The Reasons Why Football Players Get High Salary

VIVA – Football is known as the most popular sport in the world, and also one of the biggest sports games globally. At the same time, it is also one of the sports games that pay professional athletes or players whom the fans also call (professional footballers) huge wages and salaries in the sports industry.

As quoted from the Bank of England, economic theory, namely supply, and demand have a role in the number of footballers' salaries. The supply referred to in this case is the number of players in board leagues such as the Premier League. While demand is the number of teams that want to buy players.

The demand for talented footballers like Lionel Messi is high because they have a great chance of winning titles. The team that wins will make more money.

Football players will be paid higher and higher as the club manages to make more money too. This is achieved from broadcasting rights, sponsorship, supporters, and merchandise sold.

As technology advances such as live streaming through television or smartphone is becoming more popular. This is certainly beneficial because the more popular the sport, the more players will also be associated.

The most obvious example is the broadcasting rights for the Premier League in 1992-1997 worth 200 million pounds or around IDR 3,792 trillion (exchange rate IDR 18,961/GBP). However, in 2015-2020 there was a loss of more than 5 billion pounds or around IDR 94,807 trillion.

In addition, footballers have high salaries because of the short duration of their careers or fast retirement. Football players who have reached the age of 30 are considered old and can no longer play productively.