The usefulness of economic theory in the sport market

1. Introduction Football has been one of the most well supported sports in China since it was introduced in the 1900s. In 1994, the Chinese Professional Soccer League (CPSL) was established. Under the direct supervision of the Chinese Football Association (CFA's) Professional League Committee, this nationwide league was divided into Divisions 1 and 2. From 1994 to 2004, the top flight of professional football was "Jia A" (Jia in Chinese means top or first). The China Football Association Super League (CSL) …

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