This paper examines data on the racial composition and financial and sporting performance of professional English soccer teams between 1974 and 1993. In an earlier paper, Szymanski showed that teams with an above average proportion of black players would tend to perform better on average that...

type="main" xml:id="sjpe12065-abs-0001" <title type="main">Abstract</title> <p>In the US, most economists argue that professional sports teams are profit-maximising businesses, but it is a widely held view in Europe that professional football clubs are not run on a profit-maximising basis. This belief has important...</p>