Historically, European team sports leagues were run by their respective national and international associations and were legally independent from the professional clubs playing in these leagues. Recently, European leagues have adopted an organizational form similar to their North American...

Historically, European team sports leagues were run by their respective national and international associations and were legally independent from the professional clubs playing in these leagues. Recently, European leagues have adopted an organizational form similar to their North American...

Historically, European team sports leagues were run by their respective national and international associations and were legally independent from the professional clubs playing in these leagues. Recently, European leagues have adopted an organizational form similar to their North American...

Professional sports leagues in Europe and the United States exhibit many differences. Among others such as the existence of mechanisms providing dis- incentives for spending (e.g. salary caps) the fundamental di¤erence is the organizational arrangement of clubs and the governing body of the...