Professor of Economic and Financial Policy at the Faculty of Economics, University of Rome "Tor Vergata" and Economic Policy consultant for the World Bank . He serves as Chairman and the scientific director of OpenEconomics, Managing Director of Real Options International LLC, Board member of the CEIS Economics Foundation of the University of Rome “Tor Vergata”, and President of the Italian Association of Development Economists.
OpenEconomics (OE) aims to be a major actor in the analysis of the global football economy by providing evaluations, ratings, and research products that contribute to a more transparent, efficient and integrated market.
The company is a spin-off of the Faculty of Economics and the Center for Advanced Economic Studies (CEIS) of the University of Rome “Tor Vergata” and supports public administrations and private companies in the evaluation of policies and investment projects by applying advanced economic methodologies and tools of analysis.
OE’s team integrates social science expertise with broad experience of value analysis for many projects and ventures in a variety of market circumstances. These capabilities are used to develop a careful assessment of opportunities and risks related to investments through a rigorous evaluation of projects’ sustainability and economic efficiency. OE’s R&D and consultancy activities aim to respond to the growing need for a systematic and reliable assessment of economic policy impacts, in a framework of transparency and objectivity.
CREATE A DIGITAL SYNTHESIS OF FOOTBALL AS A CULTURAL GOOD
STRENGHTEN THE EFFECTIVENESS OF PROFESSIONALS
EXPAND THE COGNITIVE EXPERIENCE OF FANS AND THEREFORE
CONTRIBUTE TO THE WELL BEING OF THE WHOLE COMMUNITY
Foster a rational approach to the economics of football by exploring stats and concepts in a participatory and interactive mode, through a learning platform that allows measurement and estimation of events, performances, results and values
Aggregate a galaxy of communities of football enthusiasts interested in experiencing football as sport, entertainment and social construct
Contribute to establish shared quality and value standards for the industry, by providing tools for advanced analysis, reviews and expert opinions
OUR VISION OF THE FOOTBALL ECONOMY
Among the global sports, football is by far the largest for dissemination and turnover, and certainly the dominant one in Europe, Africa, South America and Asia with a global amount of fans estimated in around 3.5 billion.
This makes Football a mass cultural phenomenon and also a rapidly expanding global industry, still characterized by grey areas, typical of emerging sectors, but now experiencing a deep modernization process.
The sector's recent attempts to comply to international financial standards and management best practices don't seem to be able to significantly reduce basic distortions, evidenced by phenomena such as the growth of the companies’ debt capital ratios, and the performance gap between the most important clubs and the smaller ones. The disparities between the clubs have always existed in modern football, but because of their linkages with economic more than to sport factors, they have been growing in recent years. As a consequence, the integration of the football industry in the global economy appears to fuel a strong concentration in the market. A few clubs and a small group of excellent players end up draining much of the resources gathered by an industry that is enjoying growing and widespread acceptance of consumers, but depends excessively (more than 50%) on obsolete financing instruments (television rights). This extreme inequality depends to the so called "Superstar" effect, typical of the polarized markets characterizing the entertainment industry.
A side effect of this modernization is the threat coming from a hard to sustain transfer market, the main reason for the high debt in the sector, which shows several characteristics of a speculative bubble.
In response to this growing dysfunctions of the system, which also relates to the dangerous oligopolistic power of the richest clubs, UEFA managers have introduced the concept of "Financial Fair Play", together with a set of practices and rules designed to reduce the debt flow and the disparities between the clubs.
In this framework of positive changes and persistence of market imbalances, in line with the recent directives from UEFA, PlayRatings tries to give timely, concrete and rational answers to the growing needs in the football industry for efficient programming tools and regulations. These tools aim to improve economic and financial performance, as well as to help the clubs, and the other companies in the sector, to a self-sustainable and transparent management. More generally, the aim of PlayRatings is to contribute to the wellbeing of the football industry, of the professionals and ultimately of the people who experience football as a passion.
OpenEconomics can count on a team of economists led by Professor Pasquale Lucio Scandizzo, and managers with an extensive experience of complex projects. The team has a long and successful record as advisor of private companies, multilateral institutions and national governments.
ATHLETE VALUE ANALYSIS
Estimation of the net present value of an athlete as an intangible asset, using a wide set of parameters indicative of the market structure and trends, economics, performances, reputation and legal terms, also considering dynamic uncertainty and risks.
PLAYERS AND TEAMS RATING
Modeling of multidimensional ratings for athletes and teams, allowing comparisons, rankings and investments decision support.
SPORT EVENT ANALYSIS
Economic and financial evaluation of investments in sport infrastructures, sponsorship and events, including the estimation of gains and losses of all the stakeholders involved, the social costs and benefits and the associated opportunities and risks, through the application of econometrics, model simulations and real options methods.
SPORT MARKET ANALYSIS
Advanced analysis of sport performance and economic statistics, market dynamics and trends.