Football is often considered a popular game around the globe, and that is partially true. Football has made many people rich over the years. Some of these professional athletes make millions each year through endorsements. Others have their own sports teams capable of blowing the livescore data in one single football match.
You must know the famous and the top paid football player Lionel Messi. He earns more than £7 million a month which is close to 600 times the salary of the Prime Minister of the United Kingdom.
You might be wondering, why are football players paid so much? Is it only because football is a popular game, or is there anything else that needs to be considered?
Here, you will understand the reasons behind why all these football players are getting paid so high, even greater than the PM of a country.
Isn’t it madness?
Yes, it is, and you are the one going to solve this mystery. So, let’s get going now.
Footballer’s Payment- Is It Really Much?
The top football players get paid a huge amount to advertise products like shoes, jerseys, and other relevant products apart from the league. It is because the brands pay big sums of money to ensure that their product gets advertised everywhere, from TV shows to billboards.
There are names in the world of football who are highly paid. Due to getting the highest payouts, some of the footballers like Ronaldo and Lionel Messi got ranked in the Forbes list of highest-paid athletes in the world.
The Proof Of 3 Top Earned Football Players
- Messi earns around £960,000 per week.
- Neymar gets a payout of around £606,00 per week.
- Gareth Bale makes around £528,000 per week.
Football as a game is the most rewarding and popular of all. The huge fan following and audience base have made it a global sport, and that’s why the popularity of football has given a chance to players for showcasing their skills to the world and get paid so much. At the same time, regional players are also now getting attention from the worldwide audience.
The Economics Behind Higher Payment Of Footballers
Anything related to money can be made easily understandable by the tool called “economics.” The salary of football players can also be understood through the theory of economics, which is the theory of supply and demand.
So what’s this Supply and demand mean?
Supply and demand are the Law of Gravity from the perspective of an economist. It is a theory that defines the cost of everything that you use. It is the parameter to define the worth you will have to pay for anything you have. Be it your cup of coffee or a football team.
Supply is the thing that you buy, and the demand defines how badly you need those goods or services. The greater your needs would be, the greater will be the cost you have to pay for that.
In the situation that you are here to know about, the number of players that are capable enough to participate and perform well in top premier leagues is the Supply. And demand consists of the number of teams that are willing to buy them as players of their team.
So, the greater the demand would be, the higher the price. Simple!
Dependency Of Highest Payouts To Football Players
Let’s consider Messi. Even though there are plenty of football players in the world, talent like Messi is very rare. It is a fact that approximately 180 of the 1.5 million players who play organized English youth football will be able to make it to the Premier League.
Talented football players are highly in demand as they increase the team’s chances of winning titles. Huge profits are generated selling the broadcasting rights, merchandise, and ticket. As clubs need the best players to get the best advantage and earning, they must pay the highest compensations. If a club offered lower wages, other clubs would simply outbid. And ultimately, the player will be taken by the highest bidder.
This way, the payment of good players becomes so high that it seems unbelievable. No team ever wants to lose a top performer just because of money. The team can earn billions through selling tickets and endorsements by paying these players just millions.
This is pure business; you pay for a thing that can offer you a value more than that you have invested in it. So, it’s profitable, even to pay these players millions per week.
Is It Worth Paying Footballers So High?
There is no easy answer when it comes to the issue of player wages. On the one hand, the clubs want to attract the best talent to their team by offering competitive salaries. On the other hand, some people argue that the amounts being paid to the footballers are excessive and could be better used elsewhere.
There are a few points to consider when you need a justified answer to this question;
- First of all, football is a very lucrative business, and players are rightly compensated for their skills.
- Secondly, top players can often bring in a lot of revenue for a club through merchandising, ticket sales, and sponsorship deals. Ultimately it’s a win-win situation even after paying millions for the clubs that hire these players.
- And finally, If you think of a football player running around on a field, being tackled, getting hit by other players, and not being able to move at all, then you would probably never want to try playing football yourself. It takes a lot of physical discipline and stamina to do what these professionals do.
The players and the clubs work hard day and night in their respective areas. Their efforts can’t be ignored, and so the higher pay of football players should be considered as a return price for their hard work and dedication in the game.
There is definitely a mixed opinion on the worthiness, but, on one side, top players are able to generate a great deal of money for their clubs through merchandise and ticket sales. On the flip side, there is the argument that clubs could invest that money elsewhere and get a better return on their investment.
Whatever your opinion on the matter, it is clear that top footballers are paid a great deal of money that is worth their hard work.