Friday, June 12, 2009

Economics of Soccer

Drudge let us know that Manchester United accept £80m bid for Cristiano Ronaldo from Real Madrid

I don't pretend to understand the economics of soccer, but superficially it would seem that Mr Ronaldo is grossly underpaid. Was Mr Ronaldo paid his market worth, I would think, his "sale" value would be zero. If that is the case, the £80m here is coming out of Mr Ronaldo's pocket.

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