None
The text discusses the relationship between the economic growth of countries and the value of football clubs from 2010 to 2022, focusing on the impact of the COVID-19 pandemic. The study highlights the resilience of football clubs in recovering their economic value despite restrictions. It emphasizes the significant economic influence of sports activities, including ticket sales, tourism, marketing, sponsorships, and media revenues. The paper concludes that policymakers should consider the relationship between football clubs and economic development when formulating policies. The study uses a novel technique to analyze the economic and sporting success of the most successful football clubs in developed countries, revealing connections between football club values and economic growth that vary in time period. The findings show mostly short-term movements between football club values and economic growth after 2019.