Watch the "invisible" referee at the stadium

. According to statistics, Premier League broadcast revenue has increased by more than 100 times in the past 30 years, and now contributes more than 8 billion pounds of economic output to the UK every year, creating 4 billion pounds of tax revenue and 100,000 jobs.

With the continuous development of the sports industry, many sports leagues are gradually improving their respective financial rules. Although the name of the rule and the specific terms vary greatly, the purpose is different: to prevent excessive concentration of capital in a few teams, resulting in a weaker competition in the game.

Newcar's dilemma in the transfer market may disappoint fans, but this may not be a kind of protection for the team. Financial rules remind team owners all the time: instead of spending money endlessly, it is better to invest more resources in youth training system, scouting network and scientific management. This road may be longer, but more sustainable.

For viewers and fans, financial rules are also of great significance. Imagine a league without constraints like: giant teams hoard stars, small teams can only run with them, and the results of the game are almost one-sided. In the long run, such a game will inevitably lose its audience due to the lack of suspense in the results. After all, what fans want to see is not only the overwhelming advantage of the "big team", but also the miracle of the dark horse and the counterattack of the weak team. It is the existence of financial rules that make the game more full of unknowns and suspense.

The seemingly cold financial rules are like the "invisible referee" who maintains the ecological balance of the sports industry. The purpose is not to be digitally constrained, but to allow capital to operate on the institutional track, guiding capital to long-term value by curbing speculative risks, limiting excessive leverage, maintaining competitive balance, and protecting the interests of relevant parties. Without financial rules, sports may become a naked game of money. With financial rules, the competitiveness of the game can be improved, the enthusiasm of fans can be continued, and the team, league and sports industries can have a healthy future. (Economic Daily reporter Yuan Yong)

source:ti so 7m cn