Coisas

An Option Pricing Framework for Valuation of Football Players RADU TUNARU EPHRAIM CLARK HOWARD VINEY condescension SchoolBusiness SchoolBusiness School Middlesex UniversityMiddlesex UniversityMiddlesex University capital of the United Kingdom NW4 4BTLondon NW4 4BT London NW4 4BT UKUKUK Abstract: - In this paper we develop a contingent claims framework for determining the pecuniary value of victor football players. The football players are seen as real assets and this methodology can be used in the football industry, policy industry and the investment world and it is the first of this kind in this area. The mathematical random models are based on the geometrical Br bearian motion, Poisson processes and jump-diffusion process. We show how player value varies from society to club, depending on club turn all over and the total number of performance points generated by the holy team. Keywords: asset pricing, geometric Brownian motion; jump-diffusion, Itos lemma, Poisson process 1 Introduction In this paper we use contingent claims methodology and standard techniques in stochastic calculus to develop a framework for determining the financial value of professional football players.

The question is of vital elicit to a sport that has become an industry in its own right ([15]). As the amount of money generated by the football industry grows exponentially year by year, it is punctuated by drop off financial deals negotiated between the football clubs and the players they hire. Witness, for example, Real Madrids £37 million bid for Figo in July 2000, its £47 million for Zidane in July 2001 and Manchester Uniteds £46.8 million for three players in the summer of 2001. In fact, Deloitte Touche ([6]) reports that in the year 1999-2000 clubs in the English Premier partnership spent £255 million on player transfers. This is over 33% of the £772 million of total turnover within the league over the period. Combined with players wages of £487 million, 96% of the... If you want to get a full essay, order it on our website: Orderessay

Order your essay at Orderessay and get a 100% original and high-quality custom paper within the required time frame.