Economic Environment

By Athena P. Constantinou, APC Sports Consulting Ltd In the last 25 years we have seen tremendous cross border movement in the world of sports; a number of NBA players moving to Europe near the end of their sports careers to play in the European Basketball League...

Sports Employment and Collective Bargaining Agreements in the United States Professional sports in the United States are almost a world by themselves when it comes to labor relations.  Professional sports franchises in the United States usually have separate owners...

The occupation of professional athlete, has become recognized as one of the most financially rewarding professions. As a result, when starting your sports professional career, dealing with your contracts can be intimidating. While athletes can technically choose to...

What are Salary Caps, where do we see them and how do they work? Salary caps are a tool utilized by various leagues, mainly in the United States, to promote competitive balance and assure that teams within a league are able to compete with each other. The issue of...

There are a number of economic indicators which give us clues as to how “successful” our economy is, how well it is growing, or how well positioned it is for future growth. These indicators include statistics, such as the number of houses being built or existing...

History has proven that in the long term an economy can grow over time, that investments can earn returns, and that the value of currency can remain relatively stable. In the short term however, that is not continuously true. Unsettled periods can upset financial...

Football is a global market and star players relocate constantly, quite often from country to country.  Usually, football players sign contracts with clubs for a fixed term and if they transfer before their contract expires, the new club pays compensation to the...

Most tax authorities impose tax on visiting sports people based on the principles of residency and source of income.  As a result, sports professionals competing internationally have to be alert that they may incur tax obligations, both in terms of tax filing and...

There is a time in the professional career of an athlete that he may have to move to a team in a different country. Naturally, a player moving abroad has to face a number of challenges when settling and adjusting to the new reality of things. A new culture, a...

So, you have just landed your first professional sports contract and you are on top of the world, “king of the hill, top of the heap” to use the words of the famous Frank Sinatra song.  There are so many things that you plan on doing with the big money you will...