Rising Football Ticket Prices

The issue of rising football ticket prices has been getting increasing coverage in the media lately. Tickets for top flight football matches in England have risen at an exponential rate since the old Football League First Division was revamped in 1992. We are constantly told by pundits and clever advertisements that the Barclays Premier League is the best (it’s not) and the most exciting (it might be) league in the world; but even if these two claims were proved correct the reason why fans continue to pay increasing prices can be explained to some extent by simple economic theory.