Strengths And Weaknesses Of The Football Industry Assignment

Strengths And Weaknesses Of The Football Industry - Assignment Example Weaknesses of the Football Industry The football industry has problems with transparency in governance. There have been several issues of match fixing that goes against the doctrine of fair play. Match fixing is much common in highly competitive tournaments such as the World Cup, EUFA Champions League and the Premier League (Hopkins & Treadwell 2014, p. 117). In addition, there have been issues with buying new players and transfers where football clubs enroll underage players or evade taxes. Another weakness of the industry is overreliance on a single source of income. Football teams rely on funds from subscriptions of supporters. The situation implies that the financial position of teams is dependent on the number of tickets sold. However, ticket sales are not constant and are affected by several factors such as team performance, weather, and the economic situation. In this regard, football teams have an uncertain future unless the industry diversify its sources of income. The football industry is reliant on the media for coverage and publicity. This means that the industry must maintain good relations with the media. People who cannot visit stadia often follow matches through television. The media houses benefit from broadcasting the football content by paying the teams specified amounts of money. However, the media houses benefiting from the content desire more control in the sport (Chadwick & Hamil 2010, p.249). The industry can suffer greatly if there are wrangles with the media and may lose supporters.