Does football influence our national revenue?
According to a recent national economic study, the importance of football as part of our national revenue is increasingly influential. “As football continues to grow, so does its economic impact – last season the Premier League, the UK’s top football league and its clubs contributed £3.36 billion to the nation’s GDP”.
The English Premier League, is one of the richest in the world regarding revenue, due to its huge fan base, global popularity, advertising, and huge TV deals; 20 clubs shared £8.3 billion in TV revenue alone this season. The popularity of football and the immense income it generates is replicated throughout Europe and the worldwide game.
With high financial stakes for teams competing in leagues and European competitions, it is becoming increasingly important for referees to make the correct decision during matches. Results, league tables, and cup wins can be at the mercy of an incorrect decision, even with the support of linesmen and the fourth official. Throughout footballing history, there have been some controversial decisions which have resulted in teams losing vital games, being relegated and managers being sacked. It is imperative then, that the footballing governing bodies- Federation Internationale de Football Association (FIFA), International Association Football Board (IAFB) and Union of European Football Associations (UEFA)- who are responsible for regulating and upholding the rules and laws of the game – find solutions to reduce the potential for human error.