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Author Booth, Ross
Source CiteSeerX
Content type Text
File Format PDF
Subject Domain (in DDC) Computer science, information & general works ♦ Data processing & computer science
Subject Keyword Australian Football ♦ Alias Australian Rule ♦ Competitive Balance ♦ Vfl Afl ♦ Afl Club ♦ Club Ownership ♦ Different Period ♦ National Australian Football League ♦ Win-maximising Objective Stem ♦ National Player Draft ♦ Unique Brand ♦ Recent Period ♦ Different Level ♦ Club Finance ♦ Labour Market Device ♦ Victorian Football League ♦ Stated Objective ♦ Brief Review ♦ Team Salary Cap ♦ High Level ♦ Respective State Football Commission ♦ Revenue Sharing Rule ♦ Profit Maximisers
Abstract This paper begins with a brief review of the evolution of the unique brand of Australian football and the development of a fully-professional and national Australian Football League (AFL) comprising 16 clubs from the Victorian Football League (VFL) formed in 1897. Analysis of clubs ’ finances and stated objectives suggest that AFL clubs are win-maximisers (subject to breaking even financially) rather than profit maximisers. The win-maximising objective stems from the nature of club ownership. Of the 16 clubs, ten are owned by their members, one is shareholder-owned, four are owned by their respective state football Commissions and one licence is held by the AFL. The objectives of the league and the changes in its governance are also discussed. The history of labour market devices and revenue sharing rules the VFL/AFL has used to try to increase competitive balance is outlined. Six different periods between 1897 and 2003 are identified and the different levels of competitive balance are calculated for each year and then matched against the devices and rules used in each period. It is suggested that the high levels of competitive balance achieved in the VFL/AFL in the most recent period could well be the result of the introduction of both a national player draft and team salary cap.
Educational Role Student ♦ Teacher
Age Range above 22 year
Educational Use Research
Education Level UG and PG ♦ Career/Technical Study
Learning Resource Type Article