Soccernomics Book Summary - Soccernomics Book explained in key points
Listen to the Intro
00:00

Better than a summary

Soccernomics summary

Simon Kuper & Stefan Szymanski

Why England Loses; Why Germany, Spain, and France Win; and Why One Day Japan, Iraq, and the United States Will Become Kings of the World’s Most Popular Sport

  • 4.2 (64 ratings)
  • 31 mins
  • 11 Key ideas
  • Audio & text
Get started

No credit card required · Cancel anytime

Soccernomics by Simon Kuper and Stefan Szymanski analyzes soccer using economics and data, revealing surprising insights about the sport and its teams.

Topics

Table of Contents

Soccernomics
Summary of 11 key ideas

Audio & text in the Blinkist app

Key ideas in Soccernomics

  1. 1
  2. 2
  3. 3
  4. 4
  5. 5
  6. 6
  7. 7
  8. 8
  9. 9
  10. 10
  11. 11

Key idea 1 of 11

Soccer is a small and historically bad business.

Observers of modern soccer often lament that it’s become big business. Newly infused with commercial thinking and big money, they believe the game has lost its soul.

The truth is, soccer’s never been big business, and it still isn’t.

Most people haven’t heard of United Natural Foods, a US distributor of organic foods. It’s doing well, but isn’t yet big enough to make it onto the S&P 500 – the list of the 500 largest publicly traded US companies. It’s 75 times smaller than Walmart and by all accounts a solid but unexceptional business. Yet United Natural Foods is a bigger business than every soccer club on the planet.

During 2015-16, Manchester United’s revenue was €689 million. That’s a decent sum, but it’s still less than a tenth of United Natural Foods, and 0.2% of Walmart’s.

Most clubs are the size of a supermarket. Not a supermarket chain, but a single supermarket. Costco’s warehouse stores averaged sales of $159 million in 2016, whereas average club revenues for the 700 top-division European clubs were under $25 million.

One reason for this is that most soccer clubs are simply not run like a business.

Statistical analysis bears this out. Szymanski analyzed the behavior of English and Spanish clubs from 1993 to 2005 to see whether they were pursuing profit or victory. Profit requires limiting wages, which means fewer victories. It’s a simple trade-off. He found that if FC Barcelona wanted to maximize its profits, it would need to aim for 15th in the league to seriously reduce its wage bill. For clubs like Athletic Bilbao, their most profitable position would be in the second league – where they could save a great deal on wages. The clear conclusion was that if profit was the goal, then clubs were spending way more than they should.

The good news is that for most clubs, poor financial management doesn’t matter too much, as they are unlikely ever to go bust.

If a club gets into trouble, it can cut its wages, suffer relegation and keep on playing in a lower division. This is not normal business practice. Ford cannot, in response to poor results, sack its workforce in favor of unskilled employees producing noticeably worse cars. Consumers would simply not put up with the inferior products.

It’s true that there’s more money in soccer than ever before, but most fans can take some comfort knowing that their clubs are being run with an eye on glory rather than the bottom line.

Get the key ideas from 9,000+ bestselling books

Get started

No credit card required · Cancel anytime

More knowledge in less time

  • Read or listen

    Get the key ideas from nonfiction bestsellers in minutes, not hours.

  • Find your next read

    Get book lists curated by experts and personalized recommendations.

  • Shortcasts

    We've teamed up with podcast creators to bring you key insights from podcasts.

What is Soccernomics about?

Soccernomics (2009) applies economic and data analysis to explore the way the sport of soccer is played, watched and run. It explores everything from whether world cups make us happier to why Western Europe continues to dominate the sport globally. In the process, Soccernomics shows us that much of what we think about the world’s most popular sport is wrong.

Soccernomics Review

Soccernomics (2009) offers an intriguing exploration of the world of soccer by combining economic principles and statistical analysis. Here's why this book is worth reading:

  • With its data-driven approach, the book challenges conventional wisdom and uncovers surprising insights about the beautiful game.
  • Through a series of engaging case studies, the authors demonstrate how economics can explain soccer's most fascinating phenomena, from the success of certain teams to the impact of different strategies.
  • By examining the intersection of sports and economics, Soccernomics reveals the underlying forces that shape the world's most popular sport, providing a fresh and unique perspective for soccer enthusiasts.

Who should read Soccernomics?

  • Fans of soccer everywhere
  • Readers interested in the behind-the-scenes reality of how soccer works
  • Anyone who wants to understand why some teams succeed and others don’t
Buy on Amazon

About the author

Simon Kuper is a renowned soccer writer. He writes for the Financial Times and has won the William Hill prize for sports book of the year. Stefan Szymanski is a professor of sport management at the University of Michigan.

Categories with Soccernomics

Book summaries like Soccernomics

People ❤️ Blinkist

Become a member of our community of 43 million people

4.76App Store

96k ratings

4.5Google Play

73k ratings

Laura H.

When I saw Blinkist had produced an infographic style Blink for the Rich Dad, Poor Dad book, it was a good reminder of the concepts I loved.

Jonathan A.

Clearly communicates the value proposition of the most popular book summaries and offers a relatable, tangible template that I can use immediately.

Renee D.

I'm absolutely thrilled that Blinkist now offers infographics! I can't get enough of them—they're such a fun and effective way to grasp and remember key points.

Get started

People also liked these summaries

Trusted by the world's leading brands

brand logos from TikTok, Booking.com, Microsoft, Lyft, Babbel, Tier, LinkedIn, and Zalando

Powerful ideas from top nonfiction

Try Blinkist to get the key ideas from 7,500+ bestselling nonfiction titles and podcasts. Listen or read in just 15 minutes.

Get started

Soccernomics FAQs

The main message of Soccernomics is that data and economic principles can help explain the success and failures in the world of soccer.

The reading time for Soccernomics varies, but it typically takes several hours. The Blinkist summary can be read in 15 minutes.

Soccernomics is worth reading for soccer fans and those interested in the intersection of economics and sports. It provides unique insights and analysis.

The authors of Soccernomics are Simon Kuper and Stefan Szymanski.

Featured Titles