), which suggests that in fact the club does not have enough income and expenses are covered by shareholders.
In that market there is a demand, a supply, a price and a quantity. The demand is made by the public. The supply is made by the sporting organizations that organize the events or produce the athletes. Also, there are several economic agents involved: companies, non-profitable organizations, the public sector, international bodies, the sportsmen, and the public. Sport is an investment which at least in some part accrues the stock of sporting facilities. The funding for sports may come from the public, the sponsors, the brand buyers, or from other form of contracts.