The Business of Football and Footballers

10/17/12 • 60 min

A guest lecture by John Didulica, currently the Football Operations Manager of Australian domestic league team Melbourne Heart, a former professional footballer, and a lawyer by academic training. He was also at one time the CEO of the player’s union for footballers in Australia, the AFPA. His talk is titled as: "The Business of Football and Footballers: From Maximum Wage to Petrodollars".
Copyright 2012 La Trobe University, all rights reserved. Contact for permissions.

Previous Episode

Government Subsidy of Sport

This lecture encompasses two related topics “Public Finance of Sports” and “Subsidies and Economic Impact Analysis”. Both parts of this lecture look at the role of government in the sports industry, and whether or not it should use public taxpayers’ funds to bid to bring the event to town, bring the team to town, or build the new stadium. Where they decide in favour of doing so (even when it would run at a substantial financial loss), we also explain the reasons behind such a decision. We use the FIFA World Cup and IOC Summer Olympic Games as case studies, and investigate both the pros and cons of public expenditure in sport. Numerous concepts from standard microeconomics are also invoked here, such as monopoly power, winner’s curse, direct and indirect costs and benefits, and multipliers.
Copyright 2012 La Trobe University, all rights reserved. Contact for permissions.

Next Episode

Scoring Early Against Brazil

A presentation on the 2012 peer-reviewed article by lecturer Liam Lenten, which appeared recently in the journal Applied Economics Letters, entitled: “The Underdog Should Always Fire the First Salvo against Brazil”, which tests the old myth in football that it is unwise for an opposition team to score early in any game against the almighty Brazilians.