English Premier League business principles applied to American sports
Throughout the history of professional sports in America, there have always been labor negotiations between the respective owners associations and players associations. These negotiations are what laid the foundation for the rules and regulations that govern the sport entity. These negotiations are often complicated since the two parties involved often want radically different things. These complications have, in the past, led to work stoppages and therefore no product to be consumed, thus hurting both parties. The business model that is used in Europe for professional soccer has never led to a work stoppage. By analyzing their business model and comparing it to the typical American business model for professional sports, I will compare and contrast to find flaws in the American system.