id	sid	tid	token	lemma	pos
cord-034205-53i2tw65	1	1	key	key	JJ
cord-034205-53i2tw65	1	2	:	:	:
cord-034205-53i2tw65	1	3	cord-034205	cord-034205	NNP
cord-034205-53i2tw65	1	4	-	-	HYPH
cord-034205-53i2tw65	1	5	53i2tw65	53i2tw65	CD
cord-034205-53i2tw65	1	6	authors	author	NNS
cord-034205-53i2tw65	1	7	:	:	:
cord-034205-53i2tw65	1	8	Richau	Richau	NNP
cord-034205-53i2tw65	1	9	,	,	,
cord-034205-53i2tw65	1	10	Lukas	Lukas	NNP
cord-034205-53i2tw65	1	11	;	;	:
cord-034205-53i2tw65	1	12	Follert	Follert	NNP
cord-034205-53i2tw65	1	13	,	,	,
cord-034205-53i2tw65	1	14	Florian	Florian	NNP
cord-034205-53i2tw65	1	15	;	;	:
cord-034205-53i2tw65	1	16	Frenger	Frenger	NNP
cord-034205-53i2tw65	1	17	,	,	,
cord-034205-53i2tw65	1	18	Monika	Monika	NNP
cord-034205-53i2tw65	1	19	;	;	:
cord-034205-53i2tw65	1	20	Emrich	Emrich	NNP
cord-034205-53i2tw65	1	21	,	,	,
cord-034205-53i2tw65	2	1	Eike	Eike	NNP
cord-034205-53i2tw65	2	2	title	title	NN
cord-034205-53i2tw65	2	3	:	:	:
cord-034205-53i2tw65	2	4	The	the	DT
cord-034205-53i2tw65	2	5	sky	sky	NN
cord-034205-53i2tw65	2	6	is	be	VBZ
cord-034205-53i2tw65	2	7	the	the	DT
cord-034205-53i2tw65	2	8	limit	limit	NN
cord-034205-53i2tw65	2	9	?	?	.
cord-034205-53i2tw65	2	10	!	!	.
cord-034205-53i2tw65	3	1	Evaluating	evaluate	VBG
cord-034205-53i2tw65	3	2	the	the	DT
cord-034205-53i2tw65	3	3	existence	existence	NN
cord-034205-53i2tw65	3	4	of	of	IN
cord-034205-53i2tw65	3	5	a	a	DT
cord-034205-53i2tw65	3	6	speculative	speculative	JJ
cord-034205-53i2tw65	3	7	bubble	bubble	NN
cord-034205-53i2tw65	3	8	in	in	IN
cord-034205-53i2tw65	3	9	European	european	JJ
cord-034205-53i2tw65	3	10	football	football	NN
cord-034205-53i2tw65	3	11	date	date	NN
cord-034205-53i2tw65	4	1	:	:	:
cord-034205-53i2tw65	4	2	2020	2020	CD
cord-034205-53i2tw65	4	3	-	-	SYM
cord-034205-53i2tw65	4	4	10	10	CD
cord-034205-53i2tw65	4	5	-	-	SYM
cord-034205-53i2tw65	4	6	24	24	CD
cord-034205-53i2tw65	4	7	journal	journal	NN
cord-034205-53i2tw65	4	8	:	:	:
cord-034205-53i2tw65	4	9	J	J	NNP
cord-034205-53i2tw65	4	10	Bus	Bus	NNP
cord-034205-53i2tw65	4	11	Econ	Econ	NNP
cord-034205-53i2tw65	4	12	DOI	DOI	NNP
cord-034205-53i2tw65	4	13	:	:	:
cord-034205-53i2tw65	4	14	10.1007	10.1007	CD
cord-034205-53i2tw65	4	15	/	/	SYM
cord-034205-53i2tw65	4	16	s11573	s11573	NN
cord-034205-53i2tw65	4	17	-	-	HYPH
cord-034205-53i2tw65	4	18	020	020	CD
cord-034205-53i2tw65	4	19	-	-	HYPH
cord-034205-53i2tw65	4	20	01015	01015	CD
cord-034205-53i2tw65	4	21	-	-	SYM
cord-034205-53i2tw65	4	22	8	8	CD
cord-034205-53i2tw65	4	23	sha	sha	NN
cord-034205-53i2tw65	4	24	:	:	:
cord-034205-53i2tw65	5	1	f032c19d0fc6103a307f0f87e182eaab4d1d3f78	f032c19d0fc6103a307f0f87e182eaab4d1d3f78	NNP
cord-034205-53i2tw65	5	2	doc_id	doc_id	CD
cord-034205-53i2tw65	5	3	:	:	:
cord-034205-53i2tw65	5	4	34205	34205	CD
cord-034205-53i2tw65	5	5	cord_uid	cord_uid	NNS
cord-034205-53i2tw65	5	6	:	:	:
cord-034205-53i2tw65	6	1	53i2tw65	53i2tw65	CD
cord-034205-53i2tw65	7	1	In	in	IN
cord-034205-53i2tw65	7	2	light	light	NN
cord-034205-53i2tw65	7	3	of	of	IN
cord-034205-53i2tw65	7	4	increasing	increase	VBG
cord-034205-53i2tw65	7	5	salaries	salary	NNS
cord-034205-53i2tw65	7	6	and	and	CC
cord-034205-53i2tw65	7	7	transfer	transfer	NN
cord-034205-53i2tw65	7	8	fees	fee	NNS
cord-034205-53i2tw65	7	9	,	,	,
cord-034205-53i2tw65	7	10	the	the	DT
cord-034205-53i2tw65	7	11	present	present	JJ
cord-034205-53i2tw65	7	12	study	study	NN
cord-034205-53i2tw65	7	13	investigates	investigate	VBZ
cord-034205-53i2tw65	7	14	the	the	DT
cord-034205-53i2tw65	7	15	existence	existence	NN
cord-034205-53i2tw65	7	16	of	of	IN
cord-034205-53i2tw65	7	17	a	a	DT
cord-034205-53i2tw65	7	18	speculative	speculative	JJ
cord-034205-53i2tw65	7	19	bubble	bubble	NN
cord-034205-53i2tw65	7	20	in	in	IN
cord-034205-53i2tw65	7	21	European	european	JJ
cord-034205-53i2tw65	7	22	football	football	NN
cord-034205-53i2tw65	7	23	.	.	.
cord-034205-53i2tw65	8	1	By	by	IN
cord-034205-53i2tw65	8	2	applying	apply	VBG
cord-034205-53i2tw65	8	3	the	the	DT
cord-034205-53i2tw65	8	4	Kindleberger	Kindleberger	NNP
cord-034205-53i2tw65	8	5	–	–	HYPH
cord-034205-53i2tw65	8	6	Minsky	Minsky	NNP
cord-034205-53i2tw65	8	7	model	model	NN
cord-034205-53i2tw65	8	8	to	to	IN
cord-034205-53i2tw65	8	9	football	football	NN
cord-034205-53i2tw65	8	10	,	,	,
cord-034205-53i2tw65	8	11	we	-PRON-	PRP
cord-034205-53i2tw65	8	12	show	show	VBP
cord-034205-53i2tw65	8	13	that	that	IN
cord-034205-53i2tw65	8	14	developments	development	NNS
cord-034205-53i2tw65	8	15	in	in	IN
cord-034205-53i2tw65	8	16	recent	recent	JJ
cord-034205-53i2tw65	8	17	years	year	NNS
cord-034205-53i2tw65	8	18	do	do	VBP
cord-034205-53i2tw65	8	19	not	not	RB
cord-034205-53i2tw65	8	20	meet	meet	VB
cord-034205-53i2tw65	8	21	the	the	DT
cord-034205-53i2tw65	8	22	criteria	criterion	NNS
cord-034205-53i2tw65	8	23	of	of	IN
cord-034205-53i2tw65	8	24	a	a	DT
cord-034205-53i2tw65	8	25	classic	classic	JJ
cord-034205-53i2tw65	8	26	bubble	bubble	NN
cord-034205-53i2tw65	8	27	.	.	.
cord-034205-53i2tw65	9	1	Although	although	IN
cord-034205-53i2tw65	9	2	transfer	transfer	NN
cord-034205-53i2tw65	9	3	fee	fee	NN
cord-034205-53i2tw65	9	4	spending	spending	NN
cord-034205-53i2tw65	9	5	in	in	IN
cord-034205-53i2tw65	9	6	recent	recent	JJ
cord-034205-53i2tw65	9	7	years	year	NNS
cord-034205-53i2tw65	9	8	does	do	VBZ
cord-034205-53i2tw65	9	9	meet	meet	VB
cord-034205-53i2tw65	9	10	the	the	DT
cord-034205-53i2tw65	9	11	typical	typical	JJ
cord-034205-53i2tw65	9	12	pattern	pattern	NN
cord-034205-53i2tw65	9	13	seen	see	VBN
cord-034205-53i2tw65	9	14	in	in	IN
cord-034205-53i2tw65	9	15	historical	historical	JJ
cord-034205-53i2tw65	9	16	bubbles	bubble	NNS
cord-034205-53i2tw65	9	17	,	,	,
cord-034205-53i2tw65	9	18	the	the	DT
cord-034205-53i2tw65	9	19	case	case	NN
cord-034205-53i2tw65	9	20	of	of	IN
cord-034205-53i2tw65	9	21	football	football	NN
cord-034205-53i2tw65	9	22	rather	rather	RB
cord-034205-53i2tw65	9	23	resembles	resemble	VBZ
cord-034205-53i2tw65	9	24	an	an	DT
cord-034205-53i2tw65	9	25	atypical	atypical	JJ
cord-034205-53i2tw65	9	26	bubble	bubble	NN
cord-034205-53i2tw65	9	27	.	.	.
cord-034205-53i2tw65	10	1	This	this	DT
cord-034205-53i2tw65	10	2	is	be	VBZ
cord-034205-53i2tw65	10	3	because	because	IN
cord-034205-53i2tw65	10	4	the	the	DT
cord-034205-53i2tw65	10	5	rise	rise	NN
cord-034205-53i2tw65	10	6	in	in	IN
cord-034205-53i2tw65	10	7	transfer	transfer	NN
cord-034205-53i2tw65	10	8	fees	fee	NNS
cord-034205-53i2tw65	10	9	for	for	IN
cord-034205-53i2tw65	10	10	most	most	JJS
cord-034205-53i2tw65	10	11	clubs	club	NNS
cord-034205-53i2tw65	10	12	is	be	VBZ
cord-034205-53i2tw65	10	13	largely	largely	RB
cord-034205-53i2tw65	10	14	backed	back	VBN
cord-034205-53i2tw65	10	15	by	by	IN
cord-034205-53i2tw65	10	16	cash	cash	NN
cord-034205-53i2tw65	10	17	inflows	inflow	NNS
cord-034205-53i2tw65	10	18	,	,	,
cord-034205-53i2tw65	10	19	prompting	prompt	VBG
cord-034205-53i2tw65	10	20	an	an	DT
cord-034205-53i2tw65	10	21	elevator	elevator	NN
cord-034205-53i2tw65	10	22	effect	effect	NN
cord-034205-53i2tw65	10	23	for	for	IN
cord-034205-53i2tw65	10	24	transfer	transfer	NN
cord-034205-53i2tw65	10	25	fees	fee	NNS
cord-034205-53i2tw65	10	26	.	.	.
cord-034205-53i2tw65	11	1	Typical	typical	JJ
cord-034205-53i2tw65	11	2	bubbles	bubble	NNS
cord-034205-53i2tw65	11	3	,	,	,
cord-034205-53i2tw65	11	4	on	on	IN
cord-034205-53i2tw65	11	5	the	the	DT
cord-034205-53i2tw65	11	6	other	other	JJ
cord-034205-53i2tw65	11	7	hand	hand	NN
cord-034205-53i2tw65	11	8	,	,	,
cord-034205-53i2tw65	11	9	contain	contain	VBP
cord-034205-53i2tw65	11	10	heavy	heavy	JJ
cord-034205-53i2tw65	11	11	debt	debt	NN
cord-034205-53i2tw65	11	12	-	-	HYPH
cord-034205-53i2tw65	11	13	financing	financing	NN
cord-034205-53i2tw65	11	14	in	in	IN
cord-034205-53i2tw65	11	15	the	the	DT
cord-034205-53i2tw65	11	16	absence	absence	NN
cord-034205-53i2tw65	11	17	of	of	IN
cord-034205-53i2tw65	11	18	respective	respective	JJ
cord-034205-53i2tw65	11	19	and	and	CC
cord-034205-53i2tw65	11	20	sustainable	sustainable	JJ
cord-034205-53i2tw65	11	21	cash	cash	NN
cord-034205-53i2tw65	11	22	inflows	inflow	NNS
cord-034205-53i2tw65	11	23	.	.	.
cord-034205-53i2tw65	12	1	Nevertheless	nevertheless	RB
cord-034205-53i2tw65	12	2	,	,	,
cord-034205-53i2tw65	12	3	despite	despite	IN
cord-034205-53i2tw65	12	4	the	the	DT
cord-034205-53i2tw65	12	5	absence	absence	NN
cord-034205-53i2tw65	12	6	of	of	IN
cord-034205-53i2tw65	12	7	a	a	DT
cord-034205-53i2tw65	12	8	speculative	speculative	JJ
cord-034205-53i2tw65	12	9	bubble	bubble	NN
cord-034205-53i2tw65	12	10	on	on	IN
cord-034205-53i2tw65	12	11	the	the	DT
cord-034205-53i2tw65	12	12	aggregated	aggregate	VBN
cord-034205-53i2tw65	12	13	league	league	NN
cord-034205-53i2tw65	12	14	level	level	NN
cord-034205-53i2tw65	12	15	,	,	,
cord-034205-53i2tw65	12	16	some	some	DT
cord-034205-53i2tw65	12	17	individual	individual	JJ
cord-034205-53i2tw65	12	18	clubs	club	NNS
cord-034205-53i2tw65	12	19	seem	seem	VBP
cord-034205-53i2tw65	12	20	to	to	TO
cord-034205-53i2tw65	12	21	“	"	``
cord-034205-53i2tw65	12	22	live	live	VB
cord-034205-53i2tw65	12	23	in	in	IN
cord-034205-53i2tw65	12	24	a	a	DT
cord-034205-53i2tw65	12	25	bubble	bubble	NN
cord-034205-53i2tw65	12	26	”	"	''
cord-034205-53i2tw65	12	27	.	.	.
cord-034205-53i2tw65	13	1	Furthermore	furthermore	RB
cord-034205-53i2tw65	13	2	,	,	,
cord-034205-53i2tw65	13	3	the	the	DT
cord-034205-53i2tw65	13	4	French	french	JJ
cord-034205-53i2tw65	13	5	and	and	CC
cord-034205-53i2tw65	13	6	especially	especially	RB
cord-034205-53i2tw65	13	7	Italian	italian	JJ
cord-034205-53i2tw65	13	8	leagues	league	NNS
cord-034205-53i2tw65	13	9	should	should	MD
cord-034205-53i2tw65	13	10	be	be	VB
cord-034205-53i2tw65	13	11	cautious	cautious	JJ
cord-034205-53i2tw65	13	12	about	about	IN
cord-034205-53i2tw65	13	13	overspending	overspend	VBG
cord-034205-53i2tw65	13	14	.	.	.
cord-034205-53i2tw65	14	1	We	-PRON-	PRP
cord-034205-53i2tw65	14	2	further	further	RB
cord-034205-53i2tw65	14	3	discuss	discuss	VBP
cord-034205-53i2tw65	14	4	the	the	DT
cord-034205-53i2tw65	14	5	main	main	JJ
cord-034205-53i2tw65	14	6	risk	risk	NN
cord-034205-53i2tw65	14	7	factors	factor	NNS
cord-034205-53i2tw65	14	8	that	that	WDT
cord-034205-53i2tw65	14	9	can	can	MD
cord-034205-53i2tw65	14	10	lead	lead	VB
cord-034205-53i2tw65	14	11	to	to	IN
cord-034205-53i2tw65	14	12	a	a	DT
cord-034205-53i2tw65	14	13	turning	turning	NN
cord-034205-53i2tw65	14	14	point	point	NN
cord-034205-53i2tw65	14	15	in	in	IN
cord-034205-53i2tw65	14	16	European	european	JJ
cord-034205-53i2tw65	14	17	football	football	NN
cord-034205-53i2tw65	14	18	’s	’s	POS
cord-034205-53i2tw65	14	19	constant	constant	JJ
cord-034205-53i2tw65	14	20	revenue	revenue	NN
cord-034205-53i2tw65	14	21	growth	growth	NN
cord-034205-53i2tw65	14	22	,	,	,
cord-034205-53i2tw65	14	23	including	include	VBG
cord-034205-53i2tw65	14	24	potential	potential	JJ
cord-034205-53i2tw65	14	25	implications	implication	NNS
cord-034205-53i2tw65	14	26	of	of	IN
cord-034205-53i2tw65	14	27	a	a	DT
cord-034205-53i2tw65	14	28	financial	financial	JJ
cord-034205-53i2tw65	14	29	downturn	downturn	NN
cord-034205-53i2tw65	14	30	.	.	.
cord-034205-53i2tw65	15	1	Speculative	speculative	JJ
cord-034205-53i2tw65	15	2	bubbles	bubble	NNS
cord-034205-53i2tw65	15	3	are	be	VBP
cord-034205-53i2tw65	15	4	not	not	RB
cord-034205-53i2tw65	15	5	a	a	DT
cord-034205-53i2tw65	15	6	new	new	JJ
cord-034205-53i2tw65	15	7	phenomenon	phenomenon	NN
cord-034205-53i2tw65	15	8	despite	despite	IN
cord-034205-53i2tw65	15	9	the	the	DT
cord-034205-53i2tw65	15	10	New	New	NNP
cord-034205-53i2tw65	15	11	Economy	Economy	NNP
cord-034205-53i2tw65	15	12	and	and	CC
cord-034205-53i2tw65	15	13	housing	housing	NN
cord-034205-53i2tw65	15	14	bubbles	bubble	NNS
cord-034205-53i2tw65	15	15	being	be	VBG
cord-034205-53i2tw65	15	16	two	two	CD
cord-034205-53i2tw65	15	17	prominent	prominent	JJ
cord-034205-53i2tw65	15	18	examples	example	NNS
cord-034205-53i2tw65	15	19	in	in	IN
cord-034205-53i2tw65	15	20	recent	recent	JJ
cord-034205-53i2tw65	15	21	years	year	NNS
cord-034205-53i2tw65	15	22	.	.	.
cord-034205-53i2tw65	16	1	Indeed	indeed	RB
cord-034205-53i2tw65	16	2	,	,	,
cord-034205-53i2tw65	16	3	cases	case	NNS
cord-034205-53i2tw65	16	4	such	such	JJ
cord-034205-53i2tw65	16	5	as	as	IN
cord-034205-53i2tw65	16	6	the	the	DT
cord-034205-53i2tw65	16	7	Tulip	Tulip	NNP
cord-034205-53i2tw65	16	8	mania	mania	NN
cord-034205-53i2tw65	16	9	indicate	indicate	VBP
cord-034205-53i2tw65	16	10	that	that	IN
cord-034205-53i2tw65	16	11	market	market	NN
cord-034205-53i2tw65	16	12	bubbles	bubble	NNS
cord-034205-53i2tw65	16	13	have	have	VBP
cord-034205-53i2tw65	16	14	existed	exist	VBN
cord-034205-53i2tw65	16	15	in	in	IN
cord-034205-53i2tw65	16	16	the	the	DT
cord-034205-53i2tw65	16	17	markets	market	NNS
cord-034205-53i2tw65	16	18	hundreds	hundred	NNS
cord-034205-53i2tw65	16	19	of	of	IN
cord-034205-53i2tw65	16	20	years	year	NNS
cord-034205-53i2tw65	16	21	ago	ago	RB
cord-034205-53i2tw65	16	22	.	.	.
cord-034205-53i2tw65	17	1	Historical	historical	JJ
cord-034205-53i2tw65	17	2	examples	example	NNS
cord-034205-53i2tw65	17	3	further	further	RB
cord-034205-53i2tw65	17	4	illustrate	illustrate	VBP
cord-034205-53i2tw65	17	5	that	that	IN
cord-034205-53i2tw65	17	6	speculative	speculative	JJ
cord-034205-53i2tw65	17	7	bubbles	bubble	NNS
cord-034205-53i2tw65	17	8	are	be	VBP
cord-034205-53i2tw65	17	9	not	not	RB
cord-034205-53i2tw65	17	10	limited	limit	VBN
cord-034205-53i2tw65	17	11	to	to	IN
cord-034205-53i2tw65	17	12	a	a	DT
cord-034205-53i2tw65	17	13	few	few	JJ
cord-034205-53i2tw65	17	14	industries	industry	NNS
cord-034205-53i2tw65	17	15	but	but	CC
cord-034205-53i2tw65	17	16	can	can	MD
cord-034205-53i2tw65	17	17	occur	occur	VB
cord-034205-53i2tw65	17	18	in	in	IN
cord-034205-53i2tw65	17	19	all	all	DT
cord-034205-53i2tw65	17	20	markets	market	NNS
cord-034205-53i2tw65	17	21	that	that	WDT
cord-034205-53i2tw65	17	22	feature	feature	VBP
cord-034205-53i2tw65	17	23	floating	float	VBG
cord-034205-53i2tw65	17	24	prices	price	NNS
cord-034205-53i2tw65	17	25	(	(	-LRB-
cord-034205-53i2tw65	17	26	Kindleberger	Kindleberger	NNP
cord-034205-53i2tw65	17	27	and	and	CC
cord-034205-53i2tw65	17	28	Aliber	Aliber	NNP
cord-034205-53i2tw65	17	29	2005	2005	CD
cord-034205-53i2tw65	17	30	)	)	-RRB-
cord-034205-53i2tw65	17	31	.	.	.
cord-034205-53i2tw65	18	1	In	in	IN
cord-034205-53i2tw65	18	2	such	such	JJ
cord-034205-53i2tw65	18	3	cases	case	NNS
cord-034205-53i2tw65	18	4	,	,	,
cord-034205-53i2tw65	18	5	markets	market	NNS
cord-034205-53i2tw65	18	6	show	show	VBP
cord-034205-53i2tw65	18	7	a	a	DT
cord-034205-53i2tw65	18	8	stable	stable	JJ
cord-034205-53i2tw65	18	9	pattern	pattern	NN
cord-034205-53i2tw65	18	10	of	of	IN
cord-034205-53i2tw65	18	11	prices	price	NNS
cord-034205-53i2tw65	18	12	rising	rise	VBG
cord-034205-53i2tw65	18	13	sharply	sharply	RB
cord-034205-53i2tw65	18	14	to	to	IN
cord-034205-53i2tw65	18	15	a	a	DT
cord-034205-53i2tw65	18	16	high	high	JJ
cord-034205-53i2tw65	18	17	,	,	,
cord-034205-53i2tw65	18	18	followed	follow	VBN
cord-034205-53i2tw65	18	19	by	by	IN
cord-034205-53i2tw65	18	20	a	a	DT
cord-034205-53i2tw65	18	21	subsequent	subsequent	JJ
cord-034205-53i2tw65	18	22	turnover	turnover	NN
cord-034205-53i2tw65	18	23	and	and	CC
cord-034205-53i2tw65	18	24	a	a	DT
cord-034205-53i2tw65	18	25	collapse	collapse	NN
cord-034205-53i2tw65	18	26	to	to	IN
cord-034205-53i2tw65	18	27	the	the	DT
cord-034205-53i2tw65	18	28	extent	extent	NN
cord-034205-53i2tw65	18	29	of	of	IN
cord-034205-53i2tw65	18	30	a	a	DT
cord-034205-53i2tw65	18	31	bubble	bubble	NN
cord-034205-53i2tw65	18	32	-	-	HYPH
cord-034205-53i2tw65	18	33	and	and	CC
cord-034205-53i2tw65	18	34	-	-	HYPH
cord-034205-53i2tw65	18	35	crash	crash	NN
cord-034205-53i2tw65	18	36	pattern	pattern	NN
cord-034205-53i2tw65	18	37	.	.	.
cord-034205-53i2tw65	19	1	This	this	DT
cord-034205-53i2tw65	19	2	price	price	NN
cord-034205-53i2tw65	19	3	movement	movement	NN
cord-034205-53i2tw65	19	4	pattern	pattern	NN
cord-034205-53i2tw65	19	5	is	be	VBZ
cord-034205-53i2tw65	19	6	of	of	IN
cord-034205-53i2tw65	19	7	interest	interest	NN
cord-034205-53i2tw65	19	8	to	to	IN
cord-034205-53i2tw65	19	9	economists	economist	NNS
cord-034205-53i2tw65	19	10	since	since	IN
cord-034205-53i2tw65	19	11	such	such	JJ
cord-034205-53i2tw65	19	12	(	(	-LRB-
cord-034205-53i2tw65	19	13	extreme	extreme	JJ
cord-034205-53i2tw65	19	14	)	)	-RRB-
cord-034205-53i2tw65	19	15	price	price	NN
cord-034205-53i2tw65	19	16	movements	movement	NNS
cord-034205-53i2tw65	19	17	are	be	VBP
cord-034205-53i2tw65	19	18	problematic	problematic	JJ
cord-034205-53i2tw65	19	19	for	for	IN
cord-034205-53i2tw65	19	20	economies	economy	NNS
cord-034205-53i2tw65	19	21	as	as	IN
cord-034205-53i2tw65	19	22	a	a	DT
cord-034205-53i2tw65	19	23	whole	whole	NN
cord-034205-53i2tw65	19	24	.	.	.
cord-034205-53i2tw65	20	1	Market	market	NN
cord-034205-53i2tw65	20	2	prices	price	NNS
cord-034205-53i2tw65	20	3	influence	influence	VBP
cord-034205-53i2tw65	20	4	the	the	DT
cord-034205-53i2tw65	20	5	investment	investment	NN
cord-034205-53i2tw65	20	6	decisions	decision	NNS
cord-034205-53i2tw65	20	7	of	of	IN
cord-034205-53i2tw65	20	8	market	market	NN
cord-034205-53i2tw65	20	9	participants	participant	NNS
cord-034205-53i2tw65	20	10	and	and	CC
cord-034205-53i2tw65	20	11	have	have	VBP
cord-034205-53i2tw65	20	12	a	a	DT
cord-034205-53i2tw65	20	13	direct	direct	JJ
cord-034205-53i2tw65	20	14	impact	impact	NN
cord-034205-53i2tw65	20	15	on	on	IN
cord-034205-53i2tw65	20	16	companies	company	NNS
cord-034205-53i2tw65	20	17	'	'	POS
cord-034205-53i2tw65	20	18	financing	financing	NN
cord-034205-53i2tw65	20	19	costs	cost	NNS
cord-034205-53i2tw65	20	20	.	.	.
cord-034205-53i2tw65	21	1	As	as	IN
cord-034205-53i2tw65	21	2	a	a	DT
cord-034205-53i2tw65	21	3	result	result	NN
cord-034205-53i2tw65	21	4	,	,	,
cord-034205-53i2tw65	21	5	extreme	extreme	JJ
cord-034205-53i2tw65	21	6	price	price	NN
cord-034205-53i2tw65	21	7	movements	movement	NNS
cord-034205-53i2tw65	21	8	in	in	IN
cord-034205-53i2tw65	21	9	financial	financial	JJ
cord-034205-53i2tw65	21	10	markets	market	NNS
cord-034205-53i2tw65	21	11	such	such	JJ
cord-034205-53i2tw65	21	12	as	as	IN
cord-034205-53i2tw65	21	13	those	those	DT
cord-034205-53i2tw65	21	14	observed	observe	VBN
cord-034205-53i2tw65	21	15	in	in	IN
cord-034205-53i2tw65	21	16	bubble	bubble	NN
cord-034205-53i2tw65	21	17	-	-	HYPH
cord-034205-53i2tw65	21	18	and	and	CC
cord-034205-53i2tw65	21	19	-	-	HYPH
cord-034205-53i2tw65	21	20	crash	crash	NN
cord-034205-53i2tw65	21	21	patterns	pattern	NNS
cord-034205-53i2tw65	21	22	can	can	MD
cord-034205-53i2tw65	21	23	(	(	-LRB-
cord-034205-53i2tw65	21	24	negatively	negatively	RB
cord-034205-53i2tw65	21	25	)	)	-RRB-
cord-034205-53i2tw65	21	26	affect	affect	VB
cord-034205-53i2tw65	21	27	the	the	DT
cord-034205-53i2tw65	21	28	so	so	RB
cord-034205-53i2tw65	21	29	-	-	HYPH
cord-034205-53i2tw65	21	30	called	call	VBN
cord-034205-53i2tw65	21	31	"	"	``
cord-034205-53i2tw65	21	32	real	real	JJ
cord-034205-53i2tw65	21	33	economy	economy	NN
cord-034205-53i2tw65	21	34	"	"	''
cord-034205-53i2tw65	21	35	through	through	IN
cord-034205-53i2tw65	21	36	spillover	spillover	NN
cord-034205-53i2tw65	21	37	effects	effect	NNS
cord-034205-53i2tw65	21	38	(	(	-LRB-
cord-034205-53i2tw65	21	39	for	for	IN
cord-034205-53i2tw65	21	40	an	an	DT
cord-034205-53i2tw65	21	41	evaluation	evaluation	NN
cord-034205-53i2tw65	21	42	of	of	IN
cord-034205-53i2tw65	21	43	whether	whether	IN
cord-034205-53i2tw65	21	44	it	-PRON-	PRP
cord-034205-53i2tw65	21	45	is	be	VBZ
cord-034205-53i2tw65	21	46	possible	possible	JJ
cord-034205-53i2tw65	21	47	to	to	TO
cord-034205-53i2tw65	21	48	design	design	VB
cord-034205-53i2tw65	21	49	markets	market	NNS
cord-034205-53i2tw65	21	50	that	that	WDT
cord-034205-53i2tw65	21	51	preclude	preclude	VBP
cord-034205-53i2tw65	21	52	such	such	JJ
cord-034205-53i2tw65	21	53	bubble	bubble	NN
cord-034205-53i2tw65	21	54	-	-	HYPH
cord-034205-53i2tw65	21	55	and	and	CC
cord-034205-53i2tw65	21	56	-	-	HYPH
cord-034205-53i2tw65	21	57	crash	crash	NN
cord-034205-53i2tw65	21	58	patterns	pattern	NNS
cord-034205-53i2tw65	21	59	,	,	,
cord-034205-53i2tw65	21	60	see	see	VB
cord-034205-53i2tw65	21	61	Palan	Palan	NNP
cord-034205-53i2tw65	21	62	2009	2009	CD
cord-034205-53i2tw65	21	63	)	)	-RRB-
cord-034205-53i2tw65	21	64	.	.	.
cord-034205-53i2tw65	22	1	As	as	IN
cord-034205-53i2tw65	22	2	a	a	DT
cord-034205-53i2tw65	22	3	recent	recent	JJ
cord-034205-53i2tw65	22	4	example	example	NN
cord-034205-53i2tw65	22	5	,	,	,
cord-034205-53i2tw65	22	6	European	european	JJ
cord-034205-53i2tw65	22	7	football	football	NN
cord-034205-53i2tw65	22	8	saw	see	VBD
cord-034205-53i2tw65	22	9	astonishing	astonishing	JJ
cord-034205-53i2tw65	22	10	price	price	NN
cord-034205-53i2tw65	22	11	developments	development	NNS
cord-034205-53i2tw65	22	12	(	(	-LRB-
cord-034205-53i2tw65	22	13	relative	relative	JJ
cord-034205-53i2tw65	22	14	to	to	IN
cord-034205-53i2tw65	22	15	historic	historic	JJ
cord-034205-53i2tw65	22	16	prices	price	NNS
cord-034205-53i2tw65	22	17	)	)	-RRB-
cord-034205-53i2tw65	22	18	in	in	IN
cord-034205-53i2tw65	22	19	the	the	DT
cord-034205-53i2tw65	22	20	past	past	JJ
cord-034205-53i2tw65	22	21	years	year	NNS
cord-034205-53i2tw65	22	22	,	,	,
cord-034205-53i2tw65	22	23	which	which	WDT
cord-034205-53i2tw65	22	24	are	be	VBP
cord-034205-53i2tw65	22	25	garnering	garner	VBG
cord-034205-53i2tw65	22	26	considerable	considerable	JJ
cord-034205-53i2tw65	22	27	public	public	JJ
cord-034205-53i2tw65	22	28	attention	attention	NN
cord-034205-53i2tw65	22	29	.	.	.
cord-034205-53i2tw65	23	1	Although	although	IN
cord-034205-53i2tw65	23	2	discussions	discussion	NNS
cord-034205-53i2tw65	23	3	concerning	concern	VBG
cord-034205-53i2tw65	23	4	the	the	DT
cord-034205-53i2tw65	23	5	risk	risk	NN
cord-034205-53i2tw65	23	6	of	of	IN
cord-034205-53i2tw65	23	7	an	an	DT
cord-034205-53i2tw65	23	8	emerging	emerge	VBG
cord-034205-53i2tw65	23	9	bubble	bubble	NN
cord-034205-53i2tw65	23	10	in	in	IN
cord-034205-53i2tw65	23	11	football	football	NN
cord-034205-53i2tw65	23	12	already	already	RB
cord-034205-53i2tw65	23	13	occurred	occur	VBD
cord-034205-53i2tw65	23	14	in	in	IN
cord-034205-53i2tw65	23	15	2012	2012	CD
cord-034205-53i2tw65	23	16	(	(	-LRB-
cord-034205-53i2tw65	23	17	Lill	Lill	NNP
cord-034205-53i2tw65	23	18	2012	2012	CD
cord-034205-53i2tw65	23	19	)	)	-RRB-
cord-034205-53i2tw65	23	20	,	,	,
cord-034205-53i2tw65	23	21	recently	recently	RB
cord-034205-53i2tw65	23	22	the	the	DT
cord-034205-53i2tw65	23	23	subject	subject	NN
cord-034205-53i2tw65	23	24	has	have	VBZ
cord-034205-53i2tw65	23	25	attracted	attract	VBN
cord-034205-53i2tw65	23	26	renewed	renew	VBN
cord-034205-53i2tw65	23	27	interest	interest	NN
cord-034205-53i2tw65	23	28	-	-	HYPH
cord-034205-53i2tw65	23	29	further	further	RB
cord-034205-53i2tw65	23	30	fueled	fuel	VBN
cord-034205-53i2tw65	23	31	by	by	IN
cord-034205-53i2tw65	23	32	the	the	DT
cord-034205-53i2tw65	23	33	COVID-19	COVID-19	NNP
cord-034205-53i2tw65	23	34	pandemic	pandemic	NN
cord-034205-53i2tw65	23	35	and	and	CC
cord-034205-53i2tw65	23	36	its	-PRON-	PRP$
cord-034205-53i2tw65	23	37	associated	associated	JJ
cord-034205-53i2tw65	23	38	uncertainty	uncertainty	NN
cord-034205-53i2tw65	23	39	for	for	IN
cord-034205-53i2tw65	23	40	the	the	DT
cord-034205-53i2tw65	23	41	football	football	NN
cord-034205-53i2tw65	23	42	industry	industry	NN
cord-034205-53i2tw65	23	43	(	(	-LRB-
cord-034205-53i2tw65	23	44	Follert	Follert	NNP
cord-034205-53i2tw65	23	45	and	and	CC
cord-034205-53i2tw65	23	46	Daumann	Daumann	NNP
cord-034205-53i2tw65	23	47	2020	2020	CD
cord-034205-53i2tw65	23	48	;	;	:
cord-034205-53i2tw65	23	49	Klosok	Klosok	NNP
cord-034205-53i2tw65	23	50	2020	2020	CD
cord-034205-53i2tw65	23	51	)	)	-RRB-
cord-034205-53i2tw65	23	52	.	.	.
cord-034205-53i2tw65	24	1	In	in	IN
cord-034205-53i2tw65	24	2	past	past	JJ
cord-034205-53i2tw65	24	3	transfer	transfer	NN
cord-034205-53i2tw65	24	4	periods	period	NNS
cord-034205-53i2tw65	24	5	,	,	,
cord-034205-53i2tw65	24	6	clubs	club	NNS
cord-034205-53i2tw65	24	7	have	have	VBP
cord-034205-53i2tw65	24	8	repeatedly	repeatedly	RB
cord-034205-53i2tw65	24	9	set	set	VBN
cord-034205-53i2tw65	24	10	new	new	JJ
cord-034205-53i2tw65	24	11	transfer	transfer	NN
cord-034205-53i2tw65	24	12	fee	fee	NN
cord-034205-53i2tw65	24	13	records	record	NNS
cord-034205-53i2tw65	24	14	,	,	,
cord-034205-53i2tw65	24	15	at	at	IN
cord-034205-53i2tw65	24	16	both	both	CC
cord-034205-53i2tw65	24	17	aggregated	aggregated	JJ
cord-034205-53i2tw65	24	18	and	and	CC
cord-034205-53i2tw65	24	19	individual	individual	JJ
cord-034205-53i2tw65	24	20	-	-	HYPH
cord-034205-53i2tw65	24	21	player	player	NN
cord-034205-53i2tw65	24	22	levels	level	NNS
cord-034205-53i2tw65	24	23	.	.	.
cord-034205-53i2tw65	25	1	Although	although	IN
cord-034205-53i2tw65	25	2	the	the	DT
cord-034205-53i2tw65	25	3	English	English	NNP
cord-034205-53i2tw65	25	4	Premier	Premier	NNP
cord-034205-53i2tw65	25	5	League	League	NNP
cord-034205-53i2tw65	25	6	drives	drive	VBZ
cord-034205-53i2tw65	25	7	this	this	DT
cord-034205-53i2tw65	25	8	development	development	NN
cord-034205-53i2tw65	25	9	to	to	IN
cord-034205-53i2tw65	25	10	some	some	DT
cord-034205-53i2tw65	25	11	degree	degree	NN
cord-034205-53i2tw65	25	12	,	,	,
cord-034205-53i2tw65	25	13	the	the	DT
cord-034205-53i2tw65	25	14	pattern	pattern	NN
cord-034205-53i2tw65	25	15	is	be	VBZ
cord-034205-53i2tw65	25	16	also	also	RB
cord-034205-53i2tw65	25	17	present	present	JJ
cord-034205-53i2tw65	25	18	in	in	IN
cord-034205-53i2tw65	25	19	the	the	DT
cord-034205-53i2tw65	25	20	other	other	JJ
cord-034205-53i2tw65	25	21	four	four	CD
cord-034205-53i2tw65	25	22	top	top	JJ
cord-034205-53i2tw65	25	23	European	European	NNP
cord-034205-53i2tw65	25	24	Leagues	Leagues	NNP
cord-034205-53i2tw65	25	25	,	,	,
cord-034205-53i2tw65	25	26	which	which	WDT
cord-034205-53i2tw65	25	27	include	include	VBP
cord-034205-53i2tw65	25	28	Spain	Spain	NNP
cord-034205-53i2tw65	25	29	(	(	-LRB-
cord-034205-53i2tw65	25	30	LaLiga	LaLiga	NNP
cord-034205-53i2tw65	25	31	)	)	-RRB-
cord-034205-53i2tw65	25	32	,	,	,
cord-034205-53i2tw65	25	33	Germany	Germany	NNP
cord-034205-53i2tw65	25	34	(	(	-LRB-
cord-034205-53i2tw65	25	35	Bundesliga	Bundesliga	NNP
cord-034205-53i2tw65	25	36	)	)	-RRB-
cord-034205-53i2tw65	25	37	,	,	,
cord-034205-53i2tw65	25	38	Italy	Italy	NNP
cord-034205-53i2tw65	25	39	(	(	-LRB-
cord-034205-53i2tw65	25	40	Serie	Serie	NNP
cord-034205-53i2tw65	25	41	A	A	NNP
cord-034205-53i2tw65	25	42	)	)	-RRB-
cord-034205-53i2tw65	25	43	,	,	,
cord-034205-53i2tw65	25	44	and	and	CC
cord-034205-53i2tw65	25	45	France	France	NNP
cord-034205-53i2tw65	25	46	(	(	-LRB-
cord-034205-53i2tw65	25	47	Ligue	Ligue	NNP
cord-034205-53i2tw65	25	48	1	1	CD
cord-034205-53i2tw65	25	49	)	)	-RRB-
cord-034205-53i2tw65	25	50	.	.	.
cord-034205-53i2tw65	26	1	Based	base	VBN
cord-034205-53i2tw65	26	2	on	on	IN
cord-034205-53i2tw65	26	3	this	this	DT
cord-034205-53i2tw65	26	4	trend	trend	NN
cord-034205-53i2tw65	26	5	,	,	,
cord-034205-53i2tw65	26	6	transfer	transfer	NN
cord-034205-53i2tw65	26	7	fee	fee	NN
cord-034205-53i2tw65	26	8	developments	development	NNS
cord-034205-53i2tw65	26	9	in	in	IN
cord-034205-53i2tw65	26	10	the	the	DT
cord-034205-53i2tw65	26	11	football	football	NN
cord-034205-53i2tw65	26	12	market	market	NN
cord-034205-53i2tw65	26	13	have	have	VBP
cord-034205-53i2tw65	26	14	been	be	VBN
cord-034205-53i2tw65	26	15	compared	compare	VBN
cord-034205-53i2tw65	26	16	to	to	IN
cord-034205-53i2tw65	26	17	a	a	DT
cord-034205-53i2tw65	26	18	speculative	speculative	JJ
cord-034205-53i2tw65	26	19	bubble	bubble	NN
cord-034205-53i2tw65	26	20	(	(	-LRB-
cord-034205-53i2tw65	26	21	e.g.	e.g.	RB
cord-034205-53i2tw65	26	22	,	,	,
cord-034205-53i2tw65	26	23	Brennan	Brennan	NNP
cord-034205-53i2tw65	26	24	2017	2017	CD
cord-034205-53i2tw65	26	25	;	;	:
cord-034205-53i2tw65	26	26	Smith	Smith	NNP
cord-034205-53i2tw65	26	27	2019	2019	CD
cord-034205-53i2tw65	26	28	)	)	-RRB-
cord-034205-53i2tw65	26	29	.	.	.
cord-034205-53i2tw65	27	1	The	the	DT
cord-034205-53i2tw65	27	2	football	football	NN
cord-034205-53i2tw65	27	3	market	market	NN
cord-034205-53i2tw65	27	4	is	be	VBZ
cord-034205-53i2tw65	27	5	of	of	IN
cord-034205-53i2tw65	27	6	particular	particular	JJ
cord-034205-53i2tw65	27	7	interest	interest	NN
cord-034205-53i2tw65	27	8	since	since	IN
cord-034205-53i2tw65	27	9	it	-PRON-	PRP
cord-034205-53i2tw65	27	10	is	be	VBZ
cord-034205-53i2tw65	27	11	traditionally	traditionally	RB
cord-034205-53i2tw65	27	12	characterized	characterize	VBN
cord-034205-53i2tw65	27	13	by	by	IN
cord-034205-53i2tw65	27	14	an	an	DT
cord-034205-53i2tw65	27	15	overinvestment	overinvestment	NN
cord-034205-53i2tw65	27	16	environment	environment	NN
cord-034205-53i2tw65	27	17	with	with	IN
cord-034205-53i2tw65	27	18	low	low	JJ
cord-034205-53i2tw65	27	19	profitability	profitability	NN
cord-034205-53i2tw65	27	20	and	and	CC
cord-034205-53i2tw65	27	21	high	high	JJ
cord-034205-53i2tw65	27	22	debt	debt	NN
cord-034205-53i2tw65	27	23	levels	level	NNS
cord-034205-53i2tw65	27	24	(	(	-LRB-
cord-034205-53i2tw65	27	25	Franck	Franck	NNP
cord-034205-53i2tw65	27	26	2010a	2010a	NNS
cord-034205-53i2tw65	27	27	)	)	-RRB-
cord-034205-53i2tw65	27	28	.	.	.
cord-034205-53i2tw65	28	1	In	in	IN
cord-034205-53i2tw65	28	2	this	this	DT
cord-034205-53i2tw65	28	3	sense	sense	NN
cord-034205-53i2tw65	28	4	,	,	,
cord-034205-53i2tw65	28	5	the	the	DT
cord-034205-53i2tw65	28	6	present	present	JJ
cord-034205-53i2tw65	28	7	COVID-19	covid-19	JJ
cord-034205-53i2tw65	28	8	crisis	crisis	NN
cord-034205-53i2tw65	28	9	can	can	MD
cord-034205-53i2tw65	28	10	be	be	VB
cord-034205-53i2tw65	28	11	seen	see	VBN
cord-034205-53i2tw65	28	12	as	as	IN
cord-034205-53i2tw65	28	13	a	a	DT
cord-034205-53i2tw65	28	14	kind	kind	NN
cord-034205-53i2tw65	28	15	of	of	IN
cord-034205-53i2tw65	28	16	stress	stress	NN
cord-034205-53i2tw65	28	17	test	test	NN
cord-034205-53i2tw65	28	18	for	for	IN
cord-034205-53i2tw65	28	19	the	the	DT
cord-034205-53i2tw65	28	20	financial	financial	JJ
cord-034205-53i2tw65	28	21	stability	stability	NN
cord-034205-53i2tw65	28	22	of	of	IN
cord-034205-53i2tw65	28	23	European	european	JJ
cord-034205-53i2tw65	28	24	football	football	NN
cord-034205-53i2tw65	28	25	showing	show	VBG
cord-034205-53i2tw65	28	26	the	the	DT
cord-034205-53i2tw65	28	27	weaknesses	weakness	NNS
cord-034205-53i2tw65	28	28	of	of	IN
cord-034205-53i2tw65	28	29	the	the	DT
cord-034205-53i2tw65	28	30	current	current	JJ
cord-034205-53i2tw65	28	31	system	system	NN
cord-034205-53i2tw65	28	32	.	.	.
cord-034205-53i2tw65	29	1	Because	because	IN
cord-034205-53i2tw65	29	2	of	of	IN
cord-034205-53i2tw65	29	3	mounting	mount	VBG
cord-034205-53i2tw65	29	4	criticism	criticism	NN
cord-034205-53i2tw65	29	5	of	of	IN
cord-034205-53i2tw65	29	6	exorbitant	exorbitant	JJ
cord-034205-53i2tw65	29	7	transfer	transfer	NN
cord-034205-53i2tw65	29	8	fees	fee	NNS
cord-034205-53i2tw65	29	9	,	,	,
cord-034205-53i2tw65	29	10	the	the	DT
cord-034205-53i2tw65	29	11	current	current	JJ
cord-034205-53i2tw65	29	12	study	study	NN
cord-034205-53i2tw65	29	13	investigates	investigate	VBZ
cord-034205-53i2tw65	29	14	whether	whether	IN
cord-034205-53i2tw65	29	15	there	there	EX
cord-034205-53i2tw65	29	16	are	be	VBP
cord-034205-53i2tw65	29	17	indicators	indicator	NNS
cord-034205-53i2tw65	29	18	of	of	IN
cord-034205-53i2tw65	29	19	a	a	DT
cord-034205-53i2tw65	29	20	speculative	speculative	JJ
cord-034205-53i2tw65	29	21	bubble	bubble	NN
cord-034205-53i2tw65	29	22	(	(	-LRB-
cord-034205-53i2tw65	29	23	in	in	IN
cord-034205-53i2tw65	29	24	an	an	DT
cord-034205-53i2tw65	29	25	economic	economic	JJ
cord-034205-53i2tw65	29	26	sense	sense	NN
cord-034205-53i2tw65	29	27	)	)	-RRB-
cord-034205-53i2tw65	29	28	in	in	IN
cord-034205-53i2tw65	29	29	European	european	JJ
cord-034205-53i2tw65	29	30	football	football	NN
cord-034205-53i2tw65	29	31	to	to	TO
cord-034205-53i2tw65	29	32	assess	assess	VB
cord-034205-53i2tw65	29	33	the	the	DT
cord-034205-53i2tw65	29	34	financial	financial	JJ
cord-034205-53i2tw65	29	35	stability	stability	NN
cord-034205-53i2tw65	29	36	of	of	IN
cord-034205-53i2tw65	29	37	European	european	JJ
cord-034205-53i2tw65	29	38	football	football	NN
cord-034205-53i2tw65	29	39	.	.	.
cord-034205-53i2tw65	30	1	By	by	IN
cord-034205-53i2tw65	30	2	applying	apply	VBG
cord-034205-53i2tw65	30	3	the	the	DT
cord-034205-53i2tw65	30	4	Kindleberger	Kindleberger	NNP
cord-034205-53i2tw65	30	5	-	-	HYPH
cord-034205-53i2tw65	30	6	Minsky	Minsky	NNP
cord-034205-53i2tw65	30	7	model	model	NN
cord-034205-53i2tw65	30	8	to	to	IN
cord-034205-53i2tw65	30	9	European	european	JJ
cord-034205-53i2tw65	30	10	football	football	NN
cord-034205-53i2tw65	30	11	,	,	,
cord-034205-53i2tw65	30	12	the	the	DT
cord-034205-53i2tw65	30	13	study	study	NN
cord-034205-53i2tw65	30	14	is	be	VBZ
cord-034205-53i2tw65	30	15	conceptual	conceptual	JJ
cord-034205-53i2tw65	30	16	in	in	IN
cord-034205-53i2tw65	30	17	nature	nature	NN
cord-034205-53i2tw65	30	18	,	,	,
cord-034205-53i2tw65	30	19	which	which	WDT
cord-034205-53i2tw65	30	20	is	be	VBZ
cord-034205-53i2tw65	30	21	complemented	complement	VBN
cord-034205-53i2tw65	30	22	by	by	IN
cord-034205-53i2tw65	30	23	quantitative	quantitative	JJ
cord-034205-53i2tw65	30	24	key	key	JJ
cord-034205-53i2tw65	30	25	indicators	indicator	NNS
cord-034205-53i2tw65	30	26	used	use	VBN
cord-034205-53i2tw65	30	27	to	to	TO
cord-034205-53i2tw65	30	28	assess	assess	VB
cord-034205-53i2tw65	30	29	the	the	DT
cord-034205-53i2tw65	30	30	risk	risk	NN
cord-034205-53i2tw65	30	31	of	of	IN
cord-034205-53i2tw65	30	32	a	a	DT
cord-034205-53i2tw65	30	33	speculative	speculative	JJ
cord-034205-53i2tw65	30	34	bubble	bubble	NN
cord-034205-53i2tw65	30	35	in	in	IN
cord-034205-53i2tw65	30	36	other	other	JJ
cord-034205-53i2tw65	30	37	industries	industry	NNS
cord-034205-53i2tw65	30	38	(	(	-LRB-
cord-034205-53i2tw65	30	39	e.g.	e.g.	RB
cord-034205-53i2tw65	30	40	,	,	,
cord-034205-53i2tw65	30	41	the	the	DT
cord-034205-53i2tw65	30	42	housing	housing	NN
cord-034205-53i2tw65	30	43	market	market	NN
cord-034205-53i2tw65	30	44	)	)	-RRB-
cord-034205-53i2tw65	30	45	.	.	.
cord-034205-53i2tw65	31	1	The	the	DT
cord-034205-53i2tw65	31	2	findings	finding	NNS
cord-034205-53i2tw65	31	3	of	of	IN
cord-034205-53i2tw65	31	4	this	this	DT
cord-034205-53i2tw65	31	5	paper	paper	NN
cord-034205-53i2tw65	31	6	are	be	VBP
cord-034205-53i2tw65	31	7	,	,	,
cord-034205-53i2tw65	31	8	on	on	IN
cord-034205-53i2tw65	31	9	the	the	DT
cord-034205-53i2tw65	31	10	one	one	CD
cord-034205-53i2tw65	31	11	hand	hand	NN
cord-034205-53i2tw65	31	12	,	,	,
cord-034205-53i2tw65	31	13	of	of	IN
cord-034205-53i2tw65	31	14	practical	practical	JJ
cord-034205-53i2tw65	31	15	relevance	relevance	NN
cord-034205-53i2tw65	31	16	for	for	IN
cord-034205-53i2tw65	31	17	football	football	NN
cord-034205-53i2tw65	31	18	governing	govern	VBG
cord-034205-53i2tw65	31	19	bodies	body	NNS
cord-034205-53i2tw65	31	20	and	and	CC
cord-034205-53i2tw65	31	21	club	club	NN
cord-034205-53i2tw65	31	22	managers	manager	NNS
cord-034205-53i2tw65	31	23	.	.	.
cord-034205-53i2tw65	32	1	In	in	IN
cord-034205-53i2tw65	32	2	the	the	DT
cord-034205-53i2tw65	32	3	case	case	NN
cord-034205-53i2tw65	32	4	of	of	IN
cord-034205-53i2tw65	32	5	a	a	DT
cord-034205-53i2tw65	32	6	speculative	speculative	JJ
cord-034205-53i2tw65	32	7	bubble	bubble	NN
cord-034205-53i2tw65	32	8	,	,	,
cord-034205-53i2tw65	32	9	it	-PRON-	PRP
cord-034205-53i2tw65	32	10	could	could	MD
cord-034205-53i2tw65	32	11	be	be	VB
cord-034205-53i2tw65	32	12	an	an	DT
cord-034205-53i2tw65	32	13	important	important	JJ
cord-034205-53i2tw65	32	14	implication	implication	NN
cord-034205-53i2tw65	32	15	for	for	IN
cord-034205-53i2tw65	32	16	the	the	DT
cord-034205-53i2tw65	32	17	international	international	JJ
cord-034205-53i2tw65	32	18	and	and	CC
cord-034205-53i2tw65	32	19	national	national	JJ
cord-034205-53i2tw65	32	20	governing	govern	VBG
cord-034205-53i2tw65	32	21	bodies	body	NNS
cord-034205-53i2tw65	32	22	to	to	TO
cord-034205-53i2tw65	32	23	enforce	enforce	VB
cord-034205-53i2tw65	32	24	stricter	strict	JJR
cord-034205-53i2tw65	32	25	financial	financial	JJ
cord-034205-53i2tw65	32	26	regulations	regulation	NNS
cord-034205-53i2tw65	32	27	beyond	beyond	IN
cord-034205-53i2tw65	32	28	those	those	DT
cord-034205-53i2tw65	32	29	existing	exist	VBG
cord-034205-53i2tw65	32	30	(	(	-LRB-
cord-034205-53i2tw65	32	31	e.g.	e.g.	RB
cord-034205-53i2tw65	32	32	,	,	,
cord-034205-53i2tw65	32	33	UEFA	UEFA	NNP
cord-034205-53i2tw65	32	34	's	's	POS
cord-034205-53i2tw65	32	35	Financial	Financial	NNP
cord-034205-53i2tw65	32	36	Fair	Fair	NNP
cord-034205-53i2tw65	32	37	Play	Play	NNP
cord-034205-53i2tw65	32	38	)	)	-RRB-
cord-034205-53i2tw65	32	39	.	.	.
cord-034205-53i2tw65	33	1	Moreover	moreover	RB
cord-034205-53i2tw65	33	2	,	,	,
cord-034205-53i2tw65	33	3	club	club	NN
cord-034205-53i2tw65	33	4	managers	manager	NNS
cord-034205-53i2tw65	33	5	should	should	MD
cord-034205-53i2tw65	33	6	be	be	VB
cord-034205-53i2tw65	33	7	interested	interested	JJ
cord-034205-53i2tw65	33	8	in	in	IN
cord-034205-53i2tw65	33	9	this	this	DT
cord-034205-53i2tw65	33	10	question	question	NN
cord-034205-53i2tw65	33	11	to	to	TO
cord-034205-53i2tw65	33	12	restrict	restrict	VB
cord-034205-53i2tw65	33	13	their	-PRON-	PRP$
cord-034205-53i2tw65	33	14	investment	investment	NN
cord-034205-53i2tw65	33	15	behavior	behavior	NN
cord-034205-53i2tw65	33	16	in	in	IN
cord-034205-53i2tw65	33	17	case	case	NN
cord-034205-53i2tw65	33	18	of	of	IN
cord-034205-53i2tw65	33	19	an	an	DT
cord-034205-53i2tw65	33	20	emerging	emerge	VBG
cord-034205-53i2tw65	33	21	bubble	bubble	NN
cord-034205-53i2tw65	33	22	and	and	CC
cord-034205-53i2tw65	33	23	to	to	TO
cord-034205-53i2tw65	33	24	ensure	ensure	VB
cord-034205-53i2tw65	33	25	the	the	DT
cord-034205-53i2tw65	33	26	club	club	NN
cord-034205-53i2tw65	33	27	's	's	POS
cord-034205-53i2tw65	33	28	financial	financial	JJ
cord-034205-53i2tw65	33	29	stability	stability	NN
cord-034205-53i2tw65	33	30	.	.	.
cord-034205-53i2tw65	34	1	On	on	IN
cord-034205-53i2tw65	34	2	the	the	DT
cord-034205-53i2tw65	34	3	other	other	JJ
cord-034205-53i2tw65	34	4	hand	hand	NN
cord-034205-53i2tw65	34	5	,	,	,
cord-034205-53i2tw65	34	6	the	the	DT
cord-034205-53i2tw65	34	7	results	result	NNS
cord-034205-53i2tw65	34	8	of	of	IN
cord-034205-53i2tw65	34	9	our	-PRON-	PRP$
cord-034205-53i2tw65	34	10	analysis	analysis	NN
cord-034205-53i2tw65	34	11	should	should	MD
cord-034205-53i2tw65	34	12	contest	contest	VB
cord-034205-53i2tw65	34	13	the	the	DT
cord-034205-53i2tw65	34	14	public	public	JJ
cord-034205-53i2tw65	34	15	discussion	discussion	NN
cord-034205-53i2tw65	34	16	about	about	IN
cord-034205-53i2tw65	34	17	a	a	DT
cord-034205-53i2tw65	34	18	speculative	speculative	JJ
cord-034205-53i2tw65	34	19	bubble	bubble	NN
cord-034205-53i2tw65	34	20	in	in	IN
cord-034205-53i2tw65	34	21	European	european	JJ
cord-034205-53i2tw65	34	22	football	football	NN
cord-034205-53i2tw65	34	23	from	from	IN
cord-034205-53i2tw65	34	24	an	an	DT
cord-034205-53i2tw65	34	25	analytical	analytical	JJ
cord-034205-53i2tw65	34	26	perspective	perspective	NN
cord-034205-53i2tw65	34	27	and	and	CC
cord-034205-53i2tw65	34	28	should	should	MD
cord-034205-53i2tw65	34	29	thus	thus	RB
cord-034205-53i2tw65	34	30	reduce	reduce	VB
cord-034205-53i2tw65	34	31	the	the	DT
cord-034205-53i2tw65	34	32	debate	debate	NN
cord-034205-53i2tw65	34	33	's	's	POS
cord-034205-53i2tw65	34	34	emotional	emotional	JJ
cord-034205-53i2tw65	34	35	factor	factor	NN
cord-034205-53i2tw65	34	36	.	.	.
cord-034205-53i2tw65	35	1	Furthermore	furthermore	RB
cord-034205-53i2tw65	35	2	,	,	,
cord-034205-53i2tw65	35	3	the	the	DT
cord-034205-53i2tw65	35	4	paper	paper	NN
cord-034205-53i2tw65	35	5	contributes	contribute	VBZ
cord-034205-53i2tw65	35	6	to	to	IN
cord-034205-53i2tw65	35	7	the	the	DT
cord-034205-53i2tw65	35	8	large	large	JJ
cord-034205-53i2tw65	35	9	academic	academic	JJ
cord-034205-53i2tw65	35	10	research	research	NN
cord-034205-53i2tw65	35	11	stream	stream	NN
cord-034205-53i2tw65	35	12	focusing	focus	VBG
cord-034205-53i2tw65	35	13	on	on	IN
cord-034205-53i2tw65	35	14	financial	financial	JJ
cord-034205-53i2tw65	35	15	stability	stability	NN
cord-034205-53i2tw65	35	16	and	and	CC
cord-034205-53i2tw65	35	17	insolvencies	insolvency	NNS
cord-034205-53i2tw65	35	18	in	in	IN
cord-034205-53i2tw65	35	19	football	football	NN
cord-034205-53i2tw65	35	20	.	.	.
cord-034205-53i2tw65	36	1	The	the	DT
cord-034205-53i2tw65	36	2	paper	paper	NN
cord-034205-53i2tw65	36	3	is	be	VBZ
cord-034205-53i2tw65	36	4	structured	structure	VBN
cord-034205-53i2tw65	36	5	as	as	IN
cord-034205-53i2tw65	36	6	follows	follow	VBZ
cord-034205-53i2tw65	36	7	.	.	.
cord-034205-53i2tw65	37	1	First	first	RB
cord-034205-53i2tw65	37	2	,	,	,
cord-034205-53i2tw65	37	3	we	-PRON-	PRP
cord-034205-53i2tw65	37	4	provide	provide	VBP
cord-034205-53i2tw65	37	5	a	a	DT
cord-034205-53i2tw65	37	6	short	short	JJ
cord-034205-53i2tw65	37	7	description	description	NN
cord-034205-53i2tw65	37	8	of	of	IN
cord-034205-53i2tw65	37	9	the	the	DT
cord-034205-53i2tw65	37	10	football	football	NN
cord-034205-53i2tw65	37	11	labor	labor	NN
cord-034205-53i2tw65	37	12	market	market	NN
cord-034205-53i2tw65	37	13	and	and	CC
cord-034205-53i2tw65	37	14	the	the	DT
cord-034205-53i2tw65	37	15	clubs	club	NNS
cord-034205-53i2tw65	37	16	'	'	POS
cord-034205-53i2tw65	37	17	financing	financing	NN
cord-034205-53i2tw65	37	18	,	,	,
cord-034205-53i2tw65	37	19	including	include	VBG
cord-034205-53i2tw65	37	20	an	an	DT
cord-034205-53i2tw65	37	21	overview	overview	NN
cord-034205-53i2tw65	37	22	of	of	IN
cord-034205-53i2tw65	37	23	the	the	DT
cord-034205-53i2tw65	37	24	related	related	JJ
cord-034205-53i2tw65	37	25	literature	literature	NN
cord-034205-53i2tw65	37	26	(	(	-LRB-
cord-034205-53i2tw65	37	27	Sect	Sect	NNP
cord-034205-53i2tw65	37	28	.	.	.
cord-034205-53i2tw65	37	29	2	2	CD
cord-034205-53i2tw65	37	30	)	)	-RRB-
cord-034205-53i2tw65	37	31	.	.	.
cord-034205-53i2tw65	38	1	We	-PRON-	PRP
cord-034205-53i2tw65	38	2	then	then	RB
cord-034205-53i2tw65	38	3	present	present	VBP
cord-034205-53i2tw65	38	4	a	a	DT
cord-034205-53i2tw65	38	5	theoretical	theoretical	JJ
cord-034205-53i2tw65	38	6	framework	framework	NN
cord-034205-53i2tw65	38	7	and	and	CC
cord-034205-53i2tw65	38	8	general	general	JJ
cord-034205-53i2tw65	38	9	definition	definition	NN
cord-034205-53i2tw65	38	10	for	for	IN
cord-034205-53i2tw65	38	11	speculative	speculative	JJ
cord-034205-53i2tw65	38	12	bubbles	bubble	NNS
cord-034205-53i2tw65	38	13	alongside	alongside	IN
cord-034205-53i2tw65	38	14	a	a	DT
cord-034205-53i2tw65	38	15	description	description	NN
cord-034205-53i2tw65	38	16	of	of	IN
cord-034205-53i2tw65	38	17	the	the	DT
cord-034205-53i2tw65	38	18	Kindleberger	Kindleberger	NNP
cord-034205-53i2tw65	38	19	-	-	HYPH
cord-034205-53i2tw65	38	20	Minsky	Minsky	NNP
cord-034205-53i2tw65	38	21	model	model	NN
cord-034205-53i2tw65	38	22	,	,	,
cord-034205-53i2tw65	38	23	which	which	WDT
cord-034205-53i2tw65	38	24	explains	explain	VBZ
cord-034205-53i2tw65	38	25	the	the	DT
cord-034205-53i2tw65	38	26	different	different	JJ
cord-034205-53i2tw65	38	27	phases	phase	NNS
cord-034205-53i2tw65	38	28	of	of	IN
cord-034205-53i2tw65	38	29	a	a	DT
cord-034205-53i2tw65	38	30	typical	typical	JJ
cord-034205-53i2tw65	38	31	1	1	CD
cord-034205-53i2tw65	38	32	bubble	bubble	NN
cord-034205-53i2tw65	38	33	.	.	.
cord-034205-53i2tw65	39	1	Next	next	RB
cord-034205-53i2tw65	39	2	,	,	,
cord-034205-53i2tw65	39	3	we	-PRON-	PRP
cord-034205-53i2tw65	39	4	apply	apply	VBP
cord-034205-53i2tw65	39	5	the	the	DT
cord-034205-53i2tw65	39	6	model	model	NN
cord-034205-53i2tw65	39	7	to	to	IN
cord-034205-53i2tw65	39	8	the	the	DT
cord-034205-53i2tw65	39	9	current	current	JJ
cord-034205-53i2tw65	39	10	situation	situation	NN
cord-034205-53i2tw65	39	11	in	in	IN
cord-034205-53i2tw65	39	12	European	european	JJ
cord-034205-53i2tw65	39	13	football	football	NN
cord-034205-53i2tw65	39	14	(	(	-LRB-
cord-034205-53i2tw65	39	15	Sect	Sect	NNP
cord-034205-53i2tw65	39	16	.	.	.
cord-034205-53i2tw65	39	17	3	3	CD
cord-034205-53i2tw65	39	18	)	)	-RRB-
cord-034205-53i2tw65	39	19	.	.	.
cord-034205-53i2tw65	40	1	This	this	DT
cord-034205-53i2tw65	40	2	is	be	VBZ
cord-034205-53i2tw65	40	3	followed	follow	VBN
cord-034205-53i2tw65	40	4	by	by	IN
cord-034205-53i2tw65	40	5	a	a	DT
cord-034205-53i2tw65	40	6	discussion	discussion	NN
cord-034205-53i2tw65	40	7	of	of	IN
cord-034205-53i2tw65	40	8	the	the	DT
cord-034205-53i2tw65	40	9	main	main	JJ
cord-034205-53i2tw65	40	10	risk	risk	NN
cord-034205-53i2tw65	40	11	factors	factor	NNS
cord-034205-53i2tw65	40	12	for	for	IN
cord-034205-53i2tw65	40	13	the	the	DT
cord-034205-53i2tw65	40	14	recent	recent	JJ
cord-034205-53i2tw65	40	15	transfer	transfer	NN
cord-034205-53i2tw65	40	16	fee	fee	NN
cord-034205-53i2tw65	40	17	growth	growth	NN
cord-034205-53i2tw65	40	18	(	(	-LRB-
cord-034205-53i2tw65	40	19	Sect	Sect	NNP
cord-034205-53i2tw65	40	20	.	.	.
cord-034205-53i2tw65	40	21	4	4	LS
cord-034205-53i2tw65	40	22	)	)	-RRB-
cord-034205-53i2tw65	40	23	.	.	.
cord-034205-53i2tw65	41	1	Finally	finally	RB
cord-034205-53i2tw65	41	2	,	,	,
cord-034205-53i2tw65	41	3	we	-PRON-	PRP
cord-034205-53i2tw65	41	4	conclude	conclude	VBP
cord-034205-53i2tw65	41	5	our	-PRON-	PRP$
cord-034205-53i2tw65	41	6	analysis	analysis	NN
cord-034205-53i2tw65	41	7	in	in	IN
cord-034205-53i2tw65	41	8	Sect	Sect	NNP
cord-034205-53i2tw65	41	9	.	.	.
cord-034205-53i2tw65	42	1	5	5	LS
cord-034205-53i2tw65	42	2	.	.	.
cord-034205-53i2tw65	43	1	Every	every	DT
cord-034205-53i2tw65	43	2	market	market	NN
cord-034205-53i2tw65	43	3	(	(	-LRB-
cord-034205-53i2tw65	43	4	e.g.	e.g.	RB
cord-034205-53i2tw65	43	5	,	,	,
cord-034205-53i2tw65	43	6	stock	stock	NN
cord-034205-53i2tw65	43	7	exchanges	exchange	NNS
cord-034205-53i2tw65	43	8	,	,	,
cord-034205-53i2tw65	43	9	housing	housing	NN
cord-034205-53i2tw65	43	10	,	,	,
cord-034205-53i2tw65	43	11	arts	art	NNS
cord-034205-53i2tw65	43	12	,	,	,
cord-034205-53i2tw65	43	13	etc	etc	FW
cord-034205-53i2tw65	43	14	.	.	.
cord-034205-53i2tw65	43	15	)	)	-RRB-
cord-034205-53i2tw65	43	16	is	be	VBZ
cord-034205-53i2tw65	43	17	defined	define	VBN
cord-034205-53i2tw65	43	18	by	by	IN
cord-034205-53i2tw65	43	19	the	the	DT
cord-034205-53i2tw65	43	20	existence	existence	NN
cord-034205-53i2tw65	43	21	of	of	IN
cord-034205-53i2tw65	43	22	buyers	buyer	NNS
cord-034205-53i2tw65	43	23	and	and	CC
cord-034205-53i2tw65	43	24	sellers	seller	NNS
cord-034205-53i2tw65	43	25	who	who	WP
cord-034205-53i2tw65	43	26	meet	meet	VBP
cord-034205-53i2tw65	43	27	to	to	TO
cord-034205-53i2tw65	43	28	trade	trade	VB
cord-034205-53i2tw65	43	29	goods	good	NNS
cord-034205-53i2tw65	43	30	and	and	CC
cord-034205-53i2tw65	43	31	services	service	NNS
cord-034205-53i2tw65	43	32	(	(	-LRB-
cord-034205-53i2tw65	43	33	Mankiw	Mankiw	NNP
cord-034205-53i2tw65	43	34	and	and	CC
cord-034205-53i2tw65	43	35	Taylor	Taylor	NNP
cord-034205-53i2tw65	43	36	2008	2008	CD
cord-034205-53i2tw65	43	37	,	,	,
cord-034205-53i2tw65	43	38	p.	p.	NN
cord-034205-53i2tw65	43	39	73	73	CD
cord-034205-53i2tw65	43	40	)	)	-RRB-
cord-034205-53i2tw65	43	41	.	.	.
cord-034205-53i2tw65	44	1	Despite	despite	IN
cord-034205-53i2tw65	44	2	its	-PRON-	PRP$
cord-034205-53i2tw65	44	3	peculiarities	peculiarity	NNS
cord-034205-53i2tw65	44	4	and	and	CC
cord-034205-53i2tw65	44	5	restrictions	restriction	NNS
cord-034205-53i2tw65	44	6	(	(	-LRB-
cord-034205-53i2tw65	44	7	e.g.	e.g.	RB
cord-034205-53i2tw65	44	8	,	,	,
cord-034205-53i2tw65	44	9	specific	specific	JJ
cord-034205-53i2tw65	44	10	transfer	transfer	NN
cord-034205-53i2tw65	44	11	periods	period	NNS
cord-034205-53i2tw65	44	12	)	)	-RRB-
cord-034205-53i2tw65	44	13	,	,	,
cord-034205-53i2tw65	44	14	the	the	DT
cord-034205-53i2tw65	44	15	football	football	NN
cord-034205-53i2tw65	44	16	labor	labor	NN
cord-034205-53i2tw65	44	17	market	market	NN
cord-034205-53i2tw65	44	18	is	be	VBZ
cord-034205-53i2tw65	44	19	no	no	DT
cord-034205-53i2tw65	44	20	exception	exception	NN
cord-034205-53i2tw65	44	21	(	(	-LRB-
cord-034205-53i2tw65	44	22	Franck	Franck	NNP
cord-034205-53i2tw65	44	23	1995	1995	CD
cord-034205-53i2tw65	44	24	;	;	:
cord-034205-53i2tw65	44	25	Frick	Frick	NNP
cord-034205-53i2tw65	44	26	2007	2007	CD
cord-034205-53i2tw65	44	27	)	)	-RRB-
cord-034205-53i2tw65	44	28	.	.	.
cord-034205-53i2tw65	45	1	As	as	IN
cord-034205-53i2tw65	45	2	a	a	DT
cord-034205-53i2tw65	45	3	result	result	NN
cord-034205-53i2tw65	45	4	,	,	,
cord-034205-53i2tw65	45	5	players	player	NNS
cord-034205-53i2tw65	45	6	can	can	MD
cord-034205-53i2tw65	45	7	be	be	VB
cord-034205-53i2tw65	45	8	seen	see	VBN
cord-034205-53i2tw65	45	9	as	as	IN
cord-034205-53i2tw65	45	10	assets	asset	NNS
cord-034205-53i2tw65	45	11	from	from	IN
cord-034205-53i2tw65	45	12	an	an	DT
cord-034205-53i2tw65	45	13	economic	economic	JJ
cord-034205-53i2tw65	45	14	point	point	NN
cord-034205-53i2tw65	45	15	of	of	IN
cord-034205-53i2tw65	45	16	view	view	NN
cord-034205-53i2tw65	45	17	(	(	-LRB-
cord-034205-53i2tw65	45	18	Morrow	Morrow	NNP
cord-034205-53i2tw65	45	19	1996	1996	CD
cord-034205-53i2tw65	45	20	)	)	-RRB-
cord-034205-53i2tw65	45	21	comparable	comparable	JJ
cord-034205-53i2tw65	45	22	to	to	IN
cord-034205-53i2tw65	45	23	tulips	tulip	NNS
cord-034205-53i2tw65	45	24	,	,	,
cord-034205-53i2tw65	45	25	houses	house	NNS
cord-034205-53i2tw65	45	26	,	,	,
cord-034205-53i2tw65	45	27	or	or	CC
cord-034205-53i2tw65	45	28	company	company	NN
cord-034205-53i2tw65	45	29	shares	share	NNS
cord-034205-53i2tw65	45	30	,	,	,
cord-034205-53i2tw65	45	31	and	and	CC
cord-034205-53i2tw65	45	32	this	this	DT
cord-034205-53i2tw65	45	33	aligns	align	VBZ
cord-034205-53i2tw65	45	34	with	with	IN
cord-034205-53i2tw65	45	35	previous	previous	JJ
cord-034205-53i2tw65	45	36	analyses	analysis	NNS
cord-034205-53i2tw65	45	37	(	(	-LRB-
cord-034205-53i2tw65	45	38	Tunaru	Tunaru	NNP
cord-034205-53i2tw65	45	39	and	and	CC
cord-034205-53i2tw65	45	40	Viney	Viney	NNP
cord-034205-53i2tw65	45	41	2010	2010	CD
cord-034205-53i2tw65	45	42	use	use	VBP
cord-034205-53i2tw65	45	43	the	the	DT
cord-034205-53i2tw65	45	44	term	term	NN
cord-034205-53i2tw65	45	45	"	"	``
cord-034205-53i2tw65	45	46	vulnerable	vulnerable	JJ
cord-034205-53i2tw65	45	47	assets	asset	NNS
cord-034205-53i2tw65	45	48	"	"	''
cord-034205-53i2tw65	45	49	)	)	-RRB-
cord-034205-53i2tw65	45	50	.	.	.
cord-034205-53i2tw65	46	1	However	however	RB
cord-034205-53i2tw65	46	2	,	,	,
cord-034205-53i2tw65	46	3	according	accord	VBG
cord-034205-53i2tw65	46	4	to	to	IN
cord-034205-53i2tw65	46	5	a	a	DT
cord-034205-53i2tw65	46	6	more	more	RBR
cord-034205-53i2tw65	46	7	nuanced	nuanced	JJ
cord-034205-53i2tw65	46	8	and	and	CC
cord-034205-53i2tw65	46	9	technical	technical	JJ
cord-034205-53i2tw65	46	10	definition	definition	NN
cord-034205-53i2tw65	46	11	,	,	,
cord-034205-53i2tw65	46	12	"	"	''
cord-034205-53i2tw65	46	13	it	-PRON-	PRP
cord-034205-53i2tw65	46	14	is	be	VBZ
cord-034205-53i2tw65	46	15	not	not	RB
cord-034205-53i2tw65	46	16	[	[	-LRB-
cord-034205-53i2tw65	46	17	…	…	NFP
cord-034205-53i2tw65	46	18	]	]	-RRB-
cord-034205-53i2tw65	47	1	the	the	DT
cord-034205-53i2tw65	47	2	player	player	NN
cord-034205-53i2tw65	47	3	himself	-PRON-	PRP
cord-034205-53i2tw65	47	4	who	who	WP
cord-034205-53i2tw65	47	5	is	be	VBZ
cord-034205-53i2tw65	47	6	the	the	DT
cord-034205-53i2tw65	47	7	asset	asset	NN
cord-034205-53i2tw65	47	8	,	,	,
cord-034205-53i2tw65	47	9	but	but	CC
cord-034205-53i2tw65	47	10	rather	rather	RB
cord-034205-53i2tw65	47	11	the	the	DT
cord-034205-53i2tw65	47	12	provision	provision	NN
cord-034205-53i2tw65	47	13	of	of	IN
cord-034205-53i2tw65	47	14	services	service	NNS
cord-034205-53i2tw65	47	15	"	"	''
cord-034205-53i2tw65	47	16	by	by	IN
cord-034205-53i2tw65	47	17	a	a	DT
cord-034205-53i2tw65	47	18	player	player	NN
cord-034205-53i2tw65	47	19	in	in	IN
cord-034205-53i2tw65	47	20	the	the	DT
cord-034205-53i2tw65	47	21	future	future	NN
cord-034205-53i2tw65	47	22	(	(	-LRB-
cord-034205-53i2tw65	47	23	Morrow	Morrow	NNP
cord-034205-53i2tw65	47	24	1996	1996	CD
cord-034205-53i2tw65	47	25	,	,	,
cord-034205-53i2tw65	47	26	p.	p.	NN
cord-034205-53i2tw65	47	27	76	76	CD
cord-034205-53i2tw65	47	28	)	)	-RRB-
cord-034205-53i2tw65	47	29	.	.	.
cord-034205-53i2tw65	48	1	Football	football	NN
cord-034205-53i2tw65	48	2	clubs	club	NNS
cord-034205-53i2tw65	48	3	,	,	,
cord-034205-53i2tw65	48	4	on	on	IN
cord-034205-53i2tw65	48	5	the	the	DT
cord-034205-53i2tw65	48	6	other	other	JJ
cord-034205-53i2tw65	48	7	hand	hand	NN
cord-034205-53i2tw65	48	8	,	,	,
cord-034205-53i2tw65	48	9	act	act	VB
cord-034205-53i2tw65	48	10	as	as	IN
cord-034205-53i2tw65	48	11	buyers	buyer	NNS
cord-034205-53i2tw65	48	12	and	and	CC
cord-034205-53i2tw65	48	13	sellers	seller	NNS
cord-034205-53i2tw65	48	14	who	who	WP
cord-034205-53i2tw65	48	15	trade	trade	VBP
cord-034205-53i2tw65	48	16	the	the	DT
cord-034205-53i2tw65	48	17	football	football	NN
cord-034205-53i2tw65	48	18	players	player	NNS
cord-034205-53i2tw65	48	19	'	'	POS
cord-034205-53i2tw65	48	20	registrations	registration	NNS
cord-034205-53i2tw65	48	21	.	.	.
cord-034205-53i2tw65	49	1	Clubs	club	NNS
cord-034205-53i2tw65	49	2	spend	spend	VBP
cord-034205-53i2tw65	49	3	money	money	NN
cord-034205-53i2tw65	49	4	to	to	TO
cord-034205-53i2tw65	49	5	purchase	purchase	VB
cord-034205-53i2tw65	49	6	player	player	NN
cord-034205-53i2tw65	49	7	registrations	registration	NNS
cord-034205-53i2tw65	49	8	to	to	TO
cord-034205-53i2tw65	49	9	improve	improve	VB
cord-034205-53i2tw65	49	10	their	-PRON-	PRP$
cord-034205-53i2tw65	49	11	roster	roster	NN
cord-034205-53i2tw65	49	12	and	and	CC
cord-034205-53i2tw65	49	13	increase	increase	VB
cord-034205-53i2tw65	49	14	the	the	DT
cord-034205-53i2tw65	49	15	club	club	NN
cord-034205-53i2tw65	49	16	's	's	POS
cord-034205-53i2tw65	49	17	utility	utility	NN
cord-034205-53i2tw65	49	18	.	.	.
cord-034205-53i2tw65	50	1	By	by	IN
cord-034205-53i2tw65	50	2	owning	own	VBG
cord-034205-53i2tw65	50	3	player	player	NN
cord-034205-53i2tw65	50	4	registrations	registration	NNS
cord-034205-53i2tw65	50	5	,	,	,
cord-034205-53i2tw65	50	6	a	a	DT
cord-034205-53i2tw65	50	7	club	club	NN
cord-034205-53i2tw65	50	8	's	's	POS
cord-034205-53i2tw65	50	9	utility	utility	NN
cord-034205-53i2tw65	50	10	can	can	MD
cord-034205-53i2tw65	50	11	increase	increase	VB
cord-034205-53i2tw65	50	12	in	in	IN
cord-034205-53i2tw65	50	13	two	two	CD
cord-034205-53i2tw65	50	14	ways	way	NNS
cord-034205-53i2tw65	50	15	:	:	:
cord-034205-53i2tw65	50	16	either	either	CC
cord-034205-53i2tw65	50	17	through	through	IN
cord-034205-53i2tw65	50	18	a	a	DT
cord-034205-53i2tw65	50	19	player	player	NN
cord-034205-53i2tw65	50	20	's	's	POS
cord-034205-53i2tw65	50	21	contribution	contribution	NN
cord-034205-53i2tw65	50	22	to	to	IN
cord-034205-53i2tw65	50	23	the	the	DT
cord-034205-53i2tw65	50	24	club	club	NN
cord-034205-53i2tw65	50	25	's	's	POS
cord-034205-53i2tw65	50	26	sporting	sporting	NN
cord-034205-53i2tw65	50	27	and	and	CC
cord-034205-53i2tw65	50	28	commercial	commercial	JJ
cord-034205-53i2tw65	50	29	success	success	NN
cord-034205-53i2tw65	50	30	during	during	IN
cord-034205-53i2tw65	50	31	the	the	DT
cord-034205-53i2tw65	50	32	contract	contract	NN
cord-034205-53i2tw65	50	33	period	period	NN
cord-034205-53i2tw65	50	34	or	or	CC
cord-034205-53i2tw65	50	35	by	by	IN
cord-034205-53i2tw65	50	36	making	make	VBG
cord-034205-53i2tw65	50	37	a	a	DT
cord-034205-53i2tw65	50	38	profit	profit	NN
cord-034205-53i2tw65	50	39	after	after	IN
cord-034205-53i2tw65	50	40	selling	sell	VBG
cord-034205-53i2tw65	50	41	the	the	DT
cord-034205-53i2tw65	50	42	player	player	NN
cord-034205-53i2tw65	50	43	at	at	IN
cord-034205-53i2tw65	50	44	a	a	DT
cord-034205-53i2tw65	50	45	price	price	NN
cord-034205-53i2tw65	50	46	exceeding	exceed	VBG
cord-034205-53i2tw65	50	47	the	the	DT
cord-034205-53i2tw65	50	48	initial	initial	JJ
cord-034205-53i2tw65	50	49	acquisition	acquisition	NN
cord-034205-53i2tw65	50	50	costs	cost	NNS
cord-034205-53i2tw65	50	51	,	,	,
cord-034205-53i2tw65	50	52	which	which	WDT
cord-034205-53i2tw65	50	53	is	be	VBZ
cord-034205-53i2tw65	50	54	comparable	comparable	JJ
cord-034205-53i2tw65	50	55	to	to	IN
cord-034205-53i2tw65	50	56	other	other	JJ
cord-034205-53i2tw65	50	57	investments	investment	NNS
cord-034205-53i2tw65	50	58	for	for	IN
cord-034205-53i2tw65	50	59	example	example	NN
cord-034205-53i2tw65	50	60	in	in	IN
cord-034205-53i2tw65	50	61	the	the	DT
cord-034205-53i2tw65	50	62	stock	stock	NN
cord-034205-53i2tw65	50	63	market	market	NN
cord-034205-53i2tw65	50	64	.	.	.
cord-034205-53i2tw65	51	1	Thus	thus	RB
cord-034205-53i2tw65	51	2	,	,	,
cord-034205-53i2tw65	51	3	a	a	DT
cord-034205-53i2tw65	51	4	club	club	NN
cord-034205-53i2tw65	51	5	does	do	VBZ
cord-034205-53i2tw65	51	6	not	not	RB
cord-034205-53i2tw65	51	7	necessarily	necessarily	RB
cord-034205-53i2tw65	51	8	look	look	VB
cord-034205-53i2tw65	51	9	to	to	TO
cord-034205-53i2tw65	51	10	sell	sell	VB
cord-034205-53i2tw65	51	11	a	a	DT
cord-034205-53i2tw65	51	12	player	player	NN
cord-034205-53i2tw65	51	13	registration	registration	NN
cord-034205-53i2tw65	51	14	at	at	IN
cord-034205-53i2tw65	51	15	a	a	DT
cord-034205-53i2tw65	51	16	higher	high	JJR
cord-034205-53i2tw65	51	17	price	price	NN
cord-034205-53i2tw65	51	18	for	for	IN
cord-034205-53i2tw65	51	19	a	a	DT
cord-034205-53i2tw65	51	20	financial	financial	JJ
cord-034205-53i2tw65	51	21	profit	profit	NN
cord-034205-53i2tw65	51	22	at	at	IN
cord-034205-53i2tw65	51	23	a	a	DT
cord-034205-53i2tw65	51	24	later	later	JJ
cord-034205-53i2tw65	51	25	date	date	NN
cord-034205-53i2tw65	51	26	.	.	.
cord-034205-53i2tw65	52	1	If	if	IN
cord-034205-53i2tw65	52	2	a	a	DT
cord-034205-53i2tw65	52	3	club	club	NN
cord-034205-53i2tw65	52	4	is	be	VBZ
cord-034205-53i2tw65	52	5	interested	interested	JJ
cord-034205-53i2tw65	52	6	in	in	IN
cord-034205-53i2tw65	52	7	buying	buy	VBG
cord-034205-53i2tw65	52	8	a	a	DT
cord-034205-53i2tw65	52	9	player	player	NN
cord-034205-53i2tw65	52	10	from	from	IN
cord-034205-53i2tw65	52	11	another	another	DT
cord-034205-53i2tw65	52	12	club	club	NN
cord-034205-53i2tw65	52	13	,	,	,
cord-034205-53i2tw65	52	14	the	the	DT
cord-034205-53i2tw65	52	15	purchasing	purchasing	NN
cord-034205-53i2tw65	52	16	club	club	NN
cord-034205-53i2tw65	52	17	has	have	VBZ
cord-034205-53i2tw65	52	18	to	to	TO
cord-034205-53i2tw65	52	19	contact	contact	VB
cord-034205-53i2tw65	52	20	the	the	DT
cord-034205-53i2tw65	52	21	selling	selling	NN
cord-034205-53i2tw65	52	22	club	club	NN
cord-034205-53i2tw65	52	23	.	.	.
cord-034205-53i2tw65	53	1	Transfer	transfer	NN
cord-034205-53i2tw65	53	2	fees	fee	NNS
cord-034205-53i2tw65	53	3	stem	stem	VBP
cord-034205-53i2tw65	53	4	from	from	IN
cord-034205-53i2tw65	53	5	negotiations	negotiation	NNS
cord-034205-53i2tw65	53	6	and	and	CC
cord-034205-53i2tw65	53	7	therefore	therefore	RB
cord-034205-53i2tw65	53	8	constitute	constitute	VBP
cord-034205-53i2tw65	53	9	an	an	DT
cord-034205-53i2tw65	53	10	agreement	agreement	NN
cord-034205-53i2tw65	53	11	between	between	IN
cord-034205-53i2tw65	53	12	the	the	DT
cord-034205-53i2tw65	53	13	purchasing	purchasing	NN
cord-034205-53i2tw65	53	14	and	and	CC
cord-034205-53i2tw65	53	15	selling	selling	NN
cord-034205-53i2tw65	53	16	clubs	club	NNS
cord-034205-53i2tw65	53	17	about	about	IN
cord-034205-53i2tw65	53	18	the	the	DT
cord-034205-53i2tw65	53	19	appropriate	appropriate	JJ
cord-034205-53i2tw65	53	20	price	price	NN
cord-034205-53i2tw65	53	21	.	.	.
cord-034205-53i2tw65	54	1	2	2	LS
cord-034205-53i2tw65	55	1	Like	like	IN
cord-034205-53i2tw65	55	2	other	other	JJ
cord-034205-53i2tw65	55	3	labor	labor	NN
cord-034205-53i2tw65	55	4	markets	market	NNS
cord-034205-53i2tw65	55	5	,	,	,
cord-034205-53i2tw65	55	6	a	a	DT
cord-034205-53i2tw65	55	7	crucial	crucial	JJ
cord-034205-53i2tw65	55	8	determinant	determinant	NN
cord-034205-53i2tw65	55	9	of	of	IN
cord-034205-53i2tw65	55	10	transfer	transfer	NN
cord-034205-53i2tw65	55	11	fees	fee	NNS
cord-034205-53i2tw65	55	12	and	and	CC
cord-034205-53i2tw65	55	13	wages	wage	NNS
cord-034205-53i2tw65	55	14	is	be	VBZ
cord-034205-53i2tw65	55	15	the	the	DT
cord-034205-53i2tw65	55	16	player	player	NN
cord-034205-53i2tw65	55	17	's	's	POS
cord-034205-53i2tw65	55	18	marginal	marginal	JJ
cord-034205-53i2tw65	55	19	revenue	revenue	NN
cord-034205-53i2tw65	55	20	product	product	NN
cord-034205-53i2tw65	55	21	,	,	,
cord-034205-53i2tw65	55	22	which	which	WDT
cord-034205-53i2tw65	55	23	represents	represent	VBZ
cord-034205-53i2tw65	55	24	the	the	DT
cord-034205-53i2tw65	55	25	marginal	marginal	JJ
cord-034205-53i2tw65	55	26	utility	utility	NN
cord-034205-53i2tw65	55	27	a	a	DT
cord-034205-53i2tw65	55	28	club	club	NN
cord-034205-53i2tw65	55	29	can	can	MD
cord-034205-53i2tw65	55	30	generate	generate	VB
cord-034205-53i2tw65	55	31	by	by	IN
cord-034205-53i2tw65	55	32	signing	sign	VBG
cord-034205-53i2tw65	55	33	a	a	DT
cord-034205-53i2tw65	55	34	player	player	NN
cord-034205-53i2tw65	55	35	(	(	-LRB-
cord-034205-53i2tw65	55	36	Daumann	Daumann	NNP
cord-034205-53i2tw65	55	37	2019	2019	CD
cord-034205-53i2tw65	55	38	,	,	,
cord-034205-53i2tw65	55	39	p.	p.	NN
cord-034205-53i2tw65	55	40	182	182	CD
cord-034205-53i2tw65	55	41	;	;	:
cord-034205-53i2tw65	55	42	Lucifora	Lucifora	NNP
cord-034205-53i2tw65	55	43	and	and	CC
cord-034205-53i2tw65	55	44	Simmons	Simmons	NNP
cord-034205-53i2tw65	55	45	2003	2003	CD
cord-034205-53i2tw65	55	46	,	,	,
cord-034205-53i2tw65	55	47	p.	p.	NN
cord-034205-53i2tw65	55	48	36	36	CD
cord-034205-53i2tw65	55	49	)	)	-RRB-
cord-034205-53i2tw65	55	50	.	.	.
cord-034205-53i2tw65	56	1	Consequently	consequently	RB
cord-034205-53i2tw65	56	2	,	,	,
cord-034205-53i2tw65	56	3	clubs	club	NNS
cord-034205-53i2tw65	56	4	will	will	MD
cord-034205-53i2tw65	56	5	be	be	VB
cord-034205-53i2tw65	56	6	willing	willing	JJ
cord-034205-53i2tw65	56	7	to	to	TO
cord-034205-53i2tw65	56	8	pay	pay	VB
cord-034205-53i2tw65	56	9	a	a	DT
cord-034205-53i2tw65	56	10	higher	high	JJR
cord-034205-53i2tw65	56	11	transfer	transfer	NN
cord-034205-53i2tw65	56	12	fee	fee	NN
cord-034205-53i2tw65	56	13	in	in	IN
cord-034205-53i2tw65	56	14	case	case	NN
cord-034205-53i2tw65	56	15	of	of	IN
cord-034205-53i2tw65	56	16	a	a	DT
cord-034205-53i2tw65	56	17	higher	high	JJR
cord-034205-53i2tw65	56	18	marginal	marginal	JJ
cord-034205-53i2tw65	56	19	revenue	revenue	NN
cord-034205-53i2tw65	56	20	product	product	NN
cord-034205-53i2tw65	56	21	of	of	IN
cord-034205-53i2tw65	56	22	the	the	DT
cord-034205-53i2tw65	56	23	player	player	NN
cord-034205-53i2tw65	56	24	.	.	.
cord-034205-53i2tw65	57	1	Previous	previous	JJ
cord-034205-53i2tw65	57	2	literature	literature	NN
cord-034205-53i2tw65	57	3	agrees	agree	VBZ
cord-034205-53i2tw65	57	4	that	that	IN
cord-034205-53i2tw65	57	5	transfer	transfer	NN
cord-034205-53i2tw65	57	6	fees	fee	NNS
cord-034205-53i2tw65	57	7	(	(	-LRB-
cord-034205-53i2tw65	57	8	and	and	CC
cord-034205-53i2tw65	57	9	,	,	,
cord-034205-53i2tw65	57	10	therefore	therefore	RB
cord-034205-53i2tw65	57	11	,	,	,
cord-034205-53i2tw65	57	12	the	the	DT
cord-034205-53i2tw65	57	13	players	player	NNS
cord-034205-53i2tw65	57	14	'	'	POS
cord-034205-53i2tw65	57	15	marginal	marginal	JJ
cord-034205-53i2tw65	57	16	revenue	revenue	NN
cord-034205-53i2tw65	57	17	products	product	NNS
cord-034205-53i2tw65	57	18	)	)	-RRB-
cord-034205-53i2tw65	57	19	are	be	VBP
cord-034205-53i2tw65	57	20	based	base	VBN
cord-034205-53i2tw65	57	21	on	on	IN
cord-034205-53i2tw65	57	22	both	both	DT
cord-034205-53i2tw65	57	23	club	club	NN
cord-034205-53i2tw65	57	24	and	and	CC
cord-034205-53i2tw65	57	25	player	player	NN
cord-034205-53i2tw65	57	26	-	-	HYPH
cord-034205-53i2tw65	57	27	related	relate	VBN
cord-034205-53i2tw65	57	28	factors	factor	NNS
cord-034205-53i2tw65	57	29	(	(	-LRB-
cord-034205-53i2tw65	57	30	e.g.	e.g.	RB
cord-034205-53i2tw65	57	31	,	,	,
cord-034205-53i2tw65	57	32	Carmichael	Carmichael	NNP
cord-034205-53i2tw65	57	33	and	and	CC
cord-034205-53i2tw65	57	34	Thomas	Thomas	NNP
cord-034205-53i2tw65	57	35	1993	1993	CD
cord-034205-53i2tw65	57	36	;	;	:
cord-034205-53i2tw65	57	37	Speight	Speight	NNP
cord-034205-53i2tw65	57	38	and	and	CC
cord-034205-53i2tw65	57	39	Thomas	Thomas	NNP
cord-034205-53i2tw65	57	40	1997	1997	CD
cord-034205-53i2tw65	57	41	)	)	-RRB-
cord-034205-53i2tw65	57	42	.	.	.
cord-034205-53i2tw65	58	1	Frick	Frick	NNP
cord-034205-53i2tw65	58	2	(	(	-LRB-
cord-034205-53i2tw65	58	3	2007	2007	CD
cord-034205-53i2tw65	58	4	)	)	-RRB-
cord-034205-53i2tw65	58	5	provides	provide	VBZ
cord-034205-53i2tw65	58	6	an	an	DT
cord-034205-53i2tw65	58	7	overview	overview	NN
cord-034205-53i2tw65	58	8	of	of	IN
cord-034205-53i2tw65	58	9	the	the	DT
cord-034205-53i2tw65	58	10	early	early	JJ
cord-034205-53i2tw65	58	11	empirical	empirical	JJ
cord-034205-53i2tw65	58	12	studies	study	NNS
cord-034205-53i2tw65	58	13	that	that	WDT
cord-034205-53i2tw65	58	14	have	have	VBP
cord-034205-53i2tw65	58	15	evaluated	evaluate	VBN
cord-034205-53i2tw65	58	16	the	the	DT
cord-034205-53i2tw65	58	17	determinants	determinant	NNS
cord-034205-53i2tw65	58	18	of	of	IN
cord-034205-53i2tw65	58	19	transfer	transfer	NN
cord-034205-53i2tw65	58	20	fees	fee	NNS
cord-034205-53i2tw65	58	21	and	and	CC
cord-034205-53i2tw65	58	22	market	market	NN
cord-034205-53i2tw65	58	23	values	value	NNS
cord-034205-53i2tw65	58	24	,	,	,
cord-034205-53i2tw65	58	25	whereby	whereby	WRB
cord-034205-53i2tw65	58	26	the	the	DT
cord-034205-53i2tw65	58	27	latter	latter	JJ
cord-034205-53i2tw65	58	28	are	be	VBP
cord-034205-53i2tw65	58	29	often	often	RB
cord-034205-53i2tw65	58	30	used	use	VBN
cord-034205-53i2tw65	58	31	as	as	IN
cord-034205-53i2tw65	58	32	proxies	proxy	NNS
cord-034205-53i2tw65	58	33	for	for	IN
cord-034205-53i2tw65	58	34	actual	actual	JJ
cord-034205-53i2tw65	58	35	transfer	transfer	NN
cord-034205-53i2tw65	58	36	fees	fee	NNS
cord-034205-53i2tw65	58	37	.	.	.
cord-034205-53i2tw65	59	1	3	3	CD
cord-034205-53i2tw65	59	2	Club	club	NN
cord-034205-53i2tw65	59	3	-	-	HYPH
cord-034205-53i2tw65	59	4	related	relate	VBN
cord-034205-53i2tw65	59	5	factors	factor	NNS
cord-034205-53i2tw65	59	6	include	include	VBP
cord-034205-53i2tw65	59	7	gate	gate	NN
cord-034205-53i2tw65	59	8	attendance	attendance	NN
cord-034205-53i2tw65	59	9	and	and	CC
cord-034205-53i2tw65	59	10	the	the	DT
cord-034205-53i2tw65	59	11	club	club	NN
cord-034205-53i2tw65	59	12	's	's	POS
cord-034205-53i2tw65	59	13	sporting	sport	VBG
cord-034205-53i2tw65	59	14	success	success	NN
cord-034205-53i2tw65	59	15	(	(	-LRB-
cord-034205-53i2tw65	59	16	e.g.	e.g.	RB
cord-034205-53i2tw65	59	17	,	,	,
cord-034205-53i2tw65	59	18	Speight	Speight	NNP
cord-034205-53i2tw65	59	19	and	and	CC
cord-034205-53i2tw65	59	20	Thomas	Thomas	NNP
cord-034205-53i2tw65	59	21	1997	1997	CD
cord-034205-53i2tw65	59	22	)	)	-RRB-
cord-034205-53i2tw65	59	23	.	.	.
cord-034205-53i2tw65	60	1	Player	player	NN
cord-034205-53i2tw65	60	2	related	related	JJ
cord-034205-53i2tw65	60	3	factors	factor	NNS
cord-034205-53i2tw65	60	4	have	have	VBP
cord-034205-53i2tw65	60	5	been	be	VBN
cord-034205-53i2tw65	60	6	categorized	categorize	VBN
cord-034205-53i2tw65	60	7	into	into	IN
cord-034205-53i2tw65	60	8	four	four	CD
cord-034205-53i2tw65	60	9	principal	principal	JJ
cord-034205-53i2tw65	60	10	dimensions	dimension	NNS
cord-034205-53i2tw65	60	11	among	among	IN
cord-034205-53i2tw65	60	12	other	other	JJ
cord-034205-53i2tw65	60	13	player	player	NN
cord-034205-53i2tw65	60	14	characteristics	characteristic	NNS
cord-034205-53i2tw65	60	15	:	:	:
cord-034205-53i2tw65	60	16	the	the	DT
cord-034205-53i2tw65	60	17	player	player	NN
cord-034205-53i2tw65	60	18	's	's	POS
cord-034205-53i2tw65	60	19	human	human	JJ
cord-034205-53i2tw65	60	20	capital	capital	NN
cord-034205-53i2tw65	60	21	,	,	,
cord-034205-53i2tw65	60	22	performance	performance	NN
cord-034205-53i2tw65	60	23	,	,	,
cord-034205-53i2tw65	60	24	popularity	popularity	NN
cord-034205-53i2tw65	60	25	and	and	CC
cord-034205-53i2tw65	60	26	effort	effort	NN
cord-034205-53i2tw65	60	27	(	(	-LRB-
cord-034205-53i2tw65	60	28	Müller	Müller	NNP
cord-034205-53i2tw65	60	29	et	et	NNP
cord-034205-53i2tw65	60	30	al	al	NNP
cord-034205-53i2tw65	60	31	.	.	.
cord-034205-53i2tw65	60	32	2017	2017	CD
cord-034205-53i2tw65	60	33	;	;	:
cord-034205-53i2tw65	60	34	Weimar	Weimar	NNP
cord-034205-53i2tw65	60	35	and	and	CC
cord-034205-53i2tw65	60	36	Wicker	Wicker	NNP
cord-034205-53i2tw65	60	37	2017	2017	CD
cord-034205-53i2tw65	60	38	)	)	-RRB-
cord-034205-53i2tw65	60	39	.	.	.
cord-034205-53i2tw65	61	1	Examples	example	NNS
cord-034205-53i2tw65	61	2	of	of	IN
cord-034205-53i2tw65	61	3	the	the	DT
cord-034205-53i2tw65	61	4	player	player	NN
cord-034205-53i2tw65	61	5	's	's	POS
cord-034205-53i2tw65	61	6	human	human	JJ
cord-034205-53i2tw65	61	7	capital	capital	NN
cord-034205-53i2tw65	61	8	used	use	VBN
cord-034205-53i2tw65	61	9	in	in	IN
cord-034205-53i2tw65	61	10	previous	previous	JJ
cord-034205-53i2tw65	61	11	studies	study	NNS
cord-034205-53i2tw65	61	12	are	be	VBP
cord-034205-53i2tw65	61	13	the	the	DT
cord-034205-53i2tw65	61	14	player	player	NN
cord-034205-53i2tw65	61	15	's	's	POS
cord-034205-53i2tw65	61	16	nationality	nationality	NN
cord-034205-53i2tw65	61	17	and	and	CC
cord-034205-53i2tw65	61	18	age	age	NN
cord-034205-53i2tw65	61	19	(	(	-LRB-
cord-034205-53i2tw65	61	20	e.g.	e.g.	RB
cord-034205-53i2tw65	61	21	,	,	,
cord-034205-53i2tw65	61	22	Carmichael	Carmichael	NNP
cord-034205-53i2tw65	61	23	et	et	NNP
cord-034205-53i2tw65	61	24	al	al	NNP
cord-034205-53i2tw65	61	25	.	.	.
cord-034205-53i2tw65	62	1	1999	1999	CD
cord-034205-53i2tw65	62	2	;	;	:
cord-034205-53i2tw65	62	3	Muehlheusser	Muehlheusser	NNP
cord-034205-53i2tw65	62	4	et	et	NNP
cord-034205-53i2tw65	62	5	al	al	NNP
cord-034205-53i2tw65	62	6	.	.	.
cord-034205-53i2tw65	63	1	2004	2004	CD
cord-034205-53i2tw65	63	2	;	;	:
cord-034205-53i2tw65	63	3	Dimitropoulos	Dimitropoulos	NNP
cord-034205-53i2tw65	63	4	et	et	FW
cord-034205-53i2tw65	63	5	al	al	NNP
cord-034205-53i2tw65	63	6	.	.	.
cord-034205-53i2tw65	63	7	2018	2018	CD
cord-034205-53i2tw65	63	8	)	)	-RRB-
cord-034205-53i2tw65	63	9	.	.	.
cord-034205-53i2tw65	64	1	In	in	IN
cord-034205-53i2tw65	64	2	recent	recent	JJ
cord-034205-53i2tw65	64	3	years	year	NNS
cord-034205-53i2tw65	64	4	,	,	,
cord-034205-53i2tw65	64	5	with	with	IN
cord-034205-53i2tw65	64	6	an	an	DT
cord-034205-53i2tw65	64	7	increasing	increase	VBG
cord-034205-53i2tw65	64	8	number	number	NN
cord-034205-53i2tw65	64	9	of	of	IN
cord-034205-53i2tw65	64	10	companies	company	NNS
cord-034205-53i2tw65	64	11	focusing	focus	VBG
cord-034205-53i2tw65	64	12	on	on	IN
cord-034205-53i2tw65	64	13	the	the	DT
cord-034205-53i2tw65	64	14	data	datum	NNS
cord-034205-53i2tw65	64	15	gathering	gathering	NN
cord-034205-53i2tw65	64	16	of	of	IN
cord-034205-53i2tw65	64	17	football	football	NN
cord-034205-53i2tw65	64	18	statistics	statistic	NNS
cord-034205-53i2tw65	64	19	,	,	,
cord-034205-53i2tw65	64	20	contemporary	contemporary	JJ
cord-034205-53i2tw65	64	21	researchers	researcher	NNS
cord-034205-53i2tw65	64	22	can	can	MD
cord-034205-53i2tw65	64	23	include	include	VB
cord-034205-53i2tw65	64	24	a	a	DT
cord-034205-53i2tw65	64	25	diverse	diverse	JJ
cord-034205-53i2tw65	64	26	set	set	NN
cord-034205-53i2tw65	64	27	of	of	IN
cord-034205-53i2tw65	64	28	player	player	NN
cord-034205-53i2tw65	64	29	performance	performance	NN
cord-034205-53i2tw65	64	30	measures	measure	NNS
cord-034205-53i2tw65	64	31	(	(	-LRB-
cord-034205-53i2tw65	64	32	the	the	DT
cord-034205-53i2tw65	64	33	second	second	JJ
cord-034205-53i2tw65	64	34	dimension	dimension	NN
cord-034205-53i2tw65	64	35	)	)	-RRB-
cord-034205-53i2tw65	64	36	such	such	JJ
cord-034205-53i2tw65	64	37	as	as	IN
cord-034205-53i2tw65	64	38	passes	pass	NNS
cord-034205-53i2tw65	64	39	,	,	,
cord-034205-53i2tw65	64	40	shots	shot	NNS
cord-034205-53i2tw65	64	41	and	and	CC
cord-034205-53i2tw65	64	42	tackles	tackle	NNS
cord-034205-53i2tw65	64	43	,	,	,
cord-034205-53i2tw65	64	44	including	include	VBG
cord-034205-53i2tw65	64	45	the	the	DT
cord-034205-53i2tw65	64	46	respective	respective	JJ
cord-034205-53i2tw65	64	47	success	success	NN
cord-034205-53i2tw65	64	48	ratios	ratio	NNS
cord-034205-53i2tw65	64	49	(	(	-LRB-
cord-034205-53i2tw65	64	50	e.g.	e.g.	RB
cord-034205-53i2tw65	64	51	,	,	,
cord-034205-53i2tw65	64	52	Herm	Herm	NNP
cord-034205-53i2tw65	64	53	et	et	NNP
cord-034205-53i2tw65	64	54	al	al	NNP
cord-034205-53i2tw65	64	55	.	.	.
cord-034205-53i2tw65	65	1	2014	2014	CD
cord-034205-53i2tw65	65	2	;	;	:
cord-034205-53i2tw65	65	3	Richau	Richau	NNP
cord-034205-53i2tw65	65	4	et	et	FW
cord-034205-53i2tw65	65	5	al	al	NNP
cord-034205-53i2tw65	65	6	.	.	.
cord-034205-53i2tw65	65	7	2019	2019	CD
cord-034205-53i2tw65	65	8	)	)	-RRB-
cord-034205-53i2tw65	65	9	.	.	.
cord-034205-53i2tw65	66	1	The	the	DT
cord-034205-53i2tw65	66	2	third	third	JJ
cord-034205-53i2tw65	66	3	dimension	dimension	NN
cord-034205-53i2tw65	66	4	(	(	-LRB-
cord-034205-53i2tw65	66	5	player	player	NN
cord-034205-53i2tw65	66	6	popularity	popularity	NN
cord-034205-53i2tw65	66	7	)	)	-RRB-
cord-034205-53i2tw65	66	8	refers	refer	VBZ
cord-034205-53i2tw65	66	9	to	to	IN
cord-034205-53i2tw65	66	10	the	the	DT
cord-034205-53i2tw65	66	11	superstar	superstar	NN
cord-034205-53i2tw65	66	12	literature	literature	NN
cord-034205-53i2tw65	66	13	largely	largely	RB
cord-034205-53i2tw65	66	14	based	base	VBN
cord-034205-53i2tw65	66	15	on	on	IN
cord-034205-53i2tw65	66	16	Rosen	Rosen	NNP
cord-034205-53i2tw65	66	17	(	(	-LRB-
cord-034205-53i2tw65	66	18	1981	1981	CD
cord-034205-53i2tw65	66	19	)	)	-RRB-
cord-034205-53i2tw65	66	20	and	and	CC
cord-034205-53i2tw65	66	21	Adler	Adler	NNP
cord-034205-53i2tw65	66	22	(	(	-LRB-
cord-034205-53i2tw65	66	23	1985	1985	CD
cord-034205-53i2tw65	66	24	)	)	-RRB-
cord-034205-53i2tw65	66	25	and	and	CC
cord-034205-53i2tw65	66	26	examines	examine	VBZ
cord-034205-53i2tw65	66	27	the	the	DT
cord-034205-53i2tw65	66	28	relationship	relationship	NN
cord-034205-53i2tw65	66	29	between	between	IN
cord-034205-53i2tw65	66	30	talent	talent	NN
cord-034205-53i2tw65	66	31	and	and	CC
cord-034205-53i2tw65	66	32	popularity	popularity	NN
cord-034205-53i2tw65	66	33	.	.	.
cord-034205-53i2tw65	67	1	Rosen	Rosen	NNP
cord-034205-53i2tw65	67	2	(	(	-LRB-
cord-034205-53i2tw65	67	3	1981	1981	CD
cord-034205-53i2tw65	67	4	,	,	,
cord-034205-53i2tw65	68	1	p.	p.	NN
cord-034205-53i2tw65	68	2	845	845	CD
cord-034205-53i2tw65	68	3	)	)	-RRB-
cord-034205-53i2tw65	68	4	defines	define	VBZ
cord-034205-53i2tw65	68	5	superstars	superstar	NNS
cord-034205-53i2tw65	68	6	as	as	IN
cord-034205-53i2tw65	68	7	"	"	``
cord-034205-53i2tw65	68	8	relatively	relatively	RB
cord-034205-53i2tw65	68	9	small	small	JJ
cord-034205-53i2tw65	68	10	numbers	number	NNS
cord-034205-53i2tw65	68	11	of	of	IN
cord-034205-53i2tw65	68	12	people	people	NNS
cord-034205-53i2tw65	68	13	[	[	-LRB-
cord-034205-53i2tw65	68	14	who	who	WP
cord-034205-53i2tw65	68	15	]	]	-RRB-
cord-034205-53i2tw65	68	16	earn	earn	VB
cord-034205-53i2tw65	68	17	enormous	enormous	JJ
cord-034205-53i2tw65	68	18	amounts	amount	NNS
cord-034205-53i2tw65	68	19	of	of	IN
cord-034205-53i2tw65	68	20	money	money	NN
cord-034205-53i2tw65	68	21	and	and	CC
cord-034205-53i2tw65	68	22	dominate	dominate	VB
cord-034205-53i2tw65	68	23	the	the	DT
cord-034205-53i2tw65	68	24	activities	activity	NNS
cord-034205-53i2tw65	68	25	in	in	IN
cord-034205-53i2tw65	68	26	which	which	WDT
cord-034205-53i2tw65	68	27	they	-PRON-	PRP
cord-034205-53i2tw65	68	28	engage	engage	VBP
cord-034205-53i2tw65	68	29	"	"	''
cord-034205-53i2tw65	68	30	.	.	.
cord-034205-53i2tw65	69	1	He	-PRON-	PRP
cord-034205-53i2tw65	69	2	claims	claim	VBZ
cord-034205-53i2tw65	69	3	that	that	IN
cord-034205-53i2tw65	69	4	small	small	JJ
cord-034205-53i2tw65	69	5	talent	talent	NN
cord-034205-53i2tw65	69	6	differences	difference	NNS
cord-034205-53i2tw65	69	7	lead	lead	VBP
cord-034205-53i2tw65	69	8	to	to	IN
cord-034205-53i2tw65	69	9	considerable	considerable	JJ
cord-034205-53i2tw65	69	10	earning	earning	NN
cord-034205-53i2tw65	69	11	differences	difference	NNS
cord-034205-53i2tw65	69	12	due	due	JJ
cord-034205-53i2tw65	69	13	to	to	IN
cord-034205-53i2tw65	69	14	a	a	DT
cord-034205-53i2tw65	69	15	lack	lack	NN
cord-034205-53i2tw65	69	16	of	of	IN
cord-034205-53i2tw65	69	17	adequate	adequate	JJ
cord-034205-53i2tw65	69	18	substitutes	substitute	NNS
cord-034205-53i2tw65	69	19	for	for	IN
cord-034205-53i2tw65	69	20	great	great	JJ
cord-034205-53i2tw65	69	21	talent	talent	NN
cord-034205-53i2tw65	69	22	.	.	.
cord-034205-53i2tw65	70	1	Adler	Adler	NNP
cord-034205-53i2tw65	70	2	(	(	-LRB-
cord-034205-53i2tw65	70	3	1985	1985	CD
cord-034205-53i2tw65	70	4	)	)	-RRB-
cord-034205-53i2tw65	70	5	,	,	,
cord-034205-53i2tw65	70	6	on	on	IN
cord-034205-53i2tw65	70	7	the	the	DT
cord-034205-53i2tw65	70	8	other	other	JJ
cord-034205-53i2tw65	70	9	hand	hand	NN
cord-034205-53i2tw65	70	10	,	,	,
cord-034205-53i2tw65	70	11	says	say	VBZ
cord-034205-53i2tw65	70	12	that	that	IN
cord-034205-53i2tw65	70	13	superstars	superstar	NNS
cord-034205-53i2tw65	70	14	emerge	emerge	VBP
cord-034205-53i2tw65	70	15	even	even	RB
cord-034205-53i2tw65	70	16	in	in	IN
cord-034205-53i2tw65	70	17	the	the	DT
cord-034205-53i2tw65	70	18	case	case	NN
cord-034205-53i2tw65	70	19	of	of	IN
cord-034205-53i2tw65	70	20	equal	equal	JJ
cord-034205-53i2tw65	70	21	talent	talent	NN
cord-034205-53i2tw65	70	22	because	because	IN
cord-034205-53i2tw65	70	23	positive	positive	JJ
cord-034205-53i2tw65	70	24	network	network	NN
cord-034205-53i2tw65	70	25	externalities	externality	NNS
cord-034205-53i2tw65	70	26	associated	associate	VBN
cord-034205-53i2tw65	70	27	with	with	IN
cord-034205-53i2tw65	70	28	popularity	popularity	NN
cord-034205-53i2tw65	70	29	create	create	VB
cord-034205-53i2tw65	70	30	a	a	DT
cord-034205-53i2tw65	70	31	snowball	snowball	NN
cord-034205-53i2tw65	70	32	effect	effect	NN
cord-034205-53i2tw65	70	33	.	.	.
cord-034205-53i2tw65	71	1	By	by	IN
cord-034205-53i2tw65	71	2	analyzing	analyze	VBG
cord-034205-53i2tw65	71	3	the	the	DT
cord-034205-53i2tw65	71	4	superstar	superstar	NN
cord-034205-53i2tw65	71	5	phenomenon	phenomenon	NN
cord-034205-53i2tw65	71	6	and	and	CC
cord-034205-53i2tw65	71	7	the	the	DT
cord-034205-53i2tw65	71	8	effect	effect	NN
cord-034205-53i2tw65	71	9	of	of	IN
cord-034205-53i2tw65	71	10	popularity	popularity	NN
cord-034205-53i2tw65	71	11	in	in	IN
cord-034205-53i2tw65	71	12	football	football	NN
cord-034205-53i2tw65	71	13	,	,	,
cord-034205-53i2tw65	71	14	previous	previous	JJ
cord-034205-53i2tw65	71	15	studies	study	NNS
cord-034205-53i2tw65	71	16	have	have	VBP
cord-034205-53i2tw65	71	17	shown	show	VBN
cord-034205-53i2tw65	71	18	a	a	DT
cord-034205-53i2tw65	71	19	positive	positive	JJ
cord-034205-53i2tw65	71	20	effect	effect	NN
cord-034205-53i2tw65	71	21	of	of	IN
cord-034205-53i2tw65	71	22	popularity	popularity	NN
cord-034205-53i2tw65	71	23	-	-	HYPH
cord-034205-53i2tw65	71	24	for	for	IN
cord-034205-53i2tw65	71	25	example	example	NN
cord-034205-53i2tw65	71	26	,	,	,
cord-034205-53i2tw65	71	27	operationalized	operationalize	VBN
cord-034205-53i2tw65	71	28	as	as	IN
cord-034205-53i2tw65	71	29	press	press	NN
cord-034205-53i2tw65	71	30	citations	citation	NNS
cord-034205-53i2tw65	71	31	(	(	-LRB-
cord-034205-53i2tw65	71	32	Franck	Franck	NNP
cord-034205-53i2tw65	71	33	and	and	CC
cord-034205-53i2tw65	71	34	Nüesch	Nüesch	NNP
cord-034205-53i2tw65	71	35	2012	2012	CD
cord-034205-53i2tw65	71	36	)	)	-RRB-
cord-034205-53i2tw65	71	37	,	,	,
cord-034205-53i2tw65	71	38	Google	Google	NNP
cord-034205-53i2tw65	71	39	hits	hit	VBZ
cord-034205-53i2tw65	71	40	(	(	-LRB-
cord-034205-53i2tw65	71	41	Herm	Herm	NNP
cord-034205-53i2tw65	71	42	et	et	NNP
cord-034205-53i2tw65	71	43	al	al	NNP
cord-034205-53i2tw65	71	44	.	.	NNP
cord-034205-53i2tw65	71	45	2014	2014	CD
cord-034205-53i2tw65	71	46	)	)	-RRB-
cord-034205-53i2tw65	71	47	or	or	CC
cord-034205-53i2tw65	71	48	social	social	JJ
cord-034205-53i2tw65	71	49	media	medium	NNS
cord-034205-53i2tw65	71	50	followers	follower	NNS
cord-034205-53i2tw65	71	51	)	)	-RRB-
cord-034205-53i2tw65	71	52	-on	-on	.
cord-034205-53i2tw65	72	1	the	the	DT
cord-034205-53i2tw65	72	2	players	player	NNS
cord-034205-53i2tw65	72	3	'	'	POS
cord-034205-53i2tw65	72	4	market	market	NN
cord-034205-53i2tw65	72	5	values	value	NNS
cord-034205-53i2tw65	72	6	.	.	.
cord-034205-53i2tw65	73	1	As	as	IN
cord-034205-53i2tw65	73	2	a	a	DT
cord-034205-53i2tw65	73	3	fourth	fourth	JJ
cord-034205-53i2tw65	73	4	dimension	dimension	NN
cord-034205-53i2tw65	73	5	,	,	,
cord-034205-53i2tw65	73	6	recently	recently	RB
cord-034205-53i2tw65	73	7	added	add	VBD
cord-034205-53i2tw65	73	8	to	to	IN
cord-034205-53i2tw65	73	9	the	the	DT
cord-034205-53i2tw65	73	10	discussion	discussion	NN
cord-034205-53i2tw65	73	11	,	,	,
cord-034205-53i2tw65	73	12	Wicker	Wicker	NNP
cord-034205-53i2tw65	73	13	et	et	NNP
cord-034205-53i2tw65	73	14	al	al	NNP
cord-034205-53i2tw65	73	15	.	.	.
cord-034205-53i2tw65	74	1	(	(	-LRB-
cord-034205-53i2tw65	74	2	2013	2013	CD
cord-034205-53i2tw65	74	3	)	)	-RRB-
cord-034205-53i2tw65	74	4	analyze	analyze	VB
cord-034205-53i2tw65	74	5	the	the	DT
cord-034205-53i2tw65	74	6	effect	effect	NN
cord-034205-53i2tw65	74	7	of	of	IN
cord-034205-53i2tw65	74	8	effort	effort	NN
cord-034205-53i2tw65	74	9	(	(	-LRB-
cord-034205-53i2tw65	74	10	e.g.	e.g.	RB
cord-034205-53i2tw65	74	11	,	,	,
cord-034205-53i2tw65	74	12	running	run	VBG
cord-034205-53i2tw65	74	13	distance	distance	NN
cord-034205-53i2tw65	74	14	)	)	-RRB-
cord-034205-53i2tw65	74	15	on	on	IN
cord-034205-53i2tw65	74	16	market	market	NN
cord-034205-53i2tw65	74	17	values	value	NNS
cord-034205-53i2tw65	74	18	,	,	,
cord-034205-53i2tw65	74	19	but	but	CC
cord-034205-53i2tw65	74	20	find	find	VB
cord-034205-53i2tw65	74	21	only	only	RB
cord-034205-53i2tw65	74	22	insignificant	insignificant	JJ
cord-034205-53i2tw65	74	23	or	or	CC
cord-034205-53i2tw65	74	24	negative	negative	JJ
cord-034205-53i2tw65	74	25	effects	effect	NNS
cord-034205-53i2tw65	74	26	.	.	.
cord-034205-53i2tw65	75	1	An	an	DT
cord-034205-53i2tw65	75	2	overview	overview	NN
cord-034205-53i2tw65	75	3	of	of	IN
cord-034205-53i2tw65	75	4	the	the	DT
cord-034205-53i2tw65	75	5	studies	study	NNS
cord-034205-53i2tw65	75	6	on	on	IN
cord-034205-53i2tw65	75	7	market	market	NN
cord-034205-53i2tw65	75	8	values	value	NNS
cord-034205-53i2tw65	75	9	and	and	CC
cord-034205-53i2tw65	75	10	transfer	transfer	NN
cord-034205-53i2tw65	75	11	fees	fee	NNS
cord-034205-53i2tw65	75	12	mentioned	mention	VBN
cord-034205-53i2tw65	75	13	above	above	RB
cord-034205-53i2tw65	75	14	is	be	VBZ
cord-034205-53i2tw65	75	15	provided	provide	VBN
cord-034205-53i2tw65	75	16	in	in	IN
cord-034205-53i2tw65	75	17	Table	Table	NNP
cord-034205-53i2tw65	75	18	1	1	CD
cord-034205-53i2tw65	75	19	.	.	.
cord-034205-53i2tw65	76	1	Still	still	RB
cord-034205-53i2tw65	76	2	,	,	,
cord-034205-53i2tw65	76	3	despite	despite	IN
cord-034205-53i2tw65	76	4	numerous	numerous	JJ
cord-034205-53i2tw65	76	5	studies	study	NNS
cord-034205-53i2tw65	76	6	evaluating	evaluate	VBG
cord-034205-53i2tw65	76	7	the	the	DT
cord-034205-53i2tw65	76	8	determinants	determinant	NNS
cord-034205-53i2tw65	76	9	of	of	IN
cord-034205-53i2tw65	76	10	transfer	transfer	NN
cord-034205-53i2tw65	76	11	fees	fee	NNS
cord-034205-53i2tw65	76	12	,	,	,
cord-034205-53i2tw65	76	13	the	the	DT
cord-034205-53i2tw65	76	14	final	final	JJ
cord-034205-53i2tw65	76	15	price	price	NN
cord-034205-53i2tw65	76	16	(	(	-LRB-
cord-034205-53i2tw65	76	17	so	so	RB
cord-034205-53i2tw65	76	18	-	-	HYPH
cord-034205-53i2tw65	76	19	called	call	VBN
cord-034205-53i2tw65	76	20	arbitration	arbitration	NN
cord-034205-53i2tw65	76	21	value	value	NN
cord-034205-53i2tw65	76	22	,	,	,
cord-034205-53i2tw65	76	23	Matschke	Matschke	NNP
cord-034205-53i2tw65	76	24	1979	1979	CD
cord-034205-53i2tw65	76	25	)	)	-RRB-
cord-034205-53i2tw65	76	26	is	be	VBZ
cord-034205-53i2tw65	76	27	the	the	DT
cord-034205-53i2tw65	76	28	outcome	outcome	NN
cord-034205-53i2tw65	76	29	of	of	IN
cord-034205-53i2tw65	76	30	the	the	DT
cord-034205-53i2tw65	76	31	negotiations	negotiation	NNS
cord-034205-53i2tw65	76	32	)	)	-RRB-
cord-034205-53i2tw65	76	33	between	between	IN
cord-034205-53i2tw65	76	34	the	the	DT
cord-034205-53i2tw65	76	35	club	club	NN
cord-034205-53i2tw65	76	36	that	that	WDT
cord-034205-53i2tw65	76	37	would	would	MD
cord-034205-53i2tw65	76	38	like	like	VB
cord-034205-53i2tw65	76	39	to	to	TO
cord-034205-53i2tw65	76	40	buy	buy	VB
cord-034205-53i2tw65	76	41	a	a	DT
cord-034205-53i2tw65	76	42	player	player	NN
cord-034205-53i2tw65	76	43	and	and	CC
cord-034205-53i2tw65	76	44	the	the	DT
cord-034205-53i2tw65	76	45	selling	selling	NN
cord-034205-53i2tw65	76	46	club	club	NN
cord-034205-53i2tw65	76	47	.	.	.
cord-034205-53i2tw65	77	1	If	if	IN
cord-034205-53i2tw65	77	2	the	the	DT
cord-034205-53i2tw65	77	3	negotiating	negotiate	VBG
cord-034205-53i2tw65	77	4	parties	party	NNS
cord-034205-53i2tw65	77	5	respect	respect	VBP
cord-034205-53i2tw65	77	6	their	-PRON-	PRP$
cord-034205-53i2tw65	77	7	individual	individual	JJ
cord-034205-53i2tw65	77	8	agreement	agreement	NN
cord-034205-53i2tw65	77	9	conditions	condition	NNS
cord-034205-53i2tw65	77	10	,	,	,
cord-034205-53i2tw65	77	11	both	both	DT
cord-034205-53i2tw65	77	12	clubs	club	NNS
cord-034205-53i2tw65	77	13	increase	increase	VBP
cord-034205-53i2tw65	77	14	their	-PRON-	PRP$
cord-034205-53i2tw65	77	15	welfare	welfare	NN
cord-034205-53i2tw65	77	16	.	.	.
cord-034205-53i2tw65	78	1	It	-PRON-	PRP
cord-034205-53i2tw65	78	2	is	be	VBZ
cord-034205-53i2tw65	78	3	important	important	JJ
cord-034205-53i2tw65	78	4	to	to	TO
cord-034205-53i2tw65	78	5	note	note	VB
cord-034205-53i2tw65	78	6	,	,	,
cord-034205-53i2tw65	78	7	though	though	RB
cord-034205-53i2tw65	78	8	,	,	,
cord-034205-53i2tw65	78	9	that	that	IN
cord-034205-53i2tw65	78	10	the	the	DT
cord-034205-53i2tw65	78	11	football	football	NN
cord-034205-53i2tw65	78	12	labor	labor	NN
cord-034205-53i2tw65	78	13	market	market	NN
cord-034205-53i2tw65	78	14	is	be	VBZ
cord-034205-53i2tw65	78	15	judgment	judgment	NN
cord-034205-53i2tw65	78	16	-	-	HYPH
cord-034205-53i2tw65	78	17	based	base	VBN
cord-034205-53i2tw65	78	18	.	.	.
cord-034205-53i2tw65	79	1	Although	although	IN
cord-034205-53i2tw65	79	2	various	various	JJ
cord-034205-53i2tw65	79	3	(	(	-LRB-
cord-034205-53i2tw65	79	4	objective	objective	JJ
cord-034205-53i2tw65	79	5	)	)	-RRB-
cord-034205-53i2tw65	79	6	player	player	NN
cord-034205-53i2tw65	79	7	statistics	statistic	NNS
cord-034205-53i2tw65	79	8	are	be	VBP
cord-034205-53i2tw65	79	9	available	available	JJ
cord-034205-53i2tw65	79	10	as	as	IN
cord-034205-53i2tw65	79	11	shown	show	VBN
cord-034205-53i2tw65	79	12	above	above	RB
cord-034205-53i2tw65	79	13	,	,	,
cord-034205-53i2tw65	79	14	the	the	DT
cord-034205-53i2tw65	79	15	question	question	NN
cord-034205-53i2tw65	79	16	of	of	IN
cord-034205-53i2tw65	79	17	how	how	WRB
cord-034205-53i2tw65	79	18	to	to	TO
cord-034205-53i2tw65	79	19	combine	combine	VB
cord-034205-53i2tw65	79	20	these	these	DT
cord-034205-53i2tw65	79	21	statistics	statistic	NNS
cord-034205-53i2tw65	79	22	into	into	IN
cord-034205-53i2tw65	79	23	a	a	DT
cord-034205-53i2tw65	79	24	single	single	JJ
cord-034205-53i2tw65	79	25	number	number	NN
cord-034205-53i2tw65	79	26	(	(	-LRB-
cord-034205-53i2tw65	79	27	i.e.	i.e.	FW
cord-034205-53i2tw65	79	28	,	,	,
cord-034205-53i2tw65	79	29	market	market	NN
cord-034205-53i2tw65	79	30	value	value	NN
cord-034205-53i2tw65	79	31	or	or	CC
cord-034205-53i2tw65	79	32	transfer	transfer	NN
cord-034205-53i2tw65	79	33	fee	fee	NN
cord-034205-53i2tw65	79	34	)	)	-RRB-
cord-034205-53i2tw65	79	35	is	be	VBZ
cord-034205-53i2tw65	79	36	disputed	dispute	VBN
cord-034205-53i2tw65	79	37	.	.	.
cord-034205-53i2tw65	80	1	Managers	manager	NNS
cord-034205-53i2tw65	80	2	might	may	MD
cord-034205-53i2tw65	80	3	assign	assign	VB
cord-034205-53i2tw65	80	4	a	a	DT
cord-034205-53i2tw65	80	5	different	different	JJ
cord-034205-53i2tw65	80	6	weight	weight	NN
cord-034205-53i2tw65	80	7	to	to	IN
cord-034205-53i2tw65	80	8	the	the	DT
cord-034205-53i2tw65	80	9	various	various	JJ
cord-034205-53i2tw65	80	10	performance	performance	NN
cord-034205-53i2tw65	80	11	measures	measure	NNS
cord-034205-53i2tw65	80	12	,	,	,
cord-034205-53i2tw65	80	13	which	which	WDT
cord-034205-53i2tw65	80	14	increases	increase	VBZ
cord-034205-53i2tw65	80	15	the	the	DT
cord-034205-53i2tw65	80	16	extent	extent	NN
cord-034205-53i2tw65	80	17	of	of	IN
cord-034205-53i2tw65	80	18	subjectivity	subjectivity	NN
cord-034205-53i2tw65	80	19	in	in	IN
cord-034205-53i2tw65	80	20	player	player	NN
cord-034205-53i2tw65	80	21	valuations	valuation	NNS
cord-034205-53i2tw65	80	22	and	and	CC
cord-034205-53i2tw65	80	23	transfer	transfer	NN
cord-034205-53i2tw65	80	24	fee	fee	NN
cord-034205-53i2tw65	80	25	negotiations	negotiation	NNS
cord-034205-53i2tw65	80	26	(	(	-LRB-
cord-034205-53i2tw65	80	27	for	for	IN
cord-034205-53i2tw65	80	28	further	further	JJ
cord-034205-53i2tw65	80	29	information	information	NN
cord-034205-53i2tw65	80	30	about	about	IN
cord-034205-53i2tw65	80	31	judgments	judgment	NNS
cord-034205-53i2tw65	80	32	in	in	IN
cord-034205-53i2tw65	80	33	markets	market	NNS
cord-034205-53i2tw65	80	34	that	that	WDT
cord-034205-53i2tw65	80	35	lack	lack	VBP
cord-034205-53i2tw65	80	36	objective	objective	JJ
cord-034205-53i2tw65	80	37	criteria	criterion	NNS
cord-034205-53i2tw65	80	38	,	,	,
cord-034205-53i2tw65	80	39	see	see	VB
cord-034205-53i2tw65	80	40	Karpik	Karpik	NNP
cord-034205-53i2tw65	80	41	2011	2011	CD
cord-034205-53i2tw65	80	42	;	;	:
cord-034205-53i2tw65	80	43	Maurer	Maurer	NNP
cord-034205-53i2tw65	80	44	and	and	CC
cord-034205-53i2tw65	80	45	Mikl	Mikl	NNP
cord-034205-53i2tw65	80	46	-	-	HYPH
cord-034205-53i2tw65	80	47	Horke	Horke	NNP
cord-034205-53i2tw65	80	48	2015	2015	CD
cord-034205-53i2tw65	80	49	)	)	-RRB-
cord-034205-53i2tw65	81	1	Hence	hence	RB
cord-034205-53i2tw65	81	2	,	,	,
cord-034205-53i2tw65	81	3	the	the	DT
cord-034205-53i2tw65	81	4	selling	selling	NN
cord-034205-53i2tw65	81	5	and	and	CC
cord-034205-53i2tw65	81	6	purchasing	purchasing	NN
cord-034205-53i2tw65	81	7	clubs	club	NNS
cord-034205-53i2tw65	81	8	might	may	MD
cord-034205-53i2tw65	81	9	differ	differ	VB
cord-034205-53i2tw65	81	10	in	in	IN
cord-034205-53i2tw65	81	11	their	-PRON-	PRP$
cord-034205-53i2tw65	81	12	judgments	judgment	NNS
cord-034205-53i2tw65	81	13	regarding	regard	VBG
cord-034205-53i2tw65	81	14	a	a	DT
cord-034205-53i2tw65	81	15	fair	fair	JJ
cord-034205-53i2tw65	81	16	price	price	NN
cord-034205-53i2tw65	81	17	.	.	.
cord-034205-53i2tw65	82	1	Further	further	RB
cord-034205-53i2tw65	82	2	,	,	,
cord-034205-53i2tw65	82	3	it	-PRON-	PRP
cord-034205-53i2tw65	82	4	is	be	VBZ
cord-034205-53i2tw65	82	5	difficult	difficult	JJ
cord-034205-53i2tw65	82	6	to	to	TO
cord-034205-53i2tw65	82	7	measure	measure	VB
cord-034205-53i2tw65	82	8	the	the	DT
cord-034205-53i2tw65	82	9	individual	individual	JJ
cord-034205-53i2tw65	82	10	marginal	marginal	JJ
cord-034205-53i2tw65	82	11	revenue	revenue	NN
cord-034205-53i2tw65	82	12	product	product	NN
cord-034205-53i2tw65	82	13	(	(	-LRB-
cord-034205-53i2tw65	82	14	i.e.	i.e.	FW
cord-034205-53i2tw65	82	15	,	,	,
cord-034205-53i2tw65	82	16	payment	payment	NN
cord-034205-53i2tw65	82	17	streams	stream	NNS
cord-034205-53i2tw65	82	18	)	)	-RRB-
cord-034205-53i2tw65	82	19	that	that	IN
cord-034205-53i2tw65	82	20	a	a	DT
cord-034205-53i2tw65	82	21	player	player	NN
cord-034205-53i2tw65	82	22	will	will	MD
cord-034205-53i2tw65	82	23	provide	provide	VB
cord-034205-53i2tw65	82	24	(	(	-LRB-
cord-034205-53i2tw65	82	25	e.g.	e.g.	RB
cord-034205-53i2tw65	82	26	,	,	,
cord-034205-53i2tw65	82	27	through	through	IN
cord-034205-53i2tw65	82	28	his	-PRON-	PRP$
cord-034205-53i2tw65	82	29	contribution	contribution	NN
cord-034205-53i2tw65	82	30	to	to	IN
cord-034205-53i2tw65	82	31	the	the	DT
cord-034205-53i2tw65	82	32	sporting	sport	VBG
cord-034205-53i2tw65	82	33	success	success	NN
cord-034205-53i2tw65	82	34	and	and	CC
cord-034205-53i2tw65	82	35	his	-PRON-	PRP$
cord-034205-53i2tw65	82	36	marketability	marketability	NN
cord-034205-53i2tw65	82	37	)	)	-RRB-
cord-034205-53i2tw65	82	38	to	to	IN
cord-034205-53i2tw65	82	39	the	the	DT
cord-034205-53i2tw65	82	40	club	club	NN
cord-034205-53i2tw65	82	41	since	since	IN
cord-034205-53i2tw65	82	42	the	the	DT
cord-034205-53i2tw65	82	43	value	value	NN
cord-034205-53i2tw65	82	44	differs	differ	VBZ
cord-034205-53i2tw65	82	45	among	among	IN
cord-034205-53i2tw65	82	46	clubs	club	NNS
cord-034205-53i2tw65	82	47	(	(	-LRB-
cord-034205-53i2tw65	82	48	Ackermann	Ackermann	NNP
cord-034205-53i2tw65	82	49	and	and	CC
cord-034205-53i2tw65	82	50	Follert	Follert	NNP
cord-034205-53i2tw65	82	51	2018	2018	CD
cord-034205-53i2tw65	82	52	)	)	-RRB-
cord-034205-53i2tw65	82	53	.	.	.
cord-034205-53i2tw65	83	1	Given	give	VBN
cord-034205-53i2tw65	83	2	the	the	DT
cord-034205-53i2tw65	83	3	absence	absence	NN
cord-034205-53i2tw65	83	4	of	of	IN
cord-034205-53i2tw65	83	5	objective	objective	JJ
cord-034205-53i2tw65	83	6	market	market	NN
cord-034205-53i2tw65	83	7	values	value	NNS
cord-034205-53i2tw65	83	8	in	in	IN
cord-034205-53i2tw65	83	9	the	the	DT
cord-034205-53i2tw65	83	10	inherently	inherently	RB
cord-034205-53i2tw65	83	11	imperfect	imperfect	JJ
cord-034205-53i2tw65	83	12	football	football	NN
cord-034205-53i2tw65	83	13	transfer	transfer	NN
cord-034205-53i2tw65	83	14	market	market	NN
cord-034205-53i2tw65	83	15	,	,	,
cord-034205-53i2tw65	83	16	past	past	JJ
cord-034205-53i2tw65	83	17	transfer	transfer	NN
cord-034205-53i2tw65	83	18	fees	fee	NNS
cord-034205-53i2tw65	83	19	of	of	IN
cord-034205-53i2tw65	83	20	comparable	comparable	JJ
cord-034205-53i2tw65	83	21	players	player	NNS
cord-034205-53i2tw65	83	22	and	and	CC
cord-034205-53i2tw65	83	23	other	other	JJ
cord-034205-53i2tw65	83	24	indicators	indicator	NNS
cord-034205-53i2tw65	83	25	(	(	-LRB-
cord-034205-53i2tw65	83	26	e.g.	e.g.	RB
cord-034205-53i2tw65	83	27	,	,	,
cord-034205-53i2tw65	83	28	performance	performance	NN
cord-034205-53i2tw65	83	29	indicators	indicator	NNS
cord-034205-53i2tw65	83	30	,	,	,
cord-034205-53i2tw65	83	31	expert	expert	NN
cord-034205-53i2tw65	83	32	valuations	valuation	NNS
cord-034205-53i2tw65	83	33	)	)	-RRB-
cord-034205-53i2tw65	83	34	can	can	MD
cord-034205-53i2tw65	83	35	be	be	VB
cord-034205-53i2tw65	83	36	used	use	VBN
cord-034205-53i2tw65	83	37	as	as	IN
cord-034205-53i2tw65	83	38	reference	reference	NN
cord-034205-53i2tw65	83	39	points	point	NNS
cord-034205-53i2tw65	83	40	in	in	IN
cord-034205-53i2tw65	83	41	the	the	DT
cord-034205-53i2tw65	83	42	negotiations	negotiation	NNS
cord-034205-53i2tw65	83	43	(	(	-LRB-
cord-034205-53i2tw65	83	44	for	for	IN
cord-034205-53i2tw65	83	45	market	market	NN
cord-034205-53i2tw65	83	46	values	value	NNS
cord-034205-53i2tw65	83	47	as	as	IN
cord-034205-53i2tw65	83	48	an	an	DT
cord-034205-53i2tw65	83	49	argument	argument	NN
cord-034205-53i2tw65	83	50	in	in	IN
cord-034205-53i2tw65	83	51	negotiations	negotiation	NNS
cord-034205-53i2tw65	83	52	,	,	,
cord-034205-53i2tw65	83	53	see	see	VB
cord-034205-53i2tw65	83	54	Ackermann	Ackermann	NNP
cord-034205-53i2tw65	83	55	and	and	CC
cord-034205-53i2tw65	83	56	Follert	Follert	NNP
cord-034205-53i2tw65	83	57	2018	2018	CD
cord-034205-53i2tw65	83	58	)	)	-RRB-
cord-034205-53i2tw65	83	59	.	.	.
cord-034205-53i2tw65	84	1	Furthermore	furthermore	RB
cord-034205-53i2tw65	84	2	,	,	,
cord-034205-53i2tw65	84	3	it	-PRON-	PRP
cord-034205-53i2tw65	84	4	is	be	VBZ
cord-034205-53i2tw65	84	5	worth	worth	JJ
cord-034205-53i2tw65	84	6	noting	note	VBG
cord-034205-53i2tw65	84	7	that	that	IN
cord-034205-53i2tw65	84	8	the	the	DT
cord-034205-53i2tw65	84	9	inherent	inherent	JJ
cord-034205-53i2tw65	84	10	bidding	bidding	NN
cord-034205-53i2tw65	84	11	process	process	NN
cord-034205-53i2tw65	84	12	on	on	IN
cord-034205-53i2tw65	84	13	the	the	DT
cord-034205-53i2tw65	84	14	football	football	NN
cord-034205-53i2tw65	84	15	labor	labor	NN
cord-034205-53i2tw65	84	16	market	market	NN
cord-034205-53i2tw65	84	17	might	may	MD
cord-034205-53i2tw65	84	18	come	come	VB
cord-034205-53i2tw65	84	19	with	with	IN
cord-034205-53i2tw65	84	20	a	a	DT
cord-034205-53i2tw65	84	21	winner	winner	NN
cord-034205-53i2tw65	84	22	's	's	POS
cord-034205-53i2tw65	84	23	curse	curse	NN
cord-034205-53i2tw65	84	24	whereby	whereby	WRB
cord-034205-53i2tw65	84	25	the	the	DT
cord-034205-53i2tw65	84	26	winning	win	VBG
cord-034205-53i2tw65	84	27	bidder	bidder	NN
cord-034205-53i2tw65	84	28	overinvests	overinvest	NNS
cord-034205-53i2tw65	84	29	(	(	-LRB-
cord-034205-53i2tw65	84	30	based	base	VBN
cord-034205-53i2tw65	84	31	on	on	IN
cord-034205-53i2tw65	84	32	Capen	Capen	NNP
cord-034205-53i2tw65	84	33	et	et	FW
cord-034205-53i2tw65	84	34	al	al	NNP
cord-034205-53i2tw65	84	35	.	.	NNP
cord-034205-53i2tw65	84	36	1971	1971	CD
cord-034205-53i2tw65	84	37	)	)	-RRB-
cord-034205-53i2tw65	84	38	.	.	.
cord-034205-53i2tw65	85	1	Previous	previous	JJ
cord-034205-53i2tw65	85	2	research	research	NN
cord-034205-53i2tw65	85	3	argues	argue	VBZ
cord-034205-53i2tw65	85	4	that	that	IN
cord-034205-53i2tw65	85	5	this	this	DT
cord-034205-53i2tw65	85	6	phenomenon	phenomenon	NN
cord-034205-53i2tw65	85	7	exists	exist	VBZ
cord-034205-53i2tw65	85	8	also	also	RB
cord-034205-53i2tw65	85	9	in	in	IN
cord-034205-53i2tw65	85	10	the	the	DT
cord-034205-53i2tw65	85	11	sports	sport	NNS
cord-034205-53i2tw65	85	12	industry	industry	NN
cord-034205-53i2tw65	85	13	(	(	-LRB-
cord-034205-53i2tw65	85	14	Andreff	Andreff	NNP
cord-034205-53i2tw65	85	15	2012	2012	CD
cord-034205-53i2tw65	85	16	)	)	-RRB-
cord-034205-53i2tw65	85	17	such	such	JJ
cord-034205-53i2tw65	85	18	as	as	IN
cord-034205-53i2tw65	85	19	baseball	baseball	NN
cord-034205-53i2tw65	85	20	(	(	-LRB-
cord-034205-53i2tw65	85	21	Cassing	Cassing	NNP
cord-034205-53i2tw65	85	22	and	and	CC
cord-034205-53i2tw65	85	23	Douglas	Douglas	NNP
cord-034205-53i2tw65	85	24	1980	1980	CD
cord-034205-53i2tw65	85	25	)	)	-RRB-
cord-034205-53i2tw65	85	26	.	.	.
cord-034205-53i2tw65	86	1	In	in	IN
cord-034205-53i2tw65	86	2	the	the	DT
cord-034205-53i2tw65	86	3	case	case	NN
cord-034205-53i2tw65	86	4	of	of	IN
cord-034205-53i2tw65	86	5	player	player	NN
cord-034205-53i2tw65	86	6	trading	trading	NN
cord-034205-53i2tw65	86	7	,	,	,
cord-034205-53i2tw65	86	8	a	a	DT
cord-034205-53i2tw65	86	9	winner	winner	NN
cord-034205-53i2tw65	86	10	's	's	POS
cord-034205-53i2tw65	86	11	curse	curse	NN
cord-034205-53i2tw65	86	12	can	can	MD
cord-034205-53i2tw65	86	13	exist	exist	VB
cord-034205-53i2tw65	86	14	if	if	IN
cord-034205-53i2tw65	86	15	multiple	multiple	JJ
cord-034205-53i2tw65	86	16	clubs	club	NNS
cord-034205-53i2tw65	86	17	want	want	VBP
cord-034205-53i2tw65	86	18	to	to	TO
cord-034205-53i2tw65	86	19	sign	sign	VB
cord-034205-53i2tw65	86	20	a	a	DT
cord-034205-53i2tw65	86	21	player	player	NN
cord-034205-53i2tw65	86	22	.	.	.
cord-034205-53i2tw65	87	1	This	this	DT
cord-034205-53i2tw65	87	2	can	can	MD
cord-034205-53i2tw65	87	3	force	force	VB
cord-034205-53i2tw65	87	4	the	the	DT
cord-034205-53i2tw65	87	5	winning	win	VBG
cord-034205-53i2tw65	87	6	club	club	NN
cord-034205-53i2tw65	87	7	to	to	TO
cord-034205-53i2tw65	87	8	acquire	acquire	VB
cord-034205-53i2tw65	87	9	the	the	DT
cord-034205-53i2tw65	87	10	respective	respective	JJ
cord-034205-53i2tw65	87	11	player	player	NN
cord-034205-53i2tw65	87	12	by	by	IN
cord-034205-53i2tw65	87	13	spending	spend	VBG
cord-034205-53i2tw65	87	14	more	more	JJR
cord-034205-53i2tw65	87	15	than	than	IN
cord-034205-53i2tw65	87	16	the	the	DT
cord-034205-53i2tw65	87	17	player	player	NN
cord-034205-53i2tw65	87	18	's	's	POS
cord-034205-53i2tw65	87	19	marginal	marginal	JJ
cord-034205-53i2tw65	87	20	revenue	revenue	NN
cord-034205-53i2tw65	87	21	product	product	NN
cord-034205-53i2tw65	87	22	(	(	-LRB-
cord-034205-53i2tw65	87	23	Andreff	Andreff	NNP
cord-034205-53i2tw65	87	24	2014	2014	CD
cord-034205-53i2tw65	87	25	)	)	-RRB-
cord-034205-53i2tw65	87	26	.	.	.
cord-034205-53i2tw65	88	1	However	however	RB
cord-034205-53i2tw65	88	2	,	,	,
cord-034205-53i2tw65	88	3	among	among	IN
cord-034205-53i2tw65	88	4	other	other	JJ
cord-034205-53i2tw65	88	5	motives	motive	NNS
cord-034205-53i2tw65	88	6	,	,	,
cord-034205-53i2tw65	88	7	a	a	DT
cord-034205-53i2tw65	88	8	club	club	NN
cord-034205-53i2tw65	88	9	might	may	MD
cord-034205-53i2tw65	88	10	be	be	VB
cord-034205-53i2tw65	88	11	willing	willing	JJ
cord-034205-53i2tw65	88	12	to	to	TO
cord-034205-53i2tw65	88	13	overinvest	overinvest	VB
cord-034205-53i2tw65	88	14	to	to	TO
cord-034205-53i2tw65	88	15	prevent	prevent	VB
cord-034205-53i2tw65	88	16	other	other	JJ
cord-034205-53i2tw65	88	17	teams	team	NNS
cord-034205-53i2tw65	88	18	from	from	IN
cord-034205-53i2tw65	88	19	benefiting	benefit	VBG
cord-034205-53i2tw65	88	20	from	from	IN
cord-034205-53i2tw65	88	21	the	the	DT
cord-034205-53i2tw65	88	22	player	player	NN
cord-034205-53i2tw65	88	23	's	's	POS
cord-034205-53i2tw65	88	24	marginal	marginal	JJ
cord-034205-53i2tw65	88	25	revenue	revenue	NN
cord-034205-53i2tw65	88	26	product	product	NN
cord-034205-53i2tw65	88	27	(	(	-LRB-
cord-034205-53i2tw65	88	28	i.e.	i.e.	FW
cord-034205-53i2tw65	88	29	,	,	,
cord-034205-53i2tw65	88	30	weakening	weaken	VBG
cord-034205-53i2tw65	88	31	other	other	JJ
cord-034205-53i2tw65	88	32	teams	team	NNS
cord-034205-53i2tw65	88	33	)	)	-RRB-
cord-034205-53i2tw65	88	34	.	.	.
cord-034205-53i2tw65	89	1	To	to	TO
cord-034205-53i2tw65	89	2	finance	finance	VB
cord-034205-53i2tw65	89	3	transfers	transfer	NNS
cord-034205-53i2tw65	89	4	and	and	CC
cord-034205-53i2tw65	89	5	meet	meet	VB
cord-034205-53i2tw65	89	6	other	other	JJ
cord-034205-53i2tw65	89	7	financial	financial	JJ
cord-034205-53i2tw65	89	8	obligations	obligation	NNS
cord-034205-53i2tw65	89	9	,	,	,
cord-034205-53i2tw65	89	10	football	football	NN
cord-034205-53i2tw65	89	11	clubs	club	NNS
cord-034205-53i2tw65	89	12	rely	rely	VBP
cord-034205-53i2tw65	89	13	on	on	IN
cord-034205-53i2tw65	89	14	internal	internal	JJ
cord-034205-53i2tw65	89	15	and	and	CC
cord-034205-53i2tw65	89	16	external	external	JJ
cord-034205-53i2tw65	89	17	financing	financing	NN
cord-034205-53i2tw65	89	18	.	.	.
cord-034205-53i2tw65	90	1	Their	-PRON-	PRP$
cord-034205-53i2tw65	90	2	internal	internal	JJ
cord-034205-53i2tw65	90	3	financing	financing	NN
cord-034205-53i2tw65	90	4	consists	consist	VBZ
cord-034205-53i2tw65	90	5	primarily	primarily	RB
cord-034205-53i2tw65	90	6	of	of	IN
cord-034205-53i2tw65	90	7	broadcasting	broadcasting	NN
cord-034205-53i2tw65	90	8	,	,	,
cord-034205-53i2tw65	90	9	matchday	matchday	NN
cord-034205-53i2tw65	90	10	,	,	,
cord-034205-53i2tw65	90	11	and	and	CC
cord-034205-53i2tw65	90	12	sponsorship	sponsorship	NN
cord-034205-53i2tw65	90	13	revenues	revenue	NNS
cord-034205-53i2tw65	90	14	whereby	whereby	WRB
cord-034205-53i2tw65	90	15	the	the	DT
cord-034205-53i2tw65	90	16	major	major	JJ
cord-034205-53i2tw65	90	17	part	part	NN
cord-034205-53i2tw65	90	18	of	of	IN
cord-034205-53i2tw65	90	19	their	-PRON-	PRP$
cord-034205-53i2tw65	90	20	revenue	revenue	NN
cord-034205-53i2tw65	90	21	comes	come	VBZ
cord-034205-53i2tw65	90	22	from	from	IN
cord-034205-53i2tw65	90	23	broadcasting	broadcasting	NN
cord-034205-53i2tw65	90	24	and	and	CC
cord-034205-53i2tw65	90	25	sponsorship	sponsorship	NN
cord-034205-53i2tw65	90	26	/	/	SYM
cord-034205-53i2tw65	90	27	commercial	commercial	JJ
cord-034205-53i2tw65	90	28	revenues	revenue	NNS
cord-034205-53i2tw65	90	29	in	in	IN
cord-034205-53i2tw65	90	30	the	the	DT
cord-034205-53i2tw65	90	31	major	major	JJ
cord-034205-53i2tw65	90	32	five	five	CD
cord-034205-53i2tw65	90	33	leagues	league	NNS
cord-034205-53i2tw65	90	34	Dworak	Dworak	NNP
cord-034205-53i2tw65	90	35	2010	2010	CD
cord-034205-53i2tw65	90	36	)	)	-RRB-
cord-034205-53i2tw65	90	37	.	.	.
cord-034205-53i2tw65	91	1	On	on	IN
cord-034205-53i2tw65	91	2	the	the	DT
cord-034205-53i2tw65	91	3	external	external	JJ
cord-034205-53i2tw65	91	4	side	side	NN
cord-034205-53i2tw65	91	5	,	,	,
cord-034205-53i2tw65	91	6	football	football	NN
cord-034205-53i2tw65	91	7	clubs	club	NNS
cord-034205-53i2tw65	91	8	can	can	MD
cord-034205-53i2tw65	91	9	rely	rely	VB
cord-034205-53i2tw65	91	10	on	on	IN
cord-034205-53i2tw65	91	11	multiple	multiple	JJ
cord-034205-53i2tw65	91	12	financial	financial	JJ
cord-034205-53i2tw65	91	13	instruments	instrument	NNS
cord-034205-53i2tw65	91	14	,	,	,
cord-034205-53i2tw65	91	15	including	include	VBG
cord-034205-53i2tw65	91	16	bank	bank	NN
cord-034205-53i2tw65	91	17	loans	loan	NNS
cord-034205-53i2tw65	91	18	,	,	,
cord-034205-53i2tw65	91	19	bonds	bond	NNS
cord-034205-53i2tw65	91	20	,	,	,
cord-034205-53i2tw65	91	21	and	and	CC
cord-034205-53i2tw65	91	22	money	money	NN
cord-034205-53i2tw65	91	23	injections	injection	NNS
cord-034205-53i2tw65	91	24	by	by	IN
cord-034205-53i2tw65	91	25	external	external	JJ
cord-034205-53i2tw65	91	26	corporate	corporate	JJ
cord-034205-53i2tw65	91	27	or	or	CC
cord-034205-53i2tw65	91	28	private	private	JJ
cord-034205-53i2tw65	91	29	partners	partner	NNS
cord-034205-53i2tw65	91	30	(	(	-LRB-
cord-034205-53i2tw65	91	31	Berenberg	Berenberg	NNP
cord-034205-53i2tw65	91	32	2015	2015	CD
cord-034205-53i2tw65	91	33	)	)	-RRB-
cord-034205-53i2tw65	91	34	.	.	.
cord-034205-53i2tw65	92	1	For	for	IN
cord-034205-53i2tw65	92	2	external	external	JJ
cord-034205-53i2tw65	92	3	suppliers	supplier	NNS
cord-034205-53i2tw65	92	4	of	of	IN
cord-034205-53i2tw65	92	5	financial	financial	JJ
cord-034205-53i2tw65	92	6	resources	resource	NNS
cord-034205-53i2tw65	92	7	(	(	-LRB-
cord-034205-53i2tw65	92	8	e.g.	e.g.	RB
cord-034205-53i2tw65	92	9	,	,	,
cord-034205-53i2tw65	92	10	banks	bank	NNS
cord-034205-53i2tw65	92	11	)	)	-RRB-
cord-034205-53i2tw65	92	12	,	,	,
cord-034205-53i2tw65	92	13	loans	loan	NNS
cord-034205-53i2tw65	92	14	provided	provide	VBN
cord-034205-53i2tw65	92	15	to	to	IN
cord-034205-53i2tw65	92	16	sports	sport	NNS
cord-034205-53i2tw65	92	17	clubs	club	NNS
cord-034205-53i2tw65	92	18	are	be	VBP
cord-034205-53i2tw65	92	19	especially	especially	RB
cord-034205-53i2tw65	92	20	risky	risky	JJ
cord-034205-53i2tw65	92	21	since	since	IN
cord-034205-53i2tw65	92	22	the	the	DT
cord-034205-53i2tw65	92	23	outcome	outcome	NN
cord-034205-53i2tw65	92	24	and	and	CC
cord-034205-53i2tw65	92	25	respective	respective	JJ
cord-034205-53i2tw65	92	26	returns	return	NNS
cord-034205-53i2tw65	92	27	of	of	IN
cord-034205-53i2tw65	92	28	sports	sport	NNS
cord-034205-53i2tw65	92	29	events	event	NNS
cord-034205-53i2tw65	92	30	resemble	resemble	VBP
cord-034205-53i2tw65	92	31	"	"	''
cord-034205-53i2tw65	92	32	a	a	DT
cord-034205-53i2tw65	92	33	mix	mix	NN
cord-034205-53i2tw65	92	34	of	of	IN
cord-034205-53i2tw65	92	35	predictability	predictability	NN
cord-034205-53i2tw65	92	36	and	and	CC
cord-034205-53i2tw65	92	37	gambling	gambling	NN
cord-034205-53i2tw65	92	38	including	include	VBG
cord-034205-53i2tw65	92	39	a	a	DT
cord-034205-53i2tw65	92	40	systematic	systematic	JJ
cord-034205-53i2tw65	92	41	tip	tip	NN
cord-034205-53i2tw65	92	42	"	"	''
cord-034205-53i2tw65	93	1	(	(	-LRB-
cord-034205-53i2tw65	93	2	Emrich	Emrich	NNP
cord-034205-53i2tw65	93	3	et	et	NNP
cord-034205-53i2tw65	93	4	al	al	NNP
cord-034205-53i2tw65	93	5	.	.	.
cord-034205-53i2tw65	94	1	2013	2013	CD
cord-034205-53i2tw65	94	2	,	,	,
cord-034205-53i2tw65	94	3	p.	p.	NN
cord-034205-53i2tw65	94	4	5	5	CD
cord-034205-53i2tw65	94	5	,	,	,
cord-034205-53i2tw65	94	6	translated	translate	VBN
cord-034205-53i2tw65	94	7	)	)	-RRB-
cord-034205-53i2tw65	94	8	.	.	.
cord-034205-53i2tw65	95	1	Hence	hence	RB
cord-034205-53i2tw65	95	2	,	,	,
cord-034205-53i2tw65	95	3	the	the	DT
cord-034205-53i2tw65	95	4	importance	importance	NN
cord-034205-53i2tw65	95	5	of	of	IN
cord-034205-53i2tw65	95	6	bank	bank	NN
cord-034205-53i2tw65	95	7	loans	loan	NNS
cord-034205-53i2tw65	95	8	for	for	IN
cord-034205-53i2tw65	95	9	football	football	NN
cord-034205-53i2tw65	95	10	clubs	club	NNS
cord-034205-53i2tw65	95	11	has	have	VBZ
cord-034205-53i2tw65	95	12	decreased	decrease	VBN
cord-034205-53i2tw65	95	13	in	in	IN
cord-034205-53i2tw65	95	14	past	past	JJ
cord-034205-53i2tw65	95	15	years	year	NNS
cord-034205-53i2tw65	95	16	due	due	IN
cord-034205-53i2tw65	95	17	to	to	IN
cord-034205-53i2tw65	95	18	the	the	DT
cord-034205-53i2tw65	95	19	clubs	club	NNS
cord-034205-53i2tw65	95	20	'	'	POS
cord-034205-53i2tw65	95	21	limited	limited	JJ
cord-034205-53i2tw65	95	22	credibility	credibility	NN
cord-034205-53i2tw65	95	23	.	.	.
cord-034205-53i2tw65	96	1	As	as	IN
cord-034205-53i2tw65	96	2	an	an	DT
cord-034205-53i2tw65	96	3	alternative	alternative	NN
cord-034205-53i2tw65	96	4	,	,	,
cord-034205-53i2tw65	96	5	clubs	club	NNS
cord-034205-53i2tw65	96	6	,	,	,
cord-034205-53i2tw65	96	7	particularly	particularly	RB
cord-034205-53i2tw65	96	8	in	in	IN
cord-034205-53i2tw65	96	9	Germany	Germany	NNP
cord-034205-53i2tw65	96	10	,	,	,
cord-034205-53i2tw65	96	11	have	have	VBP
cord-034205-53i2tw65	96	12	tried	try	VBN
cord-034205-53i2tw65	96	13	to	to	TO
cord-034205-53i2tw65	96	14	use	use	VB
cord-034205-53i2tw65	96	15	other	other	JJ
cord-034205-53i2tw65	96	16	forms	form	NNS
cord-034205-53i2tw65	96	17	of	of	IN
cord-034205-53i2tw65	96	18	external	external	JJ
cord-034205-53i2tw65	96	19	financing	financing	NN
cord-034205-53i2tw65	96	20	such	such	JJ
cord-034205-53i2tw65	96	21	as	as	IN
cord-034205-53i2tw65	96	22	fan	fan	NN
cord-034205-53i2tw65	96	23	bonds	bond	NNS
cord-034205-53i2tw65	96	24	(	(	-LRB-
cord-034205-53i2tw65	96	25	Weimar	Weimar	NNP
cord-034205-53i2tw65	96	26	and	and	CC
cord-034205-53i2tw65	96	27	Fox	Fox	NNP
cord-034205-53i2tw65	96	28	2012	2012	CD
cord-034205-53i2tw65	96	29	)	)	-RRB-
cord-034205-53i2tw65	96	30	.	.	.
cord-034205-53i2tw65	97	1	Previous	previous	JJ
cord-034205-53i2tw65	97	2	literature	literature	NN
cord-034205-53i2tw65	97	3	points	point	VBZ
cord-034205-53i2tw65	97	4	out	out	RP
cord-034205-53i2tw65	97	5	that	that	IN
cord-034205-53i2tw65	97	6	the	the	DT
cord-034205-53i2tw65	97	7	clubs	club	NNS
cord-034205-53i2tw65	97	8	'	'	POS
cord-034205-53i2tw65	97	9	team	team	NN
cord-034205-53i2tw65	97	10	investments	investment	NNS
cord-034205-53i2tw65	97	11	(	(	-LRB-
cord-034205-53i2tw65	97	12	e.g.	e.g.	RB
cord-034205-53i2tw65	97	13	,	,	,
cord-034205-53i2tw65	97	14	wages	wage	NNS
cord-034205-53i2tw65	97	15	,	,	,
cord-034205-53i2tw65	97	16	transfer	transfer	NN
cord-034205-53i2tw65	97	17	fees	fee	NNS
cord-034205-53i2tw65	97	18	)	)	-RRB-
cord-034205-53i2tw65	97	19	have	have	VBP
cord-034205-53i2tw65	97	20	a	a	DT
cord-034205-53i2tw65	97	21	positive	positive	JJ
cord-034205-53i2tw65	97	22	effect	effect	NN
cord-034205-53i2tw65	97	23	on	on	IN
cord-034205-53i2tw65	97	24	their	-PRON-	PRP$
cord-034205-53i2tw65	97	25	sporting	sport	VBG
cord-034205-53i2tw65	97	26	success	success	NN
cord-034205-53i2tw65	97	27	(	(	-LRB-
cord-034205-53i2tw65	97	28	e.g.	e.g.	RB
cord-034205-53i2tw65	97	29	,	,	,
cord-034205-53i2tw65	97	30	Forrest	Forrest	NNP
cord-034205-53i2tw65	97	31	and	and	CC
cord-034205-53i2tw65	97	32	Simmons	Simmons	NNP
cord-034205-53i2tw65	97	33	2002	2002	CD
cord-034205-53i2tw65	97	34	;	;	:
cord-034205-53i2tw65	97	35	Frick	Frick	NNP
cord-034205-53i2tw65	97	36	2005	2005	CD
cord-034205-53i2tw65	97	37	)	)	-RRB-
cord-034205-53i2tw65	97	38	.	.	.
cord-034205-53i2tw65	98	1	Thus	thus	RB
cord-034205-53i2tw65	98	2	,	,	,
cord-034205-53i2tw65	98	3	the	the	DT
cord-034205-53i2tw65	98	4	more	more	RBR
cord-034205-53i2tw65	98	5	(	(	-LRB-
cord-034205-53i2tw65	98	6	internal	internal	JJ
cord-034205-53i2tw65	98	7	and	and	CC
cord-034205-53i2tw65	98	8	external	external	JJ
cord-034205-53i2tw65	98	9	)	)	-RRB-
cord-034205-53i2tw65	98	10	capital	capital	NN
cord-034205-53i2tw65	98	11	football	football	NN
cord-034205-53i2tw65	98	12	clubs	club	NNS
cord-034205-53i2tw65	98	13	can	can	MD
cord-034205-53i2tw65	98	14	generate	generate	VB
cord-034205-53i2tw65	98	15	,	,	,
cord-034205-53i2tw65	98	16	the	the	DT
cord-034205-53i2tw65	98	17	higher	high	JJR
cord-034205-53i2tw65	98	18	their	-PRON-	PRP$
cord-034205-53i2tw65	98	19	spending	spending	NN
cord-034205-53i2tw65	98	20	power	power	NN
cord-034205-53i2tw65	98	21	on	on	IN
cord-034205-53i2tw65	98	22	the	the	DT
cord-034205-53i2tw65	98	23	labor	labor	NN
cord-034205-53i2tw65	98	24	market	market	NN
cord-034205-53i2tw65	98	25	,	,	,
cord-034205-53i2tw65	98	26	which	which	WDT
cord-034205-53i2tw65	98	27	increases	increase	VBZ
cord-034205-53i2tw65	98	28	the	the	DT
cord-034205-53i2tw65	98	29	probability	probability	NN
cord-034205-53i2tw65	98	30	of	of	IN
cord-034205-53i2tw65	98	31	sporting	sport	VBG
cord-034205-53i2tw65	98	32	success	success	NN
cord-034205-53i2tw65	98	33	.	.	.
cord-034205-53i2tw65	99	1	Often	often	RB
cord-034205-53i2tw65	99	2	Akerlof	Akerlof	NNP
cord-034205-53i2tw65	99	3	's	's	POS
cord-034205-53i2tw65	99	4	(	(	-LRB-
cord-034205-53i2tw65	99	5	1976	1976	CD
cord-034205-53i2tw65	99	6	)	)	-RRB-
cord-034205-53i2tw65	99	7	metaphor	metaphor	NN
cord-034205-53i2tw65	99	8	of	of	IN
cord-034205-53i2tw65	99	9	a	a	DT
cord-034205-53i2tw65	99	10	"	"	``
cord-034205-53i2tw65	99	11	rat	rat	NN
cord-034205-53i2tw65	99	12	race	race	NN
cord-034205-53i2tw65	99	13	"	"	''
cord-034205-53i2tw65	99	14	is	be	VBZ
cord-034205-53i2tw65	99	15	used	use	VBN
cord-034205-53i2tw65	99	16	to	to	TO
cord-034205-53i2tw65	99	17	explain	explain	VB
cord-034205-53i2tw65	99	18	the	the	DT
cord-034205-53i2tw65	99	19	clubs	club	NNS
cord-034205-53i2tw65	99	20	'	'	POS
cord-034205-53i2tw65	99	21	investment	investment	NN
cord-034205-53i2tw65	99	22	behavior	behavior	NN
cord-034205-53i2tw65	99	23	where	where	WRB
cord-034205-53i2tw65	99	24	clubs	club	NNS
cord-034205-53i2tw65	99	25	overinvest	overinvest	VBP
cord-034205-53i2tw65	99	26	to	to	TO
cord-034205-53i2tw65	99	27	increase	increase	VB
cord-034205-53i2tw65	99	28	their	-PRON-	PRP$
cord-034205-53i2tw65	99	29	chances	chance	NNS
cord-034205-53i2tw65	99	30	of	of	IN
cord-034205-53i2tw65	99	31	sporting	sport	VBG
cord-034205-53i2tw65	99	32	success	success	NN
cord-034205-53i2tw65	99	33	(	(	-LRB-
cord-034205-53i2tw65	99	34	e.g.	e.g.	RB
cord-034205-53i2tw65	99	35	,	,	,
cord-034205-53i2tw65	99	36	Rohde	Rohde	NNP
cord-034205-53i2tw65	99	37	and	and	CC
cord-034205-53i2tw65	99	38	Breuer	Breuer	NNP
cord-034205-53i2tw65	99	39	2016	2016	CD
cord-034205-53i2tw65	99	40	)	)	-RRB-
cord-034205-53i2tw65	99	41	.	.	.
cord-034205-53i2tw65	100	1	Previous	previous	JJ
cord-034205-53i2tw65	100	2	literature	literature	NN
cord-034205-53i2tw65	100	3	supports	support	VBZ
cord-034205-53i2tw65	100	4	that	that	IN
cord-034205-53i2tw65	100	5	this	this	DT
cord-034205-53i2tw65	100	6	investment	investment	NN
cord-034205-53i2tw65	100	7	behavior	behavior	NN
cord-034205-53i2tw65	100	8	leads	lead	VBZ
cord-034205-53i2tw65	100	9	to	to	IN
cord-034205-53i2tw65	100	10	an	an	DT
cord-034205-53i2tw65	100	11	overinvestment	overinvestment	NN
cord-034205-53i2tw65	100	12	environment	environment	NN
cord-034205-53i2tw65	100	13	with	with	IN
cord-034205-53i2tw65	100	14	low	low	JJ
cord-034205-53i2tw65	100	15	profitability	profitability	NN
cord-034205-53i2tw65	100	16	and	and	CC
cord-034205-53i2tw65	100	17	the	the	DT
cord-034205-53i2tw65	100	18	clubs	club	NNS
cord-034205-53i2tw65	100	19	'	'	POS
cord-034205-53i2tw65	100	20	high	high	JJ
cord-034205-53i2tw65	100	21	debt	debt	NN
cord-034205-53i2tw65	100	22	levels	level	NNS
cord-034205-53i2tw65	100	23	(	(	-LRB-
cord-034205-53i2tw65	100	24	e.g.	e.g.	RB
cord-034205-53i2tw65	100	25	,	,	,
cord-034205-53i2tw65	100	26	Dietl	Dietl	NNP
cord-034205-53i2tw65	100	27	and	and	CC
cord-034205-53i2tw65	100	28	Franck	Franck	NNP
cord-034205-53i2tw65	100	29	2007	2007	CD
cord-034205-53i2tw65	100	30	;	;	:
cord-034205-53i2tw65	100	31	Franck	Franck	NNP
cord-034205-53i2tw65	100	32	2010a	2010a	NNS
cord-034205-53i2tw65	100	33	Franck	Franck	NNP
cord-034205-53i2tw65	100	34	,	,	,
cord-034205-53i2tw65	100	35	2014	2014	CD
cord-034205-53i2tw65	100	36	.	.	.
cord-034205-53i2tw65	101	1	It	-PRON-	PRP
cord-034205-53i2tw65	101	2	is	be	VBZ
cord-034205-53i2tw65	101	3	further	further	RB
cord-034205-53i2tw65	101	4	argued	argue	VBN
cord-034205-53i2tw65	101	5	that	that	IN
cord-034205-53i2tw65	101	6	football	football	NN
cord-034205-53i2tw65	101	7	clubs	club	NNS
cord-034205-53i2tw65	101	8	face	face	VBP
cord-034205-53i2tw65	101	9	a	a	DT
cord-034205-53i2tw65	101	10	soft	soft	JJ
cord-034205-53i2tw65	101	11	budget	budget	NN
cord-034205-53i2tw65	101	12	constraint	constraint	NN
cord-034205-53i2tw65	101	13	(	(	-LRB-
cord-034205-53i2tw65	101	14	following	follow	VBG
cord-034205-53i2tw65	101	15	Kornai	kornai	JJ
cord-034205-53i2tw65	101	16	1979	1979	CD
cord-034205-53i2tw65	101	17	Kornai	Kornai	NNPS
cord-034205-53i2tw65	101	18	,	,	,
cord-034205-53i2tw65	101	19	1980	1980	CD
cord-034205-53i2tw65	101	20	)	)	-RRB-
cord-034205-53i2tw65	101	21	that	that	WDT
cord-034205-53i2tw65	101	22	drives	drive	VBZ
cord-034205-53i2tw65	101	23	the	the	DT
cord-034205-53i2tw65	101	24	overinvestment	overinvestment	NN
cord-034205-53i2tw65	101	25	environment	environment	NN
cord-034205-53i2tw65	101	26	since	since	IN
cord-034205-53i2tw65	101	27	,	,	,
cord-034205-53i2tw65	101	28	from	from	IN
cord-034205-53i2tw65	101	29	a	a	DT
cord-034205-53i2tw65	101	30	social	social	JJ
cord-034205-53i2tw65	101	31	perspective	perspective	NN
cord-034205-53i2tw65	101	32	,	,	,
cord-034205-53i2tw65	101	33	clubs	club	NNS
cord-034205-53i2tw65	101	34	are	be	VBP
cord-034205-53i2tw65	101	35	too	too	RB
cord-034205-53i2tw65	101	36	big	big	JJ
cord-034205-53i2tw65	101	37	to	to	TO
cord-034205-53i2tw65	101	38	fail	fail	VB
cord-034205-53i2tw65	101	39	and	and	CC
cord-034205-53i2tw65	101	40	stakeholders	stakeholder	NNS
cord-034205-53i2tw65	101	41	will	will	MD
cord-034205-53i2tw65	101	42	bail	bail	VB
cord-034205-53i2tw65	101	43	out	out	RP
cord-034205-53i2tw65	101	44	those	those	DT
cord-034205-53i2tw65	101	45	clubs	club	NNS
cord-034205-53i2tw65	101	46	in	in	IN
cord-034205-53i2tw65	101	47	financial	financial	JJ
cord-034205-53i2tw65	101	48	distress	distress	NN
cord-034205-53i2tw65	101	49	(	(	-LRB-
cord-034205-53i2tw65	101	50	Andreff	Andreff	NNP
cord-034205-53i2tw65	101	51	2007	2007	CD
cord-034205-53i2tw65	101	52	;	;	:
cord-034205-53i2tw65	101	53	Storm	Storm	NNP
cord-034205-53i2tw65	101	54	and	and	CC
cord-034205-53i2tw65	101	55	Nielsen	Nielsen	NNP
cord-034205-53i2tw65	101	56	2012	2012	CD
cord-034205-53i2tw65	101	57	)	)	-RRB-
cord-034205-53i2tw65	101	58	.	.	.
cord-034205-53i2tw65	102	1	A	a	DT
cord-034205-53i2tw65	102	2	related	related	JJ
cord-034205-53i2tw65	102	3	topic	topic	NN
cord-034205-53i2tw65	102	4	discusses	discuss	VBZ
cord-034205-53i2tw65	102	5	the	the	DT
cord-034205-53i2tw65	102	6	circumstances	circumstance	NNS
cord-034205-53i2tw65	102	7	for	for	IN
cord-034205-53i2tw65	102	8	insolvencies	insolvency	NNS
cord-034205-53i2tw65	102	9	in	in	IN
cord-034205-53i2tw65	102	10	football	football	NN
cord-034205-53i2tw65	102	11	,	,	,
cord-034205-53i2tw65	102	12	the	the	DT
cord-034205-53i2tw65	102	13	key	key	JJ
cord-034205-53i2tw65	102	14	drivers	driver	NNS
cord-034205-53i2tw65	102	15	for	for	IN
cord-034205-53i2tw65	102	16	which	which	WDT
cord-034205-53i2tw65	102	17	are	be	VBP
cord-034205-53i2tw65	102	18	shocks	shock	NNS
cord-034205-53i2tw65	102	19	(	(	-LRB-
cord-034205-53i2tw65	102	20	e.g.	e.g.	RB
cord-034205-53i2tw65	102	21	,	,	,
cord-034205-53i2tw65	102	22	player	player	NN
cord-034205-53i2tw65	102	23	injuries	injury	NNS
cord-034205-53i2tw65	102	24	,	,	,
cord-034205-53i2tw65	102	25	relegation	relegation	NN
cord-034205-53i2tw65	102	26	)	)	-RRB-
cord-034205-53i2tw65	102	27	that	that	WDT
cord-034205-53i2tw65	102	28	affect	affect	VBP
cord-034205-53i2tw65	102	29	the	the	DT
cord-034205-53i2tw65	102	30	clubs	club	NNS
cord-034205-53i2tw65	102	31	'	'	POS
cord-034205-53i2tw65	102	32	financial	financial	JJ
cord-034205-53i2tw65	102	33	stability	stability	NN
cord-034205-53i2tw65	102	34	Szymanski	Szymanski	NNP
cord-034205-53i2tw65	102	35	2017	2017	CD
cord-034205-53i2tw65	102	36	;	;	:
cord-034205-53i2tw65	102	37	Szymanski	Szymanski	NNP
cord-034205-53i2tw65	102	38	and	and	CC
cord-034205-53i2tw65	102	39	Weimar	Weimar	NNP
cord-034205-53i2tw65	102	40	2019	2019	CD
cord-034205-53i2tw65	102	41	)	)	-RRB-
cord-034205-53i2tw65	102	42	.	.	.
cord-034205-53i2tw65	103	1	Beech	Beech	NNP
cord-034205-53i2tw65	103	2	et	et	FW
cord-034205-53i2tw65	103	3	al	al	NNP
cord-034205-53i2tw65	103	4	.	.	.
cord-034205-53i2tw65	104	1	(	(	-LRB-
cord-034205-53i2tw65	104	2	2010	2010	CD
cord-034205-53i2tw65	104	3	)	)	-RRB-
cord-034205-53i2tw65	104	4	name	name	NN
cord-034205-53i2tw65	104	5	(	(	-LRB-
cord-034205-53i2tw65	104	6	1	1	CD
cord-034205-53i2tw65	104	7	)	)	-RRB-
cord-034205-53i2tw65	104	8	relegation	relegation	NN
cord-034205-53i2tw65	104	9	,	,	,
cord-034205-53i2tw65	104	10	(	(	-LRB-
cord-034205-53i2tw65	104	11	2	2	LS
cord-034205-53i2tw65	104	12	)	)	-RRB-
cord-034205-53i2tw65	104	13	outstanding	outstanding	JJ
cord-034205-53i2tw65	104	14	tax	tax	NN
cord-034205-53i2tw65	104	15	payments	payment	NNS
cord-034205-53i2tw65	104	16	,	,	,
cord-034205-53i2tw65	104	17	(	(	-LRB-
cord-034205-53i2tw65	104	18	3	3	LS
cord-034205-53i2tw65	104	19	)	)	-RRB-
cord-034205-53i2tw65	104	20	soft	soft	JJ
cord-034205-53i2tw65	104	21	debt	debt	NN
cord-034205-53i2tw65	104	22	turning	turn	VBG
cord-034205-53i2tw65	104	23	into	into	IN
cord-034205-53i2tw65	104	24	hard	hard	JJ
cord-034205-53i2tw65	104	25	debt	debt	NN
cord-034205-53i2tw65	104	26	,	,	,
cord-034205-53i2tw65	104	27	(	(	-LRB-
cord-034205-53i2tw65	104	28	4	4	LS
cord-034205-53i2tw65	104	29	)	)	-RRB-
cord-034205-53i2tw65	104	30	loss	loss	NN
cord-034205-53i2tw65	104	31	of	of	IN
cord-034205-53i2tw65	104	32	stadium	stadium	NN
cord-034205-53i2tw65	104	33	ownership	ownership	NN
cord-034205-53i2tw65	104	34	and	and	CC
cord-034205-53i2tw65	104	35	(	(	-LRB-
cord-034205-53i2tw65	104	36	5	5	LS
cord-034205-53i2tw65	104	37	)	)	-RRB-
cord-034205-53i2tw65	104	38	repeat	repeat	NN
cord-034205-53i2tw65	104	39	offenders	offender	NNS
cord-034205-53i2tw65	104	40	as	as	IN
cord-034205-53i2tw65	104	41	the	the	DT
cord-034205-53i2tw65	104	42	main	main	JJ
cord-034205-53i2tw65	104	43	reasons	reason	NNS
cord-034205-53i2tw65	104	44	for	for	IN
cord-034205-53i2tw65	104	45	insolvency	insolvency	NN
cord-034205-53i2tw65	104	46	.	.	.
cord-034205-53i2tw65	105	1	In	in	IN
cord-034205-53i2tw65	105	2	light	light	NN
cord-034205-53i2tw65	105	3	of	of	IN
cord-034205-53i2tw65	105	4	the	the	DT
cord-034205-53i2tw65	105	5	low	low	JJ
cord-034205-53i2tw65	105	6	profitability	profitability	NN
cord-034205-53i2tw65	105	7	in	in	IN
cord-034205-53i2tw65	105	8	European	european	JJ
cord-034205-53i2tw65	105	9	football	football	NN
cord-034205-53i2tw65	105	10	,	,	,
cord-034205-53i2tw65	105	11	another	another	DT
cord-034205-53i2tw65	105	12	recurring	recur	VBG
cord-034205-53i2tw65	105	13	topic	topic	NN
cord-034205-53i2tw65	105	14	concerns	concern	VBZ
cord-034205-53i2tw65	105	15	the	the	DT
cord-034205-53i2tw65	105	16	objective	objective	JJ
cord-034205-53i2tw65	105	17	function	function	NN
cord-034205-53i2tw65	105	18	of	of	IN
cord-034205-53i2tw65	105	19	football	football	NN
cord-034205-53i2tw65	105	20	clubs	club	NNS
cord-034205-53i2tw65	105	21	that	that	WDT
cord-034205-53i2tw65	105	22	discusses	discuss	VBZ
cord-034205-53i2tw65	105	23	if	if	IN
cord-034205-53i2tw65	105	24	football	football	NN
cord-034205-53i2tw65	105	25	clubs	club	NNS
cord-034205-53i2tw65	105	26	act	act	NNP
cord-034205-53i2tw65	105	27	as	as	IN
cord-034205-53i2tw65	105	28	win	win	NN
cord-034205-53i2tw65	105	29	-	-	HYPH
cord-034205-53i2tw65	105	30	or	or	CC
cord-034205-53i2tw65	105	31	profit	profit	NN
cord-034205-53i2tw65	105	32	-	-	HYPH
cord-034205-53i2tw65	105	33	maximizer	maximizer	NN
cord-034205-53i2tw65	105	34	.	.	.
cord-034205-53i2tw65	106	1	Sloane	Sloane	NNP
cord-034205-53i2tw65	106	2	(	(	-LRB-
cord-034205-53i2tw65	106	3	1971	1971	CD
cord-034205-53i2tw65	106	4	)	)	-RRB-
cord-034205-53i2tw65	106	5	was	be	VBD
cord-034205-53i2tw65	106	6	first	first	JJ
cord-034205-53i2tw65	106	7	to	to	TO
cord-034205-53i2tw65	106	8	note	note	VB
cord-034205-53i2tw65	106	9	that	that	DT
cord-034205-53i2tw65	106	10	European	european	JJ
cord-034205-53i2tw65	106	11	football	football	NN
cord-034205-53i2tw65	106	12	clubs	club	NNS
cord-034205-53i2tw65	106	13	try	try	VBP
cord-034205-53i2tw65	106	14	to	to	TO
cord-034205-53i2tw65	106	15	maximize	maximize	VB
cord-034205-53i2tw65	106	16	wins	win	NNS
cord-034205-53i2tw65	106	17	under	under	IN
cord-034205-53i2tw65	106	18	a	a	DT
cord-034205-53i2tw65	106	19	financial	financial	JJ
cord-034205-53i2tw65	106	20	break	break	NN
cord-034205-53i2tw65	106	21	-	-	HYPH
cord-034205-53i2tw65	106	22	even	even	RB
cord-034205-53i2tw65	106	23	constraint	constraint	NN
cord-034205-53i2tw65	106	24	,	,	,
cord-034205-53i2tw65	106	25	which	which	WDT
cord-034205-53i2tw65	106	26	aligns	align	VBZ
cord-034205-53i2tw65	106	27	with	with	IN
cord-034205-53i2tw65	106	28	today	today	NN
cord-034205-53i2tw65	106	29	's	's	POS
cord-034205-53i2tw65	106	30	principal	principal	JJ
cord-034205-53i2tw65	106	31	view	view	NN
cord-034205-53i2tw65	106	32	(	(	-LRB-
cord-034205-53i2tw65	106	33	e.g.	e.g.	RB
cord-034205-53i2tw65	106	34	,	,	,
cord-034205-53i2tw65	106	35	Garcia	Garcia	NNP
cord-034205-53i2tw65	106	36	-	-	:
cord-034205-53i2tw65	106	37	del-	del-	NNP
cord-034205-53i2tw65	106	38	Barrio	Barrio	NNP
cord-034205-53i2tw65	106	39	and	and	CC
cord-034205-53i2tw65	106	40	Szymanski	Szymanski	NNP
cord-034205-53i2tw65	106	41	2009	2009	CD
cord-034205-53i2tw65	106	42	;	;	:
cord-034205-53i2tw65	107	1	Kesenne	Kesenne	NNP
cord-034205-53i2tw65	107	2	2002	2002	CD
cord-034205-53i2tw65	107	3	;	;	:
cord-034205-53i2tw65	107	4	Sloane	Sloane	NNP
cord-034205-53i2tw65	107	5	2015	2015	CD
cord-034205-53i2tw65	107	6	)	)	-RRB-
cord-034205-53i2tw65	107	7	.	.	.
cord-034205-53i2tw65	108	1	Besides	besides	IN
cord-034205-53i2tw65	108	2	the	the	DT
cord-034205-53i2tw65	108	3	scientific	scientific	JJ
cord-034205-53i2tw65	108	4	contributions	contribution	NNS
cord-034205-53i2tw65	108	5	mentioned	mention	VBN
cord-034205-53i2tw65	108	6	above	above	RB
cord-034205-53i2tw65	108	7	,	,	,
cord-034205-53i2tw65	108	8	football	football	NN
cord-034205-53i2tw65	108	9	-	-	HYPH
cord-034205-53i2tw65	108	10	governing	govern	VBG
cord-034205-53i2tw65	108	11	bodies	body	NNS
cord-034205-53i2tw65	108	12	(	(	-LRB-
cord-034205-53i2tw65	108	13	UEFA	UEFA	NNP
cord-034205-53i2tw65	108	14	)	)	-RRB-
cord-034205-53i2tw65	108	15	and	and	CC
cord-034205-53i2tw65	108	16	corporations	corporation	NNS
cord-034205-53i2tw65	108	17	(	(	-LRB-
cord-034205-53i2tw65	108	18	e.g.	e.g.	RB
cord-034205-53i2tw65	108	19	,	,	,
cord-034205-53i2tw65	108	20	Deloitte	Deloitte	NNP
cord-034205-53i2tw65	108	21	)	)	-RRB-
cord-034205-53i2tw65	108	22	regularly	regularly	RB
cord-034205-53i2tw65	108	23	publish	publish	VBP
cord-034205-53i2tw65	108	24	studies	study	NNS
cord-034205-53i2tw65	108	25	that	that	WDT
cord-034205-53i2tw65	108	26	provide	provide	VBP
cord-034205-53i2tw65	108	27	overviews	overview	NNS
cord-034205-53i2tw65	108	28	of	of	IN
cord-034205-53i2tw65	108	29	the	the	DT
cord-034205-53i2tw65	108	30	financial	financial	JJ
cord-034205-53i2tw65	108	31	state	state	NN
cord-034205-53i2tw65	108	32	of	of	IN
cord-034205-53i2tw65	108	33	(	(	-LRB-
cord-034205-53i2tw65	108	34	European	european	JJ
cord-034205-53i2tw65	108	35	)	)	-RRB-
cord-034205-53i2tw65	108	36	football	football	NN
cord-034205-53i2tw65	108	37	.	.	.
cord-034205-53i2tw65	109	1	These	these	DT
cord-034205-53i2tw65	109	2	are	be	VBP
cord-034205-53i2tw65	109	3	frequently	frequently	RB
cord-034205-53i2tw65	109	4	cited	cite	VBN
cord-034205-53i2tw65	109	5	in	in	IN
cord-034205-53i2tw65	109	6	the	the	DT
cord-034205-53i2tw65	109	7	existing	exist	VBG
cord-034205-53i2tw65	109	8	academic	academic	JJ
cord-034205-53i2tw65	109	9	literature	literature	NN
cord-034205-53i2tw65	109	10	(	(	-LRB-
cord-034205-53i2tw65	109	11	e.g.	e.g.	RB
cord-034205-53i2tw65	109	12	,	,	,
cord-034205-53i2tw65	109	13	Storm	Storm	NNP
cord-034205-53i2tw65	109	14	and	and	CC
cord-034205-53i2tw65	109	15	Nielsen	Nielsen	NNP
cord-034205-53i2tw65	109	16	2012	2012	CD
cord-034205-53i2tw65	109	17	;	;	:
cord-034205-53i2tw65	109	18	Szymanski	Szymanski	NNP
cord-034205-53i2tw65	109	19	2017	2017	CD
cord-034205-53i2tw65	109	20	)	)	-RRB-
cord-034205-53i2tw65	109	21	and	and	CC
cord-034205-53i2tw65	109	22	thus	thus	RB
cord-034205-53i2tw65	109	23	underscore	underscore	VB
cord-034205-53i2tw65	109	24	their	-PRON-	PRP$
cord-034205-53i2tw65	109	25	relevance	relevance	NN
cord-034205-53i2tw65	109	26	and	and	CC
cord-034205-53i2tw65	109	27	reliability	reliability	NN
cord-034205-53i2tw65	109	28	for	for	IN
cord-034205-53i2tw65	109	29	academic	academic	JJ
cord-034205-53i2tw65	109	30	and	and	CC
cord-034205-53i2tw65	109	31	public	public	JJ
cord-034205-53i2tw65	109	32	discussion	discussion	NN
cord-034205-53i2tw65	109	33	.	.	.
cord-034205-53i2tw65	110	1	In	in	IN
cord-034205-53i2tw65	110	2	economic	economic	JJ
cord-034205-53i2tw65	110	3	terms	term	NNS
cord-034205-53i2tw65	110	4	,	,	,
cord-034205-53i2tw65	110	5	a	a	DT
cord-034205-53i2tw65	110	6	speculative	speculative	JJ
cord-034205-53i2tw65	110	7	bubble	bubble	NN
cord-034205-53i2tw65	110	8	exists	exist	VBZ
cord-034205-53i2tw65	110	9	if	if	IN
cord-034205-53i2tw65	110	10	"	"	``
cord-034205-53i2tw65	110	11	assets	asset	NNS
cord-034205-53i2tw65	110	12	trade	trade	NN
cord-034205-53i2tw65	110	13	at	at	IN
cord-034205-53i2tw65	110	14	prices	price	NNS
cord-034205-53i2tw65	110	15	that	that	WDT
cord-034205-53i2tw65	110	16	are	be	VBP
cord-034205-53i2tw65	110	17	far	far	RB
cord-034205-53i2tw65	110	18	in	in	IN
cord-034205-53i2tw65	110	19	excess	excess	NN
cord-034205-53i2tw65	110	20	of	of	IN
cord-034205-53i2tw65	110	21	an	an	DT
cord-034205-53i2tw65	110	22	estimate	estimate	NN
cord-034205-53i2tw65	110	23	of	of	IN
cord-034205-53i2tw65	110	24	the	the	DT
cord-034205-53i2tw65	110	25	fundamental	fundamental	JJ
cord-034205-53i2tw65	110	26	value	value	NN
cord-034205-53i2tw65	110	27	of	of	IN
cord-034205-53i2tw65	110	28	an	an	DT
cord-034205-53i2tw65	110	29	asset	asset	NN
cord-034205-53i2tw65	110	30	,	,	,
cord-034205-53i2tw65	110	31	as	as	IN
cord-034205-53i2tw65	110	32	determined	determine	VBN
cord-034205-53i2tw65	110	33	from	from	IN
cord-034205-53i2tw65	110	34	discounted	discount	VBN
cord-034205-53i2tw65	110	35	expected	expected	JJ
cord-034205-53i2tw65	110	36	cash	cash	NN
cord-034205-53i2tw65	110	37	flows	flow	NNS
cord-034205-53i2tw65	110	38	[	[	-LRB-
cord-034205-53i2tw65	110	39	…	…	NFP
cord-034205-53i2tw65	110	40	]	]	-RRB-
cord-034205-53i2tw65	110	41	"	"	''
cord-034205-53i2tw65	111	1	(	(	-LRB-
cord-034205-53i2tw65	111	2	Vogel	Vogel	NNP
cord-034205-53i2tw65	111	3	2010	2010	CD
cord-034205-53i2tw65	111	4	,	,	,
cord-034205-53i2tw65	111	5	p.	p.	NN
cord-034205-53i2tw65	111	6	16	16	CD
cord-034205-53i2tw65	111	7	)	)	-RRB-
cord-034205-53i2tw65	111	8	.	.	.
cord-034205-53i2tw65	112	1	4	4	LS
cord-034205-53i2tw65	113	1	Thus	thus	RB
cord-034205-53i2tw65	113	2	,	,	,
cord-034205-53i2tw65	113	3	the	the	DT
cord-034205-53i2tw65	113	4	key	key	JJ
cord-034205-53i2tw65	113	5	element	element	NN
cord-034205-53i2tw65	113	6	of	of	IN
cord-034205-53i2tw65	113	7	a	a	DT
cord-034205-53i2tw65	113	8	bubble	bubble	NN
cord-034205-53i2tw65	113	9	is	be	VBZ
cord-034205-53i2tw65	113	10	the	the	DT
cord-034205-53i2tw65	113	11	unsustainability	unsustainability	NN
cord-034205-53i2tw65	113	12	of	of	IN
cord-034205-53i2tw65	113	13	a	a	DT
cord-034205-53i2tw65	113	14	given	give	VBN
cord-034205-53i2tw65	113	15	price	price	NN
cord-034205-53i2tw65	113	16	structure	structure	NN
cord-034205-53i2tw65	113	17	that	that	WDT
cord-034205-53i2tw65	113	18	will	will	MD
cord-034205-53i2tw65	113	19	eventually	eventually	RB
cord-034205-53i2tw65	113	20	result	result	VB
cord-034205-53i2tw65	113	21	in	in	IN
cord-034205-53i2tw65	113	22	an	an	DT
cord-034205-53i2tw65	113	23	implosion	implosion	NN
cord-034205-53i2tw65	113	24	of	of	IN
cord-034205-53i2tw65	113	25	the	the	DT
cord-034205-53i2tw65	113	26	existing	exist	VBG
cord-034205-53i2tw65	113	27	system	system	NN
cord-034205-53i2tw65	113	28	(	(	-LRB-
cord-034205-53i2tw65	113	29	Kindleberger	Kindleberger	NNP
cord-034205-53i2tw65	113	30	and	and	CC
cord-034205-53i2tw65	113	31	Aliber	Aliber	NNP
cord-034205-53i2tw65	113	32	2005	2005	CD
cord-034205-53i2tw65	113	33	,	,	,
cord-034205-53i2tw65	113	34	p.	p.	NN
cord-034205-53i2tw65	113	35	1	1	CD
cord-034205-53i2tw65	113	36	)	)	-RRB-
cord-034205-53i2tw65	113	37	.	.	.
cord-034205-53i2tw65	114	1	Minsky	Minsky	NNP
cord-034205-53i2tw65	114	2	(	(	-LRB-
cord-034205-53i2tw65	114	3	1982	1982	CD
cord-034205-53i2tw65	114	4	,	,	,
cord-034205-53i2tw65	114	5	p.	p.	NN
cord-034205-53i2tw65	114	6	13	13	CD
cord-034205-53i2tw65	114	7	)	)	-RRB-
cord-034205-53i2tw65	114	8	describes	describe	VBZ
cord-034205-53i2tw65	114	9	the	the	DT
cord-034205-53i2tw65	114	10	characteristics	characteristic	NNS
cord-034205-53i2tw65	114	11	of	of	IN
cord-034205-53i2tw65	114	12	bubbles	bubble	NNS
cord-034205-53i2tw65	114	13	and	and	CC
cord-034205-53i2tw65	114	14	financial	financial	JJ
cord-034205-53i2tw65	114	15	instability	instability	NN
cord-034205-53i2tw65	114	16	,	,	,
cord-034205-53i2tw65	114	17	5	5	CD
cord-034205-53i2tw65	114	18	stating	state	VBG
cord-034205-53i2tw65	114	19	that	that	IN
cord-034205-53i2tw65	114	20	"	"	``
cord-034205-53i2tw65	114	21	the	the	DT
cord-034205-53i2tw65	114	22	critical	critical	JJ
cord-034205-53i2tw65	114	23	element	element	NN
cord-034205-53i2tw65	114	24	in	in	IN
cord-034205-53i2tw65	114	25	explaining	explain	VBG
cord-034205-53i2tw65	114	26	why	why	WRB
cord-034205-53i2tw65	114	27	financial	financial	JJ
cord-034205-53i2tw65	114	28	instability	instability	NN
cord-034205-53i2tw65	114	29	occurs	occur	VBZ
cord-034205-53i2tw65	114	30	is	be	VBZ
cord-034205-53i2tw65	114	31	the	the	DT
cord-034205-53i2tw65	114	32	development	development	NN
cord-034205-53i2tw65	114	33	over	over	IN
cord-034205-53i2tw65	114	34	historical	historical	JJ
cord-034205-53i2tw65	114	35	time	time	NN
cord-034205-53i2tw65	114	36	of	of	IN
cord-034205-53i2tw65	114	37	liability	liability	NN
cord-034205-53i2tw65	114	38	structures	structure	NNS
cord-034205-53i2tw65	114	39	that	that	WDT
cord-034205-53i2tw65	114	40	can	can	MD
cord-034205-53i2tw65	114	41	not	not	RB
cord-034205-53i2tw65	114	42	be	be	VB
cord-034205-53i2tw65	114	43	validated	validate	VBN
cord-034205-53i2tw65	114	44	by	by	IN
cord-034205-53i2tw65	114	45	market	market	NN
cord-034205-53i2tw65	114	46	-	-	HYPH
cord-034205-53i2tw65	114	47	determined	determine	VBN
cord-034205-53i2tw65	114	48	cash	cash	NN
cord-034205-53i2tw65	114	49	flows	flow	NNS
cord-034205-53i2tw65	114	50	or	or	CC
cord-034205-53i2tw65	114	51	asset	asset	NN
cord-034205-53i2tw65	114	52	values	value	NNS
cord-034205-53i2tw65	114	53	.	.	.
cord-034205-53i2tw65	115	1	Thus	thus	RB
cord-034205-53i2tw65	115	2	,	,	,
cord-034205-53i2tw65	115	3	in	in	IN
cord-034205-53i2tw65	115	4	a	a	DT
cord-034205-53i2tw65	115	5	free	free	JJ
cord-034205-53i2tw65	115	6	market	market	NN
cord-034205-53i2tw65	115	7	,	,	,
cord-034205-53i2tw65	115	8	wide	wide	JJ
cord-034205-53i2tw65	115	9	and	and	CC
cord-034205-53i2tw65	115	10	spreading	spread	VBG
cord-034205-53i2tw65	115	11	bankruptcies	bankruptcy	NNS
cord-034205-53i2tw65	115	12	can	can	MD
cord-034205-53i2tw65	115	13	occur	occur	VB
cord-034205-53i2tw65	115	14	[	[	-LRB-
cord-034205-53i2tw65	115	15	…	…	NFP
cord-034205-53i2tw65	115	16	]	]	-RRB-
cord-034205-53i2tw65	115	17	"	"	''
cord-034205-53i2tw65	115	18	.	.	.
cord-034205-53i2tw65	116	1	In	in	IN
cord-034205-53i2tw65	116	2	particular	particular	JJ
cord-034205-53i2tw65	116	3	,	,	,
cord-034205-53i2tw65	116	4	taking	take	VBG
cord-034205-53i2tw65	116	5	into	into	IN
cord-034205-53i2tw65	116	6	account	account	NN
cord-034205-53i2tw65	116	7	that	that	IN
cord-034205-53i2tw65	116	8	the	the	DT
cord-034205-53i2tw65	116	9	view	view	NN
cord-034205-53i2tw65	116	10	of	of	IN
cord-034205-53i2tw65	116	11	fully	fully	RB
cord-034205-53i2tw65	116	12	informed	inform	VBN
cord-034205-53i2tw65	116	13	market	market	NN
cord-034205-53i2tw65	116	14	participants	participant	NNS
cord-034205-53i2tw65	116	15	is	be	VBZ
cord-034205-53i2tw65	116	16	a	a	DT
cord-034205-53i2tw65	116	17	fiction	fiction	NN
cord-034205-53i2tw65	116	18	and	and	CC
cord-034205-53i2tw65	116	19	that	that	IN
cord-034205-53i2tw65	116	20	significant	significant	JJ
cord-034205-53i2tw65	116	21	asymmetries	asymmetry	NNS
cord-034205-53i2tw65	116	22	exist	exist	VBP
cord-034205-53i2tw65	116	23	among	among	IN
cord-034205-53i2tw65	116	24	market	market	NN
cord-034205-53i2tw65	116	25	participants	participant	NNS
cord-034205-53i2tw65	116	26	,	,	,
cord-034205-53i2tw65	116	27	liabilities	liability	NNS
cord-034205-53i2tw65	116	28	must	must	MD
cord-034205-53i2tw65	116	29	be	be	VB
cord-034205-53i2tw65	116	30	backed	back	VBN
cord-034205-53i2tw65	116	31	up	up	RP
cord-034205-53i2tw65	116	32	with	with	IN
cord-034205-53i2tw65	116	33	constant	constant	JJ
cord-034205-53i2tw65	116	34	and	and	CC
cord-034205-53i2tw65	116	35	proportionate	proportionate	JJ
cord-034205-53i2tw65	116	36	revenue	revenue	NN
cord-034205-53i2tw65	116	37	streams	stream	NNS
cord-034205-53i2tw65	116	38	if	if	IN
cord-034205-53i2tw65	116	39	financial	financial	JJ
cord-034205-53i2tw65	116	40	instability	instability	NN
cord-034205-53i2tw65	116	41	are	be	VBP
cord-034205-53i2tw65	116	42	to	to	TO
cord-034205-53i2tw65	116	43	be	be	VB
cord-034205-53i2tw65	116	44	precluded	preclude	VBN
cord-034205-53i2tw65	116	45	based	base	VBN
cord-034205-53i2tw65	116	46	on	on	IN
cord-034205-53i2tw65	116	47	Minsky	Minsky	NNP
cord-034205-53i2tw65	116	48	's	's	POS
cord-034205-53i2tw65	116	49	argumentation	argumentation	NN
cord-034205-53i2tw65	116	50	.	.	.
cord-034205-53i2tw65	117	1	One	one	CD
cord-034205-53i2tw65	117	2	framework	framework	NN
cord-034205-53i2tw65	117	3	that	that	WDT
cord-034205-53i2tw65	117	4	explains	explain	VBZ
cord-034205-53i2tw65	117	5	the	the	DT
cord-034205-53i2tw65	117	6	pattern	pattern	NN
cord-034205-53i2tw65	117	7	of	of	IN
cord-034205-53i2tw65	117	8	speculative	speculative	JJ
cord-034205-53i2tw65	117	9	bubbles	bubble	NNS
cord-034205-53i2tw65	117	10	is	be	VBZ
cord-034205-53i2tw65	117	11	the	the	DT
cord-034205-53i2tw65	117	12	Kindleberger	Kindleberger	NNP
cord-034205-53i2tw65	117	13	-	-	HYPH
cord-034205-53i2tw65	117	14	Minsky	Minsky	NNP
cord-034205-53i2tw65	117	15	model	model	NN
cord-034205-53i2tw65	117	16	.	.	.
cord-034205-53i2tw65	118	1	Besides	besides	IN
cord-034205-53i2tw65	118	2	its	-PRON-	PRP$
cord-034205-53i2tw65	118	3	application	application	NN
cord-034205-53i2tw65	118	4	to	to	IN
cord-034205-53i2tw65	118	5	several	several	JJ
cord-034205-53i2tw65	118	6	historical	historical	JJ
cord-034205-53i2tw65	118	7	bubbles	bubble	NNS
cord-034205-53i2tw65	118	8	(	(	-LRB-
cord-034205-53i2tw65	118	9	e.g.	e.g.	RB
cord-034205-53i2tw65	118	10	,	,	,
cord-034205-53i2tw65	118	11	Saqib	Saqib	NNP
cord-034205-53i2tw65	118	12	2001	2001	CD
cord-034205-53i2tw65	118	13	)	)	-RRB-
cord-034205-53i2tw65	118	14	,	,	,
cord-034205-53i2tw65	118	15	the	the	DT
cord-034205-53i2tw65	118	16	work	work	NN
cord-034205-53i2tw65	118	17	of	of	IN
cord-034205-53i2tw65	118	18	Charles	Charles	NNP
cord-034205-53i2tw65	118	19	Kindleberger	Kindleberger	NNP
cord-034205-53i2tw65	118	20	-	-	,
cord-034205-53i2tw65	118	21	who	who	WP
cord-034205-53i2tw65	118	22	built	build	VBD
cord-034205-53i2tw65	118	23	on	on	IN
cord-034205-53i2tw65	118	24	a	a	DT
cord-034205-53i2tw65	118	25	model	model	NN
cord-034205-53i2tw65	118	26	by	by	IN
cord-034205-53i2tw65	118	27	Hyman	Hyman	NNP
cord-034205-53i2tw65	118	28	Minsky	Minsky	NNP
cord-034205-53i2tw65	118	29	-	-	HYPH
cord-034205-53i2tw65	118	30	drew	draw	VBD
cord-034205-53i2tw65	118	31	renewed	renew	VBN
cord-034205-53i2tw65	118	32	attention	attention	NN
cord-034205-53i2tw65	118	33	following	follow	VBG
cord-034205-53i2tw65	118	34	the	the	DT
cord-034205-53i2tw65	118	35	New	New	NNP
cord-034205-53i2tw65	118	36	Economy	Economy	NNP
cord-034205-53i2tw65	118	37	and	and	CC
cord-034205-53i2tw65	118	38	housing	housing	NN
cord-034205-53i2tw65	118	39	bubbles	bubble	NNS
cord-034205-53i2tw65	118	40	(	(	-LRB-
cord-034205-53i2tw65	118	41	e.g.	e.g.	RB
cord-034205-53i2tw65	118	42	,	,	,
cord-034205-53i2tw65	118	43	Gray	Gray	NNP
cord-034205-53i2tw65	118	44	2009	2009	CD
cord-034205-53i2tw65	118	45	;	;	:
cord-034205-53i2tw65	118	46	Rosser	Rosser	NNP
cord-034205-53i2tw65	118	47	,	,	,
cord-034205-53i2tw65	118	48	Rosser	Rosser	NNP
cord-034205-53i2tw65	118	49	and	and	CC
cord-034205-53i2tw65	118	50	Gallegati	Gallegati	NNP
cord-034205-53i2tw65	118	51	2012	2012	CD
cord-034205-53i2tw65	118	52	)	)	-RRB-
cord-034205-53i2tw65	118	53	.	.	.
cord-034205-53i2tw65	119	1	The	the	DT
cord-034205-53i2tw65	119	2	Kindleberger	Kindleberger	NNP
cord-034205-53i2tw65	119	3	-	-	HYPH
cord-034205-53i2tw65	119	4	Minsky	Minsky	NNP
cord-034205-53i2tw65	119	5	model	model	NN
cord-034205-53i2tw65	119	6	takes	take	VBZ
cord-034205-53i2tw65	119	7	a	a	DT
cord-034205-53i2tw65	119	8	conceptual	conceptual	JJ
cord-034205-53i2tw65	119	9	approach	approach	NN
cord-034205-53i2tw65	119	10	by	by	IN
cord-034205-53i2tw65	119	11	separating	separate	VBG
cord-034205-53i2tw65	119	12	the	the	DT
cord-034205-53i2tw65	119	13	rise	rise	NN
cord-034205-53i2tw65	119	14	and	and	CC
cord-034205-53i2tw65	119	15	burst	burst	NN
cord-034205-53i2tw65	119	16	of	of	IN
cord-034205-53i2tw65	119	17	a	a	DT
cord-034205-53i2tw65	119	18	speculative	speculative	JJ
cord-034205-53i2tw65	119	19	bubble	bubble	NN
cord-034205-53i2tw65	119	20	into	into	IN
cord-034205-53i2tw65	119	21	five	five	CD
cord-034205-53i2tw65	119	22	phases	phase	NNS
cord-034205-53i2tw65	119	23	,	,	,
cord-034205-53i2tw65	119	24	which	which	WDT
cord-034205-53i2tw65	119	25	characterize	characterize	VBP
cord-034205-53i2tw65	119	26	the	the	DT
cord-034205-53i2tw65	119	27	typical	typical	JJ
cord-034205-53i2tw65	119	28	pattern	pattern	NN
cord-034205-53i2tw65	119	29	of	of	IN
cord-034205-53i2tw65	119	30	such	such	JJ
cord-034205-53i2tw65	119	31	events	event	NNS
cord-034205-53i2tw65	119	32	:	:	:
cord-034205-53i2tw65	119	33	(	(	-LRB-
cord-034205-53i2tw65	119	34	1	1	LS
cord-034205-53i2tw65	119	35	)	)	-RRB-
cord-034205-53i2tw65	119	36	displacement	displacement	NN
cord-034205-53i2tw65	119	37	,	,	,
cord-034205-53i2tw65	119	38	(	(	-LRB-
cord-034205-53i2tw65	119	39	2	2	LS
cord-034205-53i2tw65	119	40	)	)	-RRB-
cord-034205-53i2tw65	119	41	boom	boom	NN
cord-034205-53i2tw65	119	42	,	,	,
cord-034205-53i2tw65	119	43	(	(	-LRB-
cord-034205-53i2tw65	119	44	3	3	LS
cord-034205-53i2tw65	119	45	)	)	-RRB-
cord-034205-53i2tw65	119	46	euphoria	euphoria	NN
cord-034205-53i2tw65	119	47	,	,	,
cord-034205-53i2tw65	119	48	(	(	-LRB-
cord-034205-53i2tw65	119	49	4	4	LS
cord-034205-53i2tw65	119	50	)	)	-RRB-
cord-034205-53i2tw65	119	51	financial	financial	JJ
cord-034205-53i2tw65	119	52	distress	distress	NN
cord-034205-53i2tw65	119	53	,	,	,
cord-034205-53i2tw65	119	54	and	and	CC
cord-034205-53i2tw65	119	55	(	(	-LRB-
cord-034205-53i2tw65	119	56	5	5	LS
cord-034205-53i2tw65	119	57	)	)	-RRB-
cord-034205-53i2tw65	119	58	revulsion	revulsion	NN
cord-034205-53i2tw65	119	59	(	(	-LRB-
cord-034205-53i2tw65	119	60	Fig	Fig	NNP
cord-034205-53i2tw65	119	61	.	.	.
cord-034205-53i2tw65	119	62	1	1	CD
cord-034205-53i2tw65	119	63	)	)	-RRB-
cord-034205-53i2tw65	119	64	.	.	.
cord-034205-53i2tw65	120	1	The	the	DT
cord-034205-53i2tw65	120	2	first	first	JJ
cord-034205-53i2tw65	120	3	phase	phase	NN
cord-034205-53i2tw65	120	4	(	(	-LRB-
cord-034205-53i2tw65	120	5	displacement	displacement	NN
cord-034205-53i2tw65	120	6	)	)	-RRB-
cord-034205-53i2tw65	120	7	involves	involve	VBZ
cord-034205-53i2tw65	120	8	some	some	DT
cord-034205-53i2tw65	120	9	regulatory	regulatory	JJ
cord-034205-53i2tw65	120	10	or	or	CC
cord-034205-53i2tw65	120	11	other	other	JJ
cord-034205-53i2tw65	120	12	externally	externally	RB
cord-034205-53i2tw65	120	13	driven	drive	VBN
cord-034205-53i2tw65	120	14	changes	change	NNS
cord-034205-53i2tw65	120	15	to	to	IN
cord-034205-53i2tw65	120	16	the	the	DT
cord-034205-53i2tw65	120	17	existing	exist	VBG
cord-034205-53i2tw65	120	18	system	system	NN
cord-034205-53i2tw65	120	19	that	that	WDT
cord-034205-53i2tw65	120	20	provide	provide	VBP
cord-034205-53i2tw65	120	21	investors	investor	NNS
cord-034205-53i2tw65	120	22	with	with	IN
cord-034205-53i2tw65	120	23	new	new	JJ
cord-034205-53i2tw65	120	24	business	business	NN
cord-034205-53i2tw65	120	25	opportunities	opportunity	NNS
cord-034205-53i2tw65	120	26	.	.	.
cord-034205-53i2tw65	121	1	These	these	DT
cord-034205-53i2tw65	121	2	opportunities	opportunity	NNS
cord-034205-53i2tw65	121	3	are	be	VBP
cord-034205-53i2tw65	121	4	often	often	RB
cord-034205-53i2tw65	121	5	promoted	promote	VBN
cord-034205-53i2tw65	121	6	by	by	IN
cord-034205-53i2tw65	121	7	the	the	DT
cord-034205-53i2tw65	121	8	mass	mass	NN
cord-034205-53i2tw65	121	9	media	medium	NNS
cord-034205-53i2tw65	121	10	and	and	CC
cord-034205-53i2tw65	121	11	trigger	trigger	VB
cord-034205-53i2tw65	121	12	the	the	DT
cord-034205-53i2tw65	121	13	demand	demand	NN
cord-034205-53i2tw65	121	14	for	for	IN
cord-034205-53i2tw65	121	15	these	these	DT
cord-034205-53i2tw65	121	16	business	business	NN
cord-034205-53i2tw65	121	17	opportunities	opportunity	NNS
cord-034205-53i2tw65	121	18	.	.	.
cord-034205-53i2tw65	122	1	With	with	IN
cord-034205-53i2tw65	122	2	the	the	DT
cord-034205-53i2tw65	122	3	boom	boom	NN
cord-034205-53i2tw65	122	4	comes	come	VBZ
cord-034205-53i2tw65	122	5	a	a	DT
cord-034205-53i2tw65	122	6	price	price	NN
cord-034205-53i2tw65	122	7	increase	increase	NN
cord-034205-53i2tw65	122	8	that	that	WDT
cord-034205-53i2tw65	122	9	starts	start	VBZ
cord-034205-53i2tw65	122	10	slowly	slowly	RB
cord-034205-53i2tw65	122	11	but	but	CC
cord-034205-53i2tw65	122	12	accelerates	accelerate	VBZ
cord-034205-53i2tw65	122	13	quickly	quickly	RB
cord-034205-53i2tw65	122	14	as	as	IN
cord-034205-53i2tw65	122	15	the	the	DT
cord-034205-53i2tw65	122	16	investment	investment	NN
cord-034205-53i2tw65	122	17	draws	draw	VBZ
cord-034205-53i2tw65	122	18	public	public	JJ
cord-034205-53i2tw65	122	19	attention	attention	NN
cord-034205-53i2tw65	122	20	;	;	:
cord-034205-53i2tw65	122	21	this	this	DT
cord-034205-53i2tw65	122	22	results	result	VBZ
cord-034205-53i2tw65	122	23	in	in	IN
cord-034205-53i2tw65	122	24	a	a	DT
cord-034205-53i2tw65	122	25	growing	grow	VBG
cord-034205-53i2tw65	122	26	number	number	NN
cord-034205-53i2tw65	122	27	of	of	IN
cord-034205-53i2tw65	122	28	market	market	NN
cord-034205-53i2tw65	122	29	participants	participant	NNS
cord-034205-53i2tw65	122	30	.	.	.
cord-034205-53i2tw65	123	1	The	the	DT
cord-034205-53i2tw65	123	2	price	price	NN
cord-034205-53i2tw65	123	3	increase	increase	NN
cord-034205-53i2tw65	123	4	is	be	VBZ
cord-034205-53i2tw65	123	5	driven	drive	VBN
cord-034205-53i2tw65	123	6	by	by	IN
cord-034205-53i2tw65	123	7	a	a	DT
cord-034205-53i2tw65	123	8	growing	growing	NN
cord-034205-53i2tw65	123	9	and	and	CC
cord-034205-53i2tw65	123	10	easier	easy	JJR
cord-034205-53i2tw65	123	11	supply	supply	NN
cord-034205-53i2tw65	123	12	of	of	IN
cord-034205-53i2tw65	123	13	(	(	-LRB-
cord-034205-53i2tw65	123	14	external	external	JJ
cord-034205-53i2tw65	123	15	)	)	-RRB-
cord-034205-53i2tw65	123	16	financial	financial	JJ
cord-034205-53i2tw65	123	17	resources	resource	NNS
cord-034205-53i2tw65	123	18	,	,	,
cord-034205-53i2tw65	123	19	which	which	WDT
cord-034205-53i2tw65	123	20	lead	lead	VBP
cord-034205-53i2tw65	123	21	to	to	IN
cord-034205-53i2tw65	123	22	higher	high	JJR
cord-034205-53i2tw65	123	23	investor	investor	NN
cord-034205-53i2tw65	123	24	indebtedness	indebtedness	NN
cord-034205-53i2tw65	123	25	.	.	.
cord-034205-53i2tw65	124	1	Sources	source	NNS
cord-034205-53i2tw65	124	2	of	of	IN
cord-034205-53i2tw65	124	3	financial	financial	JJ
cord-034205-53i2tw65	124	4	resources	resource	NNS
cord-034205-53i2tw65	124	5	can	can	MD
cord-034205-53i2tw65	124	6	be	be	VB
cord-034205-53i2tw65	124	7	financial	financial	JJ
cord-034205-53i2tw65	124	8	institutions	institution	NNS
cord-034205-53i2tw65	124	9	or	or	CC
cord-034205-53i2tw65	124	10	private	private	JJ
cord-034205-53i2tw65	124	11	lenders	lender	NNS
cord-034205-53i2tw65	124	12	,	,	,
cord-034205-53i2tw65	124	13	inter	inter	NNP
cord-034205-53i2tw65	124	14	alia	alia	FW
cord-034205-53i2tw65	124	15	.	.	.
cord-034205-53i2tw65	125	1	The	the	DT
cord-034205-53i2tw65	125	2	euphoria	euphoria	NN
cord-034205-53i2tw65	125	3	stage	stage	NN
cord-034205-53i2tw65	125	4	is	be	VBZ
cord-034205-53i2tw65	125	5	accompanied	accompany	VBN
cord-034205-53i2tw65	125	6	by	by	IN
cord-034205-53i2tw65	125	7	a	a	DT
cord-034205-53i2tw65	125	8	strong	strong	JJ
cord-034205-53i2tw65	125	9	belief	belief	NN
cord-034205-53i2tw65	125	10	that	that	IN
cord-034205-53i2tw65	125	11	prices	price	NNS
cord-034205-53i2tw65	125	12	will	will	MD
cord-034205-53i2tw65	125	13	rise	rise	VB
cord-034205-53i2tw65	125	14	indefinitely	indefinitely	RB
cord-034205-53i2tw65	125	15	-	-	:
cord-034205-53i2tw65	125	16	although	although	IN
cord-034205-53i2tw65	125	17	the	the	DT
cord-034205-53i2tw65	125	18	inherent	inherent	JJ
cord-034205-53i2tw65	125	19	risk	risk	NN
cord-034205-53i2tw65	125	20	is	be	VBZ
cord-034205-53i2tw65	125	21	acknowledged	acknowledge	VBN
cord-034205-53i2tw65	125	22	,	,	,
cord-034205-53i2tw65	125	23	individuals	individual	NNS
cord-034205-53i2tw65	125	24	feel	feel	VBP
cord-034205-53i2tw65	125	25	compelled	compelled	JJ
cord-034205-53i2tw65	125	26	to	to	TO
cord-034205-53i2tw65	125	27	take	take	VB
cord-034205-53i2tw65	125	28	part	part	NN
cord-034205-53i2tw65	125	29	in	in	IN
cord-034205-53i2tw65	125	30	these	these	DT
cord-034205-53i2tw65	125	31	opportunities	opportunity	NNS
cord-034205-53i2tw65	125	32	if	if	IN
cord-034205-53i2tw65	125	33	they	-PRON-	PRP
cord-034205-53i2tw65	125	34	do	do	VBP
cord-034205-53i2tw65	125	35	not	not	RB
cord-034205-53i2tw65	125	36	want	want	VB
cord-034205-53i2tw65	125	37	to	to	TO
cord-034205-53i2tw65	125	38	leave	leave	VB
cord-034205-53i2tw65	125	39	the	the	DT
cord-034205-53i2tw65	125	40	competition	competition	NN
cord-034205-53i2tw65	125	41	.	.	.
cord-034205-53i2tw65	126	1	In	in	IN
cord-034205-53i2tw65	126	2	this	this	DT
cord-034205-53i2tw65	126	3	way	way	NN
cord-034205-53i2tw65	126	4	,	,	,
cord-034205-53i2tw65	126	5	investments	investment	NNS
cord-034205-53i2tw65	126	6	that	that	WDT
cord-034205-53i2tw65	126	7	fueled	fuel	VBD
cord-034205-53i2tw65	126	8	the	the	DT
cord-034205-53i2tw65	126	9	price	price	NN
cord-034205-53i2tw65	126	10	increase	increase	NN
cord-034205-53i2tw65	126	11	in	in	IN
cord-034205-53i2tw65	126	12	the	the	DT
cord-034205-53i2tw65	126	13	first	first	JJ
cord-034205-53i2tw65	126	14	place	place	NN
cord-034205-53i2tw65	126	15	and	and	CC
cord-034205-53i2tw65	126	16	brought	bring	VBD
cord-034205-53i2tw65	126	17	high	high	JJ
cord-034205-53i2tw65	126	18	returns	return	NNS
cord-034205-53i2tw65	126	19	now	now	RB
cord-034205-53i2tw65	126	20	attract	attract	VBP
cord-034205-53i2tw65	126	21	even	even	RB
cord-034205-53i2tw65	126	22	more	more	JJR
cord-034205-53i2tw65	126	23	investors	investor	NNS
cord-034205-53i2tw65	126	24	.	.	.
cord-034205-53i2tw65	127	1	Prices	price	NNS
cord-034205-53i2tw65	127	2	become	become	VBP
cord-034205-53i2tw65	127	3	disconnected	disconnected	JJ
cord-034205-53i2tw65	127	4	from	from	IN
cord-034205-53i2tw65	127	5	established	established	JJ
cord-034205-53i2tw65	127	6	valuation	valuation	NN
cord-034205-53i2tw65	127	7	concepts	concept	NNS
cord-034205-53i2tw65	127	8	,	,	,
cord-034205-53i2tw65	127	9	given	give	VBN
cord-034205-53i2tw65	127	10	the	the	DT
cord-034205-53i2tw65	127	11	belief	belief	NN
cord-034205-53i2tw65	127	12	that	that	IN
cord-034205-53i2tw65	127	13	the	the	DT
cord-034205-53i2tw65	127	14	asset	asset	NN
cord-034205-53i2tw65	127	15	can	can	MD
cord-034205-53i2tw65	127	16	always	always	RB
cord-034205-53i2tw65	127	17	be	be	VB
cord-034205-53i2tw65	127	18	sold	sell	VBN
cord-034205-53i2tw65	127	19	at	at	IN
cord-034205-53i2tw65	127	20	a	a	DT
cord-034205-53i2tw65	127	21	higher	high	JJR
cord-034205-53i2tw65	127	22	price	price	NN
cord-034205-53i2tw65	127	23	while	while	IN
cord-034205-53i2tw65	127	24	financial	financial	JJ
cord-034205-53i2tw65	127	25	resources	resource	NNS
cord-034205-53i2tw65	127	26	,	,	,
cord-034205-53i2tw65	127	27	as	as	IN
cord-034205-53i2tw65	127	28	a	a	DT
cord-034205-53i2tw65	127	29	prerequisite	prerequisite	NN
cord-034205-53i2tw65	127	30	for	for	IN
cord-034205-53i2tw65	127	31	the	the	DT
cord-034205-53i2tw65	127	32	investment	investment	NN
cord-034205-53i2tw65	127	33	,	,	,
cord-034205-53i2tw65	127	34	can	can	MD
cord-034205-53i2tw65	127	35	be	be	VB
cord-034205-53i2tw65	127	36	accessed	access	VBN
cord-034205-53i2tw65	127	37	easily	easily	RB
cord-034205-53i2tw65	127	38	(	(	-LRB-
cord-034205-53i2tw65	127	39	Kindleberger	Kindleberger	NNP
cord-034205-53i2tw65	127	40	and	and	CC
cord-034205-53i2tw65	127	41	Aliber	Aliber	NNP
cord-034205-53i2tw65	127	42	2005	2005	CD
cord-034205-53i2tw65	127	43	,	,	,
cord-034205-53i2tw65	127	44	pp	pp	NNP
cord-034205-53i2tw65	127	45	.	.	.
cord-034205-53i2tw65	128	1	25	25	CD
cord-034205-53i2tw65	128	2	-	-	SYM
cord-034205-53i2tw65	128	3	37	37	CD
cord-034205-53i2tw65	128	4	)	)	-RRB-
cord-034205-53i2tw65	128	5	.	.	.
cord-034205-53i2tw65	129	1	Thus	thus	RB
cord-034205-53i2tw65	129	2	,	,	,
cord-034205-53i2tw65	129	3	the	the	DT
cord-034205-53i2tw65	129	4	success	success	NN
cord-034205-53i2tw65	129	5	of	of	IN
cord-034205-53i2tw65	129	6	the	the	DT
cord-034205-53i2tw65	129	7	investment	investment	NN
cord-034205-53i2tw65	129	8	becomes	become	VBZ
cord-034205-53i2tw65	129	9	a	a	DT
cord-034205-53i2tw65	129	10	self	self	NN
cord-034205-53i2tw65	129	11	-	-	HYPH
cord-034205-53i2tw65	129	12	fulfilling	fulfil	VBG
cord-034205-53i2tw65	129	13	prophecy	prophecy	NN
cord-034205-53i2tw65	129	14	(	(	-LRB-
cord-034205-53i2tw65	129	15	Merton	Merton	NNP
cord-034205-53i2tw65	129	16	1948	1948	CD
cord-034205-53i2tw65	129	17	)	)	-RRB-
cord-034205-53i2tw65	129	18	.	.	.
cord-034205-53i2tw65	130	1	Then	then	RB
cord-034205-53i2tw65	130	2	,	,	,
cord-034205-53i2tw65	130	3	abruptly	abruptly	RB
cord-034205-53i2tw65	130	4	,	,	,
cord-034205-53i2tw65	130	5	following	follow	VBG
cord-034205-53i2tw65	130	6	a	a	DT
cord-034205-53i2tw65	130	7	supposedly	supposedly	RB
cord-034205-53i2tw65	130	8	unimportant	unimportant	JJ
cord-034205-53i2tw65	130	9	event	event	NN
cord-034205-53i2tw65	130	10	,	,	,
cord-034205-53i2tw65	130	11	prices	price	NNS
cord-034205-53i2tw65	130	12	begin	begin	VBP
cord-034205-53i2tw65	130	13	to	to	TO
cord-034205-53i2tw65	130	14	drop	drop	VB
cord-034205-53i2tw65	130	15	(	(	-LRB-
cord-034205-53i2tw65	130	16	financial	financial	JJ
cord-034205-53i2tw65	130	17	distress	distress	NN
cord-034205-53i2tw65	130	18	)	)	-RRB-
cord-034205-53i2tw65	130	19	.	.	.
cord-034205-53i2tw65	131	1	Market	market	NN
cord-034205-53i2tw65	131	2	participants	participant	NNS
cord-034205-53i2tw65	131	3	who	who	WP
cord-034205-53i2tw65	131	4	rely	rely	VBP
cord-034205-53i2tw65	131	5	heavily	heavily	RB
cord-034205-53i2tw65	131	6	on	on	IN
cord-034205-53i2tw65	131	7	debt	debt	NN
cord-034205-53i2tw65	131	8	financing	financing	NN
cord-034205-53i2tw65	131	9	for	for	IN
cord-034205-53i2tw65	131	10	their	-PRON-	PRP$
cord-034205-53i2tw65	131	11	investments	investment	NNS
cord-034205-53i2tw65	131	12	find	find	VBP
cord-034205-53i2tw65	131	13	themselves	-PRON-	PRP
cord-034205-53i2tw65	131	14	in	in	IN
cord-034205-53i2tw65	131	15	trouble	trouble	NN
cord-034205-53i2tw65	131	16	,	,	,
cord-034205-53i2tw65	131	17	as	as	IN
cord-034205-53i2tw65	131	18	the	the	DT
cord-034205-53i2tw65	131	19	assumption	assumption	NN
cord-034205-53i2tw65	131	20	of	of	IN
cord-034205-53i2tw65	131	21	rising	rise	VBG
cord-034205-53i2tw65	131	22	prices	price	NNS
cord-034205-53i2tw65	131	23	no	no	RB
cord-034205-53i2tw65	131	24	longer	long	RBR
cord-034205-53i2tw65	131	25	holds	hold	VBZ
cord-034205-53i2tw65	131	26	.	.	.
cord-034205-53i2tw65	132	1	Investors	investor	NNS
cord-034205-53i2tw65	132	2	need	need	VBP
cord-034205-53i2tw65	132	3	to	to	TO
cord-034205-53i2tw65	132	4	off	off	IN
cord-034205-53i2tw65	132	5	-	-	HYPH
cord-034205-53i2tw65	132	6	load	load	VB
cord-034205-53i2tw65	132	7	their	-PRON-	PRP$
cord-034205-53i2tw65	132	8	assets	asset	NNS
cord-034205-53i2tw65	132	9	to	to	TO
cord-034205-53i2tw65	132	10	generate	generate	VB
cord-034205-53i2tw65	132	11	liquidity	liquidity	NN
cord-034205-53i2tw65	132	12	,	,	,
cord-034205-53i2tw65	132	13	which	which	WDT
cord-034205-53i2tw65	132	14	further	further	RB
cord-034205-53i2tw65	132	15	erodes	erode	VBZ
cord-034205-53i2tw65	132	16	the	the	DT
cord-034205-53i2tw65	132	17	price	price	NN
cord-034205-53i2tw65	132	18	level	level	NN
cord-034205-53i2tw65	132	19	.	.	.
cord-034205-53i2tw65	133	1	In	in	IN
cord-034205-53i2tw65	133	2	the	the	DT
cord-034205-53i2tw65	133	3	final	final	JJ
cord-034205-53i2tw65	133	4	phase	phase	NN
cord-034205-53i2tw65	133	5	(	(	-LRB-
cord-034205-53i2tw65	133	6	revulsion	revulsion	NN
cord-034205-53i2tw65	133	7	)	)	-RRB-
cord-034205-53i2tw65	133	8	,	,	,
cord-034205-53i2tw65	133	9	prices	price	NNS
cord-034205-53i2tw65	133	10	drop	drop	VBP
cord-034205-53i2tw65	133	11	rapidly	rapidly	RB
cord-034205-53i2tw65	133	12	to	to	IN
cord-034205-53i2tw65	133	13	extremely	extremely	RB
cord-034205-53i2tw65	133	14	low	low	JJ
cord-034205-53i2tw65	133	15	levels	level	NNS
cord-034205-53i2tw65	133	16	-	-	:
cord-034205-53i2tw65	133	17	until	until	IN
cord-034205-53i2tw65	133	18	,	,	,
cord-034205-53i2tw65	133	19	for	for	IN
cord-034205-53i2tw65	133	20	instance	instance	NN
cord-034205-53i2tw65	133	21	,	,	,
cord-034205-53i2tw65	133	22	a	a	DT
cord-034205-53i2tw65	133	23	"	"	``
cord-034205-53i2tw65	133	24	lender	lender	NN
cord-034205-53i2tw65	133	25	of	of	IN
cord-034205-53i2tw65	133	26	last	last	JJ
cord-034205-53i2tw65	133	27	resort	resort	NN
cord-034205-53i2tw65	133	28	"	"	''
cord-034205-53i2tw65	133	29	steps	step	NNS
cord-034205-53i2tw65	133	30	in	in	IN
cord-034205-53i2tw65	133	31	and	and	CC
cord-034205-53i2tw65	133	32	prices	price	NNS
cord-034205-53i2tw65	133	33	stabilize	stabilize	VBP
cord-034205-53i2tw65	133	34	(	(	-LRB-
cord-034205-53i2tw65	133	35	Kindleberger	Kindleberger	NNP
cord-034205-53i2tw65	133	36	and	and	CC
cord-034205-53i2tw65	133	37	Aliber	Aliber	NNP
cord-034205-53i2tw65	133	38	2005	2005	CD
cord-034205-53i2tw65	133	39	,	,	,
cord-034205-53i2tw65	133	40	pp	pp	NNP
cord-034205-53i2tw65	133	41	.	.	.
cord-034205-53i2tw65	134	1	25	25	CD
cord-034205-53i2tw65	134	2	-	-	SYM
cord-034205-53i2tw65	134	3	37	37	CD
cord-034205-53i2tw65	134	4	)	)	-RRB-
cord-034205-53i2tw65	134	5	.	.	.
cord-034205-53i2tw65	135	1	According	accord	VBG
cord-034205-53i2tw65	135	2	to	to	IN
cord-034205-53i2tw65	135	3	Kindleberger	Kindleberger	NNP
cord-034205-53i2tw65	135	4	and	and	CC
cord-034205-53i2tw65	135	5	Aliber	Aliber	NNP
cord-034205-53i2tw65	135	6	(	(	-LRB-
cord-034205-53i2tw65	135	7	2005	2005	CD
cord-034205-53i2tw65	135	8	,	,	,
cord-034205-53i2tw65	135	9	pp	pp	NNP
cord-034205-53i2tw65	135	10	.	.	NNP
cord-034205-53i2tw65	135	11	11	11	CD
cord-034205-53i2tw65	135	12	-	-	SYM
cord-034205-53i2tw65	135	13	12	12	CD
cord-034205-53i2tw65	135	14	)	)	-RRB-
cord-034205-53i2tw65	135	15	,	,	,
cord-034205-53i2tw65	135	16	although	although	IN
cord-034205-53i2tw65	135	17	speculative	speculative	JJ
cord-034205-53i2tw65	135	18	bubbles	bubble	NNS
cord-034205-53i2tw65	135	19	feature	feature	VBP
cord-034205-53i2tw65	135	20	a	a	DT
cord-034205-53i2tw65	135	21	similar	similar	JJ
cord-034205-53i2tw65	135	22	pattern	pattern	NN
cord-034205-53i2tw65	135	23	,	,	,
cord-034205-53i2tw65	135	24	their	-PRON-	PRP$
cord-034205-53i2tw65	135	25	causes	cause	NNS
cord-034205-53i2tw65	135	26	and	and	CC
cord-034205-53i2tw65	135	27	origins	origin	NNS
cord-034205-53i2tw65	135	28	can	can	MD
cord-034205-53i2tw65	135	29	vary	vary	VB
cord-034205-53i2tw65	135	30	.	.	.
cord-034205-53i2tw65	136	1	From	from	IN
cord-034205-53i2tw65	136	2	a	a	DT
cord-034205-53i2tw65	136	3	financial	financial	JJ
cord-034205-53i2tw65	136	4	perspective	perspective	NN
cord-034205-53i2tw65	136	5	,	,	,
cord-034205-53i2tw65	136	6	however	however	RB
cord-034205-53i2tw65	136	7	,	,	,
cord-034205-53i2tw65	136	8	the	the	DT
cord-034205-53i2tw65	136	9	authors	author	NNS
cord-034205-53i2tw65	136	10	suggest	suggest	VBP
cord-034205-53i2tw65	136	11	that	that	IN
cord-034205-53i2tw65	136	12	ease	ease	NN
cord-034205-53i2tw65	136	13	of	of	IN
cord-034205-53i2tw65	136	14	access	access	NN
cord-034205-53i2tw65	136	15	to	to	IN
cord-034205-53i2tw65	136	16	financial	financial	JJ
cord-034205-53i2tw65	136	17	resources	resource	NNS
cord-034205-53i2tw65	136	18	(	(	-LRB-
cord-034205-53i2tw65	136	19	e.g.	e.g.	RB
cord-034205-53i2tw65	136	20	,	,	,
cord-034205-53i2tw65	136	21	through	through	IN
cord-034205-53i2tw65	136	22	low	low	JJ
cord-034205-53i2tw65	136	23	interest	interest	NN
cord-034205-53i2tw65	136	24	rates	rate	NNS
cord-034205-53i2tw65	136	25	)	)	-RRB-
cord-034205-53i2tw65	136	26	,	,	,
cord-034205-53i2tw65	136	27	which	which	WDT
cord-034205-53i2tw65	136	28	can	can	MD
cord-034205-53i2tw65	136	29	result	result	VB
cord-034205-53i2tw65	136	30	in	in	IN
cord-034205-53i2tw65	136	31	unsustainable	unsustainable	JJ
cord-034205-53i2tw65	136	32	indebtedness	indebtedness	NN
cord-034205-53i2tw65	136	33	,	,	,
cord-034205-53i2tw65	136	34	is	be	VBZ
cord-034205-53i2tw65	136	35	a	a	DT
cord-034205-53i2tw65	136	36	common	common	JJ
cord-034205-53i2tw65	136	37	element	element	NN
cord-034205-53i2tw65	136	38	to	to	IN
cord-034205-53i2tw65	136	39	speculative	speculative	JJ
cord-034205-53i2tw65	136	40	bubbles	bubble	NNS
cord-034205-53i2tw65	136	41	.	.	.
cord-034205-53i2tw65	137	1	From	from	IN
cord-034205-53i2tw65	137	2	one	one	CD
cord-034205-53i2tw65	137	3	viewpoint	viewpoint	NN
cord-034205-53i2tw65	137	4	,	,	,
cord-034205-53i2tw65	137	5	speculation	speculation	NN
cord-034205-53i2tw65	137	6	can	can	MD
cord-034205-53i2tw65	137	7	be	be	VB
cord-034205-53i2tw65	137	8	considered	consider	VBN
cord-034205-53i2tw65	137	9	the	the	DT
cord-034205-53i2tw65	137	10	core	core	NN
cord-034205-53i2tw65	137	11	of	of	IN
cord-034205-53i2tw65	137	12	economics	economic	NNS
cord-034205-53i2tw65	137	13	.	.	.
cord-034205-53i2tw65	138	1	As	as	RB
cord-034205-53i2tw65	138	2	well	well	RB
cord-034205-53i2tw65	138	3	as	as	IN
cord-034205-53i2tw65	138	4	from	from	IN
cord-034205-53i2tw65	138	5	a	a	DT
cord-034205-53i2tw65	138	6	financial	financial	JJ
cord-034205-53i2tw65	138	7	perspective	perspective	NN
cord-034205-53i2tw65	138	8	,	,	,
cord-034205-53i2tw65	138	9	research	research	NN
cord-034205-53i2tw65	138	10	has	have	VBZ
cord-034205-53i2tw65	138	11	examined	examine	VBN
cord-034205-53i2tw65	138	12	extreme	extreme	JJ
cord-034205-53i2tw65	138	13	price	price	NN
cord-034205-53i2tw65	138	14	movements	movement	NNS
cord-034205-53i2tw65	138	15	from	from	IN
cord-034205-53i2tw65	138	16	a	a	DT
cord-034205-53i2tw65	138	17	psychological	psychological	JJ
cord-034205-53i2tw65	138	18	perspective	perspective	NN
cord-034205-53i2tw65	138	19	(	(	-LRB-
cord-034205-53i2tw65	138	20	for	for	IN
cord-034205-53i2tw65	138	21	an	an	DT
cord-034205-53i2tw65	138	22	overview	overview	NN
cord-034205-53i2tw65	138	23	of	of	IN
cord-034205-53i2tw65	138	24	various	various	JJ
cord-034205-53i2tw65	138	25	psychological	psychological	JJ
cord-034205-53i2tw65	138	26	aspects	aspect	NNS
cord-034205-53i2tw65	138	27	,	,	,
cord-034205-53i2tw65	138	28	see	see	VB
cord-034205-53i2tw65	138	29	Vogel	Vogel	NNP
cord-034205-53i2tw65	138	30	2010	2010	CD
cord-034205-53i2tw65	138	31	)	)	-RRB-
cord-034205-53i2tw65	138	32	.	.	.
cord-034205-53i2tw65	139	1	In	in	IN
cord-034205-53i2tw65	139	2	past	past	JJ
cord-034205-53i2tw65	139	3	discussions	discussion	NNS
cord-034205-53i2tw65	139	4	of	of	IN
cord-034205-53i2tw65	139	5	extreme	extreme	JJ
cord-034205-53i2tw65	139	6	price	price	NN
cord-034205-53i2tw65	139	7	movements	movement	NNS
cord-034205-53i2tw65	139	8	,	,	,
cord-034205-53i2tw65	139	9	economists	economist	NNS
cord-034205-53i2tw65	139	10	often	often	RB
cord-034205-53i2tw65	139	11	assumed	assume	VBD
cord-034205-53i2tw65	139	12	that	that	IN
cord-034205-53i2tw65	139	13	investors	investor	NNS
cord-034205-53i2tw65	139	14	behave	behave	VBP
cord-034205-53i2tw65	139	15	rationally	rationally	RB
cord-034205-53i2tw65	139	16	in	in	IN
cord-034205-53i2tw65	139	17	their	-PRON-	PRP$
cord-034205-53i2tw65	139	18	investment	investment	NN
cord-034205-53i2tw65	139	19	decisions	decision	NNS
cord-034205-53i2tw65	139	20	.	.	.
cord-034205-53i2tw65	140	1	6	6	CD
cord-034205-53i2tw65	140	2	Blanchard	Blanchard	NNP
cord-034205-53i2tw65	140	3	and	and	CC
cord-034205-53i2tw65	140	4	Watson	Watson	NNP
cord-034205-53i2tw65	140	5	(	(	-LRB-
cord-034205-53i2tw65	140	6	1982	1982	CD
cord-034205-53i2tw65	140	7	)	)	-RRB-
cord-034205-53i2tw65	140	8	,	,	,
cord-034205-53i2tw65	140	9	for	for	IN
cord-034205-53i2tw65	140	10	example	example	NN
cord-034205-53i2tw65	140	11	,	,	,
cord-034205-53i2tw65	140	12	describe	describe	VB
cord-034205-53i2tw65	140	13	the	the	DT
cord-034205-53i2tw65	140	14	concept	concept	NN
cord-034205-53i2tw65	140	15	of	of	IN
cord-034205-53i2tw65	140	16	rational	rational	JJ
cord-034205-53i2tw65	140	17	bubbles	bubble	NNS
cord-034205-53i2tw65	140	18	,	,	,
cord-034205-53i2tw65	140	19	whereby	whereby	WRB
cord-034205-53i2tw65	140	20	deviations	deviation	NNS
cord-034205-53i2tw65	140	21	from	from	IN
cord-034205-53i2tw65	140	22	fundamental	fundamental	JJ
cord-034205-53i2tw65	140	23	values	value	NNS
cord-034205-53i2tw65	140	24	can	can	MD
cord-034205-53i2tw65	140	25	be	be	VB
cord-034205-53i2tw65	140	26	deemed	deem	VBN
cord-034205-53i2tw65	140	27	rational	rational	JJ
cord-034205-53i2tw65	140	28	from	from	IN
cord-034205-53i2tw65	140	29	an	an	DT
cord-034205-53i2tw65	140	30	investment	investment	NN
cord-034205-53i2tw65	140	31	perspective	perspective	NN
cord-034205-53i2tw65	140	32	.	.	.
cord-034205-53i2tw65	141	1	This	this	DT
cord-034205-53i2tw65	141	2	view	view	NN
cord-034205-53i2tw65	141	3	of	of	IN
cord-034205-53i2tw65	141	4	rationality	rationality	NN
cord-034205-53i2tw65	141	5	,	,	,
cord-034205-53i2tw65	141	6	however	however	RB
cord-034205-53i2tw65	141	7	,	,	,
cord-034205-53i2tw65	141	8	contrasts	contrast	VBZ
cord-034205-53i2tw65	141	9	with	with	IN
cord-034205-53i2tw65	141	10	observations	observation	NNS
cord-034205-53i2tw65	141	11	made	make	VBN
cord-034205-53i2tw65	141	12	by	by	IN
cord-034205-53i2tw65	141	13	studies	study	NNS
cord-034205-53i2tw65	141	14	that	that	WDT
cord-034205-53i2tw65	141	15	focus	focus	VBP
cord-034205-53i2tw65	141	16	on	on	IN
cord-034205-53i2tw65	141	17	psychological	psychological	JJ
cord-034205-53i2tw65	141	18	aspects	aspect	NNS
cord-034205-53i2tw65	141	19	.	.	.
cord-034205-53i2tw65	142	1	Among	among	IN
cord-034205-53i2tw65	142	2	other	other	JJ
cord-034205-53i2tw65	142	3	findings	finding	NNS
cord-034205-53i2tw65	142	4	,	,	,
cord-034205-53i2tw65	142	5	studies	study	NNS
cord-034205-53i2tw65	142	6	that	that	WDT
cord-034205-53i2tw65	142	7	focus	focus	VBP
cord-034205-53i2tw65	142	8	on	on	IN
cord-034205-53i2tw65	142	9	behavioral	behavioral	JJ
cord-034205-53i2tw65	142	10	finance	finance	NN
cord-034205-53i2tw65	142	11	have	have	VBP
cord-034205-53i2tw65	142	12	found	find	VBN
cord-034205-53i2tw65	142	13	that	that	IN
cord-034205-53i2tw65	142	14	people	people	NNS
cord-034205-53i2tw65	142	15	often	often	RB
cord-034205-53i2tw65	142	16	adhere	adhere	VBP
cord-034205-53i2tw65	142	17	to	to	IN
cord-034205-53i2tw65	142	18	their	-PRON-	PRP$
cord-034205-53i2tw65	142	19	established	establish	VBN
cord-034205-53i2tw65	142	20	beliefs	belief	NNS
cord-034205-53i2tw65	142	21	and	and	CC
cord-034205-53i2tw65	142	22	assumptions	assumption	NNS
cord-034205-53i2tw65	142	23	and	and	CC
cord-034205-53i2tw65	142	24	thus	thus	RB
cord-034205-53i2tw65	142	25	oversee	oversee	VB
cord-034205-53i2tw65	142	26	warning	warning	NN
cord-034205-53i2tw65	142	27	signals	signal	NNS
cord-034205-53i2tw65	142	28	(	(	-LRB-
cord-034205-53i2tw65	142	29	Vogel	Vogel	NNP
cord-034205-53i2tw65	142	30	2010	2010	CD
cord-034205-53i2tw65	142	31	,	,	,
cord-034205-53i2tw65	142	32	pp	pp	NNP
cord-034205-53i2tw65	142	33	.	.	.
cord-034205-53i2tw65	143	1	79	79	CD
cord-034205-53i2tw65	143	2	-	-	SYM
cord-034205-53i2tw65	143	3	80	80	CD
cord-034205-53i2tw65	143	4	)	)	-RRB-
cord-034205-53i2tw65	143	5	.	.	.
cord-034205-53i2tw65	144	1	Furthermore	furthermore	RB
cord-034205-53i2tw65	144	2	,	,	,
cord-034205-53i2tw65	144	3	bubble	bubble	NN
cord-034205-53i2tw65	144	4	-	-	HYPH
cord-034205-53i2tw65	144	5	building	building	NN
cord-034205-53i2tw65	144	6	is	be	VBZ
cord-034205-53i2tw65	144	7	often	often	RB
cord-034205-53i2tw65	144	8	associated	associate	VBN
cord-034205-53i2tw65	144	9	with	with	IN
cord-034205-53i2tw65	144	10	the	the	DT
cord-034205-53i2tw65	144	11	investors	investor	NNS
cord-034205-53i2tw65	144	12	'	'	POS
cord-034205-53i2tw65	144	13	herding	herding	NN
cord-034205-53i2tw65	144	14	behavior	behavior	NN
cord-034205-53i2tw65	144	15	when	when	WRB
cord-034205-53i2tw65	144	16	they	-PRON-	PRP
cord-034205-53i2tw65	144	17	react	react	VBP
cord-034205-53i2tw65	144	18	to	to	IN
cord-034205-53i2tw65	144	19	market	market	NN
cord-034205-53i2tw65	144	20	signals	signal	NNS
cord-034205-53i2tw65	144	21	and	and	CC
cord-034205-53i2tw65	144	22	actions	action	NNS
cord-034205-53i2tw65	144	23	by	by	IN
cord-034205-53i2tw65	144	24	other	other	JJ
cord-034205-53i2tw65	144	25	investors	investor	NNS
cord-034205-53i2tw65	144	26	(	(	-LRB-
cord-034205-53i2tw65	144	27	for	for	IN
cord-034205-53i2tw65	144	28	more	more	JJR
cord-034205-53i2tw65	144	29	details	detail	NNS
cord-034205-53i2tw65	144	30	on	on	IN
cord-034205-53i2tw65	144	31	signaling	signal	VBG
cord-034205-53i2tw65	144	32	,	,	,
cord-034205-53i2tw65	144	33	see	see	VB
cord-034205-53i2tw65	144	34	Bikhchandani	Bikhchandani	NNP
cord-034205-53i2tw65	144	35	et	et	NNP
cord-034205-53i2tw65	144	36	al	al	NNP
cord-034205-53i2tw65	144	37	.	.	NNP
cord-034205-53i2tw65	144	38	1998	1998	CD
cord-034205-53i2tw65	144	39	)	)	-RRB-
cord-034205-53i2tw65	144	40	.	.	.
cord-034205-53i2tw65	145	1	In	in	IN
cord-034205-53i2tw65	145	2	The	the	DT
cord-034205-53i2tw65	145	3	Great	Great	NNP
cord-034205-53i2tw65	145	4	Crash	Crash	NNP
cord-034205-53i2tw65	145	5	1929	1929	CD
cord-034205-53i2tw65	145	6	,	,	,
cord-034205-53i2tw65	145	7	Galbraith	Galbraith	NNP
cord-034205-53i2tw65	145	8	(	(	-LRB-
cord-034205-53i2tw65	145	9	2009	2009	CD
cord-034205-53i2tw65	145	10	explains	explain	VBZ
cord-034205-53i2tw65	145	11	this	this	DT
cord-034205-53i2tw65	145	12	behavior	behavior	NN
cord-034205-53i2tw65	145	13	:	:	:
cord-034205-53i2tw65	145	14	based	base	VBN
cord-034205-53i2tw65	145	15	on	on	IN
cord-034205-53i2tw65	145	16	first	first	JJ
cord-034205-53i2tw65	145	17	successes	success	NNS
cord-034205-53i2tw65	145	18	with	with	IN
cord-034205-53i2tw65	145	19	an	an	DT
cord-034205-53i2tw65	145	20	investment	investment	NN
cord-034205-53i2tw65	145	21	,	,	,
cord-034205-53i2tw65	145	22	other	other	JJ
cord-034205-53i2tw65	145	23	(	(	-LRB-
cord-034205-53i2tw65	145	24	institutional	institutional	JJ
cord-034205-53i2tw65	145	25	and	and	CC
cord-034205-53i2tw65	145	26	private	private	JJ
cord-034205-53i2tw65	145	27	)	)	-RRB-
cord-034205-53i2tw65	145	28	investors	investor	NNS
cord-034205-53i2tw65	145	29	follow	follow	VBP
cord-034205-53i2tw65	145	30	,	,	,
cord-034205-53i2tw65	145	31	which	which	WDT
cord-034205-53i2tw65	145	32	leads	lead	VBZ
cord-034205-53i2tw65	145	33	to	to	IN
cord-034205-53i2tw65	145	34	a	a	DT
cord-034205-53i2tw65	145	35	further	further	JJ
cord-034205-53i2tw65	145	36	(	(	-LRB-
cord-034205-53i2tw65	145	37	exponential	exponential	JJ
cord-034205-53i2tw65	145	38	)	)	-RRB-
cord-034205-53i2tw65	145	39	price	price	NN
cord-034205-53i2tw65	145	40	increase	increase	NN
cord-034205-53i2tw65	145	41	.	.	.
cord-034205-53i2tw65	146	1	External	external	JJ
cord-034205-53i2tw65	146	2	pressure	pressure	NN
cord-034205-53i2tw65	146	3	on	on	IN
cord-034205-53i2tw65	146	4	all	all	DT
cord-034205-53i2tw65	146	5	investors	investor	NNS
cord-034205-53i2tw65	146	6	not	not	RB
cord-034205-53i2tw65	146	7	to	to	TO
cord-034205-53i2tw65	146	8	miss	miss	VB
cord-034205-53i2tw65	146	9	out	out	RP
cord-034205-53i2tw65	146	10	on	on	IN
cord-034205-53i2tw65	146	11	this	this	DT
cord-034205-53i2tw65	146	12	business	business	NN
cord-034205-53i2tw65	146	13	opportunity	opportunity	NN
cord-034205-53i2tw65	146	14	accompanies	accompany	VBZ
cord-034205-53i2tw65	146	15	the	the	DT
cord-034205-53i2tw65	146	16	herding	herding	NN
cord-034205-53i2tw65	146	17	behavior	behavior	NN
cord-034205-53i2tw65	146	18	(	(	-LRB-
cord-034205-53i2tw65	146	19	Galbraith	Galbraith	NNP
cord-034205-53i2tw65	146	20	1994	1994	CD
cord-034205-53i2tw65	146	21	)	)	-RRB-
cord-034205-53i2tw65	146	22	;	;	:
cord-034205-53i2tw65	146	23	additionally	additionally	RB
cord-034205-53i2tw65	146	24	,	,	,
cord-034205-53i2tw65	146	25	successful	successful	JJ
cord-034205-53i2tw65	146	26	investors	investor	NNS
cord-034205-53i2tw65	146	27	who	who	WP
cord-034205-53i2tw65	146	28	jump	jump	VBP
cord-034205-53i2tw65	146	29	on	on	IN
cord-034205-53i2tw65	146	30	the	the	DT
cord-034205-53i2tw65	146	31	bandwagon	bandwagon	NN
cord-034205-53i2tw65	146	32	early	early	RB
cord-034205-53i2tw65	146	33	signal	signal	VBP
cord-034205-53i2tw65	146	34	the	the	DT
cord-034205-53i2tw65	146	35	prospect	prospect	NN
cord-034205-53i2tw65	146	36	of	of	IN
cord-034205-53i2tw65	146	37	further	further	JJ
cord-034205-53i2tw65	146	38	rewards	reward	NNS
cord-034205-53i2tw65	146	39	.	.	.
cord-034205-53i2tw65	147	1	A	a	DT
cord-034205-53i2tw65	147	2	differentiation	differentiation	NN
cord-034205-53i2tw65	147	3	is	be	VBZ
cord-034205-53i2tw65	147	4	made	make	VBN
cord-034205-53i2tw65	147	5	between	between	IN
cord-034205-53i2tw65	147	6	rational	rational	JJ
cord-034205-53i2tw65	147	7	and	and	CC
cord-034205-53i2tw65	147	8	non	non	JJ
cord-034205-53i2tw65	147	9	-	-	JJ
cord-034205-53i2tw65	147	10	rational	rational	JJ
cord-034205-53i2tw65	147	11	herding	herding	NN
cord-034205-53i2tw65	147	12	:	:	:
cord-034205-53i2tw65	147	13	while	while	IN
cord-034205-53i2tw65	147	14	non	non	JJ
cord-034205-53i2tw65	147	15	-	-	JJ
cord-034205-53i2tw65	147	16	rational	rational	JJ
cord-034205-53i2tw65	147	17	herding	herding	NN
cord-034205-53i2tw65	147	18	implies	imply	VBZ
cord-034205-53i2tw65	147	19	following	follow	VBG
cord-034205-53i2tw65	147	20	other	other	JJ
cord-034205-53i2tw65	147	21	investors	investor	NNS
cord-034205-53i2tw65	147	22	without	without	IN
cord-034205-53i2tw65	147	23	considering	consider	VBG
cord-034205-53i2tw65	147	24	personal	personal	JJ
cord-034205-53i2tw65	147	25	information	information	NN
cord-034205-53i2tw65	147	26	,	,	,
cord-034205-53i2tw65	147	27	rational	rational	JJ
cord-034205-53i2tw65	147	28	herding	herding	NN
cord-034205-53i2tw65	147	29	means	mean	VBZ
cord-034205-53i2tw65	147	30	that	that	IN
cord-034205-53i2tw65	147	31	investors	investor	NNS
cord-034205-53i2tw65	147	32	lack	lack	VBP
cord-034205-53i2tw65	147	33	personal	personal	JJ
cord-034205-53i2tw65	147	34	information	information	NN
cord-034205-53i2tw65	147	35	and	and	CC
cord-034205-53i2tw65	147	36	must	must	MD
cord-034205-53i2tw65	147	37	rely	rely	VB
cord-034205-53i2tw65	147	38	on	on	IN
cord-034205-53i2tw65	147	39	information	information	NN
cord-034205-53i2tw65	147	40	from	from	IN
cord-034205-53i2tw65	147	41	other	other	JJ
cord-034205-53i2tw65	147	42	investors	investor	NNS
cord-034205-53i2tw65	148	1	(	(	-LRB-
cord-034205-53i2tw65	148	2	Aytaç	Aytaç	NNP
cord-034205-53i2tw65	148	3	et	et	NNP
cord-034205-53i2tw65	148	4	al	al	NNP
cord-034205-53i2tw65	148	5	.	.	.
cord-034205-53i2tw65	148	6	2018	2018	CD
cord-034205-53i2tw65	149	1	;	;	:
cord-034205-53i2tw65	149	2	for	for	IN
cord-034205-53i2tw65	149	3	further	further	JJ
cord-034205-53i2tw65	149	4	details	detail	NNS
cord-034205-53i2tw65	149	5	on	on	IN
cord-034205-53i2tw65	149	6	rational	rational	JJ
cord-034205-53i2tw65	149	7	herding	herding	NN
cord-034205-53i2tw65	149	8	behavior	behavior	NN
cord-034205-53i2tw65	149	9	,	,	,
cord-034205-53i2tw65	149	10	see	see	VB
cord-034205-53i2tw65	149	11	Bikhchandani	Bikhchandani	NNP
cord-034205-53i2tw65	149	12	and	and	CC
cord-034205-53i2tw65	149	13	Sharma	Sharma	NNP
cord-034205-53i2tw65	149	14	2001	2001	CD
cord-034205-53i2tw65	149	15	)	)	-RRB-
cord-034205-53i2tw65	149	16	.	.	.
cord-034205-53i2tw65	150	1	7	7	CD
cord-034205-53i2tw65	151	1	In	in	IN
cord-034205-53i2tw65	151	2	the	the	DT
cord-034205-53i2tw65	151	3	current	current	JJ
cord-034205-53i2tw65	151	4	debate	debate	NN
cord-034205-53i2tw65	151	5	,	,	,
cord-034205-53i2tw65	151	6	the	the	DT
cord-034205-53i2tw65	151	7	question	question	NN
cord-034205-53i2tw65	151	8	of	of	IN
cord-034205-53i2tw65	151	9	a	a	DT
cord-034205-53i2tw65	151	10	speculative	speculative	JJ
cord-034205-53i2tw65	151	11	bubble	bubble	NN
cord-034205-53i2tw65	151	12	in	in	IN
cord-034205-53i2tw65	151	13	football	football	NN
cord-034205-53i2tw65	151	14	is	be	VBZ
cord-034205-53i2tw65	151	15	based	base	VBN
cord-034205-53i2tw65	151	16	largely	largely	RB
cord-034205-53i2tw65	151	17	on	on	IN
cord-034205-53i2tw65	151	18	the	the	DT
cord-034205-53i2tw65	151	19	recent	recent	JJ
cord-034205-53i2tw65	151	20	rapid	rapid	JJ
cord-034205-53i2tw65	151	21	increase	increase	NN
cord-034205-53i2tw65	151	22	in	in	IN
cord-034205-53i2tw65	151	23	transfer	transfer	NN
cord-034205-53i2tw65	151	24	fees	fee	NNS
cord-034205-53i2tw65	152	1	(	(	-LRB-
cord-034205-53i2tw65	152	2	Fig	Fig	NNP
cord-034205-53i2tw65	152	3	.	.	NNP
cord-034205-53i2tw65	152	4	2	2	CD
cord-034205-53i2tw65	152	5	)	)	-RRB-
cord-034205-53i2tw65	152	6	.	.	.
cord-034205-53i2tw65	153	1	A	a	DT
cord-034205-53i2tw65	153	2	time	time	NN
cord-034205-53i2tw65	153	3	trend	trend	NN
cord-034205-53i2tw65	153	4	analysis	analysis	NN
cord-034205-53i2tw65	153	5	8	8	CD
cord-034205-53i2tw65	153	6	confirms	confirm	VBZ
cord-034205-53i2tw65	153	7	a	a	DT
cord-034205-53i2tw65	153	8	statistically	statistically	RB
cord-034205-53i2tw65	153	9	significant	significant	JJ
cord-034205-53i2tw65	153	10	increase	increase	NN
cord-034205-53i2tw65	153	11	of	of	IN
cord-034205-53i2tw65	153	12	the	the	DT
cord-034205-53i2tw65	153	13	aggregated	aggregated	JJ
cord-034205-53i2tw65	153	14	transfer	transfer	NN
cord-034205-53i2tw65	153	15	fee	fee	NN
cord-034205-53i2tw65	153	16	spending	spending	NN
cord-034205-53i2tw65	153	17	for	for	IN
cord-034205-53i2tw65	153	18	all	all	DT
cord-034205-53i2tw65	153	19	leagues	league	NNS
cord-034205-53i2tw65	153	20	(	(	-LRB-
cord-034205-53i2tw65	153	21	Table	table	NN
cord-034205-53i2tw65	153	22	2	2	CD
cord-034205-53i2tw65	153	23	)	)	-RRB-
cord-034205-53i2tw65	153	24	.	.	.
cord-034205-53i2tw65	154	1	The	the	DT
cord-034205-53i2tw65	154	2	Premier	Premier	NNP
cord-034205-53i2tw65	154	3	League	League	NNP
cord-034205-53i2tw65	154	4	stands	stand	VBZ
cord-034205-53i2tw65	154	5	out	out	RP
cord-034205-53i2tw65	154	6	with	with	IN
cord-034205-53i2tw65	154	7	a	a	DT
cord-034205-53i2tw65	154	8	trendline	trendline	NN
cord-034205-53i2tw65	154	9	that	that	WDT
cord-034205-53i2tw65	154	10	shows	show	VBZ
cord-034205-53i2tw65	154	11	an	an	DT
cord-034205-53i2tw65	154	12	annual	annual	JJ
cord-034205-53i2tw65	154	13	increase	increase	NN
cord-034205-53i2tw65	154	14	of	of	IN
cord-034205-53i2tw65	154	15	156.16€M	156.16€m	CD
cord-034205-53i2tw65	154	16	,	,	,
cord-034205-53i2tw65	154	17	which	which	WDT
cord-034205-53i2tw65	154	18	is	be	VBZ
cord-034205-53i2tw65	154	19	almost	almost	RB
cord-034205-53i2tw65	154	20	three	three	CD
cord-034205-53i2tw65	154	21	times	time	NNS
cord-034205-53i2tw65	154	22	higher	high	JJR
cord-034205-53i2tw65	154	23	than	than	IN
cord-034205-53i2tw65	154	24	the	the	DT
cord-034205-53i2tw65	154	25	increase	increase	NN
cord-034205-53i2tw65	154	26	of	of	IN
cord-034205-53i2tw65	154	27	the	the	DT
cord-034205-53i2tw65	154	28	other	other	JJ
cord-034205-53i2tw65	154	29	leagues	league	NNS
cord-034205-53i2tw65	154	30	.	.	.
cord-034205-53i2tw65	155	1	A	a	DT
cord-034205-53i2tw65	155	2	time	time	NN
cord-034205-53i2tw65	155	3	lagged	lag	VBD
cord-034205-53i2tw65	155	4	regression	regression	NN
cord-034205-53i2tw65	155	5	further	further	RB
cord-034205-53i2tw65	155	6	indicates	indicate	VBZ
cord-034205-53i2tw65	155	7	that	that	IN
cord-034205-53i2tw65	155	8	the	the	DT
cord-034205-53i2tw65	155	9	transfer	transfer	NN
cord-034205-53i2tw65	155	10	spending	spending	NN
cord-034205-53i2tw65	155	11	in	in	IN
cord-034205-53i2tw65	155	12	the	the	DT
cord-034205-53i2tw65	155	13	Premier	Premier	NNP
cord-034205-53i2tw65	155	14	League	League	NNP
cord-034205-53i2tw65	155	15	,	,	,
cord-034205-53i2tw65	155	16	Serie	Serie	NNP
cord-034205-53i2tw65	155	17	A	A	NNP
cord-034205-53i2tw65	155	18	and	and	CC
cord-034205-53i2tw65	155	19	Bundesliga	Bundesliga	NNP
cord-034205-53i2tw65	155	20	is	be	VBZ
cord-034205-53i2tw65	155	21	to	to	IN
cord-034205-53i2tw65	155	22	a	a	DT
cord-034205-53i2tw65	155	23	large	large	JJ
cord-034205-53i2tw65	155	24	extent	extent	NN
cord-034205-53i2tw65	155	25	driven	drive	VBN
cord-034205-53i2tw65	155	26	by	by	IN
cord-034205-53i2tw65	155	27	the	the	DT
cord-034205-53i2tw65	155	28	previous	previous	JJ
cord-034205-53i2tw65	155	29	year	year	NN
cord-034205-53i2tw65	155	30	's	's	POS
cord-034205-53i2tw65	155	31	spending	spending	NN
cord-034205-53i2tw65	155	32	with	with	IN
cord-034205-53i2tw65	155	33	an	an	DT
cord-034205-53i2tw65	155	34	adjusted	adjusted	JJ
cord-034205-53i2tw65	155	35	R	r	NN
cord-034205-53i2tw65	155	36	2	2	CD
cord-034205-53i2tw65	155	37	between	between	IN
cord-034205-53i2tw65	155	38	0.60	0.60	CD
cord-034205-53i2tw65	155	39	and	and	CC
cord-034205-53i2tw65	155	40	0.67	0.67	CD
cord-034205-53i2tw65	155	41	for	for	IN
cord-034205-53i2tw65	155	42	these	these	DT
cord-034205-53i2tw65	155	43	leagues	league	NNS
cord-034205-53i2tw65	155	44	(	(	-LRB-
cord-034205-53i2tw65	155	45	Table	Table	NNP
cord-034205-53i2tw65	155	46	3	3	CD
cord-034205-53i2tw65	155	47	)	)	-RRB-
cord-034205-53i2tw65	155	48	.	.	.
cord-034205-53i2tw65	156	1	In	in	IN
cord-034205-53i2tw65	156	2	line	line	NN
cord-034205-53i2tw65	156	3	with	with	IN
cord-034205-53i2tw65	156	4	this	this	DT
cord-034205-53i2tw65	156	5	discussion	discussion	NN
cord-034205-53i2tw65	156	6	,	,	,
cord-034205-53i2tw65	156	7	we	-PRON-	PRP
cord-034205-53i2tw65	156	8	use	use	VBP
cord-034205-53i2tw65	156	9	transfer	transfer	NN
cord-034205-53i2tw65	156	10	fees	fee	NNS
cord-034205-53i2tw65	156	11	as	as	IN
cord-034205-53i2tw65	156	12	a	a	DT
cord-034205-53i2tw65	156	13	price	price	NN
cord-034205-53i2tw65	156	14	indicator	indicator	NN
cord-034205-53i2tw65	156	15	to	to	TO
cord-034205-53i2tw65	156	16	examine	examine	VB
cord-034205-53i2tw65	156	17	the	the	DT
cord-034205-53i2tw65	156	18	existence	existence	NN
cord-034205-53i2tw65	156	19	of	of	IN
cord-034205-53i2tw65	156	20	a	a	DT
cord-034205-53i2tw65	156	21	speculative	speculative	JJ
cord-034205-53i2tw65	156	22	bubble	bubble	NN
cord-034205-53i2tw65	156	23	,	,	,
cord-034205-53i2tw65	156	24	by	by	IN
cord-034205-53i2tw65	156	25	applying	apply	VBG
cord-034205-53i2tw65	156	26	the	the	DT
cord-034205-53i2tw65	156	27	Kindleberger	Kindleberger	NNP
cord-034205-53i2tw65	156	28	-	-	HYPH
cord-034205-53i2tw65	156	29	Minsky	Minsky	NNP
cord-034205-53i2tw65	156	30	model	model	NN
cord-034205-53i2tw65	156	31	to	to	IN
cord-034205-53i2tw65	156	32	the	the	DT
cord-034205-53i2tw65	156	33	football	football	NN
cord-034205-53i2tw65	156	34	market	market	NN
cord-034205-53i2tw65	156	35	.	.	.
cord-034205-53i2tw65	157	1	In	in	IN
cord-034205-53i2tw65	157	2	so	so	RB
cord-034205-53i2tw65	157	3	doing	do	VBG
cord-034205-53i2tw65	157	4	,	,	,
cord-034205-53i2tw65	157	5	we	-PRON-	PRP
cord-034205-53i2tw65	157	6	divide	divide	VBP
cord-034205-53i2tw65	157	7	the	the	DT
cord-034205-53i2tw65	157	8	development	development	NN
cord-034205-53i2tw65	157	9	in	in	IN
cord-034205-53i2tw65	157	10	European	european	JJ
cord-034205-53i2tw65	157	11	football	football	NN
cord-034205-53i2tw65	157	12	into	into	IN
cord-034205-53i2tw65	157	13	the	the	DT
cord-034205-53i2tw65	157	14	first	first	JJ
cord-034205-53i2tw65	157	15	three	three	CD
cord-034205-53i2tw65	157	16	Kindleberger	Kindleberger	NNP
cord-034205-53i2tw65	157	17	-	-	HYPH
cord-034205-53i2tw65	157	18	Minsky	Minsky	NNP
cord-034205-53i2tw65	157	19	stages	stage	NNS
cord-034205-53i2tw65	157	20	(	(	-LRB-
cord-034205-53i2tw65	157	21	i.e.	i.e.	FW
cord-034205-53i2tw65	157	22	,	,	,
cord-034205-53i2tw65	157	23	displacement	displacement	NN
cord-034205-53i2tw65	157	24	,	,	,
cord-034205-53i2tw65	157	25	boom	boom	NN
cord-034205-53i2tw65	157	26	,	,	,
cord-034205-53i2tw65	157	27	euphoria	euphoria	NN
cord-034205-53i2tw65	157	28	)	)	-RRB-
cord-034205-53i2tw65	157	29	.	.	.
cord-034205-53i2tw65	158	1	Based	base	VBN
cord-034205-53i2tw65	158	2	on	on	IN
cord-034205-53i2tw65	158	3	the	the	DT
cord-034205-53i2tw65	158	4	Kindleberger	Kindleberger	NNP
cord-034205-53i2tw65	158	5	-	-	HYPH
cord-034205-53i2tw65	158	6	Minsky	Minsky	NNP
cord-034205-53i2tw65	158	7	model	model	NN
cord-034205-53i2tw65	158	8	,	,	,
cord-034205-53i2tw65	158	9	it	-PRON-	PRP
cord-034205-53i2tw65	158	10	appears	appear	VBZ
cord-034205-53i2tw65	158	11	that	that	IN
cord-034205-53i2tw65	158	12	a	a	DT
cord-034205-53i2tw65	158	13	structural	structural	JJ
cord-034205-53i2tw65	158	14	or	or	CC
cord-034205-53i2tw65	158	15	regulatory	regulatory	JJ
cord-034205-53i2tw65	158	16	change	change	NN
cord-034205-53i2tw65	158	17	in	in	IN
cord-034205-53i2tw65	158	18	the	the	DT
cord-034205-53i2tw65	158	19	market	market	NN
cord-034205-53i2tw65	158	20	opens	open	VBZ
cord-034205-53i2tw65	158	21	or	or	CC
cord-034205-53i2tw65	158	22	creates	create	VBZ
cord-034205-53i2tw65	158	23	new	new	JJ
cord-034205-53i2tw65	158	24	business	business	NN
cord-034205-53i2tw65	158	25	opportunities	opportunity	NNS
cord-034205-53i2tw65	158	26	.	.	.
cord-034205-53i2tw65	159	1	In	in	IN
cord-034205-53i2tw65	159	2	football	football	NN
cord-034205-53i2tw65	159	3	,	,	,
cord-034205-53i2tw65	159	4	the	the	DT
cord-034205-53i2tw65	159	5	development	development	NN
cord-034205-53i2tw65	159	6	within	within	IN
cord-034205-53i2tw65	159	7	the	the	DT
cord-034205-53i2tw65	159	8	last	last	JJ
cord-034205-53i2tw65	159	9	decade	decade	NN
cord-034205-53i2tw65	159	10	can	can	MD
cord-034205-53i2tw65	159	11	be	be	VB
cord-034205-53i2tw65	159	12	traced	trace	VBN
cord-034205-53i2tw65	159	13	to	to	IN
cord-034205-53i2tw65	159	14	three	three	CD
cord-034205-53i2tw65	159	15	main	main	JJ
cord-034205-53i2tw65	159	16	"	"	``
cord-034205-53i2tw65	159	17	exogenous	exogenous	JJ
cord-034205-53i2tw65	159	18	shocks	shock	NNS
cord-034205-53i2tw65	159	19	"	"	''
cord-034205-53i2tw65	159	20	,	,	,
cord-034205-53i2tw65	159	21	besides	besides	IN
cord-034205-53i2tw65	159	22	some	some	DT
cord-034205-53i2tw65	159	23	overarching	overarching	JJ
cord-034205-53i2tw65	159	24	developments	development	NNS
cord-034205-53i2tw65	159	25	.	.	.
cord-034205-53i2tw65	160	1	As	as	IN
cord-034205-53i2tw65	160	2	such	such	JJ
cord-034205-53i2tw65	160	3	,	,	,
cord-034205-53i2tw65	160	4	although	although	IN
cord-034205-53i2tw65	160	5	the	the	DT
cord-034205-53i2tw65	160	6	individual	individual	JJ
cord-034205-53i2tw65	160	7	shocks	shock	NNS
cord-034205-53i2tw65	160	8	did	do	VBD
cord-034205-53i2tw65	160	9	not	not	RB
cord-034205-53i2tw65	160	10	automatically	automatically	RB
cord-034205-53i2tw65	160	11	lead	lead	VB
cord-034205-53i2tw65	160	12	to	to	IN
cord-034205-53i2tw65	160	13	an	an	DT
cord-034205-53i2tw65	160	14	immediate	immediate	JJ
cord-034205-53i2tw65	160	15	jump	jump	NN
cord-034205-53i2tw65	160	16	in	in	IN
cord-034205-53i2tw65	160	17	revenues	revenue	NNS
cord-034205-53i2tw65	160	18	,	,	,
cord-034205-53i2tw65	160	19	the	the	DT
cord-034205-53i2tw65	160	20	changes	change	NNS
cord-034205-53i2tw65	160	21	laid	lay	VBD
cord-034205-53i2tw65	160	22	the	the	DT
cord-034205-53i2tw65	160	23	foundation	foundation	NN
cord-034205-53i2tw65	160	24	for	for	IN
cord-034205-53i2tw65	160	25	recent	recent	JJ
cord-034205-53i2tw65	160	26	-	-	HYPH
cord-034205-53i2tw65	160	27	year	year	NN
cord-034205-53i2tw65	160	28	developments	development	NNS
cord-034205-53i2tw65	160	29	and	and	CC
cord-034205-53i2tw65	160	30	can	can	MD
cord-034205-53i2tw65	160	31	thus	thus	RB
cord-034205-53i2tw65	160	32	be	be	VB
cord-034205-53i2tw65	160	33	considered	consider	VBN
cord-034205-53i2tw65	160	34	"	"	``
cord-034205-53i2tw65	160	35	displacements	displacement	NNS
cord-034205-53i2tw65	160	36	"	"	''
cord-034205-53i2tw65	160	37	in	in	IN
cord-034205-53i2tw65	160	38	the	the	DT
cord-034205-53i2tw65	160	39	sense	sense	NN
cord-034205-53i2tw65	160	40	of	of	IN
cord-034205-53i2tw65	160	41	the	the	DT
cord-034205-53i2tw65	160	42	Kindleberger	Kindleberger	NNP
cord-034205-53i2tw65	160	43	-	-	HYPH
cord-034205-53i2tw65	160	44	Minsky	Minsky	NNP
cord-034205-53i2tw65	160	45	model	model	NN
cord-034205-53i2tw65	160	46	.	.	.
cord-034205-53i2tw65	161	1	While	while	IN
cord-034205-53i2tw65	161	2	revenues	revenue	NNS
cord-034205-53i2tw65	161	3	and	and	CC
cord-034205-53i2tw65	161	4	transfer	transfer	NN
cord-034205-53i2tw65	161	5	fees	fee	NNS
cord-034205-53i2tw65	161	6	in	in	IN
cord-034205-53i2tw65	161	7	European	european	JJ
cord-034205-53i2tw65	161	8	football	football	NN
cord-034205-53i2tw65	161	9	have	have	VBP
cord-034205-53i2tw65	161	10	been	be	VBN
cord-034205-53i2tw65	161	11	growing	grow	VBG
cord-034205-53i2tw65	161	12	for	for	IN
cord-034205-53i2tw65	161	13	several	several	JJ
cord-034205-53i2tw65	161	14	decades	decade	NNS
cord-034205-53i2tw65	161	15	(	(	-LRB-
cord-034205-53i2tw65	161	16	Deloitte	Deloitte	NNP
cord-034205-53i2tw65	161	17	2015	2015	CD
cord-034205-53i2tw65	161	18	,	,	,
cord-034205-53i2tw65	161	19	p.	p.	NN
cord-034205-53i2tw65	161	20	2	2	CD
cord-034205-53i2tw65	161	21	)	)	-RRB-
cord-034205-53i2tw65	161	22	,	,	,
cord-034205-53i2tw65	161	23	the	the	DT
cord-034205-53i2tw65	161	24	past	past	JJ
cord-034205-53i2tw65	161	25	decade	decade	NN
cord-034205-53i2tw65	161	26	(	(	-LRB-
cord-034205-53i2tw65	161	27	especially	especially	RB
cord-034205-53i2tw65	161	28	the	the	DT
cord-034205-53i2tw65	161	29	last	last	JJ
cord-034205-53i2tw65	161	30	5	5	CD
cord-034205-53i2tw65	161	31	years	year	NNS
cord-034205-53i2tw65	161	32	)	)	-RRB-
cord-034205-53i2tw65	161	33	have	have	VBP
cord-034205-53i2tw65	161	34	shown	show	VBN
cord-034205-53i2tw65	161	35	increases	increase	NNS
cord-034205-53i2tw65	161	36	beyond	beyond	IN
cord-034205-53i2tw65	161	37	levels	level	NNS
cord-034205-53i2tw65	161	38	seen	see	VBN
cord-034205-53i2tw65	161	39	in	in	IN
cord-034205-53i2tw65	161	40	previous	previous	JJ
cord-034205-53i2tw65	161	41	decades	decade	NNS
cord-034205-53i2tw65	161	42	.	.	.
cord-034205-53i2tw65	162	1	Because	because	IN
cord-034205-53i2tw65	162	2	these	these	DT
cord-034205-53i2tw65	162	3	recent	recent	JJ
cord-034205-53i2tw65	162	4	changes	change	NNS
cord-034205-53i2tw65	162	5	have	have	VBP
cord-034205-53i2tw65	162	6	triggered	trigger	VBN
cord-034205-53i2tw65	162	7	the	the	DT
cord-034205-53i2tw65	162	8	public	public	JJ
cord-034205-53i2tw65	162	9	discussion	discussion	NN
cord-034205-53i2tw65	162	10	of	of	IN
cord-034205-53i2tw65	162	11	whether	whether	IN
cord-034205-53i2tw65	162	12	there	there	EX
cord-034205-53i2tw65	162	13	is	be	VBZ
cord-034205-53i2tw65	162	14	a	a	DT
cord-034205-53i2tw65	162	15	speculative	speculative	JJ
cord-034205-53i2tw65	162	16	bubble	bubble	NN
cord-034205-53i2tw65	162	17	in	in	IN
cord-034205-53i2tw65	162	18	European	european	JJ
cord-034205-53i2tw65	162	19	football	football	NN
cord-034205-53i2tw65	162	20	,	,	,
cord-034205-53i2tw65	162	21	we	-PRON-	PRP
cord-034205-53i2tw65	162	22	focus	focus	VBP
cord-034205-53i2tw65	162	23	on	on	IN
cord-034205-53i2tw65	162	24	the	the	DT
cord-034205-53i2tw65	162	25	revenue	revenue	NN
cord-034205-53i2tw65	162	26	growth	growth	NN
cord-034205-53i2tw65	162	27	in	in	IN
cord-034205-53i2tw65	162	28	the	the	DT
cord-034205-53i2tw65	162	29	ten	ten	CD
cord-034205-53i2tw65	162	30	most	most	RBS
cord-034205-53i2tw65	162	31	recent	recent	JJ
cord-034205-53i2tw65	162	32	years	year	NNS
cord-034205-53i2tw65	162	33	in	in	IN
cord-034205-53i2tw65	162	34	this	this	DT
cord-034205-53i2tw65	162	35	study	study	NN
cord-034205-53i2tw65	162	36	.	.	.
cord-034205-53i2tw65	163	1	The	the	DT
cord-034205-53i2tw65	163	2	first	first	JJ
cord-034205-53i2tw65	163	3	"	"	``
cord-034205-53i2tw65	163	4	shock	shock	NN
cord-034205-53i2tw65	163	5	"	"	''
cord-034205-53i2tw65	163	6	concerns	concern	VBZ
cord-034205-53i2tw65	163	7	the	the	DT
cord-034205-53i2tw65	163	8	transfer	transfer	NN
cord-034205-53i2tw65	163	9	system	system	NN
cord-034205-53i2tw65	163	10	in	in	IN
cord-034205-53i2tw65	163	11	European	european	JJ
cord-034205-53i2tw65	163	12	football	football	NN
cord-034205-53i2tw65	163	13	.	.	.
cord-034205-53i2tw65	164	1	Although	although	IN
cord-034205-53i2tw65	164	2	they	-PRON-	PRP
cord-034205-53i2tw65	164	3	had	have	VBD
cord-034205-53i2tw65	164	4	only	only	RB
cord-034205-53i2tw65	164	5	an	an	DT
cord-034205-53i2tw65	164	6	indirect	indirect	JJ
cord-034205-53i2tw65	164	7	effect	effect	NN
cord-034205-53i2tw65	164	8	on	on	IN
cord-034205-53i2tw65	164	9	today	today	NN
cord-034205-53i2tw65	164	10	's	's	POS
cord-034205-53i2tw65	164	11	growth	growth	NN
cord-034205-53i2tw65	164	12	in	in	IN
cord-034205-53i2tw65	164	13	transfer	transfer	NN
cord-034205-53i2tw65	164	14	fees	fee	NNS
cord-034205-53i2tw65	164	15	,	,	,
cord-034205-53i2tw65	164	16	the	the	DT
cord-034205-53i2tw65	164	17	regulatory	regulatory	JJ
cord-034205-53i2tw65	164	18	changes	change	NNS
cord-034205-53i2tw65	164	19	regarding	regard	VBG
cord-034205-53i2tw65	164	20	the	the	DT
cord-034205-53i2tw65	164	21	transfer	transfer	NN
cord-034205-53i2tw65	164	22	system	system	NN
cord-034205-53i2tw65	164	23	laid	lay	VBD
cord-034205-53i2tw65	164	24	the	the	DT
cord-034205-53i2tw65	164	25	foundation	foundation	NN
cord-034205-53i2tw65	164	26	for	for	IN
cord-034205-53i2tw65	164	27	today	today	NN
cord-034205-53i2tw65	164	28	's	's	POS
cord-034205-53i2tw65	164	29	trading	trading	NN
cord-034205-53i2tw65	164	30	of	of	IN
cord-034205-53i2tw65	164	31	player	player	NN
cord-034205-53i2tw65	164	32	registrations	registration	NNS
cord-034205-53i2tw65	164	33	.	.	.
cord-034205-53i2tw65	165	1	Starting	start	VBG
cord-034205-53i2tw65	165	2	with	with	IN
cord-034205-53i2tw65	165	3	the	the	DT
cord-034205-53i2tw65	165	4	Bosman	Bosman	NNP
cord-034205-53i2tw65	165	5	ruling	ruling	NN
cord-034205-53i2tw65	165	6	in	in	IN
cord-034205-53i2tw65	165	7	1995	1995	CD
cord-034205-53i2tw65	165	8	,	,	,
cord-034205-53i2tw65	165	9	players	player	NNS
cord-034205-53i2tw65	165	10	whose	whose	WP$
cord-034205-53i2tw65	165	11	contracts	contract	NNS
cord-034205-53i2tw65	165	12	had	have	VBD
cord-034205-53i2tw65	165	13	expired	expire	VBN
cord-034205-53i2tw65	165	14	were	be	VBD
cord-034205-53i2tw65	165	15	allowed	allow	VBN
cord-034205-53i2tw65	165	16	to	to	TO
cord-034205-53i2tw65	165	17	move	move	VB
cord-034205-53i2tw65	165	18	to	to	IN
cord-034205-53i2tw65	165	19	a	a	DT
cord-034205-53i2tw65	165	20	new	new	JJ
cord-034205-53i2tw65	165	21	club	club	NN
cord-034205-53i2tw65	165	22	without	without	IN
cord-034205-53i2tw65	165	23	the	the	DT
cord-034205-53i2tw65	165	24	previous	previous	JJ
cord-034205-53i2tw65	165	25	club	club	NN
cord-034205-53i2tw65	165	26	being	be	VBG
cord-034205-53i2tw65	165	27	compensated	compensate	VBN
cord-034205-53i2tw65	165	28	by	by	IN
cord-034205-53i2tw65	165	29	a	a	DT
cord-034205-53i2tw65	165	30	transfer	transfer	NN
cord-034205-53i2tw65	165	31	fee	fee	NN
cord-034205-53i2tw65	165	32	(	(	-LRB-
cord-034205-53i2tw65	165	33	Büch	Büch	NNP
cord-034205-53i2tw65	165	34	1998	1998	CD
cord-034205-53i2tw65	165	35	;	;	:
cord-034205-53i2tw65	165	36	Feess	Feess	NNP
cord-034205-53i2tw65	165	37	and	and	CC
cord-034205-53i2tw65	165	38	Muehlheusser	Muehlheusser	NNP
cord-034205-53i2tw65	165	39	2003	2003	CD
cord-034205-53i2tw65	165	40	)	)	-RRB-
cord-034205-53i2tw65	165	41	.	.	.
cord-034205-53i2tw65	166	1	This	this	DT
cord-034205-53i2tw65	166	2	change	change	NN
cord-034205-53i2tw65	166	3	,	,	,
cord-034205-53i2tw65	166	4	representing	represent	VBG
cord-034205-53i2tw65	166	5	the	the	DT
cord-034205-53i2tw65	166	6	first	first	JJ
cord-034205-53i2tw65	166	7	liberalization	liberalization	NN
cord-034205-53i2tw65	166	8	of	of	IN
cord-034205-53i2tw65	166	9	the	the	DT
cord-034205-53i2tw65	166	10	football	football	NN
cord-034205-53i2tw65	166	11	labor	labor	NN
cord-034205-53i2tw65	166	12	market	market	NN
cord-034205-53i2tw65	166	13	,	,	,
cord-034205-53i2tw65	166	14	was	be	VBD
cord-034205-53i2tw65	166	15	followed	follow	VBN
cord-034205-53i2tw65	166	16	by	by	IN
cord-034205-53i2tw65	166	17	the	the	DT
cord-034205-53i2tw65	166	18	Monti	Monti	NNP
cord-034205-53i2tw65	166	19	system	system	NN
cord-034205-53i2tw65	166	20	in	in	IN
cord-034205-53i2tw65	166	21	2001	2001	CD
cord-034205-53i2tw65	166	22	(	(	-LRB-
cord-034205-53i2tw65	166	23	as	as	RB
cord-034205-53i2tw65	166	24	well	well	RB
cord-034205-53i2tw65	166	25	as	as	IN
cord-034205-53i2tw65	166	26	by	by	IN
cord-034205-53i2tw65	166	27	later	later	JJ
cord-034205-53i2tw65	166	28	adjustments	adjustment	NNS
cord-034205-53i2tw65	166	29	)	)	-RRB-
cord-034205-53i2tw65	166	30	,	,	,
cord-034205-53i2tw65	166	31	which	which	WDT
cord-034205-53i2tw65	166	32	set	set	VBD
cord-034205-53i2tw65	166	33	the	the	DT
cord-034205-53i2tw65	166	34	contract	contract	NN
cord-034205-53i2tw65	166	35	duration	duration	NN
cord-034205-53i2tw65	166	36	to	to	IN
cord-034205-53i2tw65	166	37	a	a	DT
cord-034205-53i2tw65	166	38	maximum	maximum	NN
cord-034205-53i2tw65	166	39	of	of	IN
cord-034205-53i2tw65	166	40	5	5	CD
cord-034205-53i2tw65	166	41	years	year	NNS
cord-034205-53i2tw65	166	42	.	.	.
cord-034205-53i2tw65	167	1	In	in	IN
cord-034205-53i2tw65	167	2	2002	2002	CD
cord-034205-53i2tw65	167	3	,	,	,
cord-034205-53i2tw65	167	4	the	the	DT
cord-034205-53i2tw65	167	5	UEFA	UEFA	NNP
cord-034205-53i2tw65	167	6	limited	limit	VBN
cord-034205-53i2tw65	167	7	transfers	transfer	NNS
cord-034205-53i2tw65	167	8	to	to	IN
cord-034205-53i2tw65	167	9	two	two	CD
cord-034205-53i2tw65	167	10	transfer	transfer	NN
cord-034205-53i2tw65	167	11	periods	period	NNS
cord-034205-53i2tw65	167	12	-	-	HYPH
cord-034205-53i2tw65	167	13	one	one	CD
cord-034205-53i2tw65	167	14	in	in	IN
cord-034205-53i2tw65	167	15	the	the	DT
cord-034205-53i2tw65	167	16	summer	summer	NN
cord-034205-53i2tw65	167	17	and	and	CC
cord-034205-53i2tw65	167	18	one	one	CD
cord-034205-53i2tw65	167	19	in	in	IN
cord-034205-53i2tw65	167	20	the	the	DT
cord-034205-53i2tw65	167	21	winter	winter	NN
cord-034205-53i2tw65	167	22	(	(	-LRB-
cord-034205-53i2tw65	167	23	Warshaw	Warshaw	NNP
cord-034205-53i2tw65	167	24	2002	2002	CD
cord-034205-53i2tw65	167	25	)	)	-RRB-
cord-034205-53i2tw65	167	26	.	.	.
cord-034205-53i2tw65	168	1	A	a	DT
cord-034205-53i2tw65	168	2	second	second	JJ
cord-034205-53i2tw65	168	3	regulatory	regulatory	JJ
cord-034205-53i2tw65	168	4	intervention	intervention	NN
cord-034205-53i2tw65	168	5	,	,	,
cord-034205-53i2tw65	168	6	driven	drive	VBN
cord-034205-53i2tw65	168	7	by	by	IN
cord-034205-53i2tw65	168	8	a	a	DT
cord-034205-53i2tw65	168	9	government	government	NN
cord-034205-53i2tw65	168	10	investigation	investigation	NN
cord-034205-53i2tw65	168	11	,	,	,
cord-034205-53i2tw65	168	12	changed	change	VBD
cord-034205-53i2tw65	168	13	the	the	DT
cord-034205-53i2tw65	168	14	bidding	bidding	NN
cord-034205-53i2tw65	168	15	process	process	NN
cord-034205-53i2tw65	168	16	for	for	IN
cord-034205-53i2tw65	168	17	(	(	-LRB-
cord-034205-53i2tw65	168	18	domestic	domestic	JJ
cord-034205-53i2tw65	168	19	)	)	-RRB-
cord-034205-53i2tw65	168	20	live	live	JJ
cord-034205-53i2tw65	168	21	TV	tv	NN
cord-034205-53i2tw65	168	22	broadcasting	broadcasting	NN
cord-034205-53i2tw65	168	23	rights	right	NNS
cord-034205-53i2tw65	168	24	in	in	IN
cord-034205-53i2tw65	168	25	Europe	Europe	NNP
cord-034205-53i2tw65	168	26	.	.	.
cord-034205-53i2tw65	169	1	Besides	besides	IN
cord-034205-53i2tw65	169	2	limiting	limit	VBG
cord-034205-53i2tw65	169	3	the	the	DT
cord-034205-53i2tw65	169	4	duration	duration	NN
cord-034205-53i2tw65	169	5	of	of	IN
cord-034205-53i2tw65	169	6	TV	tv	NN
cord-034205-53i2tw65	169	7	broadcasting	broadcasting	NN
cord-034205-53i2tw65	169	8	contracts	contract	NNS
cord-034205-53i2tw65	169	9	to	to	IN
cord-034205-53i2tw65	169	10	3	3	CD
cord-034205-53i2tw65	169	11	years	year	NNS
cord-034205-53i2tw65	169	12	in	in	IN
cord-034205-53i2tw65	169	13	the	the	DT
cord-034205-53i2tw65	169	14	United	United	NNP
cord-034205-53i2tw65	169	15	Kingdom	Kingdom	NNP
cord-034205-53i2tw65	169	16	,	,	,
cord-034205-53i2tw65	169	17	the	the	DT
cord-034205-53i2tw65	169	18	"	"	``
cord-034205-53i2tw65	169	19	No	no	DT
cord-034205-53i2tw65	169	20	-	-	HYPH
cord-034205-53i2tw65	169	21	Single	single	JJ
cord-034205-53i2tw65	169	22	-	-	HYPH
cord-034205-53i2tw65	169	23	Buyer	Buyer	NNP
cord-034205-53i2tw65	169	24	-	-	HYPH
cord-034205-53i2tw65	169	25	Rule	Rule	NNP
cord-034205-53i2tw65	169	26	"	"	''
cord-034205-53i2tw65	169	27	came	come	VBD
cord-034205-53i2tw65	169	28	into	into	IN
cord-034205-53i2tw65	169	29	effect	effect	NN
cord-034205-53i2tw65	169	30	starting	start	VBG
cord-034205-53i2tw65	169	31	with	with	IN
cord-034205-53i2tw65	169	32	the	the	DT
cord-034205-53i2tw65	169	33	sale	sale	NN
cord-034205-53i2tw65	169	34	of	of	IN
cord-034205-53i2tw65	169	35	TV	tv	NN
cord-034205-53i2tw65	169	36	rights	right	NNS
cord-034205-53i2tw65	169	37	for	for	IN
cord-034205-53i2tw65	169	38	the	the	DT
cord-034205-53i2tw65	169	39	2007/2008	2007/2008	CD
cord-034205-53i2tw65	169	40	-	-	SYM
cord-034205-53i2tw65	169	41	2009/2010	2009/2010	CD
cord-034205-53i2tw65	169	42	seasons	season	NNS
cord-034205-53i2tw65	169	43	in	in	IN
cord-034205-53i2tw65	169	44	the	the	DT
cord-034205-53i2tw65	169	45	English	English	NNP
cord-034205-53i2tw65	169	46	Premier	Premier	NNP
cord-034205-53i2tw65	169	47	League	League	NNP
cord-034205-53i2tw65	169	48	.	.	.
cord-034205-53i2tw65	170	1	The	the	DT
cord-034205-53i2tw65	170	2	intention	intention	NN
cord-034205-53i2tw65	170	3	of	of	IN
cord-034205-53i2tw65	170	4	the	the	DT
cord-034205-53i2tw65	170	5	rule	rule	NN
cord-034205-53i2tw65	170	6	was	be	VBD
cord-034205-53i2tw65	170	7	to	to	TO
cord-034205-53i2tw65	170	8	ensure	ensure	VB
cord-034205-53i2tw65	170	9	fair	fair	JJ
cord-034205-53i2tw65	170	10	competition	competition	NN
cord-034205-53i2tw65	170	11	in	in	IN
cord-034205-53i2tw65	170	12	the	the	DT
cord-034205-53i2tw65	170	13	football	football	NN
cord-034205-53i2tw65	170	14	broadcasting	broadcasting	NN
cord-034205-53i2tw65	170	15	rights	right	NNS
cord-034205-53i2tw65	170	16	market	market	NN
cord-034205-53i2tw65	170	17	by	by	IN
cord-034205-53i2tw65	170	18	guaranteeing	guarantee	VBG
cord-034205-53i2tw65	170	19	the	the	DT
cord-034205-53i2tw65	170	20	sale	sale	NN
cord-034205-53i2tw65	170	21	of	of	IN
cord-034205-53i2tw65	170	22	live	live	JJ
cord-034205-53i2tw65	170	23	packages	package	NNS
cord-034205-53i2tw65	170	24	to	to	IN
cord-034205-53i2tw65	170	25	more	more	JJR
cord-034205-53i2tw65	170	26	than	than	IN
cord-034205-53i2tw65	170	27	one	one	CD
cord-034205-53i2tw65	170	28	bidder	bidder	NN
cord-034205-53i2tw65	170	29	(	(	-LRB-
cord-034205-53i2tw65	170	30	Connolly	Connolly	NNP
cord-034205-53i2tw65	170	31	2018	2018	CD
cord-034205-53i2tw65	170	32	)	)	-RRB-
cord-034205-53i2tw65	170	33	.	.	.
cord-034205-53i2tw65	171	1	The	the	DT
cord-034205-53i2tw65	171	2	entry	entry	NN
cord-034205-53i2tw65	171	3	of	of	IN
cord-034205-53i2tw65	171	4	(	(	-LRB-
cord-034205-53i2tw65	171	5	foreign	foreign	JJ
cord-034205-53i2tw65	171	6	)	)	-RRB-
cord-034205-53i2tw65	171	7	private	private	JJ
cord-034205-53i2tw65	171	8	financial	financial	JJ
cord-034205-53i2tw65	171	9	investors	investor	NNS
cord-034205-53i2tw65	171	10	,	,	,
cord-034205-53i2tw65	171	11	as	as	IN
cord-034205-53i2tw65	171	12	the	the	DT
cord-034205-53i2tw65	171	13	third	third	JJ
cord-034205-53i2tw65	171	14	"	"	``
cord-034205-53i2tw65	171	15	shock	shock	NN
cord-034205-53i2tw65	171	16	"	"	''
cord-034205-53i2tw65	171	17	,	,	,
cord-034205-53i2tw65	171	18	started	start	VBD
cord-034205-53i2tw65	171	19	in	in	IN
cord-034205-53i2tw65	171	20	1997	1997	CD
cord-034205-53i2tw65	171	21	with	with	IN
cord-034205-53i2tw65	171	22	Mohamed	Mohamed	NNP
cord-034205-53i2tw65	171	23	al	al	NNP
cord-034205-53i2tw65	171	24	-	-	HYPH
cord-034205-53i2tw65	171	25	Fayed	Fayed	NNP
cord-034205-53i2tw65	171	26	taking	take	VBG
cord-034205-53i2tw65	171	27	over	over	RP
cord-034205-53i2tw65	171	28	FC	FC	NNP
cord-034205-53i2tw65	171	29	Fulham	Fulham	NNP
cord-034205-53i2tw65	171	30	.	.	.
cord-034205-53i2tw65	172	1	The	the	DT
cord-034205-53i2tw65	172	2	actual	actual	JJ
cord-034205-53i2tw65	172	3	starting	starting	NN
cord-034205-53i2tw65	172	4	point	point	NN
cord-034205-53i2tw65	172	5	of	of	IN
cord-034205-53i2tw65	172	6	an	an	DT
cord-034205-53i2tw65	172	7	increased	increase	VBN
cord-034205-53i2tw65	172	8	number	number	NN
cord-034205-53i2tw65	172	9	of	of	IN
cord-034205-53i2tw65	172	10	(	(	-LRB-
cord-034205-53i2tw65	172	11	foreign	foreign	JJ
cord-034205-53i2tw65	172	12	)	)	-RRB-
cord-034205-53i2tw65	172	13	financial	financial	JJ
cord-034205-53i2tw65	172	14	investors	investor	NNS
cord-034205-53i2tw65	172	15	,	,	,
cord-034205-53i2tw65	172	16	however	however	RB
cord-034205-53i2tw65	172	17	,	,	,
cord-034205-53i2tw65	172	18	was	be	VBD
cord-034205-53i2tw65	172	19	the	the	DT
cord-034205-53i2tw65	172	20	entry	entry	NN
cord-034205-53i2tw65	172	21	of	of	IN
cord-034205-53i2tw65	172	22	Roman	Roman	NNP
cord-034205-53i2tw65	172	23	Abramovich	Abramovich	NNP
cord-034205-53i2tw65	172	24	in	in	IN
cord-034205-53i2tw65	172	25	2003	2003	CD
cord-034205-53i2tw65	172	26	at	at	IN
cord-034205-53i2tw65	172	27	Chelsea	Chelsea	NNP
cord-034205-53i2tw65	172	28	London	London	NNP
cord-034205-53i2tw65	172	29	.	.	.
cord-034205-53i2tw65	173	1	Following	follow	VBG
cord-034205-53i2tw65	173	2	this	this	DT
cord-034205-53i2tw65	173	3	prominent	prominent	JJ
cord-034205-53i2tw65	173	4	example	example	NN
cord-034205-53i2tw65	173	5	,	,	,
cord-034205-53i2tw65	173	6	European	european	JJ
cord-034205-53i2tw65	173	7	football	football	NN
cord-034205-53i2tw65	173	8	has	have	VBZ
cord-034205-53i2tw65	173	9	seen	see	VBN
cord-034205-53i2tw65	173	10	an	an	DT
cord-034205-53i2tw65	173	11	increasing	increase	VBG
cord-034205-53i2tw65	173	12	number	number	NN
cord-034205-53i2tw65	173	13	of	of	IN
cord-034205-53i2tw65	173	14	non	non	JJ
cord-034205-53i2tw65	173	15	-	-	JJ
cord-034205-53i2tw65	173	16	European	european	JJ
cord-034205-53i2tw65	173	17	investors	investor	NNS
cord-034205-53i2tw65	173	18	taking	take	VBG
cord-034205-53i2tw65	173	19	over	over	RP
cord-034205-53i2tw65	173	20	football	football	NN
cord-034205-53i2tw65	173	21	clubs	club	NNS
cord-034205-53i2tw65	173	22	(	(	-LRB-
cord-034205-53i2tw65	173	23	Rohde	Rohde	NNP
cord-034205-53i2tw65	173	24	and	and	CC
cord-034205-53i2tw65	173	25	Breuer	Breuer	NNP
cord-034205-53i2tw65	173	26	2016	2016	CD
cord-034205-53i2tw65	173	27	)	)	-RRB-
cord-034205-53i2tw65	173	28	.	.	.
cord-034205-53i2tw65	174	1	Despite	despite	IN
cord-034205-53i2tw65	174	2	different	different	JJ
cord-034205-53i2tw65	174	3	investor	investor	NN
cord-034205-53i2tw65	174	4	types	type	NNS
cord-034205-53i2tw65	174	5	and	and	CC
cord-034205-53i2tw65	174	6	motives	motive	NNS
cord-034205-53i2tw65	174	7	,	,	,
cord-034205-53i2tw65	174	8	it	-PRON-	PRP
cord-034205-53i2tw65	174	9	appears	appear	VBZ
cord-034205-53i2tw65	174	10	that	that	IN
cord-034205-53i2tw65	174	11	media	media	NN
cord-034205-53i2tw65	174	12	-	-	HYPH
cord-034205-53i2tw65	174	13	attracting	attract	VBG
cord-034205-53i2tw65	174	14	examples	example	NNS
cord-034205-53i2tw65	174	15	such	such	JJ
cord-034205-53i2tw65	174	16	as	as	IN
cord-034205-53i2tw65	174	17	Paris	Paris	NNP
cord-034205-53i2tw65	174	18	Saint	Saint	NNP
cord-034205-53i2tw65	174	19	-	-	HYPH
cord-034205-53i2tw65	174	20	Germain	Germain	NNP
cord-034205-53i2tw65	174	21	and	and	CC
cord-034205-53i2tw65	174	22	Manchester	Manchester	NNP
cord-034205-53i2tw65	174	23	City	City	NNP
cord-034205-53i2tw65	174	24	have	have	VBP
cord-034205-53i2tw65	174	25	had	have	VBN
cord-034205-53i2tw65	174	26	a	a	DT
cord-034205-53i2tw65	174	27	considerable	considerable	JJ
cord-034205-53i2tw65	174	28	impact	impact	NN
cord-034205-53i2tw65	174	29	on	on	IN
cord-034205-53i2tw65	174	30	the	the	DT
cord-034205-53i2tw65	174	31	economic	economic	JJ
cord-034205-53i2tw65	174	32	development	development	NN
cord-034205-53i2tw65	174	33	of	of	IN
cord-034205-53i2tw65	174	34	European	european	JJ
cord-034205-53i2tw65	174	35	football	football	NN
cord-034205-53i2tw65	174	36	.	.	.
cord-034205-53i2tw65	175	1	As	as	IN
cord-034205-53i2tw65	175	2	a	a	DT
cord-034205-53i2tw65	175	3	consequence	consequence	NN
cord-034205-53i2tw65	175	4	of	of	IN
cord-034205-53i2tw65	175	5	these	these	DT
cord-034205-53i2tw65	175	6	displacements	displacement	NNS
cord-034205-53i2tw65	175	7	,	,	,
cord-034205-53i2tw65	175	8	more	more	JJR
cord-034205-53i2tw65	175	9	money	money	NN
cord-034205-53i2tw65	175	10	than	than	IN
cord-034205-53i2tw65	175	11	ever	ever	RB
cord-034205-53i2tw65	175	12	began	begin	VBD
cord-034205-53i2tw65	175	13	to	to	TO
cord-034205-53i2tw65	175	14	flow	flow	VB
cord-034205-53i2tw65	175	15	into	into	IN
cord-034205-53i2tw65	175	16	the	the	DT
cord-034205-53i2tw65	175	17	market	market	NN
cord-034205-53i2tw65	175	18	that	that	WDT
cord-034205-53i2tw65	175	19	the	the	DT
cord-034205-53i2tw65	175	20	clubs	club	NNS
cord-034205-53i2tw65	175	21	could	could	MD
cord-034205-53i2tw65	175	22	spend	spend	VB
cord-034205-53i2tw65	175	23	for	for	IN
cord-034205-53i2tw65	175	24	example	example	NN
cord-034205-53i2tw65	175	25	on	on	IN
cord-034205-53i2tw65	175	26	player	player	NN
cord-034205-53i2tw65	175	27	transfers	transfer	NNS
cord-034205-53i2tw65	175	28	;	;	:
cord-034205-53i2tw65	175	29	these	these	DT
cord-034205-53i2tw65	175	30	inflows	inflow	NNS
cord-034205-53i2tw65	175	31	primarily	primarily	RB
cord-034205-53i2tw65	175	32	comprised	comprise	VBD
cord-034205-53i2tw65	175	33	broadcasting	broadcasting	NN
cord-034205-53i2tw65	175	34	revenues	revenue	NNS
cord-034205-53i2tw65	175	35	and	and	CC
cord-034205-53i2tw65	175	36	money	money	NN
cord-034205-53i2tw65	175	37	injections	injection	NNS
cord-034205-53i2tw65	175	38	by	by	IN
cord-034205-53i2tw65	175	39	financial	financial	JJ
cord-034205-53i2tw65	175	40	investors	investor	NNS
cord-034205-53i2tw65	175	41	.	.	.
cord-034205-53i2tw65	176	1	To	to	TO
cord-034205-53i2tw65	176	2	understand	understand	VB
cord-034205-53i2tw65	176	3	the	the	DT
cord-034205-53i2tw65	176	4	drivers	driver	NNS
cord-034205-53i2tw65	176	5	of	of	IN
cord-034205-53i2tw65	176	6	rising	rise	VBG
cord-034205-53i2tw65	176	7	cash	cash	NN
cord-034205-53i2tw65	176	8	inflows	inflow	NNS
cord-034205-53i2tw65	176	9	,	,	,
cord-034205-53i2tw65	176	10	we	-PRON-	PRP
cord-034205-53i2tw65	176	11	now	now	RB
cord-034205-53i2tw65	176	12	examine	examine	VBP
cord-034205-53i2tw65	176	13	the	the	DT
cord-034205-53i2tw65	176	14	economic	economic	JJ
cord-034205-53i2tw65	176	15	processes	process	NNS
cord-034205-53i2tw65	176	16	behind	behind	IN
cord-034205-53i2tw65	176	17	the	the	DT
cord-034205-53i2tw65	176	18	boom	boom	NN
cord-034205-53i2tw65	176	19	phase	phase	NN
cord-034205-53i2tw65	176	20	.	.	.
cord-034205-53i2tw65	177	1	By	by	IN
cord-034205-53i2tw65	177	2	evaluating	evaluate	VBG
cord-034205-53i2tw65	177	3	the	the	DT
cord-034205-53i2tw65	177	4	increase	increase	NN
cord-034205-53i2tw65	177	5	in	in	IN
cord-034205-53i2tw65	177	6	TV	tv	NN
cord-034205-53i2tw65	177	7	broadcasting	broadcasting	NN
cord-034205-53i2tw65	177	8	revenue	revenue	NN
cord-034205-53i2tw65	177	9	,	,	,
cord-034205-53i2tw65	177	10	we	-PRON-	PRP
cord-034205-53i2tw65	177	11	find	find	VBP
cord-034205-53i2tw65	177	12	that	that	IN
cord-034205-53i2tw65	177	13	on	on	IN
cord-034205-53i2tw65	177	14	both	both	CC
cord-034205-53i2tw65	177	15	the	the	DT
cord-034205-53i2tw65	177	16	demand	demand	NN
cord-034205-53i2tw65	177	17	and	and	CC
cord-034205-53i2tw65	177	18	supply	supply	NN
cord-034205-53i2tw65	177	19	sides	side	NNS
cord-034205-53i2tw65	177	20	,	,	,
cord-034205-53i2tw65	177	21	some	some	DT
cord-034205-53i2tw65	177	22	changes	change	NNS
cord-034205-53i2tw65	177	23	occurred	occur	VBD
cord-034205-53i2tw65	177	24	based	base	VBN
cord-034205-53i2tw65	177	25	on	on	IN
cord-034205-53i2tw65	177	26	the	the	DT
cord-034205-53i2tw65	177	27	regulatory	regulatory	JJ
cord-034205-53i2tw65	177	28	changes	change	NNS
cord-034205-53i2tw65	177	29	.	.	.
cord-034205-53i2tw65	178	1	We	-PRON-	PRP
cord-034205-53i2tw65	178	2	illustrate	illustrate	VBP
cord-034205-53i2tw65	178	3	the	the	DT
cord-034205-53i2tw65	178	4	rise	rise	NN
cord-034205-53i2tw65	178	5	by	by	IN
cord-034205-53i2tw65	178	6	focusing	focus	VBG
cord-034205-53i2tw65	178	7	on	on	IN
cord-034205-53i2tw65	178	8	the	the	DT
cord-034205-53i2tw65	178	9	English	English	NNP
cord-034205-53i2tw65	178	10	Premier	Premier	NNP
cord-034205-53i2tw65	178	11	League	League	NNP
cord-034205-53i2tw65	178	12	,	,	,
cord-034205-53i2tw65	178	13	as	as	IN
cord-034205-53i2tw65	178	14	the	the	DT
cord-034205-53i2tw65	178	15	most	most	RBS
cord-034205-53i2tw65	178	16	prominent	prominent	JJ
cord-034205-53i2tw65	178	17	example	example	NN
cord-034205-53i2tw65	178	18	.	.	.
cord-034205-53i2tw65	179	1	However	however	RB
cord-034205-53i2tw65	179	2	,	,	,
cord-034205-53i2tw65	179	3	other	other	JJ
cord-034205-53i2tw65	179	4	leagues	league	NNS
cord-034205-53i2tw65	179	5	-	-	,
cord-034205-53i2tw65	179	6	such	such	JJ
cord-034205-53i2tw65	179	7	as	as	IN
cord-034205-53i2tw65	179	8	the	the	DT
cord-034205-53i2tw65	179	9	German	german	JJ
cord-034205-53i2tw65	179	10	Bundesliga	Bundesliga	NNP
cord-034205-53i2tw65	179	11	-	-	,
cord-034205-53i2tw65	179	12	have	have	VBP
cord-034205-53i2tw65	179	13	shown	show	VBN
cord-034205-53i2tw65	179	14	similar	similar	JJ
cord-034205-53i2tw65	179	15	trends	trend	NNS
cord-034205-53i2tw65	179	16	(	(	-LRB-
cord-034205-53i2tw65	179	17	albeit	albeit	IN
cord-034205-53i2tw65	179	18	to	to	IN
cord-034205-53i2tw65	179	19	a	a	DT
cord-034205-53i2tw65	179	20	lesser	less	JJR
cord-034205-53i2tw65	179	21	degree	degree	NN
cord-034205-53i2tw65	179	22	)	)	-RRB-
cord-034205-53i2tw65	179	23	and	and	CC
cord-034205-53i2tw65	179	24	comparable	comparable	JJ
cord-034205-53i2tw65	179	25	underlying	underlie	VBG
cord-034205-53i2tw65	179	26	reasons	reason	NNS
cord-034205-53i2tw65	179	27	for	for	IN
cord-034205-53i2tw65	179	28	the	the	DT
cord-034205-53i2tw65	179	29	increase	increase	NN
cord-034205-53i2tw65	179	30	(	(	-LRB-
cord-034205-53i2tw65	179	31	despite	despite	IN
cord-034205-53i2tw65	179	32	some	some	DT
cord-034205-53i2tw65	179	33	local	local	JJ
cord-034205-53i2tw65	179	34	peculiarities	peculiarity	NNS
cord-034205-53i2tw65	179	35	and	and	CC
cord-034205-53i2tw65	179	36	different	different	JJ
cord-034205-53i2tw65	179	37	starting	starting	NN
cord-034205-53i2tw65	179	38	points	point	NNS
cord-034205-53i2tw65	179	39	)	)	-RRB-
cord-034205-53i2tw65	179	40	.	.	.
cord-034205-53i2tw65	180	1	As	as	IN
cord-034205-53i2tw65	180	2	described	describe	VBN
cord-034205-53i2tw65	180	3	,	,	,
cord-034205-53i2tw65	180	4	one	one	CD
cord-034205-53i2tw65	180	5	major	major	JJ
cord-034205-53i2tw65	180	6	driver	driver	NN
cord-034205-53i2tw65	180	7	in	in	IN
cord-034205-53i2tw65	180	8	the	the	DT
cord-034205-53i2tw65	180	9	increase	increase	NN
cord-034205-53i2tw65	180	10	in	in	IN
cord-034205-53i2tw65	180	11	domestic	domestic	JJ
cord-034205-53i2tw65	180	12	and	and	CC
cord-034205-53i2tw65	180	13	international	international	JJ
cord-034205-53i2tw65	180	14	broadcasting	broadcasting	NN
cord-034205-53i2tw65	180	15	income	income	NN
cord-034205-53i2tw65	180	16	(	(	-LRB-
cord-034205-53i2tw65	180	17	Fig	Fig	NNP
cord-034205-53i2tw65	180	18	.	.	.
cord-034205-53i2tw65	180	19	3	3	LS
cord-034205-53i2tw65	180	20	)	)	-RRB-
cord-034205-53i2tw65	180	21	has	have	VBZ
cord-034205-53i2tw65	180	22	been	be	VBN
cord-034205-53i2tw65	180	23	intensified	intensify	VBN
cord-034205-53i2tw65	180	24	competition	competition	NN
cord-034205-53i2tw65	180	25	in	in	IN
cord-034205-53i2tw65	180	26	the	the	DT
cord-034205-53i2tw65	180	27	bidding	bidding	NN
cord-034205-53i2tw65	180	28	process	process	NN
cord-034205-53i2tw65	180	29	.	.	.
cord-034205-53i2tw65	181	1	The	the	DT
cord-034205-53i2tw65	181	2	joint	joint	JJ
cord-034205-53i2tw65	181	3	selling	selling	NN
cord-034205-53i2tw65	181	4	approach	approach	NN
cord-034205-53i2tw65	181	5	to	to	IN
cord-034205-53i2tw65	181	6	the	the	DT
cord-034205-53i2tw65	181	7	sale	sale	NN
cord-034205-53i2tw65	181	8	of	of	IN
cord-034205-53i2tw65	181	9	broadcasting	broadcasting	NN
cord-034205-53i2tw65	181	10	rights	right	NNS
cord-034205-53i2tw65	181	11	seen	see	VBN
cord-034205-53i2tw65	181	12	in	in	IN
cord-034205-53i2tw65	181	13	most	most	JJS
cord-034205-53i2tw65	181	14	leagues	league	NNS
cord-034205-53i2tw65	181	15	-	-	:
cord-034205-53i2tw65	181	16	in	in	IN
cord-034205-53i2tw65	181	17	which	which	WDT
cord-034205-53i2tw65	181	18	there	there	EX
cord-034205-53i2tw65	181	19	is	be	VBZ
cord-034205-53i2tw65	181	20	only	only	RB
cord-034205-53i2tw65	181	21	one	one	CD
cord-034205-53i2tw65	181	22	seller	seller	NN
cord-034205-53i2tw65	181	23	(	(	-LRB-
cord-034205-53i2tw65	181	24	i.e.	i.e.	FW
cord-034205-53i2tw65	181	25	,	,	,
cord-034205-53i2tw65	181	26	the	the	DT
cord-034205-53i2tw65	181	27	respective	respective	JJ
cord-034205-53i2tw65	181	28	league)-prompted	league)-prompted	NNP
cord-034205-53i2tw65	181	29	regulatory	regulatory	JJ
cord-034205-53i2tw65	181	30	intervention	intervention	NN
cord-034205-53i2tw65	181	31	that	that	WDT
cord-034205-53i2tw65	181	32	sought	seek	VBD
cord-034205-53i2tw65	181	33	to	to	TO
cord-034205-53i2tw65	181	34	prevent	prevent	VB
cord-034205-53i2tw65	181	35	collusion	collusion	NN
cord-034205-53i2tw65	181	36	and	and	CC
cord-034205-53i2tw65	181	37	ensure	ensure	VB
cord-034205-53i2tw65	181	38	innovation	innovation	NN
cord-034205-53i2tw65	181	39	as	as	RB
cord-034205-53i2tw65	181	40	well	well	RB
cord-034205-53i2tw65	181	41	as	as	IN
cord-034205-53i2tw65	181	42	a	a	DT
cord-034205-53i2tw65	181	43	fair	fair	JJ
cord-034205-53i2tw65	181	44	and	and	CC
cord-034205-53i2tw65	181	45	competitive	competitive	JJ
cord-034205-53i2tw65	181	46	bidding	bidding	NN
cord-034205-53i2tw65	181	47	process	process	NN
cord-034205-53i2tw65	181	48	in	in	IN
cord-034205-53i2tw65	181	49	the	the	DT
cord-034205-53i2tw65	181	50	upstream	upstream	JJ
cord-034205-53i2tw65	181	51	market	market	NN
cord-034205-53i2tw65	181	52	of	of	IN
cord-034205-53i2tw65	181	53	TV	tv	NN
cord-034205-53i2tw65	181	54	broadcasting	broadcasting	NN
cord-034205-53i2tw65	181	55	rights	right	NNS
cord-034205-53i2tw65	181	56	.	.	.
cord-034205-53i2tw65	182	1	Following	follow	VBG
cord-034205-53i2tw65	182	2	an	an	DT
cord-034205-53i2tw65	182	3	intervention	intervention	NN
cord-034205-53i2tw65	182	4	in	in	IN
cord-034205-53i2tw65	182	5	England	England	NNP
cord-034205-53i2tw65	182	6	as	as	IN
cord-034205-53i2tw65	182	7	the	the	DT
cord-034205-53i2tw65	182	8	first	first	JJ
cord-034205-53i2tw65	182	9	major	major	JJ
cord-034205-53i2tw65	182	10	European	european	JJ
cord-034205-53i2tw65	182	11	league	league	NN
cord-034205-53i2tw65	182	12	,	,	,
cord-034205-53i2tw65	182	13	England	England	NNP
cord-034205-53i2tw65	182	14	,	,	,
cord-034205-53i2tw65	182	15	Italy	Italy	NNP
cord-034205-53i2tw65	182	16	,	,	,
cord-034205-53i2tw65	182	17	France	France	NNP
cord-034205-53i2tw65	182	18	,	,	,
cord-034205-53i2tw65	182	19	and	and	CC
cord-034205-53i2tw65	182	20	Germany	Germany	NNP
cord-034205-53i2tw65	182	21	now	now	RB
cord-034205-53i2tw65	182	22	all	all	DT
cord-034205-53i2tw65	182	23	have	have	VBP
cord-034205-53i2tw65	182	24	in	in	IN
cord-034205-53i2tw65	182	25	place	place	NN
cord-034205-53i2tw65	182	26	the	the	DT
cord-034205-53i2tw65	182	27	"	"	``
cord-034205-53i2tw65	182	28	No	no	DT
cord-034205-53i2tw65	182	29	-	-	HYPH
cord-034205-53i2tw65	182	30	Single	single	JJ
cord-034205-53i2tw65	182	31	-	-	HYPH
cord-034205-53i2tw65	182	32	Buyer	Buyer	NNP
cord-034205-53i2tw65	182	33	-	-	HYPH
cord-034205-53i2tw65	182	34	Rule	Rule	NNP
cord-034205-53i2tw65	182	35	"	"	''
cord-034205-53i2tw65	182	36	(	(	-LRB-
cord-034205-53i2tw65	182	37	Ramcke	Ramcke	NNP
cord-034205-53i2tw65	182	38	2018	2018	CD
cord-034205-53i2tw65	182	39	)	)	-RRB-
cord-034205-53i2tw65	182	40	.	.	.
cord-034205-53i2tw65	183	1	On	on	IN
cord-034205-53i2tw65	183	2	the	the	DT
cord-034205-53i2tw65	183	3	supply	supply	NN
cord-034205-53i2tw65	183	4	side	side	NN
cord-034205-53i2tw65	183	5	,	,	,
cord-034205-53i2tw65	183	6	to	to	TO
cord-034205-53i2tw65	183	7	allow	allow	VB
cord-034205-53i2tw65	183	8	more	more	JJR
cord-034205-53i2tw65	183	9	broadcasting	broadcasting	NN
cord-034205-53i2tw65	183	10	companies	company	NNS
cord-034205-53i2tw65	183	11	to	to	TO
cord-034205-53i2tw65	183	12	tender	tender	VB
cord-034205-53i2tw65	183	13	a	a	DT
cord-034205-53i2tw65	183	14	successful	successful	JJ
cord-034205-53i2tw65	183	15	bidding	bidding	NN
cord-034205-53i2tw65	183	16	attempt	attempt	NN
cord-034205-53i2tw65	183	17	,	,	,
cord-034205-53i2tw65	183	18	the	the	DT
cord-034205-53i2tw65	183	19	leagues	league	NNS
cord-034205-53i2tw65	183	20	increased	increase	VBD
cord-034205-53i2tw65	183	21	the	the	DT
cord-034205-53i2tw65	183	22	number	number	NN
cord-034205-53i2tw65	183	23	of	of	IN
cord-034205-53i2tw65	183	24	packages	package	NNS
cord-034205-53i2tw65	183	25	offered	offer	VBN
cord-034205-53i2tw65	183	26	at	at	IN
cord-034205-53i2tw65	183	27	the	the	DT
cord-034205-53i2tw65	183	28	auction	auction	NN
cord-034205-53i2tw65	183	29	.	.	.
cord-034205-53i2tw65	184	1	The	the	DT
cord-034205-53i2tw65	184	2	Premier	Premier	NNP
cord-034205-53i2tw65	184	3	League	League	NNP
cord-034205-53i2tw65	184	4	,	,	,
cord-034205-53i2tw65	184	5	for	for	IN
cord-034205-53i2tw65	184	6	example	example	NN
cord-034205-53i2tw65	184	7	,	,	,
cord-034205-53i2tw65	184	8	offered	offer	VBD
cord-034205-53i2tw65	184	9	four	four	CD
cord-034205-53i2tw65	184	10	live	live	JJ
cord-034205-53i2tw65	184	11	broadcasting	broadcasting	NN
cord-034205-53i2tw65	184	12	packages	package	NNS
cord-034205-53i2tw65	184	13	in	in	IN
cord-034205-53i2tw65	184	14	the	the	DT
cord-034205-53i2tw65	184	15	bidding	bidding	NN
cord-034205-53i2tw65	184	16	process	process	NN
cord-034205-53i2tw65	184	17	for	for	IN
cord-034205-53i2tw65	184	18	2004/05	2004/05	CD
cord-034205-53i2tw65	184	19	-	-	HYPH
cord-034205-53i2tw65	184	20	2006/07	2006/07	CD
cord-034205-53i2tw65	184	21	;	;	:
cord-034205-53i2tw65	184	22	this	this	DT
cord-034205-53i2tw65	184	23	increased	increase	VBD
cord-034205-53i2tw65	184	24	to	to	IN
cord-034205-53i2tw65	184	25	six	six	CD
cord-034205-53i2tw65	184	26	in	in	IN
cord-034205-53i2tw65	184	27	the	the	DT
cord-034205-53i2tw65	184	28	following	following	JJ
cord-034205-53i2tw65	184	29	period	period	NN
cord-034205-53i2tw65	184	30	and	and	CC
cord-034205-53i2tw65	184	31	seven	seven	CD
cord-034205-53i2tw65	184	32	for	for	IN
cord-034205-53i2tw65	184	33	the	the	DT
cord-034205-53i2tw65	184	34	2013/2014	2013/2014	CD
cord-034205-53i2tw65	184	35	-	-	HYPH
cord-034205-53i2tw65	184	36	2015/2016	2015/2016	CD
cord-034205-53i2tw65	184	37	auction	auction	NN
cord-034205-53i2tw65	184	38	(	(	-LRB-
cord-034205-53i2tw65	184	39	Connolly	Connolly	NNP
cord-034205-53i2tw65	184	40	2018	2018	CD
cord-034205-53i2tw65	184	41	)	)	-RRB-
cord-034205-53i2tw65	184	42	.	.	.
cord-034205-53i2tw65	185	1	One	one	CD
cord-034205-53i2tw65	185	2	peculiarity	peculiarity	NN
cord-034205-53i2tw65	185	3	of	of	IN
cord-034205-53i2tw65	185	4	the	the	DT
cord-034205-53i2tw65	185	5	English	english	JJ
cord-034205-53i2tw65	185	6	market	market	NN
cord-034205-53i2tw65	185	7	is	be	VBZ
cord-034205-53i2tw65	185	8	that	that	IN
cord-034205-53i2tw65	185	9	not	not	RB
cord-034205-53i2tw65	185	10	all	all	DT
cord-034205-53i2tw65	185	11	games	game	NNS
cord-034205-53i2tw65	185	12	are	be	VBP
cord-034205-53i2tw65	185	13	included	include	VBN
cord-034205-53i2tw65	185	14	in	in	IN
cord-034205-53i2tw65	185	15	the	the	DT
cord-034205-53i2tw65	185	16	live	live	JJ
cord-034205-53i2tw65	185	17	broadcasting	broadcasting	NN
cord-034205-53i2tw65	185	18	packages	package	NNS
cord-034205-53i2tw65	185	19	.	.	.
cord-034205-53i2tw65	186	1	Thus	thus	RB
cord-034205-53i2tw65	186	2	,	,	,
cord-034205-53i2tw65	186	3	to	to	TO
cord-034205-53i2tw65	186	4	attract	attract	VB
cord-034205-53i2tw65	186	5	more	more	JJR
cord-034205-53i2tw65	186	6	bidders	bidder	NNS
cord-034205-53i2tw65	186	7	and	and	CC
cord-034205-53i2tw65	186	8	increase	increase	VB
cord-034205-53i2tw65	186	9	prices	price	NNS
cord-034205-53i2tw65	186	10	,	,	,
cord-034205-53i2tw65	186	11	the	the	DT
cord-034205-53i2tw65	186	12	league	league	NN
cord-034205-53i2tw65	186	13	increased	increase	VBD
cord-034205-53i2tw65	186	14	the	the	DT
cord-034205-53i2tw65	186	15	number	number	NN
cord-034205-53i2tw65	186	16	of	of	IN
cord-034205-53i2tw65	186	17	live	live	JJ
cord-034205-53i2tw65	186	18	broadcasting	broadcasting	NN
cord-034205-53i2tw65	186	19	matches	match	NNS
cord-034205-53i2tw65	186	20	in	in	IN
cord-034205-53i2tw65	186	21	previous	previous	JJ
cord-034205-53i2tw65	186	22	years	year	NNS
cord-034205-53i2tw65	186	23	to	to	IN
cord-034205-53i2tw65	186	24	200	200	CD
cord-034205-53i2tw65	186	25	(	(	-LRB-
cord-034205-53i2tw65	186	26	Kalenberg	Kalenberg	NNP
cord-034205-53i2tw65	186	27	2019	2019	CD
cord-034205-53i2tw65	186	28	)	)	-RRB-
cord-034205-53i2tw65	186	29	.	.	.
cord-034205-53i2tw65	187	1	In	in	IN
cord-034205-53i2tw65	187	2	Germany	Germany	NNP
cord-034205-53i2tw65	187	3	,	,	,
cord-034205-53i2tw65	187	4	for	for	IN
cord-034205-53i2tw65	187	5	example	example	NN
cord-034205-53i2tw65	187	6	,	,	,
cord-034205-53i2tw65	187	7	to	to	TO
cord-034205-53i2tw65	187	8	increase	increase	VB
cord-034205-53i2tw65	187	9	the	the	DT
cord-034205-53i2tw65	187	10	exclusivity	exclusivity	NN
cord-034205-53i2tw65	187	11	of	of	IN
cord-034205-53i2tw65	187	12	single	single	JJ
cord-034205-53i2tw65	187	13	matches	match	NNS
cord-034205-53i2tw65	187	14	for	for	IN
cord-034205-53i2tw65	187	15	bidders	bidder	NNS
cord-034205-53i2tw65	187	16	and	and	CC
cord-034205-53i2tw65	187	17	establish	establish	VB
cord-034205-53i2tw65	187	18	a	a	DT
cord-034205-53i2tw65	187	19	second	second	JJ
cord-034205-53i2tw65	187	20	bidder	bidder	NN
cord-034205-53i2tw65	187	21	besides	besides	IN
cord-034205-53i2tw65	187	22	Sky	Sky	NNP
cord-034205-53i2tw65	187	23	,	,	,
cord-034205-53i2tw65	187	24	the	the	DT
cord-034205-53i2tw65	187	25	number	number	NN
cord-034205-53i2tw65	187	26	of	of	IN
cord-034205-53i2tw65	187	27	simultaneously	simultaneously	RB
cord-034205-53i2tw65	187	28	played	play	VBN
cord-034205-53i2tw65	187	29	matches	match	NNS
cord-034205-53i2tw65	187	30	was	be	VBD
cord-034205-53i2tw65	187	31	reduced	reduce	VBN
cord-034205-53i2tw65	187	32	(	(	-LRB-
cord-034205-53i2tw65	187	33	Ramcke	Ramcke	NNP
cord-034205-53i2tw65	187	34	2018	2018	CD
cord-034205-53i2tw65	187	35	)	)	-RRB-
cord-034205-53i2tw65	187	36	.	.	.
cord-034205-53i2tw65	188	1	The	the	DT
cord-034205-53i2tw65	188	2	regulatory	regulatory	JJ
cord-034205-53i2tw65	188	3	requirements	requirement	NNS
cord-034205-53i2tw65	188	4	and	and	CC
cord-034205-53i2tw65	188	5	changes	change	NNS
cord-034205-53i2tw65	188	6	on	on	IN
cord-034205-53i2tw65	188	7	the	the	DT
cord-034205-53i2tw65	188	8	supply	supply	NN
cord-034205-53i2tw65	188	9	side	side	NN
cord-034205-53i2tw65	188	10	also	also	RB
cord-034205-53i2tw65	188	11	affected	affect	VBD
cord-034205-53i2tw65	188	12	the	the	DT
cord-034205-53i2tw65	188	13	demand	demand	NN
cord-034205-53i2tw65	188	14	side	side	NN
cord-034205-53i2tw65	188	15	of	of	IN
cord-034205-53i2tw65	188	16	the	the	DT
cord-034205-53i2tw65	188	17	bidding	bidding	NN
cord-034205-53i2tw65	188	18	process	process	NN
cord-034205-53i2tw65	188	19	.	.	.
cord-034205-53i2tw65	189	1	In	in	IN
cord-034205-53i2tw65	189	2	particular	particular	JJ
cord-034205-53i2tw65	189	3	,	,	,
cord-034205-53i2tw65	189	4	it	-PRON-	PRP
cord-034205-53i2tw65	189	5	seems	seem	VBZ
cord-034205-53i2tw65	189	6	that	that	IN
cord-034205-53i2tw65	189	7	new	new	JJ
cord-034205-53i2tw65	189	8	(	(	-LRB-
cord-034205-53i2tw65	189	9	international	international	JJ
cord-034205-53i2tw65	189	10	)	)	-RRB-
cord-034205-53i2tw65	189	11	competitors	competitor	NNS
cord-034205-53i2tw65	189	12	were	be	VBD
cord-034205-53i2tw65	189	13	challenging	challenge	VBG
cord-034205-53i2tw65	189	14	the	the	DT
cord-034205-53i2tw65	189	15	incumbents	incumbent	NNS
cord-034205-53i2tw65	189	16	.	.	.
cord-034205-53i2tw65	190	1	Given	give	VBN
cord-034205-53i2tw65	190	2	the	the	DT
cord-034205-53i2tw65	190	3	necessity	necessity	NN
cord-034205-53i2tw65	190	4	for	for	IN
cord-034205-53i2tw65	190	5	(	(	-LRB-
cord-034205-53i2tw65	190	6	at	at	IN
cord-034205-53i2tw65	190	7	least	least	JJS
cord-034205-53i2tw65	190	8	)	)	-RRB-
cord-034205-53i2tw65	190	9	two	two	CD
cord-034205-53i2tw65	190	10	successful	successful	JJ
cord-034205-53i2tw65	190	11	bidders	bidder	NNS
cord-034205-53i2tw65	190	12	,	,	,
cord-034205-53i2tw65	190	13	the	the	DT
cord-034205-53i2tw65	190	14	chances	chance	NNS
cord-034205-53i2tw65	190	15	of	of	IN
cord-034205-53i2tw65	190	16	a	a	DT
cord-034205-53i2tw65	190	17	successful	successful	JJ
cord-034205-53i2tw65	190	18	bid	bid	NN
cord-034205-53i2tw65	190	19	for	for	IN
cord-034205-53i2tw65	190	20	the	the	DT
cord-034205-53i2tw65	190	21	individual	individual	JJ
cord-034205-53i2tw65	190	22	companies	company	NNS
cord-034205-53i2tw65	190	23	increased	increase	VBD
cord-034205-53i2tw65	190	24	,	,	,
cord-034205-53i2tw65	190	25	resulting	result	VBG
cord-034205-53i2tw65	190	26	in	in	IN
cord-034205-53i2tw65	190	27	intensified	intensify	VBN
cord-034205-53i2tw65	190	28	competition	competition	NN
cord-034205-53i2tw65	190	29	from	from	IN
cord-034205-53i2tw65	190	30	an	an	DT
cord-034205-53i2tw65	190	31	economic	economic	JJ
cord-034205-53i2tw65	190	32	perspective	perspective	NN
cord-034205-53i2tw65	190	33	.	.	.
cord-034205-53i2tw65	191	1	The	the	DT
cord-034205-53i2tw65	191	2	most	most	RBS
cord-034205-53i2tw65	191	3	relevant	relevant	JJ
cord-034205-53i2tw65	191	4	new	new	JJ
cord-034205-53i2tw65	191	5	competitor	competitor	NN
cord-034205-53i2tw65	191	6	in	in	IN
cord-034205-53i2tw65	191	7	the	the	DT
cord-034205-53i2tw65	191	8	United	United	NNP
cord-034205-53i2tw65	191	9	Kingdom	Kingdom	NNP
cord-034205-53i2tw65	191	10	was	be	VBD
cord-034205-53i2tw65	191	11	British	British	NNP
cord-034205-53i2tw65	191	12	Telecommunications	Telecommunications	NNP
cord-034205-53i2tw65	191	13	(	(	-LRB-
cord-034205-53i2tw65	191	14	BT	BT	NNP
cord-034205-53i2tw65	191	15	)	)	-RRB-
cord-034205-53i2tw65	191	16	,	,	,
cord-034205-53i2tw65	191	17	which	which	WDT
cord-034205-53i2tw65	191	18	entered	enter	VBD
cord-034205-53i2tw65	191	19	the	the	DT
cord-034205-53i2tw65	191	20	market	market	NN
cord-034205-53i2tw65	191	21	before	before	IN
cord-034205-53i2tw65	191	22	the	the	DT
cord-034205-53i2tw65	191	23	2013/2014	2013/2014	CD
cord-034205-53i2tw65	191	24	auction	auction	NN
cord-034205-53i2tw65	191	25	and	and	CC
cord-034205-53i2tw65	191	26	led	lead	VBD
cord-034205-53i2tw65	191	27	to	to	IN
cord-034205-53i2tw65	191	28	a	a	DT
cord-034205-53i2tw65	191	29	considerable	considerable	JJ
cord-034205-53i2tw65	191	30	revenue	revenue	NN
cord-034205-53i2tw65	191	31	increase	increase	NN
cord-034205-53i2tw65	191	32	in	in	IN
cord-034205-53i2tw65	191	33	the	the	DT
cord-034205-53i2tw65	191	34	following	following	JJ
cord-034205-53i2tw65	191	35	two	two	CD
cord-034205-53i2tw65	191	36	periods	period	NNS
cord-034205-53i2tw65	191	37	.	.	.
cord-034205-53i2tw65	192	1	Before	before	IN
cord-034205-53i2tw65	192	2	BT	BT	NNP
cord-034205-53i2tw65	192	3	entered	enter	VBD
cord-034205-53i2tw65	192	4	the	the	DT
cord-034205-53i2tw65	192	5	scene	scene	NN
cord-034205-53i2tw65	192	6	,	,	,
cord-034205-53i2tw65	192	7	Sky	Sky	NNP
cord-034205-53i2tw65	192	8	faced	face	VBD
cord-034205-53i2tw65	192	9	rather	rather	RB
cord-034205-53i2tw65	192	10	weak	weak	JJ
cord-034205-53i2tw65	192	11	competitors	competitor	NNS
cord-034205-53i2tw65	192	12	that	that	WDT
cord-034205-53i2tw65	192	13	struggled	struggle	VBD
cord-034205-53i2tw65	192	14	to	to	TO
cord-034205-53i2tw65	192	15	hold	hold	VB
cord-034205-53i2tw65	192	16	the	the	DT
cord-034205-53i2tw65	192	17	rights	right	NNS
cord-034205-53i2tw65	192	18	for	for	IN
cord-034205-53i2tw65	192	19	one	one	CD
cord-034205-53i2tw65	192	20	period	period	NN
cord-034205-53i2tw65	192	21	.	.	.
cord-034205-53i2tw65	193	1	Other	other	JJ
cord-034205-53i2tw65	193	2	new	new	JJ
cord-034205-53i2tw65	193	3	entrants	entrant	NNS
cord-034205-53i2tw65	193	4	in	in	IN
cord-034205-53i2tw65	193	5	the	the	DT
cord-034205-53i2tw65	193	6	Premier	Premier	NNP
cord-034205-53i2tw65	193	7	League	League	NNP
cord-034205-53i2tw65	193	8	in	in	IN
cord-034205-53i2tw65	193	9	recent	recent	JJ
cord-034205-53i2tw65	193	10	years	year	NNS
cord-034205-53i2tw65	193	11	have	have	VBP
cord-034205-53i2tw65	193	12	been	be	VBN
cord-034205-53i2tw65	193	13	ESPN	ESPN	NNP
cord-034205-53i2tw65	193	14	,	,	,
cord-034205-53i2tw65	193	15	beIN	beIN	NNP
cord-034205-53i2tw65	193	16	,	,	,
cord-034205-53i2tw65	193	17	and	and	CC
cord-034205-53i2tw65	193	18	Amazon	Amazon	NNP
cord-034205-53i2tw65	193	19	.	.	.
cord-034205-53i2tw65	194	1	Markets	market	NNS
cord-034205-53i2tw65	194	2	in	in	IN
cord-034205-53i2tw65	194	3	the	the	DT
cord-034205-53i2tw65	194	4	other	other	JJ
cord-034205-53i2tw65	194	5	top	top	JJ
cord-034205-53i2tw65	194	6	leagues	league	NNS
cord-034205-53i2tw65	194	7	(	(	-LRB-
cord-034205-53i2tw65	194	8	e.g.	e.g.	RB
cord-034205-53i2tw65	194	9	,	,	,
cord-034205-53i2tw65	194	10	Orange	Orange	NNP
cord-034205-53i2tw65	194	11	,	,	,
cord-034205-53i2tw65	194	12	Telefonica	Telefonica	NNP
cord-034205-53i2tw65	194	13	,	,	,
cord-034205-53i2tw65	194	14	and	and	CC
cord-034205-53i2tw65	194	15	Vodafone	Vodafone	NNP
cord-034205-53i2tw65	194	16	in	in	IN
cord-034205-53i2tw65	194	17	Spain	Spain	NNP
cord-034205-53i2tw65	194	18	)	)	-RRB-
cord-034205-53i2tw65	194	19	saw	see	VBD
cord-034205-53i2tw65	194	20	a	a	DT
cord-034205-53i2tw65	194	21	similar	similar	JJ
cord-034205-53i2tw65	194	22	increase	increase	NN
cord-034205-53i2tw65	194	23	in	in	IN
cord-034205-53i2tw65	194	24	competitors	competitor	NNS
cord-034205-53i2tw65	194	25	(	(	-LRB-
cord-034205-53i2tw65	194	26	Connolly	Connolly	NNP
cord-034205-53i2tw65	194	27	2018	2018	CD
cord-034205-53i2tw65	194	28	;	;	:
cord-034205-53i2tw65	194	29	Ramcke	Ramcke	NNP
cord-034205-53i2tw65	194	30	2018	2018	CD
cord-034205-53i2tw65	194	31	)	)	-RRB-
cord-034205-53i2tw65	194	32	.	.	.
cord-034205-53i2tw65	195	1	Questions	question	NNS
cord-034205-53i2tw65	195	2	,	,	,
cord-034205-53i2tw65	195	3	however	however	RB
cord-034205-53i2tw65	195	4	,	,	,
cord-034205-53i2tw65	195	5	arose	arise	VBD
cord-034205-53i2tw65	195	6	concerning	concern	VBG
cord-034205-53i2tw65	195	7	the	the	DT
cord-034205-53i2tw65	195	8	profitability	profitability	NN
cord-034205-53i2tw65	195	9	of	of	IN
cord-034205-53i2tw65	195	10	the	the	DT
cord-034205-53i2tw65	195	11	broadcasting	broadcasting	NN
cord-034205-53i2tw65	195	12	companies	company	NNS
cord-034205-53i2tw65	195	13	,	,	,
cord-034205-53i2tw65	195	14	especially	especially	RB
cord-034205-53i2tw65	195	15	following	follow	VBG
cord-034205-53i2tw65	195	16	the	the	DT
cord-034205-53i2tw65	195	17	reduction	reduction	NN
cord-034205-53i2tw65	195	18	of	of	IN
cord-034205-53i2tw65	195	19	individual	individual	JJ
cord-034205-53i2tw65	195	20	package	package	NN
cord-034205-53i2tw65	195	21	sizes	size	NNS
cord-034205-53i2tw65	195	22	.	.	.
cord-034205-53i2tw65	196	1	Indeed	indeed	RB
cord-034205-53i2tw65	196	2	,	,	,
cord-034205-53i2tw65	196	3	Feuillet	Feuillet	NNP
cord-034205-53i2tw65	196	4	et	et	NNP
cord-034205-53i2tw65	196	5	al	al	NNP
cord-034205-53i2tw65	196	6	.	.	.
cord-034205-53i2tw65	197	1	(	(	-LRB-
cord-034205-53i2tw65	197	2	2019	2019	CD
cord-034205-53i2tw65	197	3	)	)	-RRB-
cord-034205-53i2tw65	197	4	find	find	VB
cord-034205-53i2tw65	197	5	a	a	DT
cord-034205-53i2tw65	197	6	"	"	``
cord-034205-53i2tw65	197	7	winner	winner	NN
cord-034205-53i2tw65	197	8	's	's	POS
cord-034205-53i2tw65	197	9	curse"-not	curse"-not	NN
cord-034205-53i2tw65	197	10	for	for	IN
cord-034205-53i2tw65	197	11	the	the	DT
cord-034205-53i2tw65	197	12	holder	holder	NN
cord-034205-53i2tw65	197	13	of	of	IN
cord-034205-53i2tw65	197	14	the	the	DT
cord-034205-53i2tw65	197	15	majority	majority	NN
cord-034205-53i2tw65	197	16	of	of	IN
cord-034205-53i2tw65	197	17	the	the	DT
cord-034205-53i2tw65	197	18	packages	package	NNS
cord-034205-53i2tw65	197	19	but	but	CC
cord-034205-53i2tw65	197	20	for	for	IN
cord-034205-53i2tw65	197	21	that	that	DT
cord-034205-53i2tw65	197	22	with	with	IN
cord-034205-53i2tw65	197	23	the	the	DT
cord-034205-53i2tw65	197	24	smaller	small	JJR
cord-034205-53i2tw65	197	25	offering	offering	NN
cord-034205-53i2tw65	197	26	(	(	-LRB-
cord-034205-53i2tw65	197	27	"	"	``
cord-034205-53i2tw65	197	28	second	second	JJ
cord-034205-53i2tw65	197	29	winner	winner	NN
cord-034205-53i2tw65	197	30	"	"	''
cord-034205-53i2tw65	197	31	)	)	-RRB-
cord-034205-53i2tw65	197	32	.	.	.
cord-034205-53i2tw65	198	1	From	from	IN
cord-034205-53i2tw65	198	2	a	a	DT
cord-034205-53i2tw65	198	3	financial	financial	JJ
cord-034205-53i2tw65	198	4	perspective	perspective	NN
cord-034205-53i2tw65	198	5	,	,	,
cord-034205-53i2tw65	198	6	broadcasting	broadcasting	NN
cord-034205-53i2tw65	198	7	companies	company	NNS
cord-034205-53i2tw65	198	8	might	may	MD
cord-034205-53i2tw65	198	9	nonetheless	nonetheless	RB
cord-034205-53i2tw65	198	10	follow	follow	VB
cord-034205-53i2tw65	198	11	additional	additional	JJ
cord-034205-53i2tw65	198	12	strategic	strategic	JJ
cord-034205-53i2tw65	198	13	objectives	objective	NNS
cord-034205-53i2tw65	198	14	.	.	.
cord-034205-53i2tw65	199	1	One	one	CD
cord-034205-53i2tw65	199	2	such	such	JJ
cord-034205-53i2tw65	199	3	objective	objective	NN
cord-034205-53i2tw65	199	4	could	could	MD
cord-034205-53i2tw65	199	5	be	be	VB
cord-034205-53i2tw65	199	6	to	to	TO
cord-034205-53i2tw65	199	7	leverage	leverage	VB
cord-034205-53i2tw65	199	8	the	the	DT
cord-034205-53i2tw65	199	9	sports	sport	NNS
cord-034205-53i2tw65	199	10	offering	offering	NN
cord-034205-53i2tw65	199	11	(	(	-LRB-
cord-034205-53i2tw65	199	12	e.g.	e.g.	RB
cord-034205-53i2tw65	199	13	,	,	,
cord-034205-53i2tw65	199	14	football	football	NN
cord-034205-53i2tw65	199	15	)	)	-RRB-
cord-034205-53i2tw65	199	16	to	to	TO
cord-034205-53i2tw65	199	17	attract	attract	VB
cord-034205-53i2tw65	199	18	customers	customer	NNS
cord-034205-53i2tw65	199	19	to	to	IN
cord-034205-53i2tw65	199	20	their	-PRON-	PRP$
cord-034205-53i2tw65	199	21	full	full	JJ
cord-034205-53i2tw65	199	22	product	product	NN
cord-034205-53i2tw65	199	23	portfolio	portfolio	NN
cord-034205-53i2tw65	199	24	.	.	.
cord-034205-53i2tw65	200	1	In	in	IN
cord-034205-53i2tw65	200	2	cases	case	NNS
cord-034205-53i2tw65	200	3	where	where	WRB
cord-034205-53i2tw65	200	4	such	such	PDT
cord-034205-53i2tw65	200	5	a	a	DT
cord-034205-53i2tw65	200	6	strategy	strategy	NN
cord-034205-53i2tw65	200	7	is	be	VBZ
cord-034205-53i2tw65	200	8	used	use	VBN
cord-034205-53i2tw65	200	9	,	,	,
cord-034205-53i2tw65	200	10	broadcasting	broadcast	VBG
cord-034205-53i2tw65	200	11	companies	company	NNS
cord-034205-53i2tw65	200	12	might	may	MD
cord-034205-53i2tw65	200	13	accept	accept	VB
cord-034205-53i2tw65	200	14	low	low	JJ
cord-034205-53i2tw65	200	15	stand	stand	VB
cord-034205-53i2tw65	200	16	-	-	HYPH
cord-034205-53i2tw65	200	17	alone	alone	RB
cord-034205-53i2tw65	200	18	profitability	profitability	NN
cord-034205-53i2tw65	200	19	as	as	IN
cord-034205-53i2tw65	200	20	a	a	DT
cord-034205-53i2tw65	200	21	form	form	NN
cord-034205-53i2tw65	200	22	of	of	IN
cord-034205-53i2tw65	200	23	internal	internal	JJ
cord-034205-53i2tw65	200	24	subsidization	subsidization	NN
cord-034205-53i2tw65	200	25	(	(	-LRB-
cord-034205-53i2tw65	200	26	Feuillet	Feuillet	NNP
cord-034205-53i2tw65	200	27	et	et	FW
cord-034205-53i2tw65	200	28	al	al	NNP
cord-034205-53i2tw65	200	29	.	.	.
cord-034205-53i2tw65	200	30	2019	2019	CD
cord-034205-53i2tw65	200	31	)	)	-RRB-
cord-034205-53i2tw65	200	32	.	.	.
cord-034205-53i2tw65	201	1	Beyond	beyond	IN
cord-034205-53i2tw65	201	2	the	the	DT
cord-034205-53i2tw65	201	3	regulatory	regulatory	JJ
cord-034205-53i2tw65	201	4	requirements	requirement	NNS
cord-034205-53i2tw65	201	5	and	and	CC
cord-034205-53i2tw65	201	6	increased	increase	VBN
cord-034205-53i2tw65	201	7	competition	competition	NN
cord-034205-53i2tw65	201	8	,	,	,
cord-034205-53i2tw65	201	9	some	some	DT
cord-034205-53i2tw65	201	10	complementary	complementary	JJ
cord-034205-53i2tw65	201	11	developments	development	NNS
cord-034205-53i2tw65	201	12	have	have	VBP
cord-034205-53i2tw65	201	13	been	be	VBN
cord-034205-53i2tw65	201	14	driving	drive	VBG
cord-034205-53i2tw65	201	15	broadcasting	broadcasting	NN
cord-034205-53i2tw65	201	16	revenues	revenue	NNS
cord-034205-53i2tw65	201	17	.	.	.
cord-034205-53i2tw65	202	1	One	one	CD
cord-034205-53i2tw65	202	2	such	such	JJ
cord-034205-53i2tw65	202	3	development	development	NN
cord-034205-53i2tw65	202	4	is	be	VBZ
cord-034205-53i2tw65	202	5	the	the	DT
cord-034205-53i2tw65	202	6	ongoing	ongoing	JJ
cord-034205-53i2tw65	202	7	internationalization	internationalization	NN
cord-034205-53i2tw65	202	8	strategy	strategy	NN
cord-034205-53i2tw65	202	9	of	of	IN
cord-034205-53i2tw65	202	10	the	the	DT
cord-034205-53i2tw65	202	11	European	european	JJ
cord-034205-53i2tw65	202	12	clubs	club	NNS
cord-034205-53i2tw65	202	13	,	,	,
cord-034205-53i2tw65	202	14	wherein	wherein	WRB
cord-034205-53i2tw65	202	15	the	the	DT
cord-034205-53i2tw65	202	16	clubs	club	NNS
cord-034205-53i2tw65	202	17	especially	especially	RB
cord-034205-53i2tw65	202	18	focus	focus	VBP
cord-034205-53i2tw65	202	19	on	on	IN
cord-034205-53i2tw65	202	20	China	China	NNP
cord-034205-53i2tw65	202	21	and	and	CC
cord-034205-53i2tw65	202	22	the	the	DT
cord-034205-53i2tw65	202	23	United	United	NNP
cord-034205-53i2tw65	202	24	States	States	NNP
cord-034205-53i2tw65	202	25	as	as	IN
cord-034205-53i2tw65	202	26	two	two	CD
cord-034205-53i2tw65	202	27	large	large	JJ
cord-034205-53i2tw65	202	28	markets	market	NNS
cord-034205-53i2tw65	202	29	with	with	IN
cord-034205-53i2tw65	202	30	high	high	JJ
cord-034205-53i2tw65	202	31	growth	growth	NN
cord-034205-53i2tw65	202	32	potential	potential	NN
cord-034205-53i2tw65	202	33	(	(	-LRB-
cord-034205-53i2tw65	202	34	Deloitte	Deloitte	NNP
cord-034205-53i2tw65	202	35	2019	2019	CD
cord-034205-53i2tw65	202	36	,	,	,
cord-034205-53i2tw65	202	37	p.	p.	NN
cord-034205-53i2tw65	202	38	2	2	CD
cord-034205-53i2tw65	202	39	)	)	-RRB-
cord-034205-53i2tw65	202	40	.	.	.
cord-034205-53i2tw65	203	1	By	by	IN
cord-034205-53i2tw65	203	2	holding	hold	VBG
cord-034205-53i2tw65	203	3	organized	organize	VBN
cord-034205-53i2tw65	203	4	practices	practice	NNS
cord-034205-53i2tw65	203	5	and	and	CC
cord-034205-53i2tw65	203	6	matches	match	NNS
cord-034205-53i2tw65	203	7	in	in	IN
cord-034205-53i2tw65	203	8	these	these	DT
cord-034205-53i2tw65	203	9	countries	country	NNS
cord-034205-53i2tw65	203	10	as	as	RB
cord-034205-53i2tw65	203	11	well	well	RB
cord-034205-53i2tw65	203	12	as	as	IN
cord-034205-53i2tw65	203	13	opening	open	VBG
cord-034205-53i2tw65	203	14	local	local	JJ
cord-034205-53i2tw65	203	15	offices	office	NNS
cord-034205-53i2tw65	203	16	,	,	,
cord-034205-53i2tw65	203	17	the	the	DT
cord-034205-53i2tw65	203	18	leagues	league	NNS
cord-034205-53i2tw65	203	19	and	and	CC
cord-034205-53i2tw65	203	20	clubs	club	NNS
cord-034205-53i2tw65	203	21	increase	increase	VBP
cord-034205-53i2tw65	203	22	public	public	JJ
cord-034205-53i2tw65	203	23	awareness	awareness	NN
cord-034205-53i2tw65	203	24	and	and	CC
cord-034205-53i2tw65	203	25	their	-PRON-	PRP$
cord-034205-53i2tw65	203	26	foreign	foreign	JJ
cord-034205-53i2tw65	203	27	fan	fan	NN
cord-034205-53i2tw65	203	28	base	base	NN
cord-034205-53i2tw65	203	29	and	and	CC
cord-034205-53i2tw65	203	30	thus	thus	RB
cord-034205-53i2tw65	203	31	increase	increase	VB
cord-034205-53i2tw65	203	32	demand	demand	NN
cord-034205-53i2tw65	203	33	for	for	IN
cord-034205-53i2tw65	203	34	foreign	foreign	JJ
cord-034205-53i2tw65	203	35	broadcasting	broadcasting	NN
cord-034205-53i2tw65	203	36	rights	right	NNS
cord-034205-53i2tw65	203	37	.	.	.
cord-034205-53i2tw65	204	1	One	one	CD
cord-034205-53i2tw65	204	2	tangible	tangible	JJ
cord-034205-53i2tw65	204	3	result	result	NN
cord-034205-53i2tw65	204	4	was	be	VBD
cord-034205-53i2tw65	204	5	the	the	DT
cord-034205-53i2tw65	204	6	revenue	revenue	NN
cord-034205-53i2tw65	204	7	increase	increase	NN
cord-034205-53i2tw65	204	8	from	from	IN
cord-034205-53i2tw65	204	9	broadcasting	broadcasting	NN
cord-034205-53i2tw65	204	10	rights	right	NNS
cord-034205-53i2tw65	204	11	,	,	,
cord-034205-53i2tw65	204	12	for	for	IN
cord-034205-53i2tw65	204	13	domestic	domestic	JJ
cord-034205-53i2tw65	204	14	and	and	CC
cord-034205-53i2tw65	204	15	international	international	JJ
cord-034205-53i2tw65	204	16	packages	package	NNS
cord-034205-53i2tw65	204	17	alike	alike	RB
cord-034205-53i2tw65	204	18	(	(	-LRB-
cord-034205-53i2tw65	204	19	UEFA	UEFA	NNP
cord-034205-53i2tw65	204	20	2017	2017	CD
cord-034205-53i2tw65	204	21	,	,	,
cord-034205-53i2tw65	204	22	p.	p.	NN
cord-034205-53i2tw65	204	23	73	73	CD
cord-034205-53i2tw65	204	24	)	)	-RRB-
cord-034205-53i2tw65	204	25	.	.	.
cord-034205-53i2tw65	205	1	Moreover	moreover	RB
cord-034205-53i2tw65	205	2	,	,	,
cord-034205-53i2tw65	205	3	the	the	DT
cord-034205-53i2tw65	205	4	growing	grow	VBG
cord-034205-53i2tw65	205	5	importance	importance	NN
cord-034205-53i2tw65	205	6	of	of	IN
cord-034205-53i2tw65	205	7	digital	digital	JJ
cord-034205-53i2tw65	205	8	media	medium	NNS
cord-034205-53i2tw65	205	9	channels	channel	NNS
cord-034205-53i2tw65	205	10	and	and	CC
cord-034205-53i2tw65	205	11	social	social	JJ
cord-034205-53i2tw65	205	12	media	medium	NNS
cord-034205-53i2tw65	205	13	provided	provide	VBD
cord-034205-53i2tw65	205	14	clubs	club	NNS
cord-034205-53i2tw65	205	15	and	and	CC
cord-034205-53i2tw65	205	16	leagues	league	NNS
cord-034205-53i2tw65	205	17	with	with	IN
cord-034205-53i2tw65	205	18	new	new	JJ
cord-034205-53i2tw65	205	19	opportunities	opportunity	NNS
cord-034205-53i2tw65	205	20	to	to	TO
cord-034205-53i2tw65	205	21	promote	promote	VB
cord-034205-53i2tw65	205	22	the	the	DT
cord-034205-53i2tw65	205	23	product	product	NN
cord-034205-53i2tw65	205	24	internationally	internationally	RB
cord-034205-53i2tw65	206	1	(	(	-LRB-
cord-034205-53i2tw65	206	2	McCarthy	McCarthy	NNP
cord-034205-53i2tw65	206	3	et	et	NNP
cord-034205-53i2tw65	206	4	al	al	NNP
cord-034205-53i2tw65	206	5	.	.	NNP
cord-034205-53i2tw65	206	6	2014	2014	CD
cord-034205-53i2tw65	206	7	)	)	-RRB-
cord-034205-53i2tw65	206	8	.	.	.
cord-034205-53i2tw65	207	1	Besides	besides	IN
cord-034205-53i2tw65	207	2	football	football	NN
cord-034205-53i2tw65	207	3	,	,	,
cord-034205-53i2tw65	207	4	prices	price	NNS
cord-034205-53i2tw65	207	5	have	have	VBP
cord-034205-53i2tw65	207	6	increased	increase	VBN
cord-034205-53i2tw65	207	7	for	for	IN
cord-034205-53i2tw65	207	8	broadcasting	broadcasting	NN
cord-034205-53i2tw65	207	9	and	and	CC
cord-034205-53i2tw65	207	10	media	medium	NNS
cord-034205-53i2tw65	207	11	rights	right	NNS
cord-034205-53i2tw65	207	12	for	for	IN
cord-034205-53i2tw65	207	13	many	many	JJ
cord-034205-53i2tw65	207	14	other	other	JJ
cord-034205-53i2tw65	207	15	sports	sport	NNS
cord-034205-53i2tw65	207	16	events	event	NNS
cord-034205-53i2tw65	207	17	worldwide	worldwide	RB
cord-034205-53i2tw65	208	1	(	(	-LRB-
cord-034205-53i2tw65	208	2	e.g.	e.g.	RB
cord-034205-53i2tw65	208	3	,	,	,
cord-034205-53i2tw65	208	4	North	north	JJ
cord-034205-53i2tw65	208	5	American	american	JJ
cord-034205-53i2tw65	208	6	sports	sport	NNS
cord-034205-53i2tw65	208	7	,	,	,
cord-034205-53i2tw65	208	8	Olympics	Olympics	NNP
cord-034205-53i2tw65	208	9	)	)	-RRB-
cord-034205-53i2tw65	208	10	,	,	,
cord-034205-53i2tw65	208	11	which	which	WDT
cord-034205-53i2tw65	208	12	underscores	underscore	VBZ
cord-034205-53i2tw65	208	13	the	the	DT
cord-034205-53i2tw65	208	14	great	great	JJ
cord-034205-53i2tw65	208	15	global	global	JJ
cord-034205-53i2tw65	208	16	marketing	marketing	NN
cord-034205-53i2tw65	208	17	potential	potential	NN
cord-034205-53i2tw65	208	18	of	of	IN
cord-034205-53i2tw65	208	19	major	major	JJ
cord-034205-53i2tw65	208	20	sports	sport	NNS
cord-034205-53i2tw65	208	21	events	event	NNS
cord-034205-53i2tw65	208	22	(	(	-LRB-
cord-034205-53i2tw65	208	23	Chapman	Chapman	NNP
cord-034205-53i2tw65	208	24	2016	2016	CD
cord-034205-53i2tw65	208	25	;	;	:
cord-034205-53i2tw65	208	26	Crupi	Crupi	NNP
cord-034205-53i2tw65	208	27	2017	2017	CD
cord-034205-53i2tw65	208	28	)	)	-RRB-
cord-034205-53i2tw65	208	29	.	.	.
cord-034205-53i2tw65	209	1	The	the	DT
cord-034205-53i2tw65	209	2	second	second	JJ
cord-034205-53i2tw65	209	3	driver	driver	NN
cord-034205-53i2tw65	209	4	to	to	TO
cord-034205-53i2tw65	209	5	increase	increase	VB
cord-034205-53i2tw65	209	6	the	the	DT
cord-034205-53i2tw65	209	7	financial	financial	JJ
cord-034205-53i2tw65	209	8	means	mean	NNS
cord-034205-53i2tw65	209	9	available	available	JJ
cord-034205-53i2tw65	209	10	to	to	IN
cord-034205-53i2tw65	209	11	clubs	club	NNS
cord-034205-53i2tw65	209	12	is	be	VBZ
cord-034205-53i2tw65	209	13	the	the	DT
cord-034205-53i2tw65	209	14	entrance	entrance	NN
cord-034205-53i2tw65	209	15	of	of	IN
cord-034205-53i2tw65	209	16	financial	financial	JJ
cord-034205-53i2tw65	209	17	investors	investor	NNS
cord-034205-53i2tw65	209	18	,	,	,
cord-034205-53i2tw65	209	19	particularly	particularly	RB
cord-034205-53i2tw65	209	20	in	in	IN
cord-034205-53i2tw65	209	21	England	England	NNP
cord-034205-53i2tw65	209	22	,	,	,
cord-034205-53i2tw65	209	23	Italy	Italy	NNP
cord-034205-53i2tw65	209	24	,	,	,
cord-034205-53i2tw65	209	25	and	and	CC
cord-034205-53i2tw65	209	26	France	France	NNP
cord-034205-53i2tw65	209	27	.	.	.
cord-034205-53i2tw65	210	1	Based	base	VBN
cord-034205-53i2tw65	210	2	on	on	IN
cord-034205-53i2tw65	210	3	the	the	DT
cord-034205-53i2tw65	210	4	increasing	increase	VBG
cord-034205-53i2tw65	210	5	importance	importance	NN
cord-034205-53i2tw65	210	6	of	of	IN
cord-034205-53i2tw65	210	7	international	international	JJ
cord-034205-53i2tw65	210	8	markets	market	NNS
cord-034205-53i2tw65	210	9	for	for	IN
cord-034205-53i2tw65	210	10	the	the	DT
cord-034205-53i2tw65	210	11	leagues	league	NNS
cord-034205-53i2tw65	210	12	,	,	,
cord-034205-53i2tw65	210	13	club	club	NN
cord-034205-53i2tw65	210	14	ownership	ownership	NN
cord-034205-53i2tw65	210	15	became	become	VBD
cord-034205-53i2tw65	210	16	more	more	RBR
cord-034205-53i2tw65	210	17	and	and	CC
cord-034205-53i2tw65	210	18	more	more	RBR
cord-034205-53i2tw65	210	19	attractive	attractive	JJ
cord-034205-53i2tw65	210	20	to	to	IN
cord-034205-53i2tw65	210	21	foreign	foreign	JJ
cord-034205-53i2tw65	210	22	investors	investor	NNS
cord-034205-53i2tw65	210	23	(	(	-LRB-
cord-034205-53i2tw65	210	24	Deloitte	Deloitte	NNP
cord-034205-53i2tw65	210	25	2015	2015	CD
cord-034205-53i2tw65	210	26	,	,	,
cord-034205-53i2tw65	210	27	p.	p.	NN
cord-034205-53i2tw65	210	28	7	7	CD
cord-034205-53i2tw65	210	29	)	)	-RRB-
cord-034205-53i2tw65	210	30	.	.	.
cord-034205-53i2tw65	211	1	Today	today	NN
cord-034205-53i2tw65	211	2	,	,	,
cord-034205-53i2tw65	211	3	club	club	NN
cord-034205-53i2tw65	211	4	owners	owner	NNS
cord-034205-53i2tw65	211	5	,	,	,
cord-034205-53i2tw65	211	6	especially	especially	RB
cord-034205-53i2tw65	211	7	in	in	IN
cord-034205-53i2tw65	211	8	England	England	NNP
cord-034205-53i2tw65	211	9	but	but	CC
cord-034205-53i2tw65	211	10	increasingly	increasingly	RB
cord-034205-53i2tw65	211	11	in	in	IN
cord-034205-53i2tw65	211	12	Italy	Italy	NNP
cord-034205-53i2tw65	211	13	and	and	CC
cord-034205-53i2tw65	211	14	France	France	NNP
cord-034205-53i2tw65	211	15	,	,	,
cord-034205-53i2tw65	211	16	come	come	VBN
cord-034205-53i2tw65	211	17	from	from	IN
cord-034205-53i2tw65	211	18	all	all	RB
cord-034205-53i2tw65	211	19	over	over	IN
cord-034205-53i2tw65	211	20	the	the	DT
cord-034205-53i2tw65	211	21	world	world	NN
cord-034205-53i2tw65	211	22	.	.	.
cord-034205-53i2tw65	212	1	As	as	IN
cord-034205-53i2tw65	212	2	for	for	IN
cord-034205-53i2tw65	212	3	bubble	bubble	NN
cord-034205-53i2tw65	212	4	-	-	HYPH
cord-034205-53i2tw65	212	5	building	building	NN
cord-034205-53i2tw65	212	6	and	and	CC
cord-034205-53i2tw65	212	7	foreign	foreign	JJ
cord-034205-53i2tw65	212	8	cash	cash	NN
cord-034205-53i2tw65	212	9	inflows	inflow	NNS
cord-034205-53i2tw65	212	10	,	,	,
cord-034205-53i2tw65	212	11	it	-PRON-	PRP
cord-034205-53i2tw65	212	12	should	should	MD
cord-034205-53i2tw65	212	13	be	be	VB
cord-034205-53i2tw65	212	14	noted	note	VBN
cord-034205-53i2tw65	212	15	that	that	IN
cord-034205-53i2tw65	212	16	past	past	JJ
cord-034205-53i2tw65	212	17	bubbles	bubble	NNS
cord-034205-53i2tw65	212	18	were	be	VBD
cord-034205-53i2tw65	212	19	further	further	RB
cord-034205-53i2tw65	212	20	fueled	fuel	VBN
cord-034205-53i2tw65	212	21	by	by	IN
cord-034205-53i2tw65	212	22	foreign	foreign	JJ
cord-034205-53i2tw65	212	23	investors	investor	NNS
cord-034205-53i2tw65	212	24	(	(	-LRB-
cord-034205-53i2tw65	212	25	Sornette	Sornette	NNP
cord-034205-53i2tw65	212	26	and	and	CC
cord-034205-53i2tw65	212	27	Zhou	Zhou	NNP
cord-034205-53i2tw65	212	28	2004	2004	CD
cord-034205-53i2tw65	212	29	)	)	-RRB-
cord-034205-53i2tw65	212	30	.	.	.
cord-034205-53i2tw65	213	1	From	from	IN
cord-034205-53i2tw65	213	2	the	the	DT
cord-034205-53i2tw65	213	3	financial	financial	JJ
cord-034205-53i2tw65	213	4	side	side	NN
cord-034205-53i2tw65	213	5	,	,	,
cord-034205-53i2tw65	213	6	investors	investor	NNS
cord-034205-53i2tw65	213	7	in	in	IN
cord-034205-53i2tw65	213	8	football	football	NN
cord-034205-53i2tw65	213	9	do	do	VBP
cord-034205-53i2tw65	213	10	not	not	RB
cord-034205-53i2tw65	213	11	necessarily	necessarily	RB
cord-034205-53i2tw65	213	12	expect	expect	VB
cord-034205-53i2tw65	213	13	a	a	DT
cord-034205-53i2tw65	213	14	financial	financial	JJ
cord-034205-53i2tw65	213	15	return	return	NN
cord-034205-53i2tw65	213	16	;	;	:
cord-034205-53i2tw65	213	17	in	in	IN
cord-034205-53i2tw65	213	18	this	this	DT
cord-034205-53i2tw65	213	19	sense	sense	NN
cord-034205-53i2tw65	213	20	,	,	,
cord-034205-53i2tw65	213	21	football	football	NN
cord-034205-53i2tw65	213	22	clubs	club	NNS
cord-034205-53i2tw65	213	23	differ	differ	VBP
cord-034205-53i2tw65	213	24	from	from	IN
cord-034205-53i2tw65	213	25	typical	typical	JJ
cord-034205-53i2tw65	213	26	investments	investment	NNS
cord-034205-53i2tw65	213	27	(	(	-LRB-
cord-034205-53i2tw65	213	28	for	for	IN
cord-034205-53i2tw65	213	29	a	a	DT
cord-034205-53i2tw65	213	30	literature	literature	NN
cord-034205-53i2tw65	213	31	overview	overview	NN
cord-034205-53i2tw65	213	32	on	on	IN
cord-034205-53i2tw65	213	33	club	club	NN
cord-034205-53i2tw65	213	34	ownership	ownership	NN
cord-034205-53i2tw65	213	35	and	and	CC
cord-034205-53i2tw65	213	36	financial	financial	JJ
cord-034205-53i2tw65	213	37	investors	investor	NNS
cord-034205-53i2tw65	213	38	in	in	IN
cord-034205-53i2tw65	213	39	European	european	JJ
cord-034205-53i2tw65	213	40	football	football	NN
cord-034205-53i2tw65	213	41	,	,	,
cord-034205-53i2tw65	213	42	see	see	VB
cord-034205-53i2tw65	213	43	Rohde	Rohde	NNP
cord-034205-53i2tw65	213	44	and	and	CC
cord-034205-53i2tw65	213	45	Breuer	Breuer	NNP
cord-034205-53i2tw65	213	46	2017	2017	CD
cord-034205-53i2tw65	213	47	)	)	-RRB-
cord-034205-53i2tw65	213	48	.	.	.
cord-034205-53i2tw65	214	1	However	however	RB
cord-034205-53i2tw65	214	2	,	,	,
cord-034205-53i2tw65	214	3	some	some	DT
cord-034205-53i2tw65	214	4	investors	investor	NNS
cord-034205-53i2tw65	214	5	might	may	MD
cord-034205-53i2tw65	214	6	try	try	VB
cord-034205-53i2tw65	214	7	to	to	TO
cord-034205-53i2tw65	214	8	create	create	VB
cord-034205-53i2tw65	214	9	direct	direct	JJ
cord-034205-53i2tw65	214	10	financial	financial	JJ
cord-034205-53i2tw65	214	11	gains	gain	NNS
cord-034205-53i2tw65	214	12	by	by	IN
cord-034205-53i2tw65	214	13	trading	trading	NN
cord-034205-53i2tw65	214	14	players	player	NNS
cord-034205-53i2tw65	214	15	or	or	CC
cord-034205-53i2tw65	214	16	by	by	IN
cord-034205-53i2tw65	214	17	increasing	increase	VBG
cord-034205-53i2tw65	214	18	the	the	DT
cord-034205-53i2tw65	214	19	value	value	NN
cord-034205-53i2tw65	214	20	of	of	IN
cord-034205-53i2tw65	214	21	the	the	DT
cord-034205-53i2tw65	214	22	club	club	NN
cord-034205-53i2tw65	214	23	and	and	CC
cord-034205-53i2tw65	214	24	sell	sell	VB
cord-034205-53i2tw65	214	25	it	-PRON-	PRP
cord-034205-53i2tw65	214	26	at	at	IN
cord-034205-53i2tw65	214	27	a	a	DT
cord-034205-53i2tw65	214	28	higher	high	JJR
cord-034205-53i2tw65	214	29	price	price	NN
cord-034205-53i2tw65	214	30	later	later	RB
cord-034205-53i2tw65	214	31	(	(	-LRB-
cord-034205-53i2tw65	214	32	Bergin	Bergin	NNP
cord-034205-53i2tw65	214	33	and	and	CC
cord-034205-53i2tw65	214	34	Bryan	Bryan	NNP
cord-034205-53i2tw65	214	35	-	-	HYPH
cord-034205-53i2tw65	214	36	Low	Low	NNP
cord-034205-53i2tw65	214	37	2019	2019	CD
cord-034205-53i2tw65	214	38	)	)	-RRB-
cord-034205-53i2tw65	214	39	.	.	.
cord-034205-53i2tw65	215	1	In	in	IN
cord-034205-53i2tw65	215	2	the	the	DT
cord-034205-53i2tw65	215	3	literature	literature	NN
cord-034205-53i2tw65	215	4	,	,	,
cord-034205-53i2tw65	215	5	US	US	NNP
cord-034205-53i2tw65	215	6	-	-	HYPH
cord-034205-53i2tw65	215	7	American	american	JJ
cord-034205-53i2tw65	215	8	investors	investor	NNS
cord-034205-53i2tw65	215	9	in	in	IN
cord-034205-53i2tw65	215	10	particular	particular	JJ
cord-034205-53i2tw65	215	11	are	be	VBP
cord-034205-53i2tw65	215	12	frequently	frequently	RB
cord-034205-53i2tw65	215	13	considered	consider	VBN
cord-034205-53i2tw65	215	14	profit	profit	NN
cord-034205-53i2tw65	215	15	maximizers	maximizer	NNS
cord-034205-53i2tw65	215	16	(	(	-LRB-
cord-034205-53i2tw65	215	17	Nauright	Nauright	NNP
cord-034205-53i2tw65	215	18	and	and	CC
cord-034205-53i2tw65	215	19	Ramfjord	Ramfjord	NNP
cord-034205-53i2tw65	215	20	2010	2010	CD
cord-034205-53i2tw65	215	21	)	)	-RRB-
cord-034205-53i2tw65	215	22	.	.	.
cord-034205-53i2tw65	216	1	A	a	DT
cord-034205-53i2tw65	216	2	different	different	JJ
cord-034205-53i2tw65	216	3	category	category	NN
cord-034205-53i2tw65	216	4	of	of	IN
cord-034205-53i2tw65	216	5	investors	investor	NNS
cord-034205-53i2tw65	216	6	follows	follow	VBZ
cord-034205-53i2tw65	216	7	strategic	strategic	JJ
cord-034205-53i2tw65	216	8	objectives	objective	NNS
cord-034205-53i2tw65	216	9	,	,	,
cord-034205-53i2tw65	216	10	such	such	JJ
cord-034205-53i2tw65	216	11	as	as	IN
cord-034205-53i2tw65	216	12	being	be	VBG
cord-034205-53i2tw65	216	13	involved	involve	VBN
cord-034205-53i2tw65	216	14	in	in	IN
cord-034205-53i2tw65	216	15	the	the	DT
cord-034205-53i2tw65	216	16	business	business	NN
cord-034205-53i2tw65	216	17	affairs	affair	NNS
cord-034205-53i2tw65	216	18	of	of	IN
cord-034205-53i2tw65	216	19	their	-PRON-	PRP$
cord-034205-53i2tw65	216	20	club	club	NN
cord-034205-53i2tw65	216	21	's	's	POS
cord-034205-53i2tw65	216	22	home	home	NN
cord-034205-53i2tw65	216	23	city	city	NN
cord-034205-53i2tw65	216	24	(	(	-LRB-
cord-034205-53i2tw65	216	25	McGeehan	McGeehan	NNP
cord-034205-53i2tw65	216	26	2019	2019	CD
cord-034205-53i2tw65	216	27	)	)	-RRB-
cord-034205-53i2tw65	216	28	.	.	.
cord-034205-53i2tw65	217	1	Further	further	RB
cord-034205-53i2tw65	217	2	,	,	,
cord-034205-53i2tw65	217	3	some	some	DT
cord-034205-53i2tw65	217	4	investors	investor	NNS
cord-034205-53i2tw65	217	5	look	look	VBP
cord-034205-53i2tw65	217	6	to	to	TO
cord-034205-53i2tw65	217	7	generate	generate	VB
cord-034205-53i2tw65	217	8	some	some	DT
cord-034205-53i2tw65	217	9	kind	kind	NN
cord-034205-53i2tw65	217	10	of	of	IN
cord-034205-53i2tw65	217	11	positive	positive	JJ
cord-034205-53i2tw65	217	12	externality	externality	NN
cord-034205-53i2tw65	217	13	through	through	IN
cord-034205-53i2tw65	217	14	their	-PRON-	PRP$
cord-034205-53i2tw65	217	15	club	club	NN
cord-034205-53i2tw65	217	16	investment	investment	NN
cord-034205-53i2tw65	217	17	by	by	IN
cord-034205-53i2tw65	217	18	promoting	promote	VBG
cord-034205-53i2tw65	217	19	their	-PRON-	PRP$
cord-034205-53i2tw65	217	20	main	main	JJ
cord-034205-53i2tw65	217	21	business	business	NN
cord-034205-53i2tw65	217	22	or	or	CC
cord-034205-53i2tw65	217	23	other	other	JJ
cord-034205-53i2tw65	217	24	investments	investment	NNS
cord-034205-53i2tw65	217	25	(	(	-LRB-
cord-034205-53i2tw65	217	26	Franck	Franck	NNP
cord-034205-53i2tw65	217	27	2010b	2010b	CD
cord-034205-53i2tw65	217	28	)	)	-RRB-
cord-034205-53i2tw65	217	29	.	.	.
cord-034205-53i2tw65	218	1	In	in	IN
cord-034205-53i2tw65	218	2	addition	addition	NN
cord-034205-53i2tw65	218	3	to	to	IN
cord-034205-53i2tw65	218	4	these	these	DT
cord-034205-53i2tw65	218	5	business	business	NN
cord-034205-53i2tw65	218	6	-	-	HYPH
cord-034205-53i2tw65	218	7	oriented	orient	VBN
cord-034205-53i2tw65	218	8	motives	motive	NNS
cord-034205-53i2tw65	218	9	,	,	,
cord-034205-53i2tw65	218	10	there	there	EX
cord-034205-53i2tw65	218	11	is	be	VBZ
cord-034205-53i2tw65	218	12	a	a	DT
cord-034205-53i2tw65	218	13	reputational	reputational	JJ
cord-034205-53i2tw65	218	14	component	component	NN
cord-034205-53i2tw65	218	15	that	that	WDT
cord-034205-53i2tw65	218	16	makes	make	VBZ
cord-034205-53i2tw65	218	17	sports	sport	NNS
cord-034205-53i2tw65	218	18	investments	investment	NNS
cord-034205-53i2tw65	218	19	attractive	attractive	JJ
cord-034205-53i2tw65	218	20	to	to	IN
cord-034205-53i2tw65	218	21	external	external	JJ
cord-034205-53i2tw65	218	22	individuals	individual	NNS
cord-034205-53i2tw65	218	23	.	.	.
cord-034205-53i2tw65	219	1	Investors	investor	NNS
cord-034205-53i2tw65	219	2	such	such	JJ
cord-034205-53i2tw65	219	3	as	as	IN
cord-034205-53i2tw65	219	4	Chelsea	Chelsea	NNP
cord-034205-53i2tw65	219	5	London	London	NNP
cord-034205-53i2tw65	219	6	's	's	POS
cord-034205-53i2tw65	219	7	owner	owner	NN
cord-034205-53i2tw65	219	8	Roman	Roman	NNP
cord-034205-53i2tw65	219	9	Abramovich	Abramovich	NNP
cord-034205-53i2tw65	219	10	seem	seem	VBP
cord-034205-53i2tw65	219	11	to	to	TO
cord-034205-53i2tw65	219	12	care	care	VB
cord-034205-53i2tw65	219	13	most	most	RBS
cord-034205-53i2tw65	219	14	about	about	IN
cord-034205-53i2tw65	219	15	the	the	DT
cord-034205-53i2tw65	219	16	positive	positive	JJ
cord-034205-53i2tw65	219	17	recognition	recognition	NN
cord-034205-53i2tw65	219	18	about	about	IN
cord-034205-53i2tw65	219	19	the	the	DT
cord-034205-53i2tw65	219	20	good	good	JJ
cord-034205-53i2tw65	219	21	they	-PRON-	PRP
cord-034205-53i2tw65	219	22	are	be	VBP
cord-034205-53i2tw65	219	23	doing	do	VBG
cord-034205-53i2tw65	219	24	and	and	CC
cord-034205-53i2tw65	219	25	the	the	DT
cord-034205-53i2tw65	219	26	sporting	sporting	JJ
cord-034205-53i2tw65	219	27	success	success	NN
cord-034205-53i2tw65	219	28	they	-PRON-	PRP
cord-034205-53i2tw65	219	29	bring	bring	VBP
cord-034205-53i2tw65	219	30	to	to	IN
cord-034205-53i2tw65	219	31	the	the	DT
cord-034205-53i2tw65	219	32	club	club	NN
cord-034205-53i2tw65	219	33	.	.	.
cord-034205-53i2tw65	220	1	Especially	especially	RB
cord-034205-53i2tw65	220	2	for	for	IN
cord-034205-53i2tw65	220	3	investors	investor	NNS
cord-034205-53i2tw65	220	4	looking	look	VBG
cord-034205-53i2tw65	220	5	for	for	IN
cord-034205-53i2tw65	220	6	positive	positive	JJ
cord-034205-53i2tw65	220	7	recognition	recognition	NN
cord-034205-53i2tw65	220	8	,	,	,
cord-034205-53i2tw65	220	9	the	the	DT
cord-034205-53i2tw65	220	10	football	football	NN
cord-034205-53i2tw65	220	11	market	market	NN
cord-034205-53i2tw65	220	12	(	(	-LRB-
cord-034205-53i2tw65	220	13	which	which	WDT
cord-034205-53i2tw65	220	14	is	be	VBZ
cord-034205-53i2tw65	220	15	inherently	inherently	RB
cord-034205-53i2tw65	220	16	emotional	emotional	JJ
cord-034205-53i2tw65	220	17	)	)	-RRB-
cord-034205-53i2tw65	220	18	is	be	VBZ
cord-034205-53i2tw65	220	19	more	more	RBR
cord-034205-53i2tw65	220	20	promising	promising	JJ
cord-034205-53i2tw65	220	21	than	than	IN
cord-034205-53i2tw65	220	22	investments	investment	NNS
cord-034205-53i2tw65	220	23	in	in	IN
cord-034205-53i2tw65	220	24	other	other	JJ
cord-034205-53i2tw65	220	25	industries	industry	NNS
cord-034205-53i2tw65	220	26	.	.	.
cord-034205-53i2tw65	221	1	This	this	DT
cord-034205-53i2tw65	221	2	is	be	VBZ
cord-034205-53i2tw65	221	3	because	because	IN
cord-034205-53i2tw65	221	4	investments	investment	NNS
cord-034205-53i2tw65	221	5	in	in	IN
cord-034205-53i2tw65	221	6	football	football	NN
cord-034205-53i2tw65	221	7	allow	allow	VBP
cord-034205-53i2tw65	221	8	investors	investor	NNS
cord-034205-53i2tw65	221	9	to	to	TO
cord-034205-53i2tw65	221	10	be	be	VB
cord-034205-53i2tw65	221	11	associated	associate	VBN
cord-034205-53i2tw65	221	12	directly	directly	RB
cord-034205-53i2tw65	221	13	with	with	IN
cord-034205-53i2tw65	221	14	the	the	DT
cord-034205-53i2tw65	221	15	club	club	NN
cord-034205-53i2tw65	221	16	's	's	POS
cord-034205-53i2tw65	221	17	results	result	NNS
cord-034205-53i2tw65	221	18	in	in	IN
cord-034205-53i2tw65	221	19	public	public	JJ
cord-034205-53i2tw65	221	20	discussions	discussion	NNS
cord-034205-53i2tw65	221	21	(	(	-LRB-
cord-034205-53i2tw65	221	22	Franck	Franck	NNP
cord-034205-53i2tw65	221	23	2010a	2010a	NNS
cord-034205-53i2tw65	221	24	)	)	-RRB-
cord-034205-53i2tw65	221	25	.	.	.
cord-034205-53i2tw65	222	1	In	in	IN
cord-034205-53i2tw65	222	2	the	the	DT
cord-034205-53i2tw65	222	3	case	case	NN
cord-034205-53i2tw65	222	4	of	of	IN
cord-034205-53i2tw65	222	5	institutional	institutional	JJ
cord-034205-53i2tw65	222	6	investors	investor	NNS
cord-034205-53i2tw65	222	7	and	and	CC
cord-034205-53i2tw65	222	8	investors	investor	NNS
cord-034205-53i2tw65	222	9	connected	connect	VBN
cord-034205-53i2tw65	222	10	to	to	IN
cord-034205-53i2tw65	222	11	(	(	-LRB-
cord-034205-53i2tw65	222	12	foreign	foreign	JJ
cord-034205-53i2tw65	222	13	)	)	-RRB-
cord-034205-53i2tw65	222	14	governments	government	NNS
cord-034205-53i2tw65	222	15	,	,	,
cord-034205-53i2tw65	222	16	investments	investment	NNS
cord-034205-53i2tw65	222	17	in	in	IN
cord-034205-53i2tw65	222	18	sport	sport	NN
cord-034205-53i2tw65	222	19	(	(	-LRB-
cord-034205-53i2tw65	222	20	and	and	CC
cord-034205-53i2tw65	222	21	in	in	IN
cord-034205-53i2tw65	222	22	football	football	NN
cord-034205-53i2tw65	222	23	clubs	club	NNS
cord-034205-53i2tw65	222	24	particularly	particularly	RB
cord-034205-53i2tw65	222	25	)	)	-RRB-
cord-034205-53i2tw65	222	26	can	can	MD
cord-034205-53i2tw65	222	27	serve	serve	VB
cord-034205-53i2tw65	222	28	as	as	IN
cord-034205-53i2tw65	222	29	parts	part	NNS
cord-034205-53i2tw65	222	30	of	of	IN
cord-034205-53i2tw65	222	31	a	a	DT
cord-034205-53i2tw65	222	32	reputation	reputation	NN
cord-034205-53i2tw65	222	33	management	management	NN
cord-034205-53i2tw65	222	34	strategy	strategy	NN
cord-034205-53i2tw65	222	35	and	and	CC
cord-034205-53i2tw65	222	36	nation	nation	NN
cord-034205-53i2tw65	222	37	branding	branding	NN
cord-034205-53i2tw65	223	1	(	(	-LRB-
cord-034205-53i2tw65	223	2	Buschmann	Buschmann	NNP
cord-034205-53i2tw65	223	3	and	and	CC
cord-034205-53i2tw65	223	4	Winterback	Winterback	NNP
cord-034205-53i2tw65	223	5	2019	2019	CD
cord-034205-53i2tw65	223	6	)	)	-RRB-
cord-034205-53i2tw65	223	7	.	.	.
cord-034205-53i2tw65	224	1	Furthermore	furthermore	RB
cord-034205-53i2tw65	224	2	,	,	,
cord-034205-53i2tw65	224	3	football	football	NN
cord-034205-53i2tw65	224	4	club	club	NN
cord-034205-53i2tw65	224	5	ownership	ownership	NN
cord-034205-53i2tw65	224	6	might	may	MD
cord-034205-53i2tw65	224	7	also	also	RB
cord-034205-53i2tw65	224	8	be	be	VB
cord-034205-53i2tw65	224	9	a	a	DT
cord-034205-53i2tw65	224	10	hobby	hobby	NN
cord-034205-53i2tw65	224	11	for	for	IN
cord-034205-53i2tw65	224	12	rich	rich	JJ
cord-034205-53i2tw65	224	13	business	business	NN
cord-034205-53i2tw65	224	14	people	people	NNS
cord-034205-53i2tw65	224	15	(	(	-LRB-
cord-034205-53i2tw65	224	16	Franck	Franck	NNP
cord-034205-53i2tw65	224	17	2010b	2010b	CD
cord-034205-53i2tw65	224	18	)	)	-RRB-
cord-034205-53i2tw65	224	19	,	,	,
cord-034205-53i2tw65	224	20	as	as	IN
cord-034205-53i2tw65	224	21	a	a	DT
cord-034205-53i2tw65	224	22	kind	kind	NN
cord-034205-53i2tw65	224	23	of	of	IN
cord-034205-53i2tw65	224	24	"	"	``
cord-034205-53i2tw65	224	25	conspicuous	conspicuous	JJ
cord-034205-53i2tw65	224	26	consumption	consumption	NN
cord-034205-53i2tw65	224	27	"	"	''
cord-034205-53i2tw65	224	28	(	(	-LRB-
cord-034205-53i2tw65	224	29	Veblen	Veblen	NNP
cord-034205-53i2tw65	224	30	1973	1973	CD
cord-034205-53i2tw65	224	31	)	)	-RRB-
cord-034205-53i2tw65	224	32	.	.	.
cord-034205-53i2tw65	225	1	Besides	besides	IN
cord-034205-53i2tw65	225	2	the	the	DT
cord-034205-53i2tw65	225	3	entry	entry	NN
cord-034205-53i2tw65	225	4	of	of	IN
cord-034205-53i2tw65	225	5	financial	financial	JJ
cord-034205-53i2tw65	225	6	investors	investor	NNS
cord-034205-53i2tw65	225	7	,	,	,
cord-034205-53i2tw65	225	8	income	income	NN
cord-034205-53i2tw65	225	9	from	from	IN
cord-034205-53i2tw65	225	10	merchandising	merchandising	NN
cord-034205-53i2tw65	225	11	and	and	CC
cord-034205-53i2tw65	225	12	advertising	advertising	NN
cord-034205-53i2tw65	225	13	has	have	VBZ
cord-034205-53i2tw65	225	14	grown	grow	VBN
cord-034205-53i2tw65	225	15	;	;	:
cord-034205-53i2tw65	225	16	this	this	DT
cord-034205-53i2tw65	225	17	,	,	,
cord-034205-53i2tw65	225	18	again	again	RB
cord-034205-53i2tw65	225	19	,	,	,
cord-034205-53i2tw65	225	20	refers	refer	VBZ
cord-034205-53i2tw65	225	21	to	to	IN
cord-034205-53i2tw65	225	22	the	the	DT
cord-034205-53i2tw65	225	23	increased	increase	VBN
cord-034205-53i2tw65	225	24	professionalization	professionalization	NN
cord-034205-53i2tw65	225	25	and	and	CC
cord-034205-53i2tw65	225	26	commercialization	commercialization	NN
cord-034205-53i2tw65	225	27	that	that	WDT
cord-034205-53i2tw65	225	28	has	have	VBZ
cord-034205-53i2tw65	225	29	taken	take	VBN
cord-034205-53i2tw65	225	30	place	place	NN
cord-034205-53i2tw65	225	31	in	in	IN
cord-034205-53i2tw65	225	32	European	european	JJ
cord-034205-53i2tw65	225	33	football	football	NN
cord-034205-53i2tw65	225	34	and	and	CC
cord-034205-53i2tw65	225	35	opened	open	VBD
cord-034205-53i2tw65	225	36	new	new	JJ
cord-034205-53i2tw65	225	37	revenue	revenue	NN
cord-034205-53i2tw65	225	38	potential	potential	NN
cord-034205-53i2tw65	225	39	(	(	-LRB-
cord-034205-53i2tw65	225	40	Berenberg	Berenberg	NNP
cord-034205-53i2tw65	225	41	2015	2015	CD
cord-034205-53i2tw65	225	42	)	)	-RRB-
cord-034205-53i2tw65	225	43	.	.	.
cord-034205-53i2tw65	226	1	As	as	IN
cord-034205-53i2tw65	226	2	a	a	DT
cord-034205-53i2tw65	226	3	further	further	JJ
cord-034205-53i2tw65	226	4	driver	driver	NN
cord-034205-53i2tw65	226	5	for	for	IN
cord-034205-53i2tw65	226	6	the	the	DT
cord-034205-53i2tw65	226	7	revenue	revenue	NN
cord-034205-53i2tw65	226	8	increase	increase	NN
cord-034205-53i2tw65	226	9	at	at	IN
cord-034205-53i2tw65	226	10	least	least	JJS
cord-034205-53i2tw65	226	11	for	for	IN
cord-034205-53i2tw65	226	12	the	the	DT
cord-034205-53i2tw65	226	13	most	most	RBS
cord-034205-53i2tw65	226	14	successful	successful	JJ
cord-034205-53i2tw65	226	15	teams	team	NNS
cord-034205-53i2tw65	226	16	,	,	,
cord-034205-53i2tw65	226	17	prize	prize	NN
cord-034205-53i2tw65	226	18	money	money	NN
cord-034205-53i2tw65	226	19	in	in	IN
cord-034205-53i2tw65	226	20	international	international	JJ
cord-034205-53i2tw65	226	21	competitions	competition	NNS
cord-034205-53i2tw65	226	22	has	have	VBZ
cord-034205-53i2tw65	226	23	increased	increase	VBN
cord-034205-53i2tw65	226	24	considerably	considerably	RB
cord-034205-53i2tw65	226	25	in	in	IN
cord-034205-53i2tw65	226	26	recent	recent	JJ
cord-034205-53i2tw65	226	27	years	year	NNS
cord-034205-53i2tw65	226	28	(	(	-LRB-
cord-034205-53i2tw65	226	29	Rohde	Rohde	NNP
cord-034205-53i2tw65	226	30	and	and	CC
cord-034205-53i2tw65	226	31	Breuer	Breuer	NNP
cord-034205-53i2tw65	226	32	2017	2017	CD
cord-034205-53i2tw65	226	33	)	)	-RRB-
cord-034205-53i2tw65	226	34	.	.	.
cord-034205-53i2tw65	227	1	Although	although	IN
cord-034205-53i2tw65	227	2	it	-PRON-	PRP
cord-034205-53i2tw65	227	3	remains	remain	VBZ
cord-034205-53i2tw65	227	4	unclear	unclear	JJ
cord-034205-53i2tw65	227	5	whether	whether	IN
cord-034205-53i2tw65	227	6	the	the	DT
cord-034205-53i2tw65	227	7	European	european	JJ
cord-034205-53i2tw65	227	8	football	football	NN
cord-034205-53i2tw65	227	9	market	market	NN
cord-034205-53i2tw65	227	10	has	have	VBZ
cord-034205-53i2tw65	227	11	reached	reach	VBN
cord-034205-53i2tw65	227	12	the	the	DT
cord-034205-53i2tw65	227	13	Kindleberger	Kindleberger	NNP
cord-034205-53i2tw65	227	14	-	-	HYPH
cord-034205-53i2tw65	227	15	Minsky	Minsky	NNP
cord-034205-53i2tw65	227	16	"	"	``
cord-034205-53i2tw65	227	17	euphoria	euphoria	NN
cord-034205-53i2tw65	227	18	"	"	''
cord-034205-53i2tw65	227	19	stage	stage	NN
cord-034205-53i2tw65	227	20	,	,	,
cord-034205-53i2tw65	227	21	several	several	JJ
cord-034205-53i2tw65	227	22	key	key	JJ
cord-034205-53i2tw65	227	23	components	component	NNS
cord-034205-53i2tw65	227	24	of	of	IN
cord-034205-53i2tw65	227	25	that	that	DT
cord-034205-53i2tw65	227	26	stage	stage	NN
cord-034205-53i2tw65	227	27	indicate	indicate	VBP
cord-034205-53i2tw65	227	28	that	that	IN
cord-034205-53i2tw65	227	29	euphoria	euphoria	NN
cord-034205-53i2tw65	227	30	is	be	VBZ
cord-034205-53i2tw65	227	31	very	very	RB
cord-034205-53i2tw65	227	32	unlikely	unlikely	JJ
cord-034205-53i2tw65	227	33	in	in	IN
cord-034205-53i2tw65	227	34	the	the	DT
cord-034205-53i2tw65	227	35	football	football	NN
cord-034205-53i2tw65	227	36	market	market	NN
cord-034205-53i2tw65	227	37	,	,	,
cord-034205-53i2tw65	227	38	given	give	VBN
cord-034205-53i2tw65	227	39	its	-PRON-	PRP$
cord-034205-53i2tw65	227	40	peculiarities	peculiarity	NNS
cord-034205-53i2tw65	227	41	.	.	.
cord-034205-53i2tw65	228	1	As	as	IN
cord-034205-53i2tw65	228	2	Kindleberger	Kindleberger	NNP
cord-034205-53i2tw65	228	3	and	and	CC
cord-034205-53i2tw65	228	4	Aliber	Aliber	NNP
cord-034205-53i2tw65	228	5	(	(	-LRB-
cord-034205-53i2tw65	228	6	2005	2005	CD
cord-034205-53i2tw65	228	7	,	,	,
cord-034205-53i2tw65	228	8	p.	p.	NN
cord-034205-53i2tw65	228	9	13	13	CD
cord-034205-53i2tw65	228	10	)	)	-RRB-
cord-034205-53i2tw65	228	11	note	note	NN
cord-034205-53i2tw65	228	12	,	,	,
cord-034205-53i2tw65	228	13	price	price	NN
cord-034205-53i2tw65	228	14	increases	increase	NNS
cord-034205-53i2tw65	228	15	are	be	VBP
cord-034205-53i2tw65	228	16	often	often	RB
cord-034205-53i2tw65	228	17	"	"	``
cord-034205-53i2tw65	228	18	accompanied	accompany	VBN
cord-034205-53i2tw65	228	19	by	by	IN
cord-034205-53i2tw65	228	20	an	an	DT
cord-034205-53i2tw65	228	21	increase	increase	NN
cord-034205-53i2tw65	228	22	in	in	IN
cord-034205-53i2tw65	228	23	trading	trading	NN
cord-034205-53i2tw65	228	24	volume	volume	NN
cord-034205-53i2tw65	228	25	.	.	.
cord-034205-53i2tw65	229	1	"	"	``
cord-034205-53i2tw65	229	2	9	9	CD
cord-034205-53i2tw65	229	3	Fig	fig	NN
cord-034205-53i2tw65	229	4	.	.	.
cord-034205-53i2tw65	230	1	4	4	LS
cord-034205-53i2tw65	230	2	,	,	,
cord-034205-53i2tw65	230	3	however	however	RB
cord-034205-53i2tw65	230	4	,	,	,
cord-034205-53i2tw65	230	5	shows	show	VBZ
cord-034205-53i2tw65	230	6	that	that	IN
cord-034205-53i2tw65	230	7	there	there	EX
cord-034205-53i2tw65	230	8	has	have	VBZ
cord-034205-53i2tw65	230	9	been	be	VBN
cord-034205-53i2tw65	230	10	only	only	RB
cord-034205-53i2tw65	230	11	a	a	DT
cord-034205-53i2tw65	230	12	slight	slight	JJ
cord-034205-53i2tw65	230	13	increase	increase	NN
cord-034205-53i2tw65	230	14	in	in	IN
cord-034205-53i2tw65	230	15	trading	trading	NN
cord-034205-53i2tw65	230	16	volume	volume	NN
cord-034205-53i2tw65	230	17	(	(	-LRB-
cord-034205-53i2tw65	230	18	i.e.	i.e.	FW
cord-034205-53i2tw65	230	19	,	,	,
cord-034205-53i2tw65	230	20	the	the	DT
cord-034205-53i2tw65	230	21	number	number	NN
cord-034205-53i2tw65	230	22	of	of	IN
cord-034205-53i2tw65	230	23	new	new	JJ
cord-034205-53i2tw65	230	24	arrivals	arrival	NNS
cord-034205-53i2tw65	230	25	)	)	-RRB-
cord-034205-53i2tw65	230	26	in	in	IN
cord-034205-53i2tw65	230	27	European	european	JJ
cord-034205-53i2tw65	230	28	football	football	NN
cord-034205-53i2tw65	230	29	(	(	-LRB-
cord-034205-53i2tw65	230	30	except	except	IN
cord-034205-53i2tw65	230	31	Spain	Spain	NNP
cord-034205-53i2tw65	230	32	)	)	-RRB-
cord-034205-53i2tw65	230	33	,	,	,
cord-034205-53i2tw65	230	34	despite	despite	IN
cord-034205-53i2tw65	230	35	some	some	DT
cord-034205-53i2tw65	230	36	variations	variation	NNS
cord-034205-53i2tw65	230	37	.	.	.
cord-034205-53i2tw65	231	1	10	10	CD
cord-034205-53i2tw65	231	2	Most	Most	JJS
cord-034205-53i2tw65	231	3	aspects	aspect	NNS
cord-034205-53i2tw65	231	4	that	that	WDT
cord-034205-53i2tw65	231	5	favor	favor	VBP
cord-034205-53i2tw65	231	6	speculative	speculative	JJ
cord-034205-53i2tw65	231	7	trading	trading	NN
cord-034205-53i2tw65	231	8	-	-	:
cord-034205-53i2tw65	231	9	a	a	DT
cord-034205-53i2tw65	231	10	characteristic	characteristic	NN
cord-034205-53i2tw65	231	11	of	of	IN
cord-034205-53i2tw65	231	12	the	the	DT
cord-034205-53i2tw65	231	13	euphoria	euphoria	NN
cord-034205-53i2tw65	231	14	stage	stage	NN
cord-034205-53i2tw65	231	15	-	-	,
cord-034205-53i2tw65	231	16	are	be	VBP
cord-034205-53i2tw65	231	17	regulated	regulate	VBN
cord-034205-53i2tw65	231	18	in	in	IN
cord-034205-53i2tw65	231	19	the	the	DT
cord-034205-53i2tw65	231	20	football	football	NN
cord-034205-53i2tw65	231	21	labor	labor	NN
cord-034205-53i2tw65	231	22	market	market	NN
cord-034205-53i2tw65	231	23	.	.	.
cord-034205-53i2tw65	232	1	First	first	RB
cord-034205-53i2tw65	232	2	,	,	,
cord-034205-53i2tw65	232	3	the	the	DT
cord-034205-53i2tw65	232	4	fixed	fix	VBN
cord-034205-53i2tw65	232	5	and	and	CC
cord-034205-53i2tw65	232	6	rather	rather	RB
cord-034205-53i2tw65	232	7	short	short	JJ
cord-034205-53i2tw65	232	8	transfer	transfer	NN
cord-034205-53i2tw65	232	9	windows	window	NNS
cord-034205-53i2tw65	232	10	largely	largely	RB
cord-034205-53i2tw65	232	11	restrict	restrict	VBP
cord-034205-53i2tw65	232	12	the	the	DT
cord-034205-53i2tw65	232	13	possibility	possibility	NN
cord-034205-53i2tw65	232	14	of	of	IN
cord-034205-53i2tw65	232	15	large	large	JJ
cord-034205-53i2tw65	232	16	fluctuations	fluctuation	NNS
cord-034205-53i2tw65	232	17	in	in	IN
cord-034205-53i2tw65	232	18	,	,	,
cord-034205-53i2tw65	232	19	and	and	CC
cord-034205-53i2tw65	232	20	speculations	speculation	NNS
cord-034205-53i2tw65	232	21	on	on	IN
cord-034205-53i2tw65	232	22	,	,	,
cord-034205-53i2tw65	232	23	player	player	NN
cord-034205-53i2tw65	232	24	values	value	NNS
cord-034205-53i2tw65	232	25	.	.	.
cord-034205-53i2tw65	233	1	Moreover	moreover	RB
cord-034205-53i2tw65	233	2	,	,	,
cord-034205-53i2tw65	233	3	players	player	NNS
cord-034205-53i2tw65	233	4	can	can	MD
cord-034205-53i2tw65	233	5	be	be	VB
cord-034205-53i2tw65	233	6	registered	register	VBN
cord-034205-53i2tw65	233	7	for	for	IN
cord-034205-53i2tw65	233	8	only	only	RB
cord-034205-53i2tw65	233	9	up	up	IN
cord-034205-53i2tw65	233	10	to	to	TO
cord-034205-53i2tw65	233	11	three	three	CD
cord-034205-53i2tw65	233	12	clubs	club	NNS
cord-034205-53i2tw65	233	13	per	per	IN
cord-034205-53i2tw65	233	14	season	season	NN
cord-034205-53i2tw65	233	15	(	(	-LRB-
cord-034205-53i2tw65	233	16	FIFA	FIFA	NNP
cord-034205-53i2tw65	233	17	2019	2019	CD
cord-034205-53i2tw65	233	18	,	,	,
cord-034205-53i2tw65	233	19	p.	p.	NN
cord-034205-53i2tw65	233	20	10	10	CD
cord-034205-53i2tw65	233	21	)	)	-RRB-
cord-034205-53i2tw65	233	22	.	.	.
cord-034205-53i2tw65	234	1	Hence	hence	RB
cord-034205-53i2tw65	234	2	,	,	,
cord-034205-53i2tw65	234	3	football	football	NN
cord-034205-53i2tw65	234	4	player	player	NN
cord-034205-53i2tw65	234	5	registrations	registration	NNS
cord-034205-53i2tw65	234	6	are	be	VBP
cord-034205-53i2tw65	234	7	not	not	RB
cord-034205-53i2tw65	234	8	assets	asset	NNS
cord-034205-53i2tw65	234	9	of	of	IN
cord-034205-53i2tw65	234	10	a	a	DT
cord-034205-53i2tw65	234	11	speculative	speculative	JJ
cord-034205-53i2tw65	234	12	nature	nature	NN
cord-034205-53i2tw65	234	13	,	,	,
cord-034205-53i2tw65	234	14	like	like	IN
cord-034205-53i2tw65	234	15	company	company	NN
cord-034205-53i2tw65	234	16	shares	share	NNS
cord-034205-53i2tw65	234	17	or	or	CC
cord-034205-53i2tw65	234	18	other	other	JJ
cord-034205-53i2tw65	234	19	financial	financial	JJ
cord-034205-53i2tw65	234	20	products	product	NNS
cord-034205-53i2tw65	234	21	with	with	IN
cord-034205-53i2tw65	234	22	frequent	frequent	JJ
cord-034205-53i2tw65	234	23	trading	trading	NN
cord-034205-53i2tw65	234	24	and	and	CC
cord-034205-53i2tw65	234	25	price	price	NN
cord-034205-53i2tw65	234	26	changes	change	NNS
cord-034205-53i2tw65	234	27	.	.	.
cord-034205-53i2tw65	235	1	Further	further	RB
cord-034205-53i2tw65	235	2	,	,	,
cord-034205-53i2tw65	235	3	it	-PRON-	PRP
cord-034205-53i2tw65	235	4	is	be	VBZ
cord-034205-53i2tw65	235	5	not	not	RB
cord-034205-53i2tw65	235	6	necessarily	necessarily	RB
cord-034205-53i2tw65	235	7	the	the	DT
cord-034205-53i2tw65	235	8	club	club	NN
cord-034205-53i2tw65	235	9	's	's	POS
cord-034205-53i2tw65	235	10	objective	objective	NN
cord-034205-53i2tw65	235	11	to	to	TO
cord-034205-53i2tw65	235	12	make	make	VB
cord-034205-53i2tw65	235	13	a	a	DT
cord-034205-53i2tw65	235	14	profit	profit	NN
cord-034205-53i2tw65	235	15	with	with	IN
cord-034205-53i2tw65	235	16	player	player	NN
cord-034205-53i2tw65	235	17	trading	trading	NN
cord-034205-53i2tw65	235	18	.	.	.
cord-034205-53i2tw65	236	1	As	as	IN
cord-034205-53i2tw65	236	2	described	describe	VBN
cord-034205-53i2tw65	236	3	,	,	,
cord-034205-53i2tw65	236	4	clubs	club	NNS
cord-034205-53i2tw65	236	5	can	can	MD
cord-034205-53i2tw65	236	6	benefit	benefit	VB
cord-034205-53i2tw65	236	7	from	from	IN
cord-034205-53i2tw65	236	8	player	player	NN
cord-034205-53i2tw65	236	9	registrations	registration	NNS
cord-034205-53i2tw65	236	10	through	through	IN
cord-034205-53i2tw65	236	11	their	-PRON-	PRP$
cord-034205-53i2tw65	236	12	contribution	contribution	NN
cord-034205-53i2tw65	236	13	to	to	IN
cord-034205-53i2tw65	236	14	the	the	DT
cord-034205-53i2tw65	236	15	team	team	NN
cord-034205-53i2tw65	236	16	's	's	POS
cord-034205-53i2tw65	236	17	sporting	sporting	NN
cord-034205-53i2tw65	236	18	or	or	CC
cord-034205-53i2tw65	236	19	commercial	commercial	JJ
cord-034205-53i2tw65	236	20	success	success	NN
cord-034205-53i2tw65	236	21	.	.	.
cord-034205-53i2tw65	237	1	Unlike	unlike	IN
cord-034205-53i2tw65	237	2	many	many	JJ
cord-034205-53i2tw65	237	3	other	other	JJ
cord-034205-53i2tw65	237	4	markets	market	NNS
cord-034205-53i2tw65	237	5	,	,	,
cord-034205-53i2tw65	237	6	only	only	RB
cord-034205-53i2tw65	237	7	a	a	DT
cord-034205-53i2tw65	237	8	small	small	JJ
cord-034205-53i2tw65	237	9	group	group	NN
cord-034205-53i2tw65	237	10	of	of	IN
cord-034205-53i2tw65	237	11	club	club	NN
cord-034205-53i2tw65	237	12	managers	manager	NNS
cord-034205-53i2tw65	237	13	can	can	MD
cord-034205-53i2tw65	237	14	trade	trade	VB
cord-034205-53i2tw65	237	15	players	player	NNS
cord-034205-53i2tw65	237	16	,	,	,
cord-034205-53i2tw65	237	17	preventing	prevent	VBG
cord-034205-53i2tw65	237	18	those	those	DT
cord-034205-53i2tw65	237	19	who	who	WP
cord-034205-53i2tw65	237	20	lack	lack	VBP
cord-034205-53i2tw65	237	21	the	the	DT
cord-034205-53i2tw65	237	22	required	require	VBN
cord-034205-53i2tw65	237	23	expertise	expertise	NN
cord-034205-53i2tw65	237	24	(	(	-LRB-
cord-034205-53i2tw65	237	25	e.g.	e.g.	RB
cord-034205-53i2tw65	237	26	,	,	,
cord-034205-53i2tw65	237	27	hobby	hobby	NN
cord-034205-53i2tw65	237	28	managers	manager	NNS
cord-034205-53i2tw65	237	29	)	)	-RRB-
cord-034205-53i2tw65	237	30	and	and	CC
cord-034205-53i2tw65	237	31	just	just	RB
cord-034205-53i2tw65	237	32	follow	follow	VB
cord-034205-53i2tw65	237	33	others	other	NNS
cord-034205-53i2tw65	237	34	from	from	IN
cord-034205-53i2tw65	237	35	investing	invest	VBG
cord-034205-53i2tw65	237	36	in	in	IN
cord-034205-53i2tw65	237	37	player	player	NN
cord-034205-53i2tw65	237	38	registrations	registration	NNS
cord-034205-53i2tw65	237	39	.	.	.
cord-034205-53i2tw65	238	1	As	as	IN
cord-034205-53i2tw65	238	2	a	a	DT
cord-034205-53i2tw65	238	3	consequence	consequence	NN
cord-034205-53i2tw65	238	4	,	,	,
cord-034205-53i2tw65	238	5	only	only	RB
cord-034205-53i2tw65	238	6	a	a	DT
cord-034205-53i2tw65	238	7	small	small	JJ
cord-034205-53i2tw65	238	8	group	group	NN
cord-034205-53i2tw65	238	9	of	of	IN
cord-034205-53i2tw65	238	10	people	people	NNS
cord-034205-53i2tw65	238	11	drives	drive	VBZ
cord-034205-53i2tw65	238	12	the	the	DT
cord-034205-53i2tw65	238	13	transfer	transfer	NN
cord-034205-53i2tw65	238	14	fees	fee	NNS
cord-034205-53i2tw65	238	15	(	(	-LRB-
cord-034205-53i2tw65	238	16	i.e.	i.e.	FW
cord-034205-53i2tw65	238	17	,	,	,
cord-034205-53i2tw65	238	18	the	the	DT
cord-034205-53i2tw65	238	19	price	price	NN
cord-034205-53i2tw65	238	20	)	)	-RRB-
cord-034205-53i2tw65	238	21	,	,	,
cord-034205-53i2tw65	238	22	which	which	WDT
cord-034205-53i2tw65	238	23	restricts	restrict	VBZ
cord-034205-53i2tw65	238	24	excessive	excessive	JJ
cord-034205-53i2tw65	238	25	(	(	-LRB-
cord-034205-53i2tw65	238	26	irrational	irrational	JJ
cord-034205-53i2tw65	238	27	)	)	-RRB-
cord-034205-53i2tw65	238	28	herding	herding	NN
cord-034205-53i2tw65	238	29	behavior	behavior	NN
cord-034205-53i2tw65	238	30	and	and	CC
cord-034205-53i2tw65	238	31	the	the	DT
cord-034205-53i2tw65	238	32	belief	belief	NN
cord-034205-53i2tw65	238	33	in	in	IN
cord-034205-53i2tw65	238	34	ever	ever	RB
cord-034205-53i2tw65	238	35	-	-	HYPH
cord-034205-53i2tw65	238	36	growing	grow	VBG
cord-034205-53i2tw65	238	37	prices	price	NNS
cord-034205-53i2tw65	238	38	.	.	.
cord-034205-53i2tw65	238	39	 	 	_SP
cord-034205-53i2tw65	239	1	The	the	DT
cord-034205-53i2tw65	239	2	recent	recent	JJ
cord-034205-53i2tw65	239	3	development	development	NN
cord-034205-53i2tw65	239	4	of	of	IN
cord-034205-53i2tw65	239	5	transfer	transfer	NN
cord-034205-53i2tw65	239	6	fees	fee	NNS
cord-034205-53i2tw65	239	7	in	in	IN
cord-034205-53i2tw65	239	8	European	european	JJ
cord-034205-53i2tw65	239	9	football	football	NN
cord-034205-53i2tw65	239	10	-	-	:
cord-034205-53i2tw65	239	11	in	in	IN
cord-034205-53i2tw65	239	12	particular	particular	JJ
cord-034205-53i2tw65	239	13	the	the	DT
cord-034205-53i2tw65	239	14	rapid	rapid	JJ
cord-034205-53i2tw65	239	15	increase	increase	NN
cord-034205-53i2tw65	239	16	from	from	IN
cord-034205-53i2tw65	239	17	2014/2015	2014/2015	CD
cord-034205-53i2tw65	239	18	to	to	IN
cord-034205-53i2tw65	239	19	2017/2018-has	2017/2018-has	CD
cord-034205-53i2tw65	239	20	followed	follow	VBD
cord-034205-53i2tw65	239	21	a	a	DT
cord-034205-53i2tw65	239	22	pattern	pattern	NN
cord-034205-53i2tw65	239	23	resembling	resemble	VBG
cord-034205-53i2tw65	239	24	historical	historical	JJ
cord-034205-53i2tw65	239	25	speculative	speculative	JJ
cord-034205-53i2tw65	239	26	bubbles	bubble	NNS
cord-034205-53i2tw65	239	27	as	as	IN
cord-034205-53i2tw65	239	28	described	describe	VBN
cord-034205-53i2tw65	239	29	by	by	IN
cord-034205-53i2tw65	239	30	the	the	DT
cord-034205-53i2tw65	239	31	Kindleberger	Kindleberger	NNP
cord-034205-53i2tw65	239	32	-	-	HYPH
cord-034205-53i2tw65	239	33	Minsky	Minsky	NNP
cord-034205-53i2tw65	239	34	model	model	NN
cord-034205-53i2tw65	239	35	.	.	.
cord-034205-53i2tw65	240	1	In	in	IN
cord-034205-53i2tw65	240	2	particular	particular	JJ
cord-034205-53i2tw65	240	3	,	,	,
cord-034205-53i2tw65	240	4	the	the	DT
cord-034205-53i2tw65	240	5	Premier	Premier	NNP
cord-034205-53i2tw65	240	6	League	League	NNP
cord-034205-53i2tw65	240	7	stands	stand	VBZ
cord-034205-53i2tw65	240	8	out	out	RP
cord-034205-53i2tw65	240	9	in	in	IN
cord-034205-53i2tw65	240	10	both	both	DT
cord-034205-53i2tw65	240	11	recent	recent	JJ
cord-034205-53i2tw65	240	12	revenue	revenue	NN
cord-034205-53i2tw65	240	13	and	and	CC
cord-034205-53i2tw65	240	14	transfer	transfer	NN
cord-034205-53i2tw65	240	15	fee	fee	NN
cord-034205-53i2tw65	240	16	increases	increase	NNS
cord-034205-53i2tw65	240	17	.	.	.
cord-034205-53i2tw65	241	1	Following	follow	VBG
cord-034205-53i2tw65	241	2	Minsky	Minsky	NNP
cord-034205-53i2tw65	241	3	(	(	-LRB-
cord-034205-53i2tw65	241	4	1982	1982	CD
cord-034205-53i2tw65	241	5	,	,	,
cord-034205-53i2tw65	241	6	p.	p.	NN
cord-034205-53i2tw65	241	7	13	13	CD
cord-034205-53i2tw65	241	8	)	)	-RRB-
cord-034205-53i2tw65	241	9	,	,	,
cord-034205-53i2tw65	241	10	a	a	DT
cord-034205-53i2tw65	241	11	bubble	bubble	NN
cord-034205-53i2tw65	241	12	exists	exist	VBZ
cord-034205-53i2tw65	241	13	if	if	IN
cord-034205-53i2tw65	241	14	the	the	DT
cord-034205-53i2tw65	241	15	price	price	NN
cord-034205-53i2tw65	241	16	increase	increase	NN
cord-034205-53i2tw65	241	17	is	be	VBZ
cord-034205-53i2tw65	241	18	based	base	VBN
cord-034205-53i2tw65	241	19	on	on	IN
cord-034205-53i2tw65	241	20	debt	debt	NN
cord-034205-53i2tw65	241	21	-	-	HYPH
cord-034205-53i2tw65	241	22	financing	financing	NN
cord-034205-53i2tw65	241	23	and	and	CC
cord-034205-53i2tw65	241	24	is	be	VBZ
cord-034205-53i2tw65	241	25	not	not	RB
cord-034205-53i2tw65	241	26	backed	back	VBN
cord-034205-53i2tw65	241	27	up	up	RP
cord-034205-53i2tw65	241	28	by	by	IN
cord-034205-53i2tw65	241	29	a	a	DT
cord-034205-53i2tw65	241	30	sustainable	sustainable	JJ
cord-034205-53i2tw65	241	31	cash	cash	NN
cord-034205-53i2tw65	241	32	inflow	inflow	NN
cord-034205-53i2tw65	241	33	.	.	.
cord-034205-53i2tw65	242	1	Thus	thus	RB
cord-034205-53i2tw65	242	2	,	,	,
cord-034205-53i2tw65	242	3	the	the	DT
cord-034205-53i2tw65	242	4	development	development	NN
cord-034205-53i2tw65	242	5	in	in	IN
cord-034205-53i2tw65	242	6	football	football	NN
cord-034205-53i2tw65	242	7	is	be	VBZ
cord-034205-53i2tw65	242	8	not	not	RB
cord-034205-53i2tw65	242	9	critical	critical	JJ
cord-034205-53i2tw65	242	10	as	as	RB
cord-034205-53i2tw65	242	11	long	long	RB
cord-034205-53i2tw65	242	12	as	as	IN
cord-034205-53i2tw65	242	13	higher	high	JJR
cord-034205-53i2tw65	242	14	transfer	transfer	NN
cord-034205-53i2tw65	242	15	fees	fee	NNS
cord-034205-53i2tw65	242	16	are	be	VBP
cord-034205-53i2tw65	242	17	backed	back	VBN
cord-034205-53i2tw65	242	18	by	by	IN
cord-034205-53i2tw65	242	19	a	a	DT
cord-034205-53i2tw65	242	20	respective	respective	JJ
cord-034205-53i2tw65	242	21	cash	cash	NN
cord-034205-53i2tw65	242	22	inflow	inflow	NN
cord-034205-53i2tw65	242	23	(	(	-LRB-
cord-034205-53i2tw65	242	24	i.e.	i.e.	FW
cord-034205-53i2tw65	242	25	,	,	,
cord-034205-53i2tw65	242	26	broadcasting	broadcasting	NN
cord-034205-53i2tw65	242	27	income	income	NN
cord-034205-53i2tw65	242	28	,	,	,
cord-034205-53i2tw65	242	29	investors	investor	NNS
cord-034205-53i2tw65	242	30	)	)	-RRB-
cord-034205-53i2tw65	242	31	that	that	WDT
cord-034205-53i2tw65	242	32	allows	allow	VBZ
cord-034205-53i2tw65	242	33	clubs	club	NNS
cord-034205-53i2tw65	242	34	to	to	TO
cord-034205-53i2tw65	242	35	meet	meet	VB
cord-034205-53i2tw65	242	36	current	current	JJ
cord-034205-53i2tw65	242	37	and	and	CC
cord-034205-53i2tw65	242	38	future	future	JJ
cord-034205-53i2tw65	242	39	obligations	obligation	NNS
cord-034205-53i2tw65	242	40	.	.	.
cord-034205-53i2tw65	243	1	Additionally	additionally	RB
cord-034205-53i2tw65	243	2	,	,	,
cord-034205-53i2tw65	243	3	in	in	IN
cord-034205-53i2tw65	243	4	contrast	contrast	NN
cord-034205-53i2tw65	243	5	to	to	IN
cord-034205-53i2tw65	243	6	previous	previous	JJ
cord-034205-53i2tw65	243	7	bubbles	bubble	NNS
cord-034205-53i2tw65	243	8	,	,	,
cord-034205-53i2tw65	243	9	the	the	DT
cord-034205-53i2tw65	243	10	respective	respective	JJ
cord-034205-53i2tw65	243	11	cash	cash	NN
cord-034205-53i2tw65	243	12	inflows	inflow	NNS
cord-034205-53i2tw65	243	13	presented	present	VBN
cord-034205-53i2tw65	243	14	in	in	IN
cord-034205-53i2tw65	243	15	chapter	chapter	NN
cord-034205-53i2tw65	243	16	3.2.2	3.2.2	NN
cord-034205-53i2tw65	243	17	primarily	primarily	RB
cord-034205-53i2tw65	243	18	represent	represent	VBP
cord-034205-53i2tw65	243	19	actual	actual	JJ
cord-034205-53i2tw65	243	20	revenues	revenue	NNS
cord-034205-53i2tw65	243	21	instead	instead	RB
cord-034205-53i2tw65	243	22	of	of	IN
cord-034205-53i2tw65	243	23	external	external	JJ
cord-034205-53i2tw65	243	24	financing	financing	NN
cord-034205-53i2tw65	243	25	.	.	.
cord-034205-53i2tw65	244	1	11	11	CD
cord-034205-53i2tw65	245	1	To	to	TO
cord-034205-53i2tw65	245	2	complement	complement	VB
cord-034205-53i2tw65	245	3	the	the	DT
cord-034205-53i2tw65	245	4	findings	finding	NNS
cord-034205-53i2tw65	245	5	from	from	IN
cord-034205-53i2tw65	245	6	the	the	DT
cord-034205-53i2tw65	245	7	Kindleberger	Kindleberger	NNP
cord-034205-53i2tw65	245	8	-	-	HYPH
cord-034205-53i2tw65	245	9	Minsky	Minsky	NNP
cord-034205-53i2tw65	245	10	model	model	NN
cord-034205-53i2tw65	245	11	,	,	,
cord-034205-53i2tw65	245	12	we	-PRON-	PRP
cord-034205-53i2tw65	245	13	analyze	analyze	VBP
cord-034205-53i2tw65	245	14	typical	typical	JJ
cord-034205-53i2tw65	245	15	indicators	indicator	NNS
cord-034205-53i2tw65	245	16	for	for	IN
cord-034205-53i2tw65	245	17	bubble	bubble	NN
cord-034205-53i2tw65	245	18	-	-	HYPH
cord-034205-53i2tw65	245	19	building	building	NN
cord-034205-53i2tw65	245	20	used	use	VBN
cord-034205-53i2tw65	245	21	in	in	IN
cord-034205-53i2tw65	245	22	other	other	JJ
cord-034205-53i2tw65	245	23	industries	industry	NNS
cord-034205-53i2tw65	245	24	.	.	.
cord-034205-53i2tw65	246	1	In	in	IN
cord-034205-53i2tw65	246	2	the	the	DT
cord-034205-53i2tw65	246	3	housing	housing	NN
cord-034205-53i2tw65	246	4	market	market	NN
cord-034205-53i2tw65	246	5	,	,	,
cord-034205-53i2tw65	246	6	the	the	DT
cord-034205-53i2tw65	246	7	price	price	NN
cord-034205-53i2tw65	246	8	-	-	HYPH
cord-034205-53i2tw65	246	9	income	income	NN
cord-034205-53i2tw65	246	10	ratio	ratio	NN
cord-034205-53i2tw65	246	11	is	be	VBZ
cord-034205-53i2tw65	246	12	a	a	DT
cord-034205-53i2tw65	246	13	well	well	RB
cord-034205-53i2tw65	246	14	-	-	HYPH
cord-034205-53i2tw65	246	15	established	establish	VBN
cord-034205-53i2tw65	246	16	indicator	indicator	NN
cord-034205-53i2tw65	246	17	for	for	IN
cord-034205-53i2tw65	246	18	testing	test	VBG
cord-034205-53i2tw65	246	19	speculative	speculative	JJ
cord-034205-53i2tw65	246	20	bubbles	bubble	NNS
cord-034205-53i2tw65	246	21	and	and	CC
cord-034205-53i2tw65	246	22	financial	financial	JJ
cord-034205-53i2tw65	246	23	stability	stability	NN
cord-034205-53i2tw65	246	24	(	(	-LRB-
cord-034205-53i2tw65	246	25	Rosser	Rosser	NNP
cord-034205-53i2tw65	246	26	et	et	NNP
cord-034205-53i2tw65	246	27	al	al	NNP
cord-034205-53i2tw65	246	28	.	.	.
cord-034205-53i2tw65	247	1	2012	2012	CD
cord-034205-53i2tw65	247	2	,	,	,
cord-034205-53i2tw65	247	3	p.	p.	NN
cord-034205-53i2tw65	247	4	451	451	CD
cord-034205-53i2tw65	247	5	)	)	-RRB-
cord-034205-53i2tw65	247	6	;	;	:
cord-034205-53i2tw65	247	7	Deloitte	Deloitte	NNP
cord-034205-53i2tw65	247	8	uses	use	VBZ
cord-034205-53i2tw65	247	9	the	the	DT
cord-034205-53i2tw65	247	10	wagerevenue	wagerevenue	NN
cord-034205-53i2tw65	247	11	ratio	ratio	NN
cord-034205-53i2tw65	247	12	in	in	IN
cord-034205-53i2tw65	247	13	its	-PRON-	PRP$
cord-034205-53i2tw65	247	14	yearly	yearly	JJ
cord-034205-53i2tw65	247	15	football	football	NN
cord-034205-53i2tw65	247	16	report	report	NN
cord-034205-53i2tw65	247	17	(	(	-LRB-
cord-034205-53i2tw65	247	18	Deloitte	Deloitte	NNP
cord-034205-53i2tw65	247	19	2019	2019	CD
cord-034205-53i2tw65	247	20	,	,	,
cord-034205-53i2tw65	247	21	p.	p.	NN
cord-034205-53i2tw65	247	22	11	11	CD
cord-034205-53i2tw65	247	23	)	)	-RRB-
cord-034205-53i2tw65	247	24	.	.	.
cord-034205-53i2tw65	248	1	As	as	IN
cord-034205-53i2tw65	248	2	an	an	DT
cord-034205-53i2tw65	248	3	extension	extension	NN
cord-034205-53i2tw65	248	4	,	,	,
cord-034205-53i2tw65	248	5	we	-PRON-	PRP
cord-034205-53i2tw65	248	6	check	check	VBP
cord-034205-53i2tw65	248	7	for	for	IN
cord-034205-53i2tw65	248	8	the	the	DT
cord-034205-53i2tw65	248	9	relation	relation	NN
cord-034205-53i2tw65	248	10	between	between	IN
cord-034205-53i2tw65	248	11	club	club	NN
cord-034205-53i2tw65	248	12	revenue	revenue	NN
cord-034205-53i2tw65	248	13	and	and	CC
cord-034205-53i2tw65	248	14	transfer	transfer	NN
cord-034205-53i2tw65	248	15	fee	fee	NN
cord-034205-53i2tw65	248	16	spending	spending	NN
cord-034205-53i2tw65	248	17	,	,	,
cord-034205-53i2tw65	248	18	both	both	DT
cord-034205-53i2tw65	248	19	on	on	IN
cord-034205-53i2tw65	248	20	an	an	DT
cord-034205-53i2tw65	248	21	aggregated	aggregated	JJ
cord-034205-53i2tw65	248	22	level	level	NN
cord-034205-53i2tw65	248	23	.	.	.
cord-034205-53i2tw65	249	1	We	-PRON-	PRP
cord-034205-53i2tw65	249	2	set	set	VBP
cord-034205-53i2tw65	249	3	revenues	revenue	NNS
cord-034205-53i2tw65	249	4	(	(	-LRB-
cord-034205-53i2tw65	249	5	excluding	exclude	VBG
cord-034205-53i2tw65	249	6	player	player	NN
cord-034205-53i2tw65	249	7	trading	trading	NN
cord-034205-53i2tw65	249	8	)	)	-RRB-
cord-034205-53i2tw65	249	9	from	from	IN
cord-034205-53i2tw65	249	10	t	t	NNP
cord-034205-53i2tw65	249	11	−	−	NNP
cord-034205-53i2tw65	249	12	1	1	CD
cord-034205-53i2tw65	249	13	in	in	IN
cord-034205-53i2tw65	249	14	relation	relation	NN
cord-034205-53i2tw65	249	15	to	to	TO
cord-034205-53i2tw65	249	16	transfer	transfer	VB
cord-034205-53i2tw65	249	17	fee	fee	NN
cord-034205-53i2tw65	249	18	spending	spending	NN
cord-034205-53i2tw65	249	19	in	in	IN
cord-034205-53i2tw65	249	20	t	t	NN
cord-034205-53i2tw65	249	21	,	,	,
cord-034205-53i2tw65	249	22	assuming	assume	VBG
cord-034205-53i2tw65	249	23	that	that	IN
cord-034205-53i2tw65	249	24	clubs	club	NNS
cord-034205-53i2tw65	249	25	can	can	MD
cord-034205-53i2tw65	249	26	spend	spend	VB
cord-034205-53i2tw65	249	27	their	-PRON-	PRP$
cord-034205-53i2tw65	249	28	revenues	revenue	NNS
cord-034205-53i2tw65	249	29	in	in	IN
cord-034205-53i2tw65	249	30	the	the	DT
cord-034205-53i2tw65	249	31	following	follow	VBG
cord-034205-53i2tw65	249	32	transfer	transfer	NN
cord-034205-53i2tw65	249	33	window	window	NN
cord-034205-53i2tw65	249	34	at	at	IN
cord-034205-53i2tw65	249	35	the	the	DT
cord-034205-53i2tw65	249	36	earliest	early	JJS
cord-034205-53i2tw65	249	37	.	.	.
cord-034205-53i2tw65	250	1	This	this	DT
cord-034205-53i2tw65	250	2	indicator	indicator	NN
cord-034205-53i2tw65	250	3	allows	allow	VBZ
cord-034205-53i2tw65	250	4	us	-PRON-	PRP
cord-034205-53i2tw65	250	5	to	to	TO
cord-034205-53i2tw65	250	6	check	check	VB
cord-034205-53i2tw65	250	7	the	the	DT
cord-034205-53i2tw65	250	8	sustainability	sustainability	NN
cord-034205-53i2tw65	250	9	of	of	IN
cord-034205-53i2tw65	250	10	the	the	DT
cord-034205-53i2tw65	250	11	current	current	JJ
cord-034205-53i2tw65	250	12	transfer	transfer	NN
cord-034205-53i2tw65	250	13	fees	fee	NNS
cord-034205-53i2tw65	250	14	,	,	,
cord-034205-53i2tw65	250	15	in	in	IN
cord-034205-53i2tw65	250	16	the	the	DT
cord-034205-53i2tw65	250	17	sense	sense	NN
cord-034205-53i2tw65	250	18	that	that	IN
cord-034205-53i2tw65	250	19	a	a	DT
cord-034205-53i2tw65	250	20	rising	rise	VBG
cord-034205-53i2tw65	250	21	ratio	ratio	NN
cord-034205-53i2tw65	250	22	indicates	indicate	VBZ
cord-034205-53i2tw65	250	23	that	that	IN
cord-034205-53i2tw65	250	24	the	the	DT
cord-034205-53i2tw65	250	25	growth	growth	NN
cord-034205-53i2tw65	250	26	in	in	IN
cord-034205-53i2tw65	250	27	transfer	transfer	NN
cord-034205-53i2tw65	250	28	fee	fee	NN
cord-034205-53i2tw65	250	29	spending	spending	NN
cord-034205-53i2tw65	250	30	is	be	VBZ
cord-034205-53i2tw65	250	31	exceeding	exceed	VBG
cord-034205-53i2tw65	250	32	revenue	revenue	NN
cord-034205-53i2tw65	250	33	growth	growth	NN
cord-034205-53i2tw65	250	34	.	.	.
cord-034205-53i2tw65	251	1	Figure	figure	NN
cord-034205-53i2tw65	251	2	5	5	CD
cord-034205-53i2tw65	251	3	shows	show	VBZ
cord-034205-53i2tw65	251	4	a	a	DT
cord-034205-53i2tw65	251	5	mixed	mixed	JJ
cord-034205-53i2tw65	251	6	picture	picture	NN
cord-034205-53i2tw65	251	7	by	by	IN
cord-034205-53i2tw65	251	8	leagues	league	NNS
cord-034205-53i2tw65	251	9	.	.	.
cord-034205-53i2tw65	252	1	While	while	IN
cord-034205-53i2tw65	252	2	a	a	DT
cord-034205-53i2tw65	252	3	trend	trend	NN
cord-034205-53i2tw65	252	4	analysis	analysis	NN
cord-034205-53i2tw65	252	5	(	(	-LRB-
cord-034205-53i2tw65	252	6	Table	table	NN
cord-034205-53i2tw65	252	7	4	4	CD
cord-034205-53i2tw65	252	8	)	)	-RRB-
cord-034205-53i2tw65	252	9	shows	show	VBZ
cord-034205-53i2tw65	252	10	no	no	DT
cord-034205-53i2tw65	252	11	statistically	statistically	RB
cord-034205-53i2tw65	252	12	significant	significant	JJ
cord-034205-53i2tw65	252	13	increase	increase	NN
cord-034205-53i2tw65	252	14	for	for	IN
cord-034205-53i2tw65	252	15	LaLiga	LaLiga	NNP
cord-034205-53i2tw65	252	16	,	,	,
cord-034205-53i2tw65	252	17	a	a	DT
cord-034205-53i2tw65	252	18	small	small	JJ
cord-034205-53i2tw65	252	19	(	(	-LRB-
cord-034205-53i2tw65	252	20	significant	significant	JJ
cord-034205-53i2tw65	252	21	)	)	-RRB-
cord-034205-53i2tw65	252	22	11	11	CD
cord-034205-53i2tw65	252	23	Financial	financial	JJ
cord-034205-53i2tw65	252	24	investors	investor	NNS
cord-034205-53i2tw65	252	25	provide	provide	VBP
cord-034205-53i2tw65	252	26	equity	equity	NN
cord-034205-53i2tw65	252	27	or	or	CC
cord-034205-53i2tw65	252	28	soft	soft	JJ
cord-034205-53i2tw65	252	29	loans	loan	NNS
cord-034205-53i2tw65	252	30	.	.	.
cord-034205-53i2tw65	253	1	However	however	RB
cord-034205-53i2tw65	253	2	,	,	,
cord-034205-53i2tw65	253	3	usually	usually	RB
cord-034205-53i2tw65	253	4	,	,	,
cord-034205-53i2tw65	253	5	these	these	DT
cord-034205-53i2tw65	253	6	loans	loan	NNS
cord-034205-53i2tw65	253	7	are	be	VBP
cord-034205-53i2tw65	253	8	not	not	RB
cord-034205-53i2tw65	253	9	expected	expect	VBN
cord-034205-53i2tw65	253	10	to	to	TO
cord-034205-53i2tw65	253	11	be	be	VB
cord-034205-53i2tw65	253	12	paid	pay	VBN
cord-034205-53i2tw65	253	13	back	back	RB
cord-034205-53i2tw65	253	14	(	(	-LRB-
cord-034205-53i2tw65	253	15	Beech	Beech	NNP
cord-034205-53i2tw65	253	16	et	et	FW
cord-034205-53i2tw65	253	17	al	al	NNP
cord-034205-53i2tw65	253	18	.	.	NNP
cord-034205-53i2tw65	253	19	2010	2010	CD
cord-034205-53i2tw65	253	20	)	)	-RRB-
cord-034205-53i2tw65	253	21	and	and	CC
cord-034205-53i2tw65	253	22	are	be	VBP
cord-034205-53i2tw65	253	23	thus	thus	RB
cord-034205-53i2tw65	253	24	not	not	RB
cord-034205-53i2tw65	253	25	comparable	comparable	JJ
cord-034205-53i2tw65	253	26	to	to	IN
cord-034205-53i2tw65	253	27	typical	typical	JJ
cord-034205-53i2tw65	253	28	loans	loan	NNS
cord-034205-53i2tw65	253	29	known	know	VBN
cord-034205-53i2tw65	253	30	from	from	IN
cord-034205-53i2tw65	253	31	historical	historical	JJ
cord-034205-53i2tw65	253	32	crises	crisis	NNS
cord-034205-53i2tw65	253	33	.	.	.
cord-034205-53i2tw65	254	1	Time	time	NN
cord-034205-53i2tw65	254	2	trend	trend	NN
cord-034205-53i2tw65	254	3	analysis	analysis	NN
cord-034205-53i2tw65	254	4	transfer	transfer	NN
cord-034205-53i2tw65	254	5	fee	fee	NN
cord-034205-53i2tw65	254	6	/	/	SYM
cord-034205-53i2tw65	254	7	revenue	revenue	NN
cord-034205-53i2tw65	254	8	ratio	ratio	NN
cord-034205-53i2tw65	255	1	*	*	NFP
cord-034205-53i2tw65	255	2	p	p	XX
cord-034205-53i2tw65	255	3	<	<	XX
cord-034205-53i2tw65	255	4	0.1	0.1	CD
cord-034205-53i2tw65	255	5	;	;	:
cord-034205-53i2tw65	255	6	*	*	NFP
cord-034205-53i2tw65	255	7	*	*	NFP
cord-034205-53i2tw65	255	8	p	p	XX
cord-034205-53i2tw65	255	9	<	<	XX
cord-034205-53i2tw65	255	10	0.05	0.05	CD
cord-034205-53i2tw65	255	11	;	;	:
cord-034205-53i2tw65	256	1	*	*	NFP
cord-034205-53i2tw65	256	2	*	*	NFP
cord-034205-53i2tw65	256	3	*	*	NFP
cord-034205-53i2tw65	256	4	p	p	XX
cord-034205-53i2tw65	256	5	<	<	XX
cord-034205-53i2tw65	256	6	0.01	0.01	CD
cord-034205-53i2tw65	256	7	;	;	:
cord-034205-53i2tw65	256	8	standard	standard	JJ
cord-034205-53i2tw65	256	9	error	error	NN
cord-034205-53i2tw65	256	10	in	in	IN
cord-034205-53i2tw65	256	11	parenthesis	parenthesis	NN
cord-034205-53i2tw65	256	12	Dependent	Dependent	NNP
cord-034205-53i2tw65	256	13	variable	variable	NN
cord-034205-53i2tw65	256	14	:	:	:
cord-034205-53i2tw65	256	15	transfer	transfer	NN
cord-034205-53i2tw65	256	16	fee	fee	NN
cord-034205-53i2tw65	256	17	/	/	SYM
cord-034205-53i2tw65	256	18	revenue	revenue	NN
cord-034205-53i2tw65	256	19	ratio	ratio	NN
cord-034205-53i2tw65	256	20	increase	increase	NN
cord-034205-53i2tw65	256	21	can	can	MD
cord-034205-53i2tw65	256	22	be	be	VB
cord-034205-53i2tw65	256	23	observed	observe	VBN
cord-034205-53i2tw65	256	24	for	for	IN
cord-034205-53i2tw65	256	25	the	the	DT
cord-034205-53i2tw65	256	26	Premier	Premier	NNP
cord-034205-53i2tw65	256	27	League	League	NNP
cord-034205-53i2tw65	256	28	and	and	CC
cord-034205-53i2tw65	256	29	Bundesliga	Bundesliga	NNP
cord-034205-53i2tw65	256	30	.	.	.
cord-034205-53i2tw65	257	1	The	the	DT
cord-034205-53i2tw65	257	2	Serie	Serie	NNP
cord-034205-53i2tw65	257	3	A	A	NNP
cord-034205-53i2tw65	257	4	and	and	CC
cord-034205-53i2tw65	257	5	Ligue	Ligue	NNP
cord-034205-53i2tw65	257	6	1	1	CD
cord-034205-53i2tw65	257	7	,	,	,
cord-034205-53i2tw65	257	8	however	however	RB
cord-034205-53i2tw65	257	9	,	,	,
cord-034205-53i2tw65	257	10	show	show	VBP
cord-034205-53i2tw65	257	11	the	the	DT
cord-034205-53i2tw65	257	12	highest	high	JJS
cord-034205-53i2tw65	257	13	annual	annual	JJ
cord-034205-53i2tw65	257	14	increase	increase	NN
cord-034205-53i2tw65	257	15	of	of	IN
cord-034205-53i2tw65	257	16	0.02	0.02	CD
cord-034205-53i2tw65	257	17	in	in	IN
cord-034205-53i2tw65	257	18	the	the	DT
cord-034205-53i2tw65	257	19	trend	trend	NN
cord-034205-53i2tw65	257	20	analysis	analysis	NN
cord-034205-53i2tw65	257	21	(	(	-LRB-
cord-034205-53i2tw65	257	22	statistically	statistically	RB
cord-034205-53i2tw65	257	23	significant	significant	JJ
cord-034205-53i2tw65	257	24	)	)	-RRB-
cord-034205-53i2tw65	257	25	.	.	.
cord-034205-53i2tw65	258	1	Furthermore	furthermore	RB
cord-034205-53i2tw65	258	2	,	,	,
cord-034205-53i2tw65	258	3	the	the	DT
cord-034205-53i2tw65	258	4	transfer	transfer	NN
cord-034205-53i2tw65	258	5	fee	fee	NN
cord-034205-53i2tw65	258	6	/	/	SYM
cord-034205-53i2tw65	258	7	revenue	revenue	NN
cord-034205-53i2tw65	258	8	ratio	ratio	NN
cord-034205-53i2tw65	258	9	to	to	IN
cord-034205-53i2tw65	258	10	a	a	DT
cord-034205-53i2tw65	258	11	large	large	JJ
cord-034205-53i2tw65	258	12	extent	extent	NN
cord-034205-53i2tw65	258	13	depends	depend	VBZ
cord-034205-53i2tw65	258	14	on	on	IN
cord-034205-53i2tw65	258	15	the	the	DT
cord-034205-53i2tw65	258	16	ratio	ratio	NN
cord-034205-53i2tw65	258	17	of	of	IN
cord-034205-53i2tw65	258	18	the	the	DT
cord-034205-53i2tw65	258	19	previous	previous	JJ
cord-034205-53i2tw65	258	20	year	year	NN
cord-034205-53i2tw65	258	21	in	in	IN
cord-034205-53i2tw65	258	22	the	the	DT
cord-034205-53i2tw65	258	23	Serie	Serie	NNP
cord-034205-53i2tw65	258	24	A	A	NNP
cord-034205-53i2tw65	258	25	compared	compare	VBN
cord-034205-53i2tw65	258	26	to	to	IN
cord-034205-53i2tw65	258	27	the	the	DT
cord-034205-53i2tw65	258	28	other	other	JJ
cord-034205-53i2tw65	258	29	leagues	league	NNS
cord-034205-53i2tw65	259	1	(	(	-LRB-
cord-034205-53i2tw65	259	2	Bundesliga	Bundesliga	NNP
cord-034205-53i2tw65	259	3	as	as	IN
cord-034205-53i2tw65	259	4	an	an	DT
cord-034205-53i2tw65	259	5	exception	exception	NN
cord-034205-53i2tw65	259	6	as	as	IN
cord-034205-53i2tw65	259	7	shown	show	VBN
cord-034205-53i2tw65	259	8	in	in	IN
cord-034205-53i2tw65	259	9	Table	Table	NNP
cord-034205-53i2tw65	259	10	5	5	CD
cord-034205-53i2tw65	259	11	)	)	-RRB-
cord-034205-53i2tw65	259	12	.	.	.
cord-034205-53i2tw65	260	1	This	this	DT
cord-034205-53i2tw65	260	2	trend	trend	NN
cord-034205-53i2tw65	260	3	raises	raise	VBZ
cord-034205-53i2tw65	260	4	the	the	DT
cord-034205-53i2tw65	260	5	question	question	NN
cord-034205-53i2tw65	260	6	of	of	IN
cord-034205-53i2tw65	260	7	the	the	DT
cord-034205-53i2tw65	260	8	financial	financial	JJ
cord-034205-53i2tw65	260	9	sustainability	sustainability	NN
cord-034205-53i2tw65	260	10	of	of	IN
cord-034205-53i2tw65	260	11	the	the	DT
cord-034205-53i2tw65	260	12	French	french	JJ
cord-034205-53i2tw65	260	13	and	and	CC
cord-034205-53i2tw65	260	14	Italian	italian	JJ
cord-034205-53i2tw65	260	15	leagues	league	NNS
cord-034205-53i2tw65	260	16	,	,	,
cord-034205-53i2tw65	260	17	since	since	IN
cord-034205-53i2tw65	260	18	transfer	transfer	NN
cord-034205-53i2tw65	260	19	fees	fee	NNS
cord-034205-53i2tw65	260	20	constitute	constitute	VBP
cord-034205-53i2tw65	260	21	only	only	RB
cord-034205-53i2tw65	260	22	one	one	CD
cord-034205-53i2tw65	260	23	part	part	NN
cord-034205-53i2tw65	260	24	of	of	IN
cord-034205-53i2tw65	260	25	the	the	DT
cord-034205-53i2tw65	260	26	expenses	expense	NNS
cord-034205-53i2tw65	260	27	,	,	,
cord-034205-53i2tw65	260	28	while	while	IN
cord-034205-53i2tw65	260	29	(	(	-LRB-
cord-034205-53i2tw65	260	30	player	player	NN
cord-034205-53i2tw65	260	31	)	)	-RRB-
cord-034205-53i2tw65	260	32	wages	wage	NNS
cord-034205-53i2tw65	260	33	,	,	,
cord-034205-53i2tw65	260	34	signing	sign	VBG
cord-034205-53i2tw65	260	35	bonuses	bonus	NNS
cord-034205-53i2tw65	260	36	and	and	CC
cord-034205-53i2tw65	260	37	other	other	JJ
cord-034205-53i2tw65	260	38	expenses	expense	NNS
cord-034205-53i2tw65	260	39	(	(	-LRB-
cord-034205-53i2tw65	260	40	e.g.	e.g.	RB
cord-034205-53i2tw65	260	41	,	,	,
cord-034205-53i2tw65	260	42	agent	agent	NN
cord-034205-53i2tw65	260	43	fees	fee	NNS
cord-034205-53i2tw65	260	44	)	)	-RRB-
cord-034205-53i2tw65	260	45	also	also	RB
cord-034205-53i2tw65	260	46	need	need	VBP
cord-034205-53i2tw65	260	47	to	to	TO
cord-034205-53i2tw65	260	48	be	be	VB
cord-034205-53i2tw65	260	49	paid	pay	VBN
cord-034205-53i2tw65	260	50	.	.	.
cord-034205-53i2tw65	261	1	As	as	IN
cord-034205-53i2tw65	261	2	Fig	Fig	NNP
cord-034205-53i2tw65	261	3	.	.	.
cord-034205-53i2tw65	261	4	6	6	CD
cord-034205-53i2tw65	261	5	shows	show	NNS
cord-034205-53i2tw65	261	6	,	,	,
cord-034205-53i2tw65	261	7	according	accord	VBG
cord-034205-53i2tw65	261	8	to	to	IN
cord-034205-53i2tw65	261	9	the	the	DT
cord-034205-53i2tw65	261	10	latest	late	JJS
cord-034205-53i2tw65	261	11	figures	figure	NNS
cord-034205-53i2tw65	261	12	,	,	,
cord-034205-53i2tw65	261	13	wage	wage	NN
cord-034205-53i2tw65	261	14	costs	cost	NNS
cord-034205-53i2tw65	261	15	in	in	IN
cord-034205-53i2tw65	261	16	Italy	Italy	NNP
cord-034205-53i2tw65	261	17	and	and	CC
cord-034205-53i2tw65	261	18	France	France	NNP
cord-034205-53i2tw65	261	19	are	be	VBP
cord-034205-53i2tw65	261	20	also	also	RB
cord-034205-53i2tw65	261	21	particularly	particularly	RB
cord-034205-53i2tw65	261	22	high	high	JJ
cord-034205-53i2tw65	261	23	,	,	,
cord-034205-53i2tw65	261	24	relative	relative	JJ
cord-034205-53i2tw65	261	25	to	to	IN
cord-034205-53i2tw65	261	26	their	-PRON-	PRP$
cord-034205-53i2tw65	261	27	revenues	revenue	NNS
cord-034205-53i2tw65	261	28	(	(	-LRB-
cord-034205-53i2tw65	261	29	i.e.	i.e.	FW
cord-034205-53i2tw65	261	30	,	,	,
cord-034205-53i2tw65	261	31	70	70	CD
cord-034205-53i2tw65	261	32	%	%	NN
cord-034205-53i2tw65	261	33	and	and	CC
cord-034205-53i2tw65	261	34	73	73	CD
cord-034205-53i2tw65	261	35	%	%	NN
cord-034205-53i2tw65	261	36	,	,	,
cord-034205-53i2tw65	261	37	respectively	respectively	RB
cord-034205-53i2tw65	261	38	)	)	-RRB-
cord-034205-53i2tw65	261	39	.	.	.
cord-034205-53i2tw65	262	1	The	the	DT
cord-034205-53i2tw65	262	2	wage	wage	NN
cord-034205-53i2tw65	262	3	situation	situation	NN
cord-034205-53i2tw65	262	4	in	in	IN
cord-034205-53i2tw65	262	5	Italy	Italy	NNP
cord-034205-53i2tw65	262	6	and	and	CC
cord-034205-53i2tw65	262	7	France	France	NNP
cord-034205-53i2tw65	262	8	needs	need	VBZ
cord-034205-53i2tw65	262	9	particular	particular	JJ
cord-034205-53i2tw65	262	10	monitoring	monitoring	NN
cord-034205-53i2tw65	262	11	,	,	,
cord-034205-53i2tw65	262	12	as	as	IN
cord-034205-53i2tw65	262	13	70	70	CD
cord-034205-53i2tw65	262	14	%	%	NN
cord-034205-53i2tw65	262	15	is	be	VBZ
cord-034205-53i2tw65	262	16	considered	consider	VBN
cord-034205-53i2tw65	262	17	the	the	DT
cord-034205-53i2tw65	262	18	critical	critical	JJ
cord-034205-53i2tw65	262	19	wage	wage	NN
cord-034205-53i2tw65	262	20	-	-	HYPH
cord-034205-53i2tw65	262	21	revenue	revenue	NN
cord-034205-53i2tw65	262	22	ratio	ratio	NN
cord-034205-53i2tw65	262	23	threshold	threshold	NN
cord-034205-53i2tw65	262	24	,	,	,
cord-034205-53i2tw65	262	25	assuming	assume	VBG
cord-034205-53i2tw65	262	26	that	that	IN
cord-034205-53i2tw65	262	27	no	no	DT
cord-034205-53i2tw65	262	28	considerable	considerable	JJ
cord-034205-53i2tw65	262	29	income	income	NN
cord-034205-53i2tw65	262	30	is	be	VBZ
cord-034205-53i2tw65	262	31	generated	generate	VBN
cord-034205-53i2tw65	262	32	from	from	IN
cord-034205-53i2tw65	262	33	transfer	transfer	NN
cord-034205-53i2tw65	262	34	activities	activity	NNS
cord-034205-53i2tw65	262	35	.	.	.
cord-034205-53i2tw65	263	1	While	while	IN
cord-034205-53i2tw65	263	2	Italy	Italy	NNP
cord-034205-53i2tw65	263	3	has	have	VBZ
cord-034205-53i2tw65	263	4	significantly	significantly	RB
cord-034205-53i2tw65	263	5	reduced	reduce	VBN
cord-034205-53i2tw65	263	6	its	-PRON-	PRP$
cord-034205-53i2tw65	263	7	wage	wage	NN
cord-034205-53i2tw65	263	8	costs	cost	NNS
cord-034205-53i2tw65	263	9	relative	relative	JJ
cord-034205-53i2tw65	263	10	to	to	IN
cord-034205-53i2tw65	263	11	revenues	revenue	NNS
cord-034205-53i2tw65	263	12	in	in	IN
cord-034205-53i2tw65	263	13	recent	recent	JJ
cord-034205-53i2tw65	263	14	years	year	NNS
cord-034205-53i2tw65	263	15	(	(	-LRB-
cord-034205-53i2tw65	263	16	Table	table	NN
cord-034205-53i2tw65	263	17	6	6	CD
cord-034205-53i2tw65	263	18	)	)	-RRB-
cord-034205-53i2tw65	263	19	,	,	,
cord-034205-53i2tw65	263	20	the	the	DT
cord-034205-53i2tw65	263	21	latest	late	JJS
cord-034205-53i2tw65	263	22	(	(	-LRB-
cord-034205-53i2tw65	263	23	Deloitte	Deloitte	NNP
cord-034205-53i2tw65	263	24	2020	2020	CD
cord-034205-53i2tw65	263	25	,	,	,
cord-034205-53i2tw65	263	26	p.	p.	NN
cord-034205-53i2tw65	263	27	11	11	CD
cord-034205-53i2tw65	263	28	)	)	-RRB-
cord-034205-53i2tw65	263	29	.	.	.
cord-034205-53i2tw65	264	1	Furthermore	furthermore	RB
cord-034205-53i2tw65	264	2	,	,	,
cord-034205-53i2tw65	264	3	the	the	DT
cord-034205-53i2tw65	264	4	trend	trend	NN
cord-034205-53i2tw65	264	5	analysis	analysis	NN
cord-034205-53i2tw65	264	6	shows	show	VBZ
cord-034205-53i2tw65	264	7	that	that	IN
cord-034205-53i2tw65	264	8	the	the	DT
cord-034205-53i2tw65	264	9	Premier	Premier	NNP
cord-034205-53i2tw65	264	10	League	League	NNP
cord-034205-53i2tw65	264	11	is	be	VBZ
cord-034205-53i2tw65	264	12	the	the	DT
cord-034205-53i2tw65	264	13	league	league	NN
cord-034205-53i2tw65	264	14	with	with	IN
cord-034205-53i2tw65	264	15	the	the	DT
cord-034205-53i2tw65	264	16	highest	high	JJS
cord-034205-53i2tw65	264	17	decrease	decrease	NN
cord-034205-53i2tw65	264	18	of	of	IN
cord-034205-53i2tw65	264	19	the	the	DT
cord-034205-53i2tw65	264	20	wage	wage	NN
cord-034205-53i2tw65	264	21	/	/	SYM
cord-034205-53i2tw65	264	22	revenue	revenue	NN
cord-034205-53i2tw65	264	23	ratio	ratio	NN
cord-034205-53i2tw65	264	24	in	in	IN
cord-034205-53i2tw65	264	25	the	the	DT
cord-034205-53i2tw65	264	26	past	past	JJ
cord-034205-53i2tw65	264	27	years	year	NNS
cord-034205-53i2tw65	264	28	.	.	.
cord-034205-53i2tw65	265	1	The	the	DT
cord-034205-53i2tw65	265	2	time	time	NN
cord-034205-53i2tw65	265	3	lagged	lag	VBD
cord-034205-53i2tw65	265	4	analysis	analysis	NN
cord-034205-53i2tw65	265	5	again	again	RB
cord-034205-53i2tw65	265	6	indicates	indicate	VBZ
cord-034205-53i2tw65	265	7	that	that	IN
cord-034205-53i2tw65	265	8	the	the	DT
cord-034205-53i2tw65	265	9	wage	wage	NN
cord-034205-53i2tw65	265	10	-	-	HYPH
cord-034205-53i2tw65	265	11	revenue	revenue	NN
cord-034205-53i2tw65	265	12	ratio	ratio	NN
cord-034205-53i2tw65	265	13	of	of	IN
cord-034205-53i2tw65	265	14	the	the	DT
cord-034205-53i2tw65	265	15	previous	previous	JJ
cord-034205-53i2tw65	265	16	year	year	NN
cord-034205-53i2tw65	265	17	has	have	VBZ
cord-034205-53i2tw65	265	18	a	a	DT
cord-034205-53i2tw65	265	19	higher	high	JJR
cord-034205-53i2tw65	265	20	influence	influence	NN
cord-034205-53i2tw65	265	21	on	on	IN
cord-034205-53i2tw65	265	22	the	the	DT
cord-034205-53i2tw65	265	23	indicator	indicator	NN
cord-034205-53i2tw65	265	24	in	in	IN
cord-034205-53i2tw65	265	25	the	the	DT
cord-034205-53i2tw65	265	26	Serie	Serie	NNP
cord-034205-53i2tw65	265	27	A	A	NNP
cord-034205-53i2tw65	265	28	than	than	IN
cord-034205-53i2tw65	265	29	in	in	IN
cord-034205-53i2tw65	265	30	other	other	JJ
cord-034205-53i2tw65	265	31	leagues	league	NNS
cord-034205-53i2tw65	265	32	(	(	-LRB-
cord-034205-53i2tw65	265	33	indicated	indicate	VBN
cord-034205-53i2tw65	265	34	by	by	IN
cord-034205-53i2tw65	265	35	R	R	NNP
cord-034205-53i2tw65	265	36	2	2	CD
cord-034205-53i2tw65	265	37	in	in	IN
cord-034205-53i2tw65	265	38	Table	Table	NNP
cord-034205-53i2tw65	265	39	7	7	CD
cord-034205-53i2tw65	265	40	)	)	-RRB-
cord-034205-53i2tw65	265	41	.	.	.
cord-034205-53i2tw65	266	1	Other	other	JJ
cord-034205-53i2tw65	266	2	important	important	JJ
cord-034205-53i2tw65	266	3	indicators	indicator	NNS
cord-034205-53i2tw65	266	4	are	be	VBP
cord-034205-53i2tw65	266	5	the	the	DT
cord-034205-53i2tw65	266	6	club	club	NN
cord-034205-53i2tw65	266	7	's	's	POS
cord-034205-53i2tw65	266	8	debt	debt	NN
cord-034205-53i2tw65	266	9	-	-	HYPH
cord-034205-53i2tw65	266	10	revenue	revenue	NN
cord-034205-53i2tw65	266	11	ratio	ratio	NN
cord-034205-53i2tw65	266	12	and	and	CC
cord-034205-53i2tw65	266	13	(	(	-LRB-
cord-034205-53i2tw65	266	14	bottom	bottom	JJ
cord-034205-53i2tw65	266	15	-	-	HYPH
cord-034205-53i2tw65	266	16	line	line	NN
cord-034205-53i2tw65	266	17	)	)	-RRB-
cord-034205-53i2tw65	266	18	profitability	profitability	NN
cord-034205-53i2tw65	266	19	.	.	.
cord-034205-53i2tw65	267	1	The	the	DT
cord-034205-53i2tw65	267	2	debt	debt	NN
cord-034205-53i2tw65	267	3	-	-	HYPH
cord-034205-53i2tw65	267	4	revenue	revenue	NN
cord-034205-53i2tw65	267	5	ratio	ratio	NN
cord-034205-53i2tw65	267	6	is	be	VBZ
cord-034205-53i2tw65	267	7	presented	present	VBN
cord-034205-53i2tw65	267	8	in	in	IN
cord-034205-53i2tw65	267	9	Fig	Fig	NNP
cord-034205-53i2tw65	267	10	.	.	NNP
cord-034205-53i2tw65	267	11	7	7	CD
cord-034205-53i2tw65	267	12	and	and	CC
cord-034205-53i2tw65	267	13	shows	show	VBZ
cord-034205-53i2tw65	267	14	a	a	DT
cord-034205-53i2tw65	267	15	stable	stable	JJ
cord-034205-53i2tw65	267	16	development	development	NN
cord-034205-53i2tw65	267	17	for	for	IN
cord-034205-53i2tw65	267	18	the	the	DT
cord-034205-53i2tw65	267	19	Bundesliga	Bundesliga	NNP
cord-034205-53i2tw65	267	20	,	,	,
cord-034205-53i2tw65	267	21	LaLiga	LaLiga	NNP
cord-034205-53i2tw65	267	22	and	and	CC
cord-034205-53i2tw65	267	23	Ligue	Ligue	NNP
cord-034205-53i2tw65	267	24	1	1	CD
cord-034205-53i2tw65	267	25	despite	despite	IN
cord-034205-53i2tw65	267	26	transfer	transfer	NN
cord-034205-53i2tw65	267	27	fee	fee	NN
cord-034205-53i2tw65	267	28	increases	increase	NNS
cord-034205-53i2tw65	267	29	in	in	IN
cord-034205-53i2tw65	267	30	the	the	DT
cord-034205-53i2tw65	267	31	past	past	JJ
cord-034205-53i2tw65	267	32	years	year	NNS
cord-034205-53i2tw65	267	33	.	.	.
cord-034205-53i2tw65	268	1	While	while	IN
cord-034205-53i2tw65	268	2	the	the	DT
cord-034205-53i2tw65	268	3	increase	increase	NN
cord-034205-53i2tw65	268	4	in	in	IN
cord-034205-53i2tw65	268	5	FY2018	fy2018	NN
cord-034205-53i2tw65	268	6	for	for	IN
cord-034205-53i2tw65	268	7	the	the	DT
cord-034205-53i2tw65	268	8	Premier	Premier	NNP
cord-034205-53i2tw65	268	9	League	League	NNP
cord-034205-53i2tw65	268	10	can	can	MD
cord-034205-53i2tw65	268	11	be	be	VB
cord-034205-53i2tw65	268	12	attributed	attribute	VBN
cord-034205-53i2tw65	268	13	chiefly	chiefly	RB
cord-034205-53i2tw65	268	14	to	to	IN
cord-034205-53i2tw65	268	15	Tottenham	Tottenham	NNP
cord-034205-53i2tw65	268	16	's	's	POS
cord-034205-53i2tw65	268	17	stadium	stadium	NN
cord-034205-53i2tw65	268	18	investments	investment	NNS
cord-034205-53i2tw65	268	19	(	(	-LRB-
cord-034205-53i2tw65	268	20	UEFA	UEFA	NNP
cord-034205-53i2tw65	268	21	2020	2020	CD
cord-034205-53i2tw65	268	22	,	,	,
cord-034205-53i2tw65	268	23	p.	p.	NN
cord-034205-53i2tw65	268	24	126	126	CD
cord-034205-53i2tw65	268	25	)	)	-RRB-
cord-034205-53i2tw65	268	26	,	,	,
cord-034205-53i2tw65	268	27	the	the	DT
cord-034205-53i2tw65	268	28	Serie	Serie	NNP
cord-034205-53i2tw65	268	29	A	A	NNP
cord-034205-53i2tw65	268	30	stands	stand	VBZ
cord-034205-53i2tw65	268	31	out	out	RP
cord-034205-53i2tw65	268	32	in	in	IN
cord-034205-53i2tw65	268	33	two	two	CD
cord-034205-53i2tw65	268	34	ways	way	NNS
cord-034205-53i2tw65	268	35	:	:	:
cord-034205-53i2tw65	268	36	it	-PRON-	PRP
cord-034205-53i2tw65	268	37	shows	show	VBZ
cord-034205-53i2tw65	268	38	a	a	DT
cord-034205-53i2tw65	268	39	considerably	considerably	RB
cord-034205-53i2tw65	268	40	higher	high	JJR
cord-034205-53i2tw65	268	41	ratio	ratio	NN
cord-034205-53i2tw65	268	42	than	than	IN
cord-034205-53i2tw65	268	43	other	other	JJ
cord-034205-53i2tw65	268	44	leagues	league	NNS
cord-034205-53i2tw65	268	45	and	and	CC
cord-034205-53i2tw65	268	46	has	have	VBZ
cord-034205-53i2tw65	268	47	experienced	experience	VBN
cord-034205-53i2tw65	268	48	a	a	DT
cord-034205-53i2tw65	268	49	further	further	JJ
cord-034205-53i2tw65	268	50	increase	increase	NN
cord-034205-53i2tw65	268	51	beyond	beyond	IN
cord-034205-53i2tw65	268	52	the	the	DT
cord-034205-53i2tw65	268	53	levels	level	NNS
cord-034205-53i2tw65	268	54	of	of	IN
cord-034205-53i2tw65	268	55	the	the	DT
cord-034205-53i2tw65	268	56	other	other	JJ
cord-034205-53i2tw65	268	57	leagues	league	NNS
cord-034205-53i2tw65	268	58	(	(	-LRB-
cord-034205-53i2tw65	268	59	except	except	IN
cord-034205-53i2tw65	268	60	for	for	IN
cord-034205-53i2tw65	268	61	the	the	DT
cord-034205-53i2tw65	268	62	Premier	Premier	NNP
cord-034205-53i2tw65	268	63	League	League	NNP
cord-034205-53i2tw65	268	64	)	)	-RRB-
cord-034205-53i2tw65	268	65	.	.	.
cord-034205-53i2tw65	269	1	Looking	look	VBG
cord-034205-53i2tw65	269	2	at	at	IN
cord-034205-53i2tw65	269	3	the	the	DT
cord-034205-53i2tw65	269	4	profitability	profitability	NN
cord-034205-53i2tw65	269	5	by	by	IN
cord-034205-53i2tw65	269	6	considering	consider	VBG
cord-034205-53i2tw65	269	7	both	both	DT
cord-034205-53i2tw65	269	8	sides	side	NNS
cord-034205-53i2tw65	269	9	of	of	IN
cord-034205-53i2tw65	269	10	player	player	NN
cord-034205-53i2tw65	269	11	trading	trading	NN
cord-034205-53i2tw65	269	12	(	(	-LRB-
cord-034205-53i2tw65	269	13	i.e.	i.e.	FW
cord-034205-53i2tw65	269	14	,	,	,
cord-034205-53i2tw65	269	15	buying	buying	NN
cord-034205-53i2tw65	269	16	and	and	CC
cord-034205-53i2tw65	269	17	selling	selling	NN
cord-034205-53i2tw65	269	18	)	)	-RRB-
cord-034205-53i2tw65	269	19	,	,	,
cord-034205-53i2tw65	269	20	the	the	DT
cord-034205-53i2tw65	269	21	Italian	italian	JJ
cord-034205-53i2tw65	269	22	clubs	club	NNS
cord-034205-53i2tw65	269	23	additionally	additionally	RB
cord-034205-53i2tw65	269	24	reported	report	VBD
cord-034205-53i2tw65	269	25	a	a	DT
cord-034205-53i2tw65	269	26	bottom	bottom	JJ
cord-034205-53i2tw65	269	27	-	-	HYPH
cord-034205-53i2tw65	269	28	line	line	NN
cord-034205-53i2tw65	269	29	loss	loss	NN
cord-034205-53i2tw65	269	30	of	of	IN
cord-034205-53i2tw65	269	31	€	€	$
cord-034205-53i2tw65	269	32	195	195	CD
cord-034205-53i2tw65	269	33	M	M	NNP
cord-034205-53i2tw65	269	34	for	for	IN
cord-034205-53i2tw65	269	35	FY2018	fy2018	NN
cord-034205-53i2tw65	269	36	.	.	.
cord-034205-53i2tw65	270	1	In	in	IN
cord-034205-53i2tw65	270	2	France	France	NNP
cord-034205-53i2tw65	270	3	,	,	,
cord-034205-53i2tw65	270	4	the	the	DT
cord-034205-53i2tw65	270	5	bottom	bottom	JJ
cord-034205-53i2tw65	270	6	-	-	HYPH
cord-034205-53i2tw65	270	7	line	line	NN
cord-034205-53i2tw65	270	8	loss	loss	NN
cord-034205-53i2tw65	270	9	of	of	IN
cord-034205-53i2tw65	270	10	€	€	$
cord-034205-53i2tw65	270	11	51	51	CD
cord-034205-53i2tw65	270	12	M	M	NNP
cord-034205-53i2tw65	270	13	in	in	IN
cord-034205-53i2tw65	270	14	FY2017	fy2017	NN
cord-034205-53i2tw65	270	15	was	be	VBD
cord-034205-53i2tw65	270	16	followed	follow	VBN
cord-034205-53i2tw65	270	17	by	by	IN
cord-034205-53i2tw65	270	18	a	a	DT
cord-034205-53i2tw65	270	19	small	small	JJ
cord-034205-53i2tw65	270	20	profit	profit	NN
cord-034205-53i2tw65	270	21	in	in	IN
cord-034205-53i2tw65	270	22	FY2018	FY2018	NNP
cord-034205-53i2tw65	270	23	.	.	.
cord-034205-53i2tw65	271	1	Similar	similar	JJ
cord-034205-53i2tw65	271	2	to	to	IN
cord-034205-53i2tw65	271	3	the	the	DT
cord-034205-53i2tw65	271	4	previous	previous	JJ
cord-034205-53i2tw65	271	5	years	year	NNS
cord-034205-53i2tw65	271	6	,	,	,
cord-034205-53i2tw65	271	7	England	England	NNP
cord-034205-53i2tw65	271	8	,	,	,
cord-034205-53i2tw65	271	9	Spain	Spain	NNP
cord-034205-53i2tw65	271	10	,	,	,
cord-034205-53i2tw65	271	11	and	and	CC
cord-034205-53i2tw65	271	12	Germany	Germany	NNP
cord-034205-53i2tw65	271	13	were	be	VBD
cord-034205-53i2tw65	271	14	the	the	DT
cord-034205-53i2tw65	271	15	most	most	RBS
cord-034205-53i2tw65	271	16	profitable	profitable	JJ
cord-034205-53i2tw65	271	17	European	european	JJ
cord-034205-53i2tw65	271	18	leagues	league	NNS
cord-034205-53i2tw65	271	19	,	,	,
cord-034205-53i2tw65	271	20	with	with	IN
cord-034205-53i2tw65	271	21	profits	profit	NNS
cord-034205-53i2tw65	271	22	of	of	IN
cord-034205-53i2tw65	271	23	€	€	$
cord-034205-53i2tw65	271	24	382	382	CD
cord-034205-53i2tw65	271	25	M	M	NNP
cord-034205-53i2tw65	271	26	,	,	,
cord-034205-53i2tw65	271	27	€	€	$
cord-034205-53i2tw65	271	28	156	156	CD
cord-034205-53i2tw65	271	29	M	M	NNP
cord-034205-53i2tw65	271	30	,	,	,
cord-034205-53i2tw65	271	31	and	and	CC
cord-034205-53i2tw65	271	32	€	€	$
cord-034205-53i2tw65	271	33	153	153	CD
cord-034205-53i2tw65	271	34	M	M	NNP
cord-034205-53i2tw65	271	35	,	,	,
cord-034205-53i2tw65	271	36	respectively	respectively	RB
cord-034205-53i2tw65	271	37	for	for	IN
cord-034205-53i2tw65	271	38	FY2018	FY2018	NNP
cord-034205-53i2tw65	271	39	(	(	-LRB-
cord-034205-53i2tw65	271	40	UEFA	UEFA	NNP
cord-034205-53i2tw65	271	41	2020	2020	CD
cord-034205-53i2tw65	271	42	,	,	,
cord-034205-53i2tw65	271	43	p.	p.	NN
cord-034205-53i2tw65	271	44	112	112	CD
cord-034205-53i2tw65	271	45	)	)	-RRB-
cord-034205-53i2tw65	271	46	.	.	.
cord-034205-53i2tw65	272	1	Overall	overall	RB
cord-034205-53i2tw65	272	2	,	,	,
cord-034205-53i2tw65	272	3	despite	despite	IN
cord-034205-53i2tw65	272	4	some	some	DT
cord-034205-53i2tw65	272	5	watch	watch	NN
cord-034205-53i2tw65	272	6	-	-	HYPH
cord-034205-53i2tw65	272	7	outs	out	NNS
cord-034205-53i2tw65	272	8	in	in	IN
cord-034205-53i2tw65	272	9	France	France	NNP
cord-034205-53i2tw65	272	10	and	and	CC
cord-034205-53i2tw65	272	11	particularly	particularly	RB
cord-034205-53i2tw65	272	12	Italy	Italy	NNP
cord-034205-53i2tw65	272	13	,	,	,
cord-034205-53i2tw65	272	14	the	the	DT
cord-034205-53i2tw65	272	15	indicators	indicator	NNS
cord-034205-53i2tw65	272	16	suggest	suggest	VBP
cord-034205-53i2tw65	272	17	that	that	IN
cord-034205-53i2tw65	272	18	,	,	,
cord-034205-53i2tw65	272	19	rather	rather	RB
cord-034205-53i2tw65	272	20	than	than	IN
cord-034205-53i2tw65	272	21	a	a	DT
cord-034205-53i2tw65	272	22	speculative	speculative	JJ
cord-034205-53i2tw65	272	23	bubble	bubble	NN
cord-034205-53i2tw65	272	24	,	,	,
cord-034205-53i2tw65	272	25	there	there	EX
cord-034205-53i2tw65	272	26	has	have	VBZ
cord-034205-53i2tw65	272	27	been	be	VBN
cord-034205-53i2tw65	272	28	an	an	DT
cord-034205-53i2tw65	272	29	"	"	``
cord-034205-53i2tw65	272	30	elevator	elevator	NN
cord-034205-53i2tw65	272	31	effect	effect	NN
cord-034205-53i2tw65	272	32	"	"	''
cord-034205-53i2tw65	272	33	12	12	CD
cord-034205-53i2tw65	273	1	(	(	-LRB-
cord-034205-53i2tw65	273	2	Beck	Beck	NNP
cord-034205-53i2tw65	273	3	2016	2016	CD
cord-034205-53i2tw65	273	4	,	,	,
cord-034205-53i2tw65	273	5	pp	pp	NNP
cord-034205-53i2tw65	273	6	.	.	.
cord-034205-53i2tw65	274	1	124	124	CD
cord-034205-53i2tw65	274	2	-	-	SYM
cord-034205-53i2tw65	274	3	130	130	CD
cord-034205-53i2tw65	274	4	)	)	-RRB-
cord-034205-53i2tw65	274	5	in	in	IN
cord-034205-53i2tw65	274	6	European	european	JJ
cord-034205-53i2tw65	274	7	football	football	NN
cord-034205-53i2tw65	274	8	.	.	.
cord-034205-53i2tw65	275	1	In	in	IN
cord-034205-53i2tw65	275	2	addition	addition	NN
cord-034205-53i2tw65	275	3	to	to	IN
cord-034205-53i2tw65	275	4	(	(	-LRB-
cord-034205-53i2tw65	275	5	pretransfer	pretransfer	NN
cord-034205-53i2tw65	275	6	)	)	-RRB-
cord-034205-53i2tw65	275	7	revenue	revenue	NN
cord-034205-53i2tw65	275	8	increases	increase	NNS
cord-034205-53i2tw65	275	9	,	,	,
cord-034205-53i2tw65	275	10	football	football	NN
cord-034205-53i2tw65	275	11	clubs	club	NNS
cord-034205-53i2tw65	275	12	in	in	IN
cord-034205-53i2tw65	275	13	the	the	DT
cord-034205-53i2tw65	275	14	five	five	CD
cord-034205-53i2tw65	275	15	major	major	JJ
cord-034205-53i2tw65	275	16	European	european	JJ
cord-034205-53i2tw65	275	17	leagues	league	NNS
cord-034205-53i2tw65	275	18	not	not	RB
cord-034205-53i2tw65	275	19	only	only	RB
cord-034205-53i2tw65	275	20	buy	buy	VBP
cord-034205-53i2tw65	275	21	player	player	NN
cord-034205-53i2tw65	275	22	registrations	registration	NNS
cord-034205-53i2tw65	275	23	at	at	IN
cord-034205-53i2tw65	275	24	higher	high	JJR
cord-034205-53i2tw65	275	25	prices	price	NNS
cord-034205-53i2tw65	275	26	but	but	CC
cord-034205-53i2tw65	275	27	also	also	RB
cord-034205-53i2tw65	275	28	sell	sell	VBP
cord-034205-53i2tw65	275	29	them	-PRON-	PRP
cord-034205-53i2tw65	275	30	at	at	IN
cord-034205-53i2tw65	275	31	a	a	DT
cord-034205-53i2tw65	275	32	higher	high	JJR
cord-034205-53i2tw65	275	33	level	level	NN
cord-034205-53i2tw65	275	34	to	to	TO
cord-034205-53i2tw65	275	35	mitigate	mitigate	VB
cord-034205-53i2tw65	275	36	or	or	CC
cord-034205-53i2tw65	275	37	preclude	preclude	VB
cord-034205-53i2tw65	275	38	bottom	bottom	JJ
cord-034205-53i2tw65	275	39	-	-	HYPH
cord-034205-53i2tw65	275	40	line	line	NN
cord-034205-53i2tw65	275	41	losses	loss	NNS
cord-034205-53i2tw65	275	42	.	.	.
cord-034205-53i2tw65	276	1	Moreover	moreover	RB
cord-034205-53i2tw65	276	2	,	,	,
cord-034205-53i2tw65	276	3	in	in	IN
cord-034205-53i2tw65	276	4	looking	look	VBG
cord-034205-53i2tw65	276	5	at	at	IN
cord-034205-53i2tw65	276	6	aggregated	aggregated	JJ
cord-034205-53i2tw65	276	7	numbers	number	NNS
cord-034205-53i2tw65	276	8	,	,	,
cord-034205-53i2tw65	276	9	it	-PRON-	PRP
cord-034205-53i2tw65	276	10	becomes	become	VBZ
cord-034205-53i2tw65	276	11	clear	clear	JJ
cord-034205-53i2tw65	276	12	that	that	IN
cord-034205-53i2tw65	276	13	a	a	DT
cord-034205-53i2tw65	276	14	cumulative	cumulative	JJ
cord-034205-53i2tw65	276	15	effect	effect	NN
cord-034205-53i2tw65	276	16	has	have	VBZ
cord-034205-53i2tw65	276	17	further	further	RB
cord-034205-53i2tw65	276	18	fueled	fuel	VBN
cord-034205-53i2tw65	276	19	the	the	DT
cord-034205-53i2tw65	276	20	development	development	NN
cord-034205-53i2tw65	276	21	of	of	IN
cord-034205-53i2tw65	276	22	transfer	transfer	NN
cord-034205-53i2tw65	276	23	fees	fee	NNS
cord-034205-53i2tw65	276	24	.	.	.
cord-034205-53i2tw65	277	1	Since	since	IN
cord-034205-53i2tw65	277	2	monetary	monetary	JJ
cord-034205-53i2tw65	277	3	circulation	circulation	NN
cord-034205-53i2tw65	277	4	in	in	IN
cord-034205-53i2tw65	277	5	football	football	NN
cord-034205-53i2tw65	277	6	is	be	VBZ
cord-034205-53i2tw65	277	7	partially	partially	RB
cord-034205-53i2tw65	277	8	closed	close	VBN
cord-034205-53i2tw65	277	9	,	,	,
cord-034205-53i2tw65	277	10	money	money	NN
cord-034205-53i2tw65	277	11	injected	inject	VBN
cord-034205-53i2tw65	277	12	into	into	IN
cord-034205-53i2tw65	277	13	the	the	DT
cord-034205-53i2tw65	277	14	market	market	NN
cord-034205-53i2tw65	277	15	largely	largely	RB
cord-034205-53i2tw65	277	16	remains	remain	VBZ
cord-034205-53i2tw65	277	17	in	in	IN
cord-034205-53i2tw65	277	18	the	the	DT
cord-034205-53i2tw65	277	19	system	system	NN
cord-034205-53i2tw65	277	20	by	by	IN
cord-034205-53i2tw65	277	21	being	be	VBG
cord-034205-53i2tw65	277	22	circulated	circulate	VBN
cord-034205-53i2tw65	277	23	multiple	multiple	JJ
cord-034205-53i2tw65	277	24	times	time	NNS
cord-034205-53i2tw65	277	25	with	with	IN
cord-034205-53i2tw65	277	26	each	each	DT
cord-034205-53i2tw65	277	27	transfer	transfer	NN
cord-034205-53i2tw65	277	28	among	among	IN
cord-034205-53i2tw65	277	29	the	the	DT
cord-034205-53i2tw65	277	30	clubs	club	NNS
cord-034205-53i2tw65	277	31	.	.	.
cord-034205-53i2tw65	278	1	Hence	hence	RB
cord-034205-53i2tw65	278	2	,	,	,
cord-034205-53i2tw65	278	3	at	at	IN
cord-034205-53i2tw65	278	4	this	this	DT
cord-034205-53i2tw65	278	5	point	point	NN
cord-034205-53i2tw65	278	6	,	,	,
cord-034205-53i2tw65	278	7	there	there	EX
cord-034205-53i2tw65	278	8	seems	seem	VBZ
cord-034205-53i2tw65	278	9	to	to	TO
cord-034205-53i2tw65	278	10	be	be	VB
cord-034205-53i2tw65	278	11	no	no	DT
cord-034205-53i2tw65	278	12	league	league	NN
cord-034205-53i2tw65	278	13	-	-	HYPH
cord-034205-53i2tw65	278	14	wide	wide	JJ
cord-034205-53i2tw65	278	15	speculative	speculative	JJ
cord-034205-53i2tw65	278	16	bubble	bubble	NN
cord-034205-53i2tw65	278	17	in	in	IN
cord-034205-53i2tw65	278	18	economic	economic	JJ
cord-034205-53i2tw65	278	19	terms	term	NNS
cord-034205-53i2tw65	278	20	based	base	VBN
cord-034205-53i2tw65	278	21	on	on	IN
cord-034205-53i2tw65	278	22	recent	recent	JJ
cord-034205-53i2tw65	278	23	transfer	transfer	NN
cord-034205-53i2tw65	278	24	fee	fee	NN
cord-034205-53i2tw65	278	25	increases	increase	NNS
cord-034205-53i2tw65	278	26	in	in	IN
cord-034205-53i2tw65	278	27	any	any	DT
cord-034205-53i2tw65	278	28	of	of	IN
cord-034205-53i2tw65	278	29	the	the	DT
cord-034205-53i2tw65	278	30	major	major	JJ
cord-034205-53i2tw65	278	31	European	european	JJ
cord-034205-53i2tw65	278	32	leagues	league	NNS
cord-034205-53i2tw65	278	33	,	,	,
cord-034205-53i2tw65	278	34	especially	especially	RB
cord-034205-53i2tw65	278	35	since	since	IN
cord-034205-53i2tw65	278	36	cash	cash	NN
cord-034205-53i2tw65	278	37	inflows	inflow	NNS
cord-034205-53i2tw65	278	38	are	be	VBP
cord-034205-53i2tw65	278	39	largely	largely	RB
cord-034205-53i2tw65	278	40	based	base	VBN
cord-034205-53i2tw65	278	41	on	on	IN
cord-034205-53i2tw65	278	42	economic	economic	JJ
cord-034205-53i2tw65	278	43	processes	process	NNS
cord-034205-53i2tw65	278	44	rather	rather	RB
cord-034205-53i2tw65	278	45	than	than	IN
cord-034205-53i2tw65	278	46	on	on	IN
cord-034205-53i2tw65	278	47	speculative	speculative	JJ
cord-034205-53i2tw65	278	48	behavior	behavior	NN
cord-034205-53i2tw65	278	49	.	.	.
cord-034205-53i2tw65	279	1	In	in	IN
cord-034205-53i2tw65	279	2	this	this	DT
cord-034205-53i2tw65	279	3	sense	sense	NN
cord-034205-53i2tw65	279	4	,	,	,
cord-034205-53i2tw65	279	5	the	the	DT
cord-034205-53i2tw65	279	6	situation	situation	NN
cord-034205-53i2tw65	279	7	in	in	IN
cord-034205-53i2tw65	279	8	European	european	JJ
cord-034205-53i2tw65	279	9	football	football	NN
cord-034205-53i2tw65	279	10	can	can	MD
cord-034205-53i2tw65	279	11	be	be	VB
cord-034205-53i2tw65	279	12	defined	define	VBN
cord-034205-53i2tw65	279	13	as	as	IN
cord-034205-53i2tw65	279	14	an	an	DT
cord-034205-53i2tw65	279	15	atypical	atypical	JJ
cord-034205-53i2tw65	279	16	bubble	bubble	NN
cord-034205-53i2tw65	279	17	:	:	:
cord-034205-53i2tw65	279	18	while	while	IN
cord-034205-53i2tw65	279	19	showing	show	VBG
cord-034205-53i2tw65	279	20	a	a	DT
cord-034205-53i2tw65	279	21	similar	similar	JJ
cord-034205-53i2tw65	279	22	pattern	pattern	NN
cord-034205-53i2tw65	279	23	to	to	IN
cord-034205-53i2tw65	279	24	other	other	JJ
cord-034205-53i2tw65	279	25	bubbles	bubble	NNS
cord-034205-53i2tw65	279	26	,	,	,
cord-034205-53i2tw65	279	27	typical	typical	JJ
cord-034205-53i2tw65	279	28	growing	grow	VBG
cord-034205-53i2tw65	279	29	indebtedness	indebtedness	NN
cord-034205-53i2tw65	279	30	13	13	CD
cord-034205-53i2tw65	279	31	without	without	IN
cord-034205-53i2tw65	279	32	proper	proper	JJ
cord-034205-53i2tw65	279	33	cash	cash	NN
cord-034205-53i2tw65	279	34	inflows	inflow	NNS
cord-034205-53i2tw65	279	35	is	be	VBZ
cord-034205-53i2tw65	279	36	missing	miss	VBG
cord-034205-53i2tw65	279	37	.	.	.
cord-034205-53i2tw65	280	1	However	however	RB
cord-034205-53i2tw65	280	2	,	,	,
cord-034205-53i2tw65	280	3	France	France	NNP
cord-034205-53i2tw65	280	4	and	and	CC
cord-034205-53i2tw65	280	5	especially	especially	RB
cord-034205-53i2tw65	280	6	Italy	Italy	NNP
cord-034205-53i2tw65	280	7	need	need	VBP
cord-034205-53i2tw65	280	8	to	to	TO
cord-034205-53i2tw65	280	9	be	be	VB
cord-034205-53i2tw65	280	10	careful	careful	JJ
cord-034205-53i2tw65	280	11	not	not	RB
cord-034205-53i2tw65	280	12	to	to	TO
cord-034205-53i2tw65	280	13	further	further	RB
cord-034205-53i2tw65	280	14	outgrow	outgrow	VB
cord-034205-53i2tw65	280	15	their	-PRON-	PRP$
cord-034205-53i2tw65	280	16	cash	cash	NN
cord-034205-53i2tw65	280	17	inflows	inflow	NNS
cord-034205-53i2tw65	280	18	and	and	CC
cord-034205-53i2tw65	280	19	slide	slide	VB
cord-034205-53i2tw65	280	20	into	into	IN
cord-034205-53i2tw65	280	21	financial	financial	JJ
cord-034205-53i2tw65	280	22	instability	instability	NN
cord-034205-53i2tw65	280	23	or	or	CC
cord-034205-53i2tw65	280	24	even	even	RB
cord-034205-53i2tw65	280	25	a	a	DT
cord-034205-53i2tw65	280	26	bubble	bubble	NN
cord-034205-53i2tw65	280	27	.	.	.
cord-034205-53i2tw65	281	1	Furthermore	furthermore	RB
cord-034205-53i2tw65	281	2	,	,	,
cord-034205-53i2tw65	281	3	accounting	account	VBG
cord-034205-53i2tw65	281	4	for	for	IN
cord-034205-53i2tw65	281	5	player	player	NN
cord-034205-53i2tw65	281	6	transfers	transfer	NNS
cord-034205-53i2tw65	281	7	incorporates	incorporate	VBZ
cord-034205-53i2tw65	281	8	some	some	DT
cord-034205-53i2tw65	281	9	peculiarities	peculiarity	NNS
cord-034205-53i2tw65	281	10	that	that	WDT
cord-034205-53i2tw65	281	11	need	need	VBP
cord-034205-53i2tw65	281	12	to	to	TO
cord-034205-53i2tw65	281	13	be	be	VB
cord-034205-53i2tw65	281	14	considered	consider	VBN
cord-034205-53i2tw65	281	15	when	when	WRB
cord-034205-53i2tw65	281	16	interpreting	interpret	VBG
cord-034205-53i2tw65	281	17	today	today	NN
cord-034205-53i2tw65	281	18	's	's	POS
cord-034205-53i2tw65	281	19	bottom	bottom	JJ
cord-034205-53i2tw65	281	20	-	-	HYPH
cord-034205-53i2tw65	281	21	line	line	NN
cord-034205-53i2tw65	281	22	figures	figure	NNS
cord-034205-53i2tw65	281	23	:	:	:
cord-034205-53i2tw65	281	24	while	while	IN
cord-034205-53i2tw65	281	25	transfer	transfer	NN
cord-034205-53i2tw65	281	26	income	income	NN
cord-034205-53i2tw65	281	27	is	be	VBZ
cord-034205-53i2tw65	281	28	effective	effective	JJ
cord-034205-53i2tw65	281	29	immediately	immediately	RB
cord-034205-53i2tw65	281	30	after	after	IN
cord-034205-53i2tw65	281	31	the	the	DT
cord-034205-53i2tw65	281	32	sale	sale	NN
cord-034205-53i2tw65	281	33	,	,	,
cord-034205-53i2tw65	281	34	costs	cost	NNS
cord-034205-53i2tw65	281	35	are	be	VBP
cord-034205-53i2tw65	281	36	distributed	distribute	VBN
cord-034205-53i2tw65	281	37	over	over	IN
cord-034205-53i2tw65	281	38	a	a	DT
cord-034205-53i2tw65	281	39	player	player	NN
cord-034205-53i2tw65	281	40	's	's	POS
cord-034205-53i2tw65	281	41	contract	contract	NN
cord-034205-53i2tw65	281	42	duration	duration	NN
cord-034205-53i2tw65	281	43	(	(	-LRB-
cord-034205-53i2tw65	281	44	UEFA	UEFA	NNP
cord-034205-53i2tw65	281	45	2019	2019	CD
cord-034205-53i2tw65	281	46	,	,	,
cord-034205-53i2tw65	281	47	p.	p.	NN
cord-034205-53i2tw65	281	48	86	86	CD
cord-034205-53i2tw65	281	49	)	)	-RRB-
cord-034205-53i2tw65	281	50	.	.	.
cord-034205-53i2tw65	282	1	While	while	IN
cord-034205-53i2tw65	282	2	looking	look	VBG
cord-034205-53i2tw65	282	3	at	at	IN
cord-034205-53i2tw65	282	4	aggregated	aggregated	JJ
cord-034205-53i2tw65	282	5	data	datum	NNS
cord-034205-53i2tw65	282	6	earlier	early	RBR
cord-034205-53i2tw65	282	7	,	,	,
cord-034205-53i2tw65	282	8	a	a	DT
cord-034205-53i2tw65	282	9	deep	deep	JJ
cord-034205-53i2tw65	282	10	-	-	HYPH
cord-034205-53i2tw65	282	11	dive	dive	NN
cord-034205-53i2tw65	282	12	on	on	IN
cord-034205-53i2tw65	282	13	the	the	DT
cord-034205-53i2tw65	282	14	profitability	profitability	NN
cord-034205-53i2tw65	282	15	indicates	indicate	VBZ
cord-034205-53i2tw65	282	16	that	that	IN
cord-034205-53i2tw65	282	17	some	some	DT
cord-034205-53i2tw65	282	18	clubs	club	NNS
cord-034205-53i2tw65	282	19	might	may	MD
cord-034205-53i2tw65	282	20	"	"	``
cord-034205-53i2tw65	282	21	live	live	VB
cord-034205-53i2tw65	282	22	in	in	IN
cord-034205-53i2tw65	282	23	a	a	DT
cord-034205-53i2tw65	282	24	bubble	bubble	NN
cord-034205-53i2tw65	282	25	"	"	''
cord-034205-53i2tw65	282	26	despite	despite	IN
cord-034205-53i2tw65	282	27	the	the	DT
cord-034205-53i2tw65	282	28	absence	absence	NN
cord-034205-53i2tw65	282	29	of	of	IN
cord-034205-53i2tw65	282	30	a	a	DT
cord-034205-53i2tw65	282	31	league	league	NN
cord-034205-53i2tw65	282	32	-	-	HYPH
cord-034205-53i2tw65	282	33	wide	wide	JJ
cord-034205-53i2tw65	282	34	bubble	bubble	NN
cord-034205-53i2tw65	282	35	.	.	.
cord-034205-53i2tw65	283	1	However	however	RB
cord-034205-53i2tw65	283	2	,	,	,
cord-034205-53i2tw65	283	3	with	with	IN
cord-034205-53i2tw65	283	4	some	some	DT
cord-034205-53i2tw65	283	5	clubs	club	NNS
cord-034205-53i2tw65	283	6	living	live	VBG
cord-034205-53i2tw65	283	7	beyond	beyond	IN
cord-034205-53i2tw65	283	8	their	-PRON-	PRP$
cord-034205-53i2tw65	283	9	means	mean	NNS
cord-034205-53i2tw65	283	10	,	,	,
cord-034205-53i2tw65	283	11	this	this	DT
cord-034205-53i2tw65	283	12	does	do	VBZ
cord-034205-53i2tw65	283	13	not	not	RB
cord-034205-53i2tw65	283	14	mean	mean	VB
cord-034205-53i2tw65	283	15	that	that	IN
cord-034205-53i2tw65	283	16	the	the	DT
cord-034205-53i2tw65	283	17	entire	entire	JJ
cord-034205-53i2tw65	283	18	league	league	NN
cord-034205-53i2tw65	283	19	is	be	VBZ
cord-034205-53i2tw65	283	20	subject	subject	JJ
cord-034205-53i2tw65	283	21	to	to	IN
cord-034205-53i2tw65	283	22	a	a	DT
cord-034205-53i2tw65	283	23	speculative	speculative	JJ
cord-034205-53i2tw65	283	24	bubble	bubble	NN
cord-034205-53i2tw65	283	25	.	.	.
cord-034205-53i2tw65	284	1	Football	football	NN
cord-034205-53i2tw65	284	2	club	club	NN
cord-034205-53i2tw65	284	3	insolvencies	insolvency	NNS
cord-034205-53i2tw65	284	4	are	be	VBP
cord-034205-53i2tw65	284	5	not	not	RB
cord-034205-53i2tw65	284	6	uncommon	uncommon	JJ
cord-034205-53i2tw65	284	7	(	(	-LRB-
cord-034205-53i2tw65	284	8	Szymanski	Szymanski	NNP
cord-034205-53i2tw65	284	9	2017	2017	CD
cord-034205-53i2tw65	284	10	)	)	-RRB-
cord-034205-53i2tw65	284	11	,	,	,
cord-034205-53i2tw65	284	12	and	and	CC
cord-034205-53i2tw65	284	13	thus	thus	RB
cord-034205-53i2tw65	284	14	an	an	DT
cord-034205-53i2tw65	284	15	individual	individual	JJ
cord-034205-53i2tw65	284	16	insolvency	insolvency	NN
cord-034205-53i2tw65	284	17	does	do	VBZ
cord-034205-53i2tw65	284	18	not	not	RB
cord-034205-53i2tw65	284	19	automatically	automatically	RB
cord-034205-53i2tw65	284	20	lead	lead	VB
cord-034205-53i2tw65	284	21	to	to	IN
cord-034205-53i2tw65	284	22	a	a	DT
cord-034205-53i2tw65	284	23	"	"	``
cord-034205-53i2tw65	284	24	bursting	burst	VBG
cord-034205-53i2tw65	284	25	bubble	bubble	NN
cord-034205-53i2tw65	284	26	,	,	,
cord-034205-53i2tw65	284	27	"	"	''
cord-034205-53i2tw65	284	28	in	in	IN
cord-034205-53i2tw65	284	29	the	the	DT
cord-034205-53i2tw65	284	30	sense	sense	NN
cord-034205-53i2tw65	284	31	that	that	IN
cord-034205-53i2tw65	284	32	the	the	DT
cord-034205-53i2tw65	284	33	entire	entire	JJ
cord-034205-53i2tw65	284	34	market	market	NN
cord-034205-53i2tw65	284	35	will	will	MD
cord-034205-53i2tw65	284	36	collapse	collapse	VB
cord-034205-53i2tw65	284	37	.	.	.
cord-034205-53i2tw65	285	1	However	however	RB
cord-034205-53i2tw65	285	2	,	,	,
cord-034205-53i2tw65	285	3	a	a	DT
cord-034205-53i2tw65	285	4	chain	chain	NN
cord-034205-53i2tw65	285	5	reaction	reaction	NN
cord-034205-53i2tw65	285	6	following	follow	VBG
cord-034205-53i2tw65	285	7	multiple	multiple	JJ
cord-034205-53i2tw65	285	8	(	(	-LRB-
cord-034205-53i2tw65	285	9	and	and	CC
cord-034205-53i2tw65	285	10	almost	almost	RB
cord-034205-53i2tw65	285	11	simultaneous	simultaneous	JJ
cord-034205-53i2tw65	285	12	)	)	-RRB-
cord-034205-53i2tw65	285	13	insolvencies	insolvency	NNS
cord-034205-53i2tw65	285	14	among	among	IN
cord-034205-53i2tw65	285	15	football	football	NN
cord-034205-53i2tw65	285	16	clubs	club	NNS
cord-034205-53i2tw65	285	17	could	could	MD
cord-034205-53i2tw65	285	18	entail	entail	VB
cord-034205-53i2tw65	285	19	just	just	RB
cord-034205-53i2tw65	285	20	that	that	DT
cord-034205-53i2tw65	285	21	.	.	.
cord-034205-53i2tw65	286	1	For	for	IN
cord-034205-53i2tw65	286	2	the	the	DT
cord-034205-53i2tw65	286	3	Premier	Premier	NNP
cord-034205-53i2tw65	286	4	League	League	NNP
cord-034205-53i2tw65	286	5	,	,	,
cord-034205-53i2tw65	286	6	Bundesliga	Bundesliga	NNP
cord-034205-53i2tw65	286	7	,	,	,
cord-034205-53i2tw65	286	8	14	14	CD
cord-034205-53i2tw65	286	9	LaLiga	LaLiga	NNP
cord-034205-53i2tw65	286	10	and	and	CC
cord-034205-53i2tw65	286	11	Ligue	Ligue	NNP
cord-034205-53i2tw65	286	12	1	1	CD
cord-034205-53i2tw65	286	13	,	,	,
cord-034205-53i2tw65	286	14	a	a	DT
cord-034205-53i2tw65	286	15	great	great	JJ
cord-034205-53i2tw65	286	16	majority	majority	NN
cord-034205-53i2tw65	286	17	of	of	IN
cord-034205-53i2tw65	286	18	the	the	DT
cord-034205-53i2tw65	286	19	clubs	club	NNS
cord-034205-53i2tw65	286	20	reported	report	VBD
cord-034205-53i2tw65	286	21	a	a	DT
cord-034205-53i2tw65	286	22	bottomline	bottomline	NN
cord-034205-53i2tw65	286	23	profit	profit	NN
cord-034205-53i2tw65	286	24	for	for	IN
cord-034205-53i2tw65	286	25	FY	FY	NNP
cord-034205-53i2tw65	286	26	2018	2018	CD
cord-034205-53i2tw65	286	27	.	.	.
cord-034205-53i2tw65	287	1	However	however	RB
cord-034205-53i2tw65	287	2	,	,	,
cord-034205-53i2tw65	287	3	the	the	DT
cord-034205-53i2tw65	287	4	club	club	NN
cord-034205-53i2tw65	287	5	-	-	HYPH
cord-034205-53i2tw65	287	6	level	level	NN
cord-034205-53i2tw65	287	7	overview	overview	NN
cord-034205-53i2tw65	287	8	confirms	confirm	VBZ
cord-034205-53i2tw65	287	9	that	that	IN
cord-034205-53i2tw65	287	10	especially	especially	RB
cord-034205-53i2tw65	287	11	the	the	DT
cord-034205-53i2tw65	287	12	Italian	italian	JJ
cord-034205-53i2tw65	287	13	league	league	NN
cord-034205-53i2tw65	287	14	should	should	MD
cord-034205-53i2tw65	287	15	carefully	carefully	RB
cord-034205-53i2tw65	287	16	monitor	monitor	VB
cord-034205-53i2tw65	287	17	the	the	DT
cord-034205-53i2tw65	287	18	investment	investment	NN
cord-034205-53i2tw65	287	19	behavior	behavior	NN
cord-034205-53i2tw65	287	20	in	in	IN
cord-034205-53i2tw65	287	21	order	order	NN
cord-034205-53i2tw65	287	22	to	to	TO
cord-034205-53i2tw65	287	23	avoid	avoid	VB
cord-034205-53i2tw65	287	24	12	12	CD
cord-034205-53i2tw65	287	25	The	the	DT
cord-034205-53i2tw65	287	26	metaphor	metaphor	NN
cord-034205-53i2tw65	287	27	of	of	IN
cord-034205-53i2tw65	287	28	an	an	DT
cord-034205-53i2tw65	287	29	"	"	``
cord-034205-53i2tw65	287	30	elevator	elevator	NN
cord-034205-53i2tw65	287	31	effect	effect	NN
cord-034205-53i2tw65	287	32	"	"	''
cord-034205-53i2tw65	287	33	refers	refer	VBZ
cord-034205-53i2tw65	287	34	to	to	IN
cord-034205-53i2tw65	287	35	the	the	DT
cord-034205-53i2tw65	287	36	increasing	increase	VBG
cord-034205-53i2tw65	287	37	(	(	-LRB-
cord-034205-53i2tw65	287	38	absolute	absolute	JJ
cord-034205-53i2tw65	287	39	)	)	-RRB-
cord-034205-53i2tw65	287	40	wealth	wealth	NN
cord-034205-53i2tw65	287	41	for	for	IN
cord-034205-53i2tw65	287	42	the	the	DT
cord-034205-53i2tw65	287	43	entire	entire	JJ
cord-034205-53i2tw65	287	44	society	society	NN
cord-034205-53i2tw65	287	45	in	in	IN
cord-034205-53i2tw65	287	46	Western	Western	NNP
cord-034205-53i2tw65	287	47	Germany	Germany	NNP
cord-034205-53i2tw65	287	48	following	follow	VBG
cord-034205-53i2tw65	287	49	the	the	DT
cord-034205-53i2tw65	287	50	Second	Second	NNP
cord-034205-53i2tw65	287	51	World	World	NNP
cord-034205-53i2tw65	287	52	War	War	NNP
cord-034205-53i2tw65	287	53	and	and	CC
cord-034205-53i2tw65	287	54	thus	thus	RB
cord-034205-53i2tw65	287	55	moving	move	VBG
cord-034205-53i2tw65	287	56	up	up	RP
cord-034205-53i2tw65	287	57	with	with	IN
cord-034205-53i2tw65	287	58	the	the	DT
cord-034205-53i2tw65	287	59	elevator	elevator	NN
cord-034205-53i2tw65	287	60	(	(	-LRB-
cord-034205-53i2tw65	287	61	Beck	Beck	NNP
cord-034205-53i2tw65	287	62	2016	2016	CD
cord-034205-53i2tw65	287	63	)	)	-RRB-
cord-034205-53i2tw65	287	64	.	.	.
cord-034205-53i2tw65	288	1	Based	base	VBN
cord-034205-53i2tw65	288	2	on	on	IN
cord-034205-53i2tw65	288	3	the	the	DT
cord-034205-53i2tw65	288	4	paradox	paradox	NN
cord-034205-53i2tw65	288	5	of	of	IN
cord-034205-53i2tw65	288	6	competition	competition	NN
cord-034205-53i2tw65	288	7	(	(	-LRB-
cord-034205-53i2tw65	288	8	see	see	VB
cord-034205-53i2tw65	288	9	Grass	Grass	NNP
cord-034205-53i2tw65	288	10	and	and	CC
cord-034205-53i2tw65	288	11	Stützel	Stützel	NNP
cord-034205-53i2tw65	288	12	1988	1988	CD
cord-034205-53i2tw65	288	13	)	)	-RRB-
cord-034205-53i2tw65	288	14	,	,	,
cord-034205-53i2tw65	288	15	clubs	club	NNS
cord-034205-53i2tw65	288	16	can	can	MD
cord-034205-53i2tw65	288	17	only	only	RB
cord-034205-53i2tw65	288	18	improve	improve	VB
cord-034205-53i2tw65	288	19	their	-PRON-	PRP$
cord-034205-53i2tw65	288	20	position	position	NN
cord-034205-53i2tw65	288	21	if	if	IN
cord-034205-53i2tw65	288	22	they	-PRON-	PRP
cord-034205-53i2tw65	288	23	increase	increase	VBP
cord-034205-53i2tw65	288	24	their	-PRON-	PRP$
cord-034205-53i2tw65	288	25	team	team	NN
cord-034205-53i2tw65	288	26	investments	investment	NNS
cord-034205-53i2tw65	288	27	more	more	JJR
cord-034205-53i2tw65	288	28	than	than	IN
cord-034205-53i2tw65	288	29	other	other	JJ
cord-034205-53i2tw65	288	30	clubs	club	NNS
cord-034205-53i2tw65	288	31	(	(	-LRB-
cord-034205-53i2tw65	288	32	sentence	sentence	NN
cord-034205-53i2tw65	288	33	about	about	IN
cord-034205-53i2tw65	288	34	the	the	DT
cord-034205-53i2tw65	288	35	mechanics	mechanic	NNS
cord-034205-53i2tw65	288	36	of	of	IN
cord-034205-53i2tw65	288	37	size	size	NN
cord-034205-53i2tw65	288	38	)	)	-RRB-
cord-034205-53i2tw65	288	39	.	.	.
cord-034205-53i2tw65	289	1	If	if	IN
cord-034205-53i2tw65	289	2	,	,	,
cord-034205-53i2tw65	289	3	however	however	RB
cord-034205-53i2tw65	289	4	,	,	,
cord-034205-53i2tw65	289	5	all	all	DT
cord-034205-53i2tw65	289	6	clubs	club	NNS
cord-034205-53i2tw65	289	7	increase	increase	VBP
cord-034205-53i2tw65	289	8	their	-PRON-	PRP$
cord-034205-53i2tw65	289	9	team	team	NN
cord-034205-53i2tw65	289	10	investments	investment	NNS
cord-034205-53i2tw65	289	11	,	,	,
cord-034205-53i2tw65	289	12	relative	relative	JJ
cord-034205-53i2tw65	289	13	sporting	sporting	NN
cord-034205-53i2tw65	289	14	differences	difference	NNS
cord-034205-53i2tw65	289	15	will	will	MD
cord-034205-53i2tw65	289	16	remain	remain	VB
cord-034205-53i2tw65	289	17	.	.	.
cord-034205-53i2tw65	290	1	The	the	DT
cord-034205-53i2tw65	290	2	result	result	NN
cord-034205-53i2tw65	290	3	is	be	VBZ
cord-034205-53i2tw65	290	4	just	just	RB
cord-034205-53i2tw65	290	5	a	a	DT
cord-034205-53i2tw65	290	6	higher	high	JJR
cord-034205-53i2tw65	290	7	spending	spending	NN
cord-034205-53i2tw65	290	8	behavior	behavior	NN
cord-034205-53i2tw65	290	9	for	for	IN
cord-034205-53i2tw65	290	10	all	all	DT
cord-034205-53i2tw65	290	11	clubs	club	NNS
cord-034205-53i2tw65	290	12	(	(	-LRB-
cord-034205-53i2tw65	290	13	global	global	JJ
cord-034205-53i2tw65	290	14	sentence	sentence	NN
cord-034205-53i2tw65	290	15	)	)	-RRB-
cord-034205-53i2tw65	290	16	.	.	.
cord-034205-53i2tw65	291	1	13	13	CD
cord-034205-53i2tw65	292	1	Except	except	IN
cord-034205-53i2tw65	292	2	for	for	IN
cord-034205-53i2tw65	292	3	FY2018	FY2018	NNP
cord-034205-53i2tw65	292	4	in	in	IN
cord-034205-53i2tw65	292	5	England	England	NNP
cord-034205-53i2tw65	292	6	and	and	CC
cord-034205-53i2tw65	292	7	Italy	Italy	NNP
cord-034205-53i2tw65	292	8	.	.	.
cord-034205-53i2tw65	293	1	14	14	CD
cord-034205-53i2tw65	294	1	Slight	slight	JJ
cord-034205-53i2tw65	294	2	increase	increase	NN
cord-034205-53i2tw65	294	3	in	in	IN
cord-034205-53i2tw65	294	4	number	number	NN
cord-034205-53i2tw65	294	5	of	of	IN
cord-034205-53i2tw65	294	6	clubs	club	NNS
cord-034205-53i2tw65	294	7	with	with	IN
cord-034205-53i2tw65	294	8	moderate	moderate	JJ
cord-034205-53i2tw65	294	9	bottom	bottom	JJ
cord-034205-53i2tw65	294	10	-	-	HYPH
cord-034205-53i2tw65	294	11	line	line	NN
cord-034205-53i2tw65	294	12	losses	loss	NNS
cord-034205-53i2tw65	294	13	compared	compare	VBN
cord-034205-53i2tw65	294	14	to	to	IN
cord-034205-53i2tw65	294	15	FY2017	fy2017	NN
cord-034205-53i2tw65	294	16	in	in	IN
cord-034205-53i2tw65	294	17	the	the	DT
cord-034205-53i2tw65	294	18	Premier	Premier	NNP
cord-034205-53i2tw65	294	19	League	League	NNP
cord-034205-53i2tw65	294	20	and	and	CC
cord-034205-53i2tw65	294	21	Bundesliga	Bundesliga	NNP
cord-034205-53i2tw65	294	22	.	.	.
cord-034205-53i2tw65	295	1	a	a	DT
cord-034205-53i2tw65	295	2	potential	potential	JJ
cord-034205-53i2tw65	295	3	bubble	bubble	NN
cord-034205-53i2tw65	295	4	-	-	HYPH
cord-034205-53i2tw65	295	5	building	building	NN
cord-034205-53i2tw65	295	6	as	as	IN
cord-034205-53i2tw65	295	7	the	the	DT
cord-034205-53i2tw65	295	8	majority	majority	NN
cord-034205-53i2tw65	295	9	of	of	IN
cord-034205-53i2tw65	295	10	the	the	DT
cord-034205-53i2tw65	295	11	clubs	club	NNS
cord-034205-53i2tw65	295	12	reported	report	VBD
cord-034205-53i2tw65	295	13	a	a	DT
cord-034205-53i2tw65	295	14	loss	loss	NN
cord-034205-53i2tw65	295	15	in	in	IN
cord-034205-53i2tw65	295	16	FY2018	fy2018	NN
cord-034205-53i2tw65	295	17	,	,	,
cord-034205-53i2tw65	295	18	which	which	WDT
cord-034205-53i2tw65	295	19	represented	represent	VBD
cord-034205-53i2tw65	295	20	a	a	DT
cord-034205-53i2tw65	295	21	further	further	JJ
cord-034205-53i2tw65	295	22	worsening	worsening	NN
cord-034205-53i2tw65	295	23	of	of	IN
cord-034205-53i2tw65	295	24	the	the	DT
cord-034205-53i2tw65	295	25	situation	situation	NN
cord-034205-53i2tw65	295	26	compared	compare	VBN
cord-034205-53i2tw65	295	27	to	to	IN
cord-034205-53i2tw65	295	28	previous	previous	JJ
cord-034205-53i2tw65	295	29	years	year	NNS
cord-034205-53i2tw65	295	30	(	(	-LRB-
cord-034205-53i2tw65	295	31	UEFA	UEFA	NNP
cord-034205-53i2tw65	295	32	2020	2020	CD
cord-034205-53i2tw65	295	33	)	)	-RRB-
cord-034205-53i2tw65	295	34	.	.	.
cord-034205-53i2tw65	296	1	In	in	IN
cord-034205-53i2tw65	296	2	the	the	DT
cord-034205-53i2tw65	296	3	past	past	NN
cord-034205-53i2tw65	296	4	,	,	,
cord-034205-53i2tw65	296	5	the	the	DT
cord-034205-53i2tw65	296	6	leagues	league	NNS
cord-034205-53i2tw65	296	7	and	and	CC
cord-034205-53i2tw65	296	8	the	the	DT
cord-034205-53i2tw65	296	9	UEFA	UEFA	NNP
cord-034205-53i2tw65	296	10	have	have	VBP
cord-034205-53i2tw65	296	11	already	already	RB
cord-034205-53i2tw65	296	12	implemented	implement	VBN
cord-034205-53i2tw65	296	13	several	several	JJ
cord-034205-53i2tw65	296	14	measures	measure	NNS
cord-034205-53i2tw65	296	15	,	,	,
cord-034205-53i2tw65	296	16	such	such	JJ
cord-034205-53i2tw65	296	17	as	as	IN
cord-034205-53i2tw65	296	18	the	the	DT
cord-034205-53i2tw65	296	19	Financial	Financial	NNP
cord-034205-53i2tw65	296	20	Fair	Fair	NNP
cord-034205-53i2tw65	296	21	Play	Play	NNP
cord-034205-53i2tw65	296	22	regulations	regulation	NNS
cord-034205-53i2tw65	296	23	(	(	-LRB-
cord-034205-53i2tw65	296	24	Schubert	Schubert	NNP
cord-034205-53i2tw65	296	25	and	and	CC
cord-034205-53i2tw65	296	26	Lopez	Lopez	NNP
cord-034205-53i2tw65	296	27	Frias	Frias	NNP
cord-034205-53i2tw65	296	28	2019	2019	CD
cord-034205-53i2tw65	296	29	)	)	-RRB-
cord-034205-53i2tw65	296	30	,	,	,
cord-034205-53i2tw65	296	31	to	to	TO
cord-034205-53i2tw65	296	32	ensure	ensure	VB
cord-034205-53i2tw65	296	33	the	the	DT
cord-034205-53i2tw65	296	34	financial	financial	JJ
cord-034205-53i2tw65	296	35	stability	stability	NN
cord-034205-53i2tw65	296	36	.	.	.
cord-034205-53i2tw65	297	1	Should	Should	MD
cord-034205-53i2tw65	297	2	the	the	DT
cord-034205-53i2tw65	297	3	situation	situation	NN
cord-034205-53i2tw65	297	4	become	become	VB
cord-034205-53i2tw65	297	5	more	more	RBR
cord-034205-53i2tw65	297	6	challenging	challenging	JJ
cord-034205-53i2tw65	297	7	,	,	,
cord-034205-53i2tw65	297	8	these	these	DT
cord-034205-53i2tw65	297	9	regulations	regulation	NNS
cord-034205-53i2tw65	297	10	might	may	MD
cord-034205-53i2tw65	297	11	be	be	VB
cord-034205-53i2tw65	297	12	extended	extend	VBN
cord-034205-53i2tw65	297	13	in	in	IN
cord-034205-53i2tw65	297	14	the	the	DT
cord-034205-53i2tw65	297	15	coming	come	VBG
cord-034205-53i2tw65	297	16	years	year	NNS
cord-034205-53i2tw65	297	17	.	.	.
cord-034205-53i2tw65	298	1	The	the	DT
cord-034205-53i2tw65	298	2	results	result	NNS
cord-034205-53i2tw65	298	3	of	of	IN
cord-034205-53i2tw65	298	4	this	this	DT
cord-034205-53i2tw65	298	5	study	study	NN
cord-034205-53i2tw65	298	6	show	show	NN
cord-034205-53i2tw65	298	7	that	that	IN
cord-034205-53i2tw65	298	8	especially	especially	RB
cord-034205-53i2tw65	298	9	the	the	DT
cord-034205-53i2tw65	298	10	French	french	JJ
cord-034205-53i2tw65	298	11	and	and	CC
cord-034205-53i2tw65	298	12	foremost	foremost	RB
cord-034205-53i2tw65	298	13	the	the	DT
cord-034205-53i2tw65	298	14	Italian	italian	JJ
cord-034205-53i2tw65	298	15	league	league	NN
cord-034205-53i2tw65	298	16	should	should	MD
cord-034205-53i2tw65	298	17	carefully	carefully	RB
cord-034205-53i2tw65	298	18	monitor	monitor	VB
cord-034205-53i2tw65	298	19	the	the	DT
cord-034205-53i2tw65	298	20	financial	financial	JJ
cord-034205-53i2tw65	298	21	development	development	NN
cord-034205-53i2tw65	298	22	and	and	CC
cord-034205-53i2tw65	298	23	could	could	MD
cord-034205-53i2tw65	298	24	consider	consider	VB
cord-034205-53i2tw65	298	25	to	to	TO
cord-034205-53i2tw65	298	26	enforce	enforce	VB
cord-034205-53i2tw65	298	27	stricter	strict	JJR
cord-034205-53i2tw65	298	28	financial	financial	JJ
cord-034205-53i2tw65	298	29	regulations	regulation	NNS
cord-034205-53i2tw65	298	30	if	if	IN
cord-034205-53i2tw65	298	31	the	the	DT
cord-034205-53i2tw65	298	32	situation	situation	NN
cord-034205-53i2tw65	298	33	does	do	VBZ
cord-034205-53i2tw65	298	34	not	not	RB
cord-034205-53i2tw65	298	35	improve	improve	VB
cord-034205-53i2tw65	298	36	.	.	.
cord-034205-53i2tw65	299	1	Similar	similar	JJ
cord-034205-53i2tw65	299	2	to	to	IN
cord-034205-53i2tw65	299	3	the	the	DT
cord-034205-53i2tw65	299	4	rapid	rapid	JJ
cord-034205-53i2tw65	299	5	revenue	revenue	NN
cord-034205-53i2tw65	299	6	increase	increase	NN
cord-034205-53i2tw65	299	7	that	that	WDT
cord-034205-53i2tw65	299	8	drove	drive	VBD
cord-034205-53i2tw65	299	9	the	the	DT
cord-034205-53i2tw65	299	10	clubs	club	NNS
cord-034205-53i2tw65	299	11	'	'	POS
cord-034205-53i2tw65	299	12	team	team	NN
cord-034205-53i2tw65	299	13	investments	investment	NNS
cord-034205-53i2tw65	299	14	in	in	IN
cord-034205-53i2tw65	299	15	recent	recent	JJ
cord-034205-53i2tw65	299	16	years	year	NNS
cord-034205-53i2tw65	299	17	,	,	,
cord-034205-53i2tw65	299	18	an	an	DT
cord-034205-53i2tw65	299	19	opposite	opposite	JJ
cord-034205-53i2tw65	299	20	trend	trend	NN
cord-034205-53i2tw65	299	21	can	can	MD
cord-034205-53i2tw65	299	22	lead	lead	VB
cord-034205-53i2tw65	299	23	to	to	IN
cord-034205-53i2tw65	299	24	lower	low	JJR
cord-034205-53i2tw65	299	25	revenues	revenue	NNS
cord-034205-53i2tw65	299	26	.	.	.
cord-034205-53i2tw65	300	1	Two	two	CD
cord-034205-53i2tw65	300	2	of	of	IN
cord-034205-53i2tw65	300	3	the	the	DT
cord-034205-53i2tw65	300	4	main	main	JJ
cord-034205-53i2tw65	300	5	associated	associated	JJ
cord-034205-53i2tw65	300	6	risks	risk	NNS
cord-034205-53i2tw65	300	7	are	be	VBP
cord-034205-53i2tw65	300	8	decreased	decrease	VBN
cord-034205-53i2tw65	300	9	broadcasting	broadcasting	NN
cord-034205-53i2tw65	300	10	income	income	NN
cord-034205-53i2tw65	300	11	and	and	CC
cord-034205-53i2tw65	300	12	the	the	DT
cord-034205-53i2tw65	300	13	exit	exit	NN
cord-034205-53i2tw65	300	14	of	of	IN
cord-034205-53i2tw65	300	15	wealthy	wealthy	JJ
cord-034205-53i2tw65	300	16	club	club	NN
cord-034205-53i2tw65	300	17	owners	owner	NNS
cord-034205-53i2tw65	300	18	.	.	.
cord-034205-53i2tw65	301	1	However	however	RB
cord-034205-53i2tw65	301	2	,	,	,
cord-034205-53i2tw65	301	3	the	the	DT
cord-034205-53i2tw65	301	4	risk	risk	NN
cord-034205-53i2tw65	301	5	of	of	IN
cord-034205-53i2tw65	301	6	an	an	DT
cord-034205-53i2tw65	301	7	immediate	immediate	JJ
cord-034205-53i2tw65	301	8	drop	drop	NN
cord-034205-53i2tw65	301	9	in	in	IN
cord-034205-53i2tw65	301	10	revenue	revenue	NN
cord-034205-53i2tw65	301	11	because	because	IN
cord-034205-53i2tw65	301	12	of	of	IN
cord-034205-53i2tw65	301	13	decreased	decrease	VBN
cord-034205-53i2tw65	301	14	broadcasting	broadcasting	NN
cord-034205-53i2tw65	301	15	income	income	NN
cord-034205-53i2tw65	301	16	is	be	VBZ
cord-034205-53i2tw65	301	17	limited	limit	VBN
cord-034205-53i2tw65	301	18	since	since	IN
cord-034205-53i2tw65	301	19	contracts	contract	NNS
cord-034205-53i2tw65	301	20	are	be	VBP
cord-034205-53i2tw65	301	21	negotiated	negotiate	VBN
cord-034205-53i2tw65	301	22	1	1	CD
cord-034205-53i2tw65	301	23	or	or	CC
cord-034205-53i2tw65	301	24	2	2	CD
cord-034205-53i2tw65	301	25	years	year	NNS
cord-034205-53i2tw65	301	26	before	before	IN
cord-034205-53i2tw65	301	27	coming	come	VBG
cord-034205-53i2tw65	301	28	into	into	IN
cord-034205-53i2tw65	301	29	effect	effect	NN
cord-034205-53i2tw65	301	30	.	.	.
cord-034205-53i2tw65	302	1	Thus	thus	RB
cord-034205-53i2tw65	302	2	,	,	,
cord-034205-53i2tw65	302	3	even	even	RB
cord-034205-53i2tw65	302	4	in	in	IN
cord-034205-53i2tw65	302	5	cases	case	NNS
cord-034205-53i2tw65	302	6	featuring	feature	VBG
cord-034205-53i2tw65	302	7	lower	low	JJR
cord-034205-53i2tw65	302	8	contract	contract	NN
cord-034205-53i2tw65	302	9	values	value	NNS
cord-034205-53i2tw65	302	10	,	,	,
cord-034205-53i2tw65	302	11	clubs	club	NNS
cord-034205-53i2tw65	302	12	can	can	MD
cord-034205-53i2tw65	302	13	adjust	adjust	VB
cord-034205-53i2tw65	302	14	their	-PRON-	PRP$
cord-034205-53i2tw65	302	15	team	team	NN
cord-034205-53i2tw65	302	16	investments	investment	NNS
cord-034205-53i2tw65	302	17	accordingly	accordingly	RB
cord-034205-53i2tw65	302	18	.	.	.
cord-034205-53i2tw65	303	1	Furthermore	furthermore	RB
cord-034205-53i2tw65	303	2	,	,	,
cord-034205-53i2tw65	303	3	it	-PRON-	PRP
cord-034205-53i2tw65	303	4	is	be	VBZ
cord-034205-53i2tw65	303	5	unlikely	unlikely	JJ
cord-034205-53i2tw65	303	6	that	that	IN
cord-034205-53i2tw65	303	7	a	a	DT
cord-034205-53i2tw65	303	8	rapid	rapid	JJ
cord-034205-53i2tw65	303	9	decrease	decrease	NN
cord-034205-53i2tw65	303	10	will	will	MD
cord-034205-53i2tw65	303	11	occur	occur	VB
cord-034205-53i2tw65	303	12	although	although	IN
cord-034205-53i2tw65	303	13	the	the	DT
cord-034205-53i2tw65	303	14	interruption	interruption	NN
cord-034205-53i2tw65	303	15	due	due	IN
cord-034205-53i2tw65	303	16	to	to	IN
cord-034205-53i2tw65	303	17	COVID-19	COVID-19	NNP
cord-034205-53i2tw65	303	18	caused	cause	VBD
cord-034205-53i2tw65	303	19	some	some	DT
cord-034205-53i2tw65	303	20	uncertainty	uncertainty	NN
cord-034205-53i2tw65	303	21	regarding	regard	VBG
cord-034205-53i2tw65	303	22	the	the	DT
cord-034205-53i2tw65	303	23	broadcasting	broadcasting	NN
cord-034205-53i2tw65	303	24	income	income	NN
cord-034205-53i2tw65	303	25	for	for	IN
cord-034205-53i2tw65	303	26	the	the	DT
cord-034205-53i2tw65	303	27	2019/2020	2019/2020	CD
cord-034205-53i2tw65	303	28	season	season	NN
cord-034205-53i2tw65	303	29	.	.	.
cord-034205-53i2tw65	304	1	The	the	DT
cord-034205-53i2tw65	304	2	Premier	Premier	NNP
cord-034205-53i2tw65	304	3	League	League	NNP
cord-034205-53i2tw65	304	4	,	,	,
cord-034205-53i2tw65	304	5	for	for	IN
cord-034205-53i2tw65	304	6	example	example	NN
cord-034205-53i2tw65	304	7	,	,	,
cord-034205-53i2tw65	304	8	experienced	experience	VBD
cord-034205-53i2tw65	304	9	a	a	DT
cord-034205-53i2tw65	304	10	slight	slight	JJ
cord-034205-53i2tw65	304	11	decrease	decrease	NN
cord-034205-53i2tw65	304	12	in	in	IN
cord-034205-53i2tw65	304	13	its	-PRON-	PRP$
cord-034205-53i2tw65	304	14	latest	late	JJS
cord-034205-53i2tw65	304	15	domestic	domestic	JJ
cord-034205-53i2tw65	304	16	broadcasting	broadcasting	NN
cord-034205-53i2tw65	304	17	deal	deal	NN
cord-034205-53i2tw65	304	18	(	(	-LRB-
cord-034205-53i2tw65	304	19	2019/2020	2019/2020	CD
cord-034205-53i2tw65	304	20	-	-	SYM
cord-034205-53i2tw65	304	21	2021/2022	2021/2022	CD
cord-034205-53i2tw65	304	22	)	)	-RRB-
cord-034205-53i2tw65	305	1	rather	rather	RB
cord-034205-53i2tw65	305	2	than	than	IN
cord-034205-53i2tw65	305	3	a	a	DT
cord-034205-53i2tw65	305	4	drastic	drastic	JJ
cord-034205-53i2tw65	305	5	one	one	NN
cord-034205-53i2tw65	305	6	;	;	:
cord-034205-53i2tw65	305	7	furthermore	furthermore	RB
cord-034205-53i2tw65	305	8	,	,	,
cord-034205-53i2tw65	305	9	this	this	DT
cord-034205-53i2tw65	305	10	was	be	VBD
cord-034205-53i2tw65	305	11	offset	offset	VBN
cord-034205-53i2tw65	305	12	by	by	IN
cord-034205-53i2tw65	305	13	an	an	DT
cord-034205-53i2tw65	305	14	increase	increase	NN
cord-034205-53i2tw65	305	15	in	in	IN
cord-034205-53i2tw65	305	16	the	the	DT
cord-034205-53i2tw65	305	17	international	international	JJ
cord-034205-53i2tw65	305	18	broadcasting	broadcasting	NN
cord-034205-53i2tw65	305	19	deal	deal	NN
cord-034205-53i2tw65	305	20	(	(	-LRB-
cord-034205-53i2tw65	305	21	Deloitte	Deloitte	NNP
cord-034205-53i2tw65	305	22	2019	2019	CD
cord-034205-53i2tw65	305	23	,	,	,
cord-034205-53i2tw65	305	24	p.	p.	NN
cord-034205-53i2tw65	305	25	10	10	CD
cord-034205-53i2tw65	305	26	)	)	-RRB-
cord-034205-53i2tw65	305	27	.	.	.
cord-034205-53i2tw65	306	1	Still	still	RB
cord-034205-53i2tw65	306	2	,	,	,
cord-034205-53i2tw65	306	3	these	these	DT
cord-034205-53i2tw65	306	4	events	event	NNS
cord-034205-53i2tw65	306	5	might	may	MD
cord-034205-53i2tw65	306	6	indicate	indicate	VB
cord-034205-53i2tw65	306	7	that	that	IN
cord-034205-53i2tw65	306	8	some	some	DT
cord-034205-53i2tw65	306	9	leagues	league	NNS
cord-034205-53i2tw65	306	10	have	have	VBP
cord-034205-53i2tw65	306	11	reached	reach	VBN
cord-034205-53i2tw65	306	12	a	a	DT
cord-034205-53i2tw65	306	13	turning	turning	NN
cord-034205-53i2tw65	306	14	point	point	NN
cord-034205-53i2tw65	306	15	,	,	,
cord-034205-53i2tw65	306	16	or	or	CC
cord-034205-53i2tw65	306	17	at	at	IN
cord-034205-53i2tw65	306	18	least	least	JJS
cord-034205-53i2tw65	306	19	a	a	DT
cord-034205-53i2tw65	306	20	plateau	plateau	NN
cord-034205-53i2tw65	306	21	,	,	,
cord-034205-53i2tw65	306	22	concerning	concern	VBG
cord-034205-53i2tw65	306	23	domestic	domestic	JJ
cord-034205-53i2tw65	306	24	broadcasting	broadcasting	NN
cord-034205-53i2tw65	306	25	contracts	contract	NNS
cord-034205-53i2tw65	306	26	.	.	.
cord-034205-53i2tw65	307	1	However	however	RB
cord-034205-53i2tw65	307	2	,	,	,
cord-034205-53i2tw65	307	3	given	give	VBN
cord-034205-53i2tw65	307	4	the	the	DT
cord-034205-53i2tw65	307	5	lead	lead	JJ
cord-034205-53i2tw65	307	6	time	time	NN
cord-034205-53i2tw65	307	7	in	in	IN
cord-034205-53i2tw65	307	8	advance	advance	NN
cord-034205-53i2tw65	307	9	of	of	IN
cord-034205-53i2tw65	307	10	a	a	DT
cord-034205-53i2tw65	307	11	drop	drop	NN
cord-034205-53i2tw65	307	12	in	in	IN
cord-034205-53i2tw65	307	13	cash	cash	NN
cord-034205-53i2tw65	307	14	inflows	inflow	NNS
cord-034205-53i2tw65	307	15	,	,	,
cord-034205-53i2tw65	307	16	cash	cash	NN
cord-034205-53i2tw65	307	17	inflows	inflow	NNS
cord-034205-53i2tw65	307	18	from	from	IN
cord-034205-53i2tw65	307	19	financial	financial	JJ
cord-034205-53i2tw65	307	20	investors	investor	NNS
cord-034205-53i2tw65	307	21	are	be	VBP
cord-034205-53i2tw65	307	22	more	more	RBR
cord-034205-53i2tw65	307	23	risky	risky	JJ
cord-034205-53i2tw65	307	24	revenue	revenue	NN
cord-034205-53i2tw65	307	25	sources	source	NNS
cord-034205-53i2tw65	307	26	.	.	.
cord-034205-53i2tw65	308	1	If	if	IN
cord-034205-53i2tw65	308	2	the	the	DT
cord-034205-53i2tw65	308	3	investor	investor	NN
cord-034205-53i2tw65	308	4	is	be	VBZ
cord-034205-53i2tw65	308	5	heavily	heavily	RB
cord-034205-53i2tw65	308	6	engaged	engage	VBN
cord-034205-53i2tw65	308	7	in	in	IN
cord-034205-53i2tw65	308	8	the	the	DT
cord-034205-53i2tw65	308	9	club	club	NN
cord-034205-53i2tw65	308	10	,	,	,
cord-034205-53i2tw65	308	11	such	such	PDT
cord-034205-53i2tw65	308	12	an	an	DT
cord-034205-53i2tw65	308	13	exit	exit	NN
cord-034205-53i2tw65	308	14	can	can	MD
cord-034205-53i2tw65	308	15	result	result	VB
cord-034205-53i2tw65	308	16	in	in	IN
cord-034205-53i2tw65	308	17	severe	severe	JJ
cord-034205-53i2tw65	308	18	financial	financial	JJ
cord-034205-53i2tw65	308	19	problems	problem	NNS
cord-034205-53i2tw65	308	20	if	if	IN
cord-034205-53i2tw65	308	21	there	there	EX
cord-034205-53i2tw65	308	22	is	be	VBZ
cord-034205-53i2tw65	308	23	no	no	DT
cord-034205-53i2tw65	308	24	appropriate	appropriate	JJ
cord-034205-53i2tw65	308	25	replacement	replacement	NN
cord-034205-53i2tw65	308	26	.	.	.
cord-034205-53i2tw65	309	1	If	if	IN
cord-034205-53i2tw65	309	2	these	these	DT
cord-034205-53i2tw65	309	3	risks	risk	NNS
cord-034205-53i2tw65	309	4	were	be	VBD
cord-034205-53i2tw65	309	5	to	to	TO
cord-034205-53i2tw65	309	6	occur	occur	VB
cord-034205-53i2tw65	309	7	and	and	CC
cord-034205-53i2tw65	309	8	resulted	result	VBN
cord-034205-53i2tw65	309	9	in	in	IN
cord-034205-53i2tw65	309	10	lower	low	JJR
cord-034205-53i2tw65	309	11	revenues	revenue	NNS
cord-034205-53i2tw65	309	12	,	,	,
cord-034205-53i2tw65	309	13	the	the	DT
cord-034205-53i2tw65	309	14	risk	risk	NN
cord-034205-53i2tw65	309	15	of	of	IN
cord-034205-53i2tw65	309	16	a	a	DT
cord-034205-53i2tw65	309	17	leaguewide	leaguewide	JJ
cord-034205-53i2tw65	309	18	bubble	bubble	NN
cord-034205-53i2tw65	309	19	would	would	MD
cord-034205-53i2tw65	309	20	increase	increase	VB
cord-034205-53i2tw65	309	21	in	in	IN
cord-034205-53i2tw65	309	22	case	case	NN
cord-034205-53i2tw65	309	23	clubs	club	NNS
cord-034205-53i2tw65	309	24	do	do	VBP
cord-034205-53i2tw65	309	25	not	not	RB
cord-034205-53i2tw65	309	26	adjust	adjust	VB
cord-034205-53i2tw65	309	27	their	-PRON-	PRP$
cord-034205-53i2tw65	309	28	spending	spending	NN
cord-034205-53i2tw65	309	29	behavior	behavior	NN
cord-034205-53i2tw65	309	30	accordingly	accordingly	RB
cord-034205-53i2tw65	309	31	.	.	.
cord-034205-53i2tw65	310	1	The	the	DT
cord-034205-53i2tw65	310	2	potential	potential	JJ
cord-034205-53i2tw65	310	3	consequences	consequence	NNS
cord-034205-53i2tw65	310	4	of	of	IN
cord-034205-53i2tw65	310	5	a	a	DT
cord-034205-53i2tw65	310	6	bursting	burst	VBG
cord-034205-53i2tw65	310	7	bubble	bubble	NN
cord-034205-53i2tw65	310	8	would	would	MD
cord-034205-53i2tw65	310	9	affect	affect	VB
cord-034205-53i2tw65	310	10	the	the	DT
cord-034205-53i2tw65	310	11	sporting	sporting	NN
cord-034205-53i2tw65	310	12	as	as	RB
cord-034205-53i2tw65	310	13	well	well	RB
cord-034205-53i2tw65	310	14	as	as	IN
cord-034205-53i2tw65	310	15	financial	financial	JJ
cord-034205-53i2tw65	310	16	dimensions	dimension	NNS
cord-034205-53i2tw65	310	17	of	of	IN
cord-034205-53i2tw65	310	18	European	european	JJ
cord-034205-53i2tw65	310	19	football	football	NN
cord-034205-53i2tw65	310	20	.	.	.
cord-034205-53i2tw65	311	1	From	from	IN
cord-034205-53i2tw65	311	2	a	a	DT
cord-034205-53i2tw65	311	3	financial	financial	JJ
cord-034205-53i2tw65	311	4	perspective	perspective	NN
cord-034205-53i2tw65	311	5	,	,	,
cord-034205-53i2tw65	311	6	pending	pende	VBG
cord-034205-53i2tw65	311	7	payments	payment	NNS
cord-034205-53i2tw65	311	8	for	for	IN
cord-034205-53i2tw65	311	9	transfer	transfer	NN
cord-034205-53i2tw65	311	10	fees	fee	NNS
cord-034205-53i2tw65	311	11	,	,	,
cord-034205-53i2tw65	311	12	wages	wage	NNS
cord-034205-53i2tw65	311	13	and	and	CC
cord-034205-53i2tw65	311	14	other	other	JJ
cord-034205-53i2tw65	311	15	obligations	obligation	NNS
cord-034205-53i2tw65	311	16	would	would	MD
cord-034205-53i2tw65	311	17	occur	occur	VB
cord-034205-53i2tw65	311	18	at	at	IN
cord-034205-53i2tw65	311	19	a	a	DT
cord-034205-53i2tw65	311	20	time	time	NN
cord-034205-53i2tw65	311	21	of	of	IN
cord-034205-53i2tw65	311	22	financial	financial	JJ
cord-034205-53i2tw65	311	23	distress	distress	NN
cord-034205-53i2tw65	311	24	.	.	.
cord-034205-53i2tw65	312	1	Ultimately	ultimately	RB
cord-034205-53i2tw65	312	2	,	,	,
cord-034205-53i2tw65	312	3	the	the	DT
cord-034205-53i2tw65	312	4	number	number	NN
cord-034205-53i2tw65	312	5	of	of	IN
cord-034205-53i2tw65	312	6	insolvencies	insolvency	NNS
cord-034205-53i2tw65	312	7	among	among	IN
cord-034205-53i2tw65	312	8	football	football	NN
cord-034205-53i2tw65	312	9	clubs	club	NNS
cord-034205-53i2tw65	312	10	might	may	MD
cord-034205-53i2tw65	312	11	increase	increase	VB
cord-034205-53i2tw65	312	12	,	,	,
cord-034205-53i2tw65	312	13	especially	especially	RB
cord-034205-53i2tw65	312	14	in	in	IN
cord-034205-53i2tw65	312	15	the	the	DT
cord-034205-53i2tw65	312	16	lower	low	JJR
cord-034205-53i2tw65	312	17	divisions	division	NNS
cord-034205-53i2tw65	312	18	.	.	.
cord-034205-53i2tw65	313	1	This	this	DT
cord-034205-53i2tw65	313	2	raises	raise	VBZ
cord-034205-53i2tw65	313	3	the	the	DT
cord-034205-53i2tw65	313	4	question	question	NN
cord-034205-53i2tw65	313	5	if	if	IN
cord-034205-53i2tw65	313	6	managers	manager	NNS
cord-034205-53i2tw65	313	7	should	should	MD
cord-034205-53i2tw65	313	8	adjust	adjust	VB
cord-034205-53i2tw65	313	9	their	-PRON-	PRP$
cord-034205-53i2tw65	313	10	investment	investment	NN
cord-034205-53i2tw65	313	11	behavior	behavior	NN
cord-034205-53i2tw65	313	12	in	in	IN
cord-034205-53i2tw65	313	13	order	order	NN
cord-034205-53i2tw65	313	14	to	to	TO
cord-034205-53i2tw65	313	15	prepare	prepare	VB
cord-034205-53i2tw65	313	16	for	for	IN
cord-034205-53i2tw65	313	17	a	a	DT
cord-034205-53i2tw65	313	18	potential	potential	JJ
cord-034205-53i2tw65	313	19	(	(	-LRB-
cord-034205-53i2tw65	313	20	long	long	JJ
cord-034205-53i2tw65	313	21	-	-	HYPH
cord-034205-53i2tw65	313	22	term	term	NN
cord-034205-53i2tw65	313	23	)	)	-RRB-
cord-034205-53i2tw65	313	24	downturn	downturn	NN
cord-034205-53i2tw65	313	25	.	.	.
cord-034205-53i2tw65	314	1	From	from	IN
cord-034205-53i2tw65	314	2	the	the	DT
cord-034205-53i2tw65	314	3	managers	manager	NNS
cord-034205-53i2tw65	314	4	'	'	POS
cord-034205-53i2tw65	314	5	perspective	perspective	NN
cord-034205-53i2tw65	314	6	,	,	,
cord-034205-53i2tw65	314	7	however	however	RB
cord-034205-53i2tw65	314	8	,	,	,
cord-034205-53i2tw65	314	9	the	the	DT
cord-034205-53i2tw65	314	10	observable	observable	JJ
cord-034205-53i2tw65	314	11	investment	investment	NN
cord-034205-53i2tw65	314	12	behavior	behavior	NN
cord-034205-53i2tw65	314	13	seems	seem	VBZ
cord-034205-53i2tw65	314	14	rational	rational	JJ
cord-034205-53i2tw65	314	15	.	.	.
cord-034205-53i2tw65	315	1	As	as	IN
cord-034205-53i2tw65	315	2	managers	manager	NNS
cord-034205-53i2tw65	315	3	are	be	VBP
cord-034205-53i2tw65	315	4	often	often	RB
cord-034205-53i2tw65	315	5	judged	judge	VBN
cord-034205-53i2tw65	315	6	according	accord	VBG
cord-034205-53i2tw65	315	7	to	to	IN
cord-034205-53i2tw65	315	8	the	the	DT
cord-034205-53i2tw65	315	9	club	club	NN
cord-034205-53i2tw65	315	10	's	's	POS
cord-034205-53i2tw65	315	11	short	short	JJ
cord-034205-53i2tw65	315	12	-	-	HYPH
cord-034205-53i2tw65	315	13	term	term	NN
cord-034205-53i2tw65	315	14	success	success	NN
cord-034205-53i2tw65	315	15	,	,	,
cord-034205-53i2tw65	315	16	they	-PRON-	PRP
cord-034205-53i2tw65	315	17	are	be	VBP
cord-034205-53i2tw65	315	18	incentivized	incentivize	VBN
cord-034205-53i2tw65	315	19	to	to	TO
cord-034205-53i2tw65	315	20	improve	improve	VB
cord-034205-53i2tw65	315	21	team	team	NN
cord-034205-53i2tw65	315	22	quality	quality	NN
cord-034205-53i2tw65	315	23	,	,	,
cord-034205-53i2tw65	315	24	which	which	WDT
cord-034205-53i2tw65	315	25	requires	require	VBZ
cord-034205-53i2tw65	315	26	higher	high	JJR
cord-034205-53i2tw65	315	27	investments	investment	NNS
cord-034205-53i2tw65	315	28	instead	instead	RB
cord-034205-53i2tw65	315	29	of	of	IN
cord-034205-53i2tw65	315	30	greater	great	JJR
cord-034205-53i2tw65	315	31	profitability	profitability	NN
cord-034205-53i2tw65	315	32	.	.	.
cord-034205-53i2tw65	316	1	This	this	DT
cord-034205-53i2tw65	316	2	aligns	align	VBZ
cord-034205-53i2tw65	316	3	with	with	IN
cord-034205-53i2tw65	316	4	the	the	DT
cord-034205-53i2tw65	316	5	predominant	predominant	JJ
cord-034205-53i2tw65	316	6	view	view	NN
cord-034205-53i2tw65	316	7	that	that	IN
cord-034205-53i2tw65	316	8	clubs	club	NNS
cord-034205-53i2tw65	316	9	are	be	VBP
cord-034205-53i2tw65	316	10	win	win	NN
cord-034205-53i2tw65	316	11	maximizers	maximizer	NNS
cord-034205-53i2tw65	316	12	subject	subject	JJ
cord-034205-53i2tw65	316	13	to	to	IN
cord-034205-53i2tw65	316	14	a	a	DT
cord-034205-53i2tw65	316	15	breakeven	breakeven	NN
cord-034205-53i2tw65	316	16	constraint	constraint	NN
cord-034205-53i2tw65	316	17	.	.	.
cord-034205-53i2tw65	317	1	Manager	manager	NN
cord-034205-53i2tw65	317	2	behavior	behavior	NN
cord-034205-53i2tw65	317	3	similarly	similarly	RB
cord-034205-53i2tw65	317	4	aligns	align	VBZ
cord-034205-53i2tw65	317	5	with	with	IN
cord-034205-53i2tw65	317	6	the	the	DT
cord-034205-53i2tw65	317	7	expectations	expectation	NNS
cord-034205-53i2tw65	317	8	of	of	IN
cord-034205-53i2tw65	317	9	fans	fan	NNS
cord-034205-53i2tw65	317	10	,	,	,
cord-034205-53i2tw65	317	11	who	who	WP
cord-034205-53i2tw65	317	12	are	be	VBP
cord-034205-53i2tw65	317	13	generally	generally	RB
cord-034205-53i2tw65	317	14	more	more	RBR
cord-034205-53i2tw65	317	15	concerned	concerned	JJ
cord-034205-53i2tw65	317	16	with	with	IN
cord-034205-53i2tw65	317	17	sporting	sport	VBG
cord-034205-53i2tw65	317	18	success	success	NN
cord-034205-53i2tw65	317	19	than	than	IN
cord-034205-53i2tw65	317	20	with	with	IN
cord-034205-53i2tw65	317	21	the	the	DT
cord-034205-53i2tw65	317	22	club	club	NN
cord-034205-53i2tw65	317	23	's	's	POS
cord-034205-53i2tw65	317	24	financial	financial	JJ
cord-034205-53i2tw65	317	25	stability	stability	NN
cord-034205-53i2tw65	317	26	-	-	:
cord-034205-53i2tw65	317	27	unless	unless	IN
cord-034205-53i2tw65	317	28	the	the	DT
cord-034205-53i2tw65	317	29	club	club	NN
cord-034205-53i2tw65	317	30	's	's	POS
cord-034205-53i2tw65	317	31	financial	financial	JJ
cord-034205-53i2tw65	317	32	stability	stability	NN
cord-034205-53i2tw65	317	33	is	be	VBZ
cord-034205-53i2tw65	317	34	in	in	IN
cord-034205-53i2tw65	317	35	question	question	NN
cord-034205-53i2tw65	317	36	(	(	-LRB-
cord-034205-53i2tw65	317	37	Tunaru	Tunaru	NNP
cord-034205-53i2tw65	317	38	and	and	CC
cord-034205-53i2tw65	317	39	Viney	Viney	NNP
cord-034205-53i2tw65	317	40	2010	2010	CD
cord-034205-53i2tw65	317	41	,	,	,
cord-034205-53i2tw65	317	42	p.	p.	NN
cord-034205-53i2tw65	317	43	5	5	CD
cord-034205-53i2tw65	317	44	)	)	-RRB-
cord-034205-53i2tw65	317	45	.	.	.
cord-034205-53i2tw65	318	1	This	this	DT
cord-034205-53i2tw65	318	2	view	view	NN
cord-034205-53i2tw65	318	3	is	be	VBZ
cord-034205-53i2tw65	318	4	supported	support	VBN
cord-034205-53i2tw65	318	5	by	by	IN
cord-034205-53i2tw65	318	6	previous	previous	JJ
cord-034205-53i2tw65	318	7	research	research	NN
cord-034205-53i2tw65	318	8	on	on	IN
cord-034205-53i2tw65	318	9	insolvencies	insolvency	NNS
cord-034205-53i2tw65	318	10	(	(	-LRB-
cord-034205-53i2tw65	318	11	e.g.	e.g.	RB
cord-034205-53i2tw65	318	12	,	,	,
cord-034205-53i2tw65	318	13	Szymanski	Szymanski	NNP
cord-034205-53i2tw65	318	14	2017	2017	CD
cord-034205-53i2tw65	318	15	)	)	-RRB-
cord-034205-53i2tw65	318	16	that	that	WDT
cord-034205-53i2tw65	318	17	indicates	indicate	VBZ
cord-034205-53i2tw65	318	18	that	that	IN
cord-034205-53i2tw65	318	19	often	often	RB
cord-034205-53i2tw65	318	20	negative	negative	JJ
cord-034205-53i2tw65	318	21	shocks	shock	NNS
cord-034205-53i2tw65	318	22	rather	rather	RB
cord-034205-53i2tw65	318	23	than	than	IN
cord-034205-53i2tw65	318	24	irrational	irrational	JJ
cord-034205-53i2tw65	318	25	behavior	behavior	NN
cord-034205-53i2tw65	318	26	lead	lead	VB
cord-034205-53i2tw65	318	27	to	to	IN
cord-034205-53i2tw65	318	28	insolvencies	insolvency	NNS
cord-034205-53i2tw65	318	29	.	.	.
cord-034205-53i2tw65	319	1	Furthermore	furthermore	RB
cord-034205-53i2tw65	319	2	,	,	,
cord-034205-53i2tw65	319	3	higher	high	JJR
cord-034205-53i2tw65	319	4	profit	profit	NN
cord-034205-53i2tw65	319	5	requirements	requirement	NNS
cord-034205-53i2tw65	319	6	are	be	VBP
cord-034205-53i2tw65	319	7	seen	see	VBN
cord-034205-53i2tw65	319	8	as	as	IN
cord-034205-53i2tw65	319	9	a	a	DT
cord-034205-53i2tw65	319	10	competitive	competitive	JJ
cord-034205-53i2tw65	319	11	disadvantage	disadvantage	NN
cord-034205-53i2tw65	319	12	in	in	IN
cord-034205-53i2tw65	319	13	football	football	NN
cord-034205-53i2tw65	319	14	's	's	POS
cord-034205-53i2tw65	319	15	arms	arm	NNS
cord-034205-53i2tw65	319	16	race	race	NN
cord-034205-53i2tw65	319	17	(	(	-LRB-
cord-034205-53i2tw65	319	18	Franck	Franck	NNP
cord-034205-53i2tw65	319	19	2010a	2010a	NNS
cord-034205-53i2tw65	319	20	)	)	-RRB-
cord-034205-53i2tw65	319	21	.	.	.
cord-034205-53i2tw65	320	1	Thus	thus	RB
cord-034205-53i2tw65	320	2	,	,	,
cord-034205-53i2tw65	320	3	managers	manager	NNS
cord-034205-53i2tw65	320	4	are	be	VBP
cord-034205-53i2tw65	320	5	not	not	RB
cord-034205-53i2tw65	320	6	incentivized	incentivize	VBN
cord-034205-53i2tw65	320	7	to	to	TO
cord-034205-53i2tw65	320	8	prevent	prevent	VB
cord-034205-53i2tw65	320	9	overspending	overspending	NN
cord-034205-53i2tw65	320	10	and	and	CC
cord-034205-53i2tw65	320	11	potential	potential	JJ
cord-034205-53i2tw65	320	12	bubble	bubble	NN
cord-034205-53i2tw65	320	13	-	-	HYPH
cord-034205-53i2tw65	320	14	building	building	NN
cord-034205-53i2tw65	320	15	.	.	.
cord-034205-53i2tw65	321	1	Nevertheless	nevertheless	RB
cord-034205-53i2tw65	321	2	,	,	,
cord-034205-53i2tw65	321	3	from	from	IN
cord-034205-53i2tw65	321	4	an	an	DT
cord-034205-53i2tw65	321	5	economic	economic	JJ
cord-034205-53i2tw65	321	6	perspective	perspective	NN
cord-034205-53i2tw65	321	7	,	,	,
cord-034205-53i2tw65	321	8	it	-PRON-	PRP
cord-034205-53i2tw65	321	9	would	would	MD
cord-034205-53i2tw65	321	10	certainly	certainly	RB
cord-034205-53i2tw65	321	11	be	be	VB
cord-034205-53i2tw65	321	12	recommended	recommend	VBN
cord-034205-53i2tw65	321	13	to	to	TO
cord-034205-53i2tw65	321	14	use	use	VB
cord-034205-53i2tw65	321	15	at	at	IN
cord-034205-53i2tw65	321	16	least	least	JJS
cord-034205-53i2tw65	321	17	part	part	NN
cord-034205-53i2tw65	321	18	of	of	IN
cord-034205-53i2tw65	321	19	the	the	DT
cord-034205-53i2tw65	321	20	additional	additional	JJ
cord-034205-53i2tw65	321	21	cash	cash	NN
cord-034205-53i2tw65	321	22	inflow	inflow	NN
cord-034205-53i2tw65	321	23	in	in	IN
cord-034205-53i2tw65	321	24	a	a	DT
cord-034205-53i2tw65	321	25	less	less	RBR
cord-034205-53i2tw65	321	26	risky	risky	JJ
cord-034205-53i2tw65	321	27	way	way	NN
cord-034205-53i2tw65	321	28	.	.	.
cord-034205-53i2tw65	322	1	Examples	example	NNS
cord-034205-53i2tw65	322	2	are	be	VBP
cord-034205-53i2tw65	322	3	investments	investment	NNS
cord-034205-53i2tw65	322	4	in	in	IN
cord-034205-53i2tw65	322	5	the	the	DT
cord-034205-53i2tw65	322	6	club	club	NN
cord-034205-53i2tw65	322	7	's	's	POS
cord-034205-53i2tw65	322	8	long	long	JJ
cord-034205-53i2tw65	322	9	-	-	HYPH
cord-034205-53i2tw65	322	10	term	term	NN
cord-034205-53i2tw65	322	11	infrastructure	infrastructure	NN
cord-034205-53i2tw65	322	12	,	,	,
cord-034205-53i2tw65	322	13	support	support	NN
cord-034205-53i2tw65	322	14	for	for	IN
cord-034205-53i2tw65	322	15	the	the	DT
cord-034205-53i2tw65	322	16	local	local	JJ
cord-034205-53i2tw65	322	17	community	community	NN
cord-034205-53i2tw65	322	18	,	,	,
cord-034205-53i2tw65	322	19	or	or	CC
cord-034205-53i2tw65	322	20	increases	increase	NNS
cord-034205-53i2tw65	322	21	in	in	IN
cord-034205-53i2tw65	322	22	the	the	DT
cord-034205-53i2tw65	322	23	club	club	NN
cord-034205-53i2tw65	322	24	's	's	POS
cord-034205-53i2tw65	322	25	equity	equity	NN
cord-034205-53i2tw65	322	26	as	as	IN
cord-034205-53i2tw65	322	27	a	a	DT
cord-034205-53i2tw65	322	28	capital	capital	NN
cord-034205-53i2tw65	322	29	buffer	buffer	NN
cord-034205-53i2tw65	322	30	to	to	TO
cord-034205-53i2tw65	322	31	prevent	prevent	VB
cord-034205-53i2tw65	322	32	financial	financial	JJ
cord-034205-53i2tw65	322	33	distress	distress	NN
cord-034205-53i2tw65	322	34	in	in	IN
cord-034205-53i2tw65	322	35	case	case	NN
cord-034205-53i2tw65	322	36	of	of	IN
cord-034205-53i2tw65	322	37	decreasing	decrease	VBG
cord-034205-53i2tw65	322	38	revenues	revenue	NNS
cord-034205-53i2tw65	322	39	.	.	.
cord-034205-53i2tw65	323	1	As	as	IN
cord-034205-53i2tw65	323	2	shown	show	VBN
cord-034205-53i2tw65	323	3	in	in	IN
cord-034205-53i2tw65	323	4	this	this	DT
cord-034205-53i2tw65	323	5	study	study	NN
cord-034205-53i2tw65	323	6	by	by	IN
cord-034205-53i2tw65	323	7	applying	apply	VBG
cord-034205-53i2tw65	323	8	the	the	DT
cord-034205-53i2tw65	323	9	Kindleberger	Kindleberger	NNP
cord-034205-53i2tw65	323	10	-	-	HYPH
cord-034205-53i2tw65	323	11	Minsky	Minsky	NNP
cord-034205-53i2tw65	323	12	model	model	NN
cord-034205-53i2tw65	323	13	to	to	IN
cord-034205-53i2tw65	323	14	football	football	NN
cord-034205-53i2tw65	323	15	,	,	,
cord-034205-53i2tw65	323	16	the	the	DT
cord-034205-53i2tw65	323	17	pattern	pattern	NN
cord-034205-53i2tw65	323	18	of	of	IN
cord-034205-53i2tw65	323	19	current	current	JJ
cord-034205-53i2tw65	323	20	developments	development	NNS
cord-034205-53i2tw65	323	21	in	in	IN
cord-034205-53i2tw65	323	22	European	european	JJ
cord-034205-53i2tw65	323	23	football	football	NN
cord-034205-53i2tw65	323	24	resembles	resemble	VBZ
cord-034205-53i2tw65	323	25	that	that	DT
cord-034205-53i2tw65	323	26	of	of	IN
cord-034205-53i2tw65	323	27	an	an	DT
cord-034205-53i2tw65	323	28	atypical	atypical	JJ
cord-034205-53i2tw65	323	29	bubble	bubble	NN
cord-034205-53i2tw65	323	30	,	,	,
cord-034205-53i2tw65	323	31	with	with	IN
cord-034205-53i2tw65	323	32	the	the	DT
cord-034205-53i2tw65	323	33	characteristic	characteristic	JJ
cord-034205-53i2tw65	323	34	shape	shape	NN
cord-034205-53i2tw65	323	35	of	of	IN
cord-034205-53i2tw65	323	36	bubbles	bubble	NNS
cord-034205-53i2tw65	323	37	;	;	:
cord-034205-53i2tw65	323	38	however	however	RB
cord-034205-53i2tw65	323	39	,	,	,
cord-034205-53i2tw65	323	40	unlike	unlike	IN
cord-034205-53i2tw65	323	41	historical	historical	JJ
cord-034205-53i2tw65	323	42	bubbles	bubble	NNS
cord-034205-53i2tw65	323	43	,	,	,
cord-034205-53i2tw65	323	44	there	there	EX
cord-034205-53i2tw65	323	45	are	be	VBP
cord-034205-53i2tw65	323	46	proportionate	proportionate	JJ
cord-034205-53i2tw65	323	47	cash	cash	NN
cord-034205-53i2tw65	323	48	inflows	inflow	NNS
cord-034205-53i2tw65	323	49	that	that	WDT
cord-034205-53i2tw65	323	50	justify	justify	VBP
cord-034205-53i2tw65	323	51	the	the	DT
cord-034205-53i2tw65	323	52	recent	recent	JJ
cord-034205-53i2tw65	323	53	transfer	transfer	NN
cord-034205-53i2tw65	323	54	fee	fee	NN
cord-034205-53i2tw65	323	55	increase	increase	NN
cord-034205-53i2tw65	323	56	for	for	IN
cord-034205-53i2tw65	323	57	most	most	JJS
cord-034205-53i2tw65	323	58	of	of	IN
cord-034205-53i2tw65	323	59	the	the	DT
cord-034205-53i2tw65	323	60	clubs	club	NNS
cord-034205-53i2tw65	323	61	in	in	IN
cord-034205-53i2tw65	323	62	Europe	Europe	NNP
cord-034205-53i2tw65	323	63	's	's	POS
cord-034205-53i2tw65	323	64	five	five	CD
cord-034205-53i2tw65	323	65	top	top	JJ
cord-034205-53i2tw65	323	66	divisions	division	NNS
cord-034205-53i2tw65	323	67	.	.	.
cord-034205-53i2tw65	324	1	From	from	IN
cord-034205-53i2tw65	324	2	a	a	DT
cord-034205-53i2tw65	324	3	contemporary	contemporary	JJ
cord-034205-53i2tw65	324	4	perspective	perspective	NN
cord-034205-53i2tw65	324	5	,	,	,
cord-034205-53i2tw65	324	6	the	the	DT
cord-034205-53i2tw65	324	7	developments	development	NNS
cord-034205-53i2tw65	324	8	in	in	IN
cord-034205-53i2tw65	324	9	football	football	NN
cord-034205-53i2tw65	324	10	seem	seem	VBP
cord-034205-53i2tw65	324	11	to	to	TO
cord-034205-53i2tw65	324	12	be	be	VB
cord-034205-53i2tw65	324	13	a	a	DT
cord-034205-53i2tw65	324	14	continuation	continuation	NN
cord-034205-53i2tw65	324	15	of	of	IN
cord-034205-53i2tw65	324	16	the	the	DT
cord-034205-53i2tw65	324	17	overall	overall	JJ
cord-034205-53i2tw65	324	18	growth	growth	NN
cord-034205-53i2tw65	324	19	that	that	WDT
cord-034205-53i2tw65	324	20	the	the	DT
cord-034205-53i2tw65	324	21	football	football	NN
cord-034205-53i2tw65	324	22	market	market	NN
cord-034205-53i2tw65	324	23	has	have	VBZ
cord-034205-53i2tw65	324	24	experienced	experience	VBN
cord-034205-53i2tw65	324	25	for	for	IN
cord-034205-53i2tw65	324	26	decades	decade	NNS
cord-034205-53i2tw65	324	27	,	,	,
cord-034205-53i2tw65	324	28	though	though	IN
cord-034205-53i2tw65	324	29	fueled	fuel	VBN
cord-034205-53i2tw65	324	30	and	and	CC
cord-034205-53i2tw65	324	31	accelerated	accelerate	VBD
cord-034205-53i2tw65	324	32	in	in	IN
cord-034205-53i2tw65	324	33	the	the	DT
cord-034205-53i2tw65	324	34	last	last	JJ
cord-034205-53i2tw65	324	35	decade	decade	NN
cord-034205-53i2tw65	324	36	.	.	.
cord-034205-53i2tw65	325	1	Although	although	IN
cord-034205-53i2tw65	325	2	some	some	DT
cord-034205-53i2tw65	325	3	experts	expert	NNS
cord-034205-53i2tw65	325	4	discuss	discuss	VBP
cord-034205-53i2tw65	325	5	the	the	DT
cord-034205-53i2tw65	325	6	presence	presence	NN
cord-034205-53i2tw65	325	7	of	of	IN
cord-034205-53i2tw65	325	8	a	a	DT
cord-034205-53i2tw65	325	9	speculative	speculative	JJ
cord-034205-53i2tw65	325	10	bubble	bubble	NN
cord-034205-53i2tw65	325	11	in	in	IN
cord-034205-53i2tw65	325	12	football	football	NN
cord-034205-53i2tw65	325	13	,	,	,
cord-034205-53i2tw65	325	14	it	-PRON-	PRP
cord-034205-53i2tw65	325	15	can	can	MD
cord-034205-53i2tw65	325	16	also	also	RB
cord-034205-53i2tw65	325	17	be	be	VB
cord-034205-53i2tw65	325	18	argued	argue	VBN
cord-034205-53i2tw65	325	19	that	that	IN
cord-034205-53i2tw65	325	20	the	the	DT
cord-034205-53i2tw65	325	21	football	football	NN
cord-034205-53i2tw65	325	22	market	market	NN
cord-034205-53i2tw65	325	23	was	be	VBD
cord-034205-53i2tw65	325	24	undervalued	undervalue	VBN
cord-034205-53i2tw65	325	25	in	in	IN
cord-034205-53i2tw65	325	26	previous	previous	JJ
cord-034205-53i2tw65	325	27	decades	decade	NNS
cord-034205-53i2tw65	325	28	and	and	CC
cord-034205-53i2tw65	325	29	that	that	IN
cord-034205-53i2tw65	325	30	better	well	JJR
cord-034205-53i2tw65	325	31	fundamentals	fundamental	NNS
cord-034205-53i2tw65	325	32	(	(	-LRB-
cord-034205-53i2tw65	325	33	i.e.	i.e.	FW
cord-034205-53i2tw65	325	34	,	,	,
cord-034205-53i2tw65	325	35	higher	high	JJR
cord-034205-53i2tw65	325	36	revenues	revenue	NNS
cord-034205-53i2tw65	325	37	)	)	-RRB-
cord-034205-53i2tw65	325	38	show	show	VBP
cord-034205-53i2tw65	325	39	higher	high	JJR
cord-034205-53i2tw65	325	40	marginal	marginal	JJ
cord-034205-53i2tw65	325	41	revenue	revenue	NN
cord-034205-53i2tw65	325	42	products	product	NNS
cord-034205-53i2tw65	325	43	of	of	IN
cord-034205-53i2tw65	325	44	the	the	DT
cord-034205-53i2tw65	325	45	players	player	NNS
cord-034205-53i2tw65	325	46	and	and	CC
cord-034205-53i2tw65	325	47	thus	thus	RB
cord-034205-53i2tw65	325	48	led	lead	VBD
cord-034205-53i2tw65	325	49	to	to	IN
cord-034205-53i2tw65	325	50	higher	high	JJR
cord-034205-53i2tw65	325	51	team	team	NN
cord-034205-53i2tw65	325	52	investments	investment	NNS
cord-034205-53i2tw65	325	53	in	in	IN
cord-034205-53i2tw65	325	54	recent	recent	JJ
cord-034205-53i2tw65	325	55	years	year	NNS
cord-034205-53i2tw65	325	56	.	.	.
cord-034205-53i2tw65	326	1	A	a	DT
cord-034205-53i2tw65	326	2	study	study	NN
cord-034205-53i2tw65	326	3	by	by	IN
cord-034205-53i2tw65	326	4	the	the	DT
cord-034205-53i2tw65	326	5	Berenberg	Berenberg	NNP
cord-034205-53i2tw65	326	6	bank	bank	NN
cord-034205-53i2tw65	326	7	(	(	-LRB-
cord-034205-53i2tw65	326	8	2015	2015	CD
cord-034205-53i2tw65	326	9	,	,	,
cord-034205-53i2tw65	326	10	p.	p.	NN
cord-034205-53i2tw65	326	11	9	9	CD
cord-034205-53i2tw65	326	12	,	,	,
cord-034205-53i2tw65	326	13	translated	translate	VBN
cord-034205-53i2tw65	326	14	)	)	-RRB-
cord-034205-53i2tw65	326	15	sums	sum	VBZ
cord-034205-53i2tw65	326	16	up	up	RP
cord-034205-53i2tw65	326	17	the	the	DT
cord-034205-53i2tw65	326	18	developments	development	NNS
cord-034205-53i2tw65	326	19	in	in	IN
cord-034205-53i2tw65	326	20	football	football	NN
cord-034205-53i2tw65	326	21	:	:	:
cord-034205-53i2tw65	326	22	"	"	``
cord-034205-53i2tw65	326	23	higher	high	JJR
cord-034205-53i2tw65	326	24	revenues	revenue	NNS
cord-034205-53i2tw65	326	25	land	land	NN
cord-034205-53i2tw65	326	26	in	in	IN
cord-034205-53i2tw65	326	27	the	the	DT
cord-034205-53i2tw65	326	28	pocket	pocket	NN
cord-034205-53i2tw65	326	29	of	of	IN
cord-034205-53i2tw65	326	30	the	the	DT
cord-034205-53i2tw65	326	31	players	player	NNS
cord-034205-53i2tw65	326	32	due	due	JJ
cord-034205-53i2tw65	326	33	to	to	IN
cord-034205-53i2tw65	326	34	intensive	intensive	JJ
cord-034205-53i2tw65	326	35	competition	competition	NN
cord-034205-53i2tw65	326	36	for	for	IN
cord-034205-53i2tw65	326	37	these	these	DT
cord-034205-53i2tw65	326	38	best	good	JJS
cord-034205-53i2tw65	326	39	players	player	NNS
cord-034205-53i2tw65	326	40	.	.	.
cord-034205-53i2tw65	327	1	"	"	``
cord-034205-53i2tw65	327	2	When	when	WRB
cord-034205-53i2tw65	327	3	this	this	DT
cord-034205-53i2tw65	327	4	thinking	thinking	NN
cord-034205-53i2tw65	327	5	is	be	VBZ
cord-034205-53i2tw65	327	6	brought	bring	VBN
cord-034205-53i2tw65	327	7	to	to	TO
cord-034205-53i2tw65	327	8	bear	bear	VB
cord-034205-53i2tw65	327	9	on	on	IN
cord-034205-53i2tw65	327	10	the	the	DT
cord-034205-53i2tw65	327	11	current	current	JJ
cord-034205-53i2tw65	327	12	study	study	NN
cord-034205-53i2tw65	327	13	,	,	,
cord-034205-53i2tw65	327	14	it	-PRON-	PRP
cord-034205-53i2tw65	327	15	appears	appear	VBZ
cord-034205-53i2tw65	327	16	that	that	IN
cord-034205-53i2tw65	327	17	this	this	DT
cord-034205-53i2tw65	327	18	war	war	NN
cord-034205-53i2tw65	327	19	for	for	IN
cord-034205-53i2tw65	327	20	talent	talent	NN
cord-034205-53i2tw65	327	21	increases	increase	NNS
cord-034205-53i2tw65	327	22	not	not	RB
cord-034205-53i2tw65	327	23	only	only	RB
cord-034205-53i2tw65	327	24	player	player	NN
cord-034205-53i2tw65	327	25	wages	wage	NNS
cord-034205-53i2tw65	327	26	but	but	CC
cord-034205-53i2tw65	327	27	also	also	RB
cord-034205-53i2tw65	327	28	transfer	transfer	VBP
cord-034205-53i2tw65	327	29	fees	fee	NNS
cord-034205-53i2tw65	327	30	.	.	.
cord-034205-53i2tw65	328	1	From	from	IN
cord-034205-53i2tw65	328	2	today	today	NN
cord-034205-53i2tw65	328	3	's	's	POS
cord-034205-53i2tw65	328	4	perspective	perspective	NN
cord-034205-53i2tw65	328	5	,	,	,
cord-034205-53i2tw65	328	6	it	-PRON-	PRP
cord-034205-53i2tw65	328	7	appears	appear	VBZ
cord-034205-53i2tw65	328	8	there	there	EX
cord-034205-53i2tw65	328	9	are	be	VBP
cord-034205-53i2tw65	328	10	three	three	CD
cord-034205-53i2tw65	328	11	possible	possible	JJ
cord-034205-53i2tw65	328	12	scenarios	scenario	NNS
cord-034205-53i2tw65	328	13	for	for	IN
cord-034205-53i2tw65	328	14	the	the	DT
cord-034205-53i2tw65	328	15	future	future	NN
cord-034205-53i2tw65	328	16	that	that	WDT
cord-034205-53i2tw65	328	17	ensure	ensure	VBP
cord-034205-53i2tw65	328	18	a	a	DT
cord-034205-53i2tw65	328	19	sustainable	sustainable	JJ
cord-034205-53i2tw65	328	20	development	development	NN
cord-034205-53i2tw65	328	21	.	.	.
cord-034205-53i2tw65	329	1	First	first	RB
cord-034205-53i2tw65	329	2	,	,	,
cord-034205-53i2tw65	329	3	revenues	revenue	NNS
cord-034205-53i2tw65	329	4	continue	continue	VBP
cord-034205-53i2tw65	329	5	to	to	TO
cord-034205-53i2tw65	329	6	grow	grow	VB
cord-034205-53i2tw65	329	7	,	,	,
cord-034205-53i2tw65	329	8	and	and	CC
cord-034205-53i2tw65	329	9	this	this	DT
cord-034205-53i2tw65	329	10	is	be	VBZ
cord-034205-53i2tw65	329	11	accompanied	accompany	VBN
cord-034205-53i2tw65	329	12	by	by	IN
cord-034205-53i2tw65	329	13	a	a	DT
cord-034205-53i2tw65	329	14	further	further	JJ
cord-034205-53i2tw65	329	15	increase	increase	NN
cord-034205-53i2tw65	329	16	in	in	IN
cord-034205-53i2tw65	329	17	transfer	transfer	NN
cord-034205-53i2tw65	329	18	fees	fee	NNS
cord-034205-53i2tw65	329	19	.	.	.
cord-034205-53i2tw65	330	1	Second	second	RB
cord-034205-53i2tw65	330	2	,	,	,
cord-034205-53i2tw65	330	3	the	the	DT
cord-034205-53i2tw65	330	4	current	current	JJ
cord-034205-53i2tw65	330	5	revenue	revenue	NN
cord-034205-53i2tw65	330	6	and	and	CC
cord-034205-53i2tw65	330	7	transfer	transfer	NN
cord-034205-53i2tw65	330	8	fee	fee	NN
cord-034205-53i2tw65	330	9	levels	level	NNS
cord-034205-53i2tw65	330	10	become	become	VBP
cord-034205-53i2tw65	330	11	the	the	DT
cord-034205-53i2tw65	330	12	"	"	``
cord-034205-53i2tw65	330	13	new	new	JJ
cord-034205-53i2tw65	330	14	normal	normal	JJ
cord-034205-53i2tw65	330	15	"	"	''
cord-034205-53i2tw65	330	16	and	and	CC
cord-034205-53i2tw65	330	17	remain	remain	VB
cord-034205-53i2tw65	330	18	at	at	IN
cord-034205-53i2tw65	330	19	those	those	DT
cord-034205-53i2tw65	330	20	same	same	JJ
cord-034205-53i2tw65	330	21	levels	level	NNS
cord-034205-53i2tw65	330	22	.	.	.
cord-034205-53i2tw65	331	1	Finally	finally	RB
cord-034205-53i2tw65	331	2	,	,	,
cord-034205-53i2tw65	331	3	the	the	DT
cord-034205-53i2tw65	331	4	revenue	revenue	NN
cord-034205-53i2tw65	331	5	drops	drop	NNS
cord-034205-53i2tw65	331	6	,	,	,
cord-034205-53i2tw65	331	7	which	which	WDT
cord-034205-53i2tw65	331	8	would	would	MD
cord-034205-53i2tw65	331	9	require	require	VB
cord-034205-53i2tw65	331	10	the	the	DT
cord-034205-53i2tw65	331	11	clubs	club	NNS
cord-034205-53i2tw65	331	12	to	to	TO
cord-034205-53i2tw65	331	13	lower	lower	VB
cord-034205-53i2tw65	331	14	transfer	transfer	NN
cord-034205-53i2tw65	331	15	fees	fee	NNS
cord-034205-53i2tw65	331	16	.	.	.
cord-034205-53i2tw65	332	1	Especially	especially	RB
cord-034205-53i2tw65	332	2	with	with	IN
cord-034205-53i2tw65	332	3	respect	respect	NN
cord-034205-53i2tw65	332	4	to	to	IN
cord-034205-53i2tw65	332	5	the	the	DT
cord-034205-53i2tw65	332	6	current	current	JJ
cord-034205-53i2tw65	332	7	COVID-19	COVID-19	NNP
cord-034205-53i2tw65	332	8	crisis	crisis	NN
cord-034205-53i2tw65	332	9	-	-	:
cord-034205-53i2tw65	332	10	which	which	WDT
cord-034205-53i2tw65	332	11	can	can	MD
cord-034205-53i2tw65	332	12	be	be	VB
cord-034205-53i2tw65	332	13	seen	see	VBN
cord-034205-53i2tw65	332	14	as	as	IN
cord-034205-53i2tw65	332	15	a	a	DT
cord-034205-53i2tw65	332	16	negative	negative	JJ
cord-034205-53i2tw65	332	17	shock	shock	NN
cord-034205-53i2tw65	332	18	(	(	-LRB-
cord-034205-53i2tw65	332	19	following	follow	VBG
cord-034205-53i2tw65	332	20	Szymanski	Szymanski	NNP
cord-034205-53i2tw65	332	21	2017	2017	CD
cord-034205-53i2tw65	332	22	)	)	-RRB-
cord-034205-53i2tw65	333	1	not	not	RB
cord-034205-53i2tw65	333	2	only	only	RB
cord-034205-53i2tw65	333	3	for	for	IN
cord-034205-53i2tw65	333	4	football	football	NN
cord-034205-53i2tw65	333	5	but	but	CC
cord-034205-53i2tw65	333	6	for	for	IN
cord-034205-53i2tw65	333	7	the	the	DT
cord-034205-53i2tw65	333	8	whole	whole	JJ
cord-034205-53i2tw65	333	9	economy	economy	NN
cord-034205-53i2tw65	333	10	-	-	HYPH
cord-034205-53i2tw65	333	11	decreasing	decrease	VBG
cord-034205-53i2tw65	333	12	revenues	revenue	NNS
cord-034205-53i2tw65	333	13	and	and	CC
cord-034205-53i2tw65	333	14	hence	hence	RB
cord-034205-53i2tw65	333	15	decreasing	decrease	VBG
cord-034205-53i2tw65	333	16	transfer	transfer	NN
cord-034205-53i2tw65	333	17	fees	fee	NNS
cord-034205-53i2tw65	333	18	can	can	MD
cord-034205-53i2tw65	333	19	be	be	VB
cord-034205-53i2tw65	333	20	anticipated	anticipate	VBN
cord-034205-53i2tw65	333	21	at	at	IN
cord-034205-53i2tw65	333	22	least	least	JJS
cord-034205-53i2tw65	333	23	in	in	IN
cord-034205-53i2tw65	333	24	the	the	DT
cord-034205-53i2tw65	333	25	short	short	JJ
cord-034205-53i2tw65	333	26	-	-	HYPH
cord-034205-53i2tw65	333	27	term	term	NN
cord-034205-53i2tw65	333	28	.	.	.
cord-034205-53i2tw65	334	1	Thus	thus	RB
cord-034205-53i2tw65	334	2	,	,	,
cord-034205-53i2tw65	334	3	the	the	DT
cord-034205-53i2tw65	334	4	crisis	crisis	NN
cord-034205-53i2tw65	334	5	represents	represent	VBZ
cord-034205-53i2tw65	334	6	a	a	DT
cord-034205-53i2tw65	334	7	stress	stress	NN
cord-034205-53i2tw65	334	8	test	test	NN
cord-034205-53i2tw65	334	9	for	for	IN
cord-034205-53i2tw65	334	10	the	the	DT
cord-034205-53i2tw65	334	11	financial	financial	JJ
cord-034205-53i2tw65	334	12	stability	stability	NN
cord-034205-53i2tw65	334	13	of	of	IN
cord-034205-53i2tw65	334	14	European	european	JJ
cord-034205-53i2tw65	334	15	football	football	NN
cord-034205-53i2tw65	334	16	and	and	CC
cord-034205-53i2tw65	334	17	reveals	reveal	VBZ
cord-034205-53i2tw65	334	18	the	the	DT
cord-034205-53i2tw65	334	19	financial	financial	JJ
cord-034205-53i2tw65	334	20	instability	instability	NN
cord-034205-53i2tw65	334	21	of	of	IN
cord-034205-53i2tw65	334	22	some	some	DT
cord-034205-53i2tw65	334	23	clubs	club	NNS
cord-034205-53i2tw65	334	24	.	.	.
cord-034205-53i2tw65	335	1	Although	although	IN
cord-034205-53i2tw65	335	2	our	-PRON-	PRP$
cord-034205-53i2tw65	335	3	study	study	NN
cord-034205-53i2tw65	335	4	indicates	indicate	VBZ
cord-034205-53i2tw65	335	5	that	that	IN
cord-034205-53i2tw65	335	6	there	there	EX
cord-034205-53i2tw65	335	7	is	be	VBZ
cord-034205-53i2tw65	335	8	no	no	DT
cord-034205-53i2tw65	335	9	bubble	bubble	NN
cord-034205-53i2tw65	335	10	on	on	IN
cord-034205-53i2tw65	335	11	an	an	DT
cord-034205-53i2tw65	335	12	aggregated	aggregated	JJ
cord-034205-53i2tw65	335	13	league	league	NN
cord-034205-53i2tw65	335	14	level	level	NN
cord-034205-53i2tw65	335	15	,	,	,
cord-034205-53i2tw65	335	16	the	the	DT
cord-034205-53i2tw65	335	17	pandemic	pandemic	NN
cord-034205-53i2tw65	335	18	reinforces	reinforce	VBZ
cord-034205-53i2tw65	335	19	the	the	DT
cord-034205-53i2tw65	335	20	financial	financial	JJ
cord-034205-53i2tw65	335	21	problems	problem	NNS
cord-034205-53i2tw65	335	22	especially	especially	RB
cord-034205-53i2tw65	335	23	for	for	IN
cord-034205-53i2tw65	335	24	those	those	DT
cord-034205-53i2tw65	335	25	clubs	club	NNS
cord-034205-53i2tw65	335	26	with	with	IN
cord-034205-53i2tw65	335	27	unsustainable	unsustainable	JJ
cord-034205-53i2tw65	335	28	spending	spending	NN
cord-034205-53i2tw65	335	29	before	before	IN
cord-034205-53i2tw65	335	30	the	the	DT
cord-034205-53i2tw65	335	31	crisis	crisis	NN
cord-034205-53i2tw65	335	32	.	.	.
cord-034205-53i2tw65	336	1	The	the	DT
cord-034205-53i2tw65	336	2	main	main	JJ
cord-034205-53i2tw65	336	3	limitation	limitation	NN
cord-034205-53i2tw65	336	4	of	of	IN
cord-034205-53i2tw65	336	5	this	this	DT
cord-034205-53i2tw65	336	6	study	study	NN
cord-034205-53i2tw65	336	7	is	be	VBZ
cord-034205-53i2tw65	336	8	that	that	IN
cord-034205-53i2tw65	336	9	it	-PRON-	PRP
cord-034205-53i2tw65	336	10	provides	provide	VBZ
cord-034205-53i2tw65	336	11	no	no	DT
cord-034205-53i2tw65	336	12	final	final	JJ
cord-034205-53i2tw65	336	13	assessment	assessment	NN
cord-034205-53i2tw65	336	14	.	.	.
cord-034205-53i2tw65	337	1	One	one	CD
cord-034205-53i2tw65	337	2	peculiarity	peculiarity	NN
cord-034205-53i2tw65	337	3	of	of	IN
cord-034205-53i2tw65	337	4	bubbles	bubble	NNS
cord-034205-53i2tw65	337	5	is	be	VBZ
cord-034205-53i2tw65	337	6	that	that	IN
cord-034205-53i2tw65	337	7	they	-PRON-	PRP
cord-034205-53i2tw65	337	8	are	be	VBP
cord-034205-53i2tw65	337	9	impossible	impossible	JJ
cord-034205-53i2tw65	337	10	to	to	TO
cord-034205-53i2tw65	337	11	predict	predict	VB
cord-034205-53i2tw65	337	12	in	in	IN
cord-034205-53i2tw65	337	13	advance	advance	NN
cord-034205-53i2tw65	337	14	;	;	:
cord-034205-53i2tw65	337	15	thus	thus	RB
cord-034205-53i2tw65	337	16	,	,	,
cord-034205-53i2tw65	337	17	this	this	DT
cord-034205-53i2tw65	337	18	paper	paper	NN
cord-034205-53i2tw65	337	19	provides	provide	VBZ
cord-034205-53i2tw65	337	20	only	only	RB
cord-034205-53i2tw65	337	21	a	a	DT
cord-034205-53i2tw65	337	22	conceptual	conceptual	JJ
cord-034205-53i2tw65	337	23	evaluation	evaluation	NN
cord-034205-53i2tw65	337	24	that	that	WDT
cord-034205-53i2tw65	337	25	uses	use	VBZ
cord-034205-53i2tw65	337	26	available	available	JJ
cord-034205-53i2tw65	337	27	parameters	parameter	NNS
cord-034205-53i2tw65	337	28	and	and	CC
cord-034205-53i2tw65	337	29	considers	consider	VBZ
cord-034205-53i2tw65	337	30	the	the	DT
cord-034205-53i2tw65	337	31	experiences	experience	NNS
cord-034205-53i2tw65	337	32	of	of	IN
cord-034205-53i2tw65	337	33	past	past	JJ
cord-034205-53i2tw65	337	34	bubbles	bubble	NNS
cord-034205-53i2tw65	337	35	and	and	CC
cord-034205-53i2tw65	337	36	financial	financial	JJ
cord-034205-53i2tw65	337	37	crises	crisis	NNS
cord-034205-53i2tw65	337	38	by	by	IN
cord-034205-53i2tw65	337	39	applying	apply	VBG
cord-034205-53i2tw65	337	40	the	the	DT
cord-034205-53i2tw65	337	41	Kindleberger	Kindleberger	NNP
cord-034205-53i2tw65	337	42	-	-	HYPH
cord-034205-53i2tw65	337	43	Minsky	Minsky	NNP
cord-034205-53i2tw65	337	44	model	model	NN
cord-034205-53i2tw65	337	45	.	.	.
cord-034205-53i2tw65	338	1	Only	only	RB
cord-034205-53i2tw65	338	2	future	future	JJ
cord-034205-53i2tw65	338	3	developments	development	NNS
cord-034205-53i2tw65	338	4	can	can	MD
cord-034205-53i2tw65	338	5	conclusively	conclusively	RB
cord-034205-53i2tw65	338	6	indicate	indicate	VB
cord-034205-53i2tw65	338	7	whether	whether	IN
cord-034205-53i2tw65	338	8	there	there	EX
cord-034205-53i2tw65	338	9	is	be	VBZ
cord-034205-53i2tw65	338	10	a	a	DT
cord-034205-53i2tw65	338	11	bubble	bubble	NN
cord-034205-53i2tw65	338	12	in	in	IN
cord-034205-53i2tw65	338	13	European	european	JJ
cord-034205-53i2tw65	338	14	football	football	NN
cord-034205-53i2tw65	338	15	.	.	.
cord-034205-53i2tw65	339	1	Hence	hence	RB
cord-034205-53i2tw65	339	2	,	,	,
cord-034205-53i2tw65	339	3	even	even	RB
cord-034205-53i2tw65	339	4	the	the	DT
cord-034205-53i2tw65	339	5	use	use	NN
cord-034205-53i2tw65	339	6	of	of	IN
cord-034205-53i2tw65	339	7	a	a	DT
cord-034205-53i2tw65	339	8	more	more	RBR
cord-034205-53i2tw65	339	9	sophisticated	sophisticated	JJ
cord-034205-53i2tw65	339	10	approach	approach	NN
cord-034205-53i2tw65	339	11	would	would	MD
cord-034205-53i2tw65	339	12	not	not	RB
cord-034205-53i2tw65	339	13	yield	yield	VB
cord-034205-53i2tw65	339	14	a	a	DT
cord-034205-53i2tw65	339	15	clear	clear	JJ
cord-034205-53i2tw65	339	16	answer	answer	NN
cord-034205-53i2tw65	339	17	to	to	IN
cord-034205-53i2tw65	339	18	the	the	DT
cord-034205-53i2tw65	339	19	question	question	NN
cord-034205-53i2tw65	339	20	of	of	IN
cord-034205-53i2tw65	339	21	whether	whether	IN
cord-034205-53i2tw65	339	22	a	a	DT
cord-034205-53i2tw65	339	23	speculative	speculative	JJ
cord-034205-53i2tw65	339	24	bubble	bubble	NN
cord-034205-53i2tw65	339	25	exists	exist	VBZ
cord-034205-53i2tw65	339	26	.	.	.
cord-034205-53i2tw65	340	1	Other	other	JJ
cord-034205-53i2tw65	340	2	limitations	limitation	NNS
cord-034205-53i2tw65	340	3	concern	concern	VBP
cord-034205-53i2tw65	340	4	the	the	DT
cord-034205-53i2tw65	340	5	scope	scope	NN
cord-034205-53i2tw65	340	6	of	of	IN
cord-034205-53i2tw65	340	7	this	this	DT
cord-034205-53i2tw65	340	8	study	study	NN
cord-034205-53i2tw65	340	9	.	.	.
cord-034205-53i2tw65	341	1	While	while	IN
cord-034205-53i2tw65	341	2	focusing	focus	VBG
cord-034205-53i2tw65	341	3	on	on	IN
cord-034205-53i2tw65	341	4	the	the	DT
cord-034205-53i2tw65	341	5	European	european	JJ
cord-034205-53i2tw65	341	6	top	top	JJ
cord-034205-53i2tw65	341	7	leagues	league	NNS
cord-034205-53i2tw65	341	8	,	,	,
cord-034205-53i2tw65	341	9	the	the	DT
cord-034205-53i2tw65	341	10	financial	financial	JJ
cord-034205-53i2tw65	341	11	stability	stability	NN
cord-034205-53i2tw65	341	12	in	in	IN
cord-034205-53i2tw65	341	13	lower	low	JJR
cord-034205-53i2tw65	341	14	divisions	division	NNS
cord-034205-53i2tw65	341	15	might	may	MD
cord-034205-53i2tw65	341	16	be	be	VB
cord-034205-53i2tw65	341	17	more	more	RBR
cord-034205-53i2tw65	341	18	uncertain	uncertain	JJ
cord-034205-53i2tw65	342	1	(	(	-LRB-
cord-034205-53i2tw65	342	2	e.g.	e.g.	RB
cord-034205-53i2tw65	342	3	,	,	,
cord-034205-53i2tw65	342	4	Szymanski	Szymanski	NNP
cord-034205-53i2tw65	342	5	and	and	CC
cord-034205-53i2tw65	342	6	Weimar	Weimar	NNP
cord-034205-53i2tw65	342	7	2019	2019	CD
cord-034205-53i2tw65	342	8	)	)	-RRB-
cord-034205-53i2tw65	342	9	.	.	.
cord-034205-53i2tw65	343	1	Based	base	VBN
cord-034205-53i2tw65	343	2	on	on	IN
cord-034205-53i2tw65	343	3	the	the	DT
cord-034205-53i2tw65	343	4	observed	observed	JJ
cord-034205-53i2tw65	343	5	tendency	tendency	NN
cord-034205-53i2tw65	343	6	to	to	TO
cord-034205-53i2tw65	343	7	gamble	gamble	VB
cord-034205-53i2tw65	343	8	for	for	IN
cord-034205-53i2tw65	343	9	success	success	NN
cord-034205-53i2tw65	343	10	(	(	-LRB-
cord-034205-53i2tw65	343	11	Franck	Franck	NNP
cord-034205-53i2tw65	343	12	2010a	2010a	CD
cord-034205-53i2tw65	343	13	)	)	-RRB-
cord-034205-53i2tw65	343	14	,	,	,
cord-034205-53i2tw65	343	15	it	-PRON-	PRP
cord-034205-53i2tw65	343	16	might	may	MD
cord-034205-53i2tw65	343	17	be	be	VB
cord-034205-53i2tw65	343	18	tempting	tempting	JJ
cord-034205-53i2tw65	343	19	for	for	IN
cord-034205-53i2tw65	343	20	lower	low	JJR
cord-034205-53i2tw65	343	21	-	-	HYPH
cord-034205-53i2tw65	343	22	division	division	NN
cord-034205-53i2tw65	343	23	clubs	club	NNS
cord-034205-53i2tw65	343	24	to	to	TO
cord-034205-53i2tw65	343	25	overspend	overspend	VB
cord-034205-53i2tw65	343	26	to	to	TO
cord-034205-53i2tw65	343	27	benefit	benefit	VB
cord-034205-53i2tw65	343	28	from	from	IN
cord-034205-53i2tw65	343	29	the	the	DT
cord-034205-53i2tw65	343	30	considerably	considerably	RB
cord-034205-53i2tw65	343	31	higher	high	JJR
cord-034205-53i2tw65	343	32	broadcasting	broadcasting	NN
cord-034205-53i2tw65	343	33	income	income	NN
cord-034205-53i2tw65	343	34	in	in	IN
cord-034205-53i2tw65	343	35	the	the	DT
cord-034205-53i2tw65	343	36	first	first	JJ
cord-034205-53i2tw65	343	37	division	division	NN
cord-034205-53i2tw65	343	38	.	.	.
cord-034205-53i2tw65	344	1	Similarly	similarly	RB
cord-034205-53i2tw65	344	2	,	,	,
cord-034205-53i2tw65	344	3	the	the	DT
cord-034205-53i2tw65	344	4	risk	risk	NN
cord-034205-53i2tw65	344	5	of	of	IN
cord-034205-53i2tw65	344	6	a	a	DT
cord-034205-53i2tw65	344	7	bubble	bubble	NN
cord-034205-53i2tw65	344	8	-	-	HYPH
cord-034205-53i2tw65	344	9	building	building	NN
cord-034205-53i2tw65	344	10	in	in	IN
cord-034205-53i2tw65	344	11	the	the	DT
cord-034205-53i2tw65	344	12	top	top	JJ
cord-034205-53i2tw65	344	13	divisions	division	NNS
cord-034205-53i2tw65	344	14	of	of	IN
cord-034205-53i2tw65	344	15	other	other	JJ
cord-034205-53i2tw65	344	16	European	european	JJ
cord-034205-53i2tw65	344	17	countries	country	NNS
cord-034205-53i2tw65	344	18	that	that	WDT
cord-034205-53i2tw65	344	19	generate	generate	VBP
cord-034205-53i2tw65	344	20	lower	low	JJR
cord-034205-53i2tw65	344	21	revenues	revenue	NNS
cord-034205-53i2tw65	344	22	or	or	CC
cord-034205-53i2tw65	344	23	rely	rely	VB
cord-034205-53i2tw65	344	24	on	on	IN
cord-034205-53i2tw65	344	25	selling	sell	VBG
cord-034205-53i2tw65	344	26	home	home	RB
cord-034205-53i2tw65	344	27	-	-	HYPH
cord-034205-53i2tw65	344	28	grown	grow	VBN
cord-034205-53i2tw65	344	29	talents	talent	NNS
cord-034205-53i2tw65	344	30	might	may	MD
cord-034205-53i2tw65	344	31	be	be	VB
cord-034205-53i2tw65	344	32	higher	high	JJR
cord-034205-53i2tw65	344	33	if	if	IN
cord-034205-53i2tw65	344	34	they	-PRON-	PRP
cord-034205-53i2tw65	344	35	simultaneously	simultaneously	RB
cord-034205-53i2tw65	344	36	try	try	VBP
cord-034205-53i2tw65	344	37	to	to	TO
cord-034205-53i2tw65	344	38	compete	compete	VB
cord-034205-53i2tw65	344	39	in	in	IN
cord-034205-53i2tw65	344	40	the	the	DT
cord-034205-53i2tw65	344	41	European	european	JJ
cord-034205-53i2tw65	344	42	"	"	``
cord-034205-53i2tw65	344	43	rat	rat	NN
cord-034205-53i2tw65	344	44	race	race	NN
cord-034205-53i2tw65	344	45	"	"	''
cord-034205-53i2tw65	344	46	.	.	.
cord-034205-53i2tw65	345	1	The	the	DT
cord-034205-53i2tw65	345	2	findings	finding	NNS
cord-034205-53i2tw65	345	3	of	of	IN
cord-034205-53i2tw65	345	4	this	this	DT
cord-034205-53i2tw65	345	5	study	study	NN
cord-034205-53i2tw65	345	6	suggest	suggest	VBP
cord-034205-53i2tw65	345	7	several	several	JJ
cord-034205-53i2tw65	345	8	promising	promising	JJ
cord-034205-53i2tw65	345	9	areas	area	NNS
cord-034205-53i2tw65	345	10	for	for	IN
cord-034205-53i2tw65	345	11	future	future	JJ
cord-034205-53i2tw65	345	12	research	research	NN
cord-034205-53i2tw65	345	13	.	.	.
cord-034205-53i2tw65	346	1	First	first	RB
cord-034205-53i2tw65	346	2	,	,	,
cord-034205-53i2tw65	346	3	the	the	DT
cord-034205-53i2tw65	346	4	individual	individual	JJ
cord-034205-53i2tw65	346	5	components	component	NNS
cord-034205-53i2tw65	346	6	of	of	IN
cord-034205-53i2tw65	346	7	this	this	DT
cord-034205-53i2tw65	346	8	study	study	NN
cord-034205-53i2tw65	346	9	(	(	-LRB-
cord-034205-53i2tw65	346	10	e.g.	e.g.	RB
cord-034205-53i2tw65	346	11	,	,	,
cord-034205-53i2tw65	346	12	economic	economic	JJ
cord-034205-53i2tw65	346	13	mechanisms	mechanism	NNS
cord-034205-53i2tw65	346	14	affecting	affect	VBG
cord-034205-53i2tw65	346	15	broadcasting	broadcasting	NN
cord-034205-53i2tw65	346	16	income	income	NN
cord-034205-53i2tw65	346	17	and	and	CC
cord-034205-53i2tw65	346	18	empirical	empirical	JJ
cord-034205-53i2tw65	346	19	studies	study	NNS
cord-034205-53i2tw65	346	20	on	on	IN
cord-034205-53i2tw65	346	21	financial	financial	JJ
cord-034205-53i2tw65	346	22	investors	investor	NNS
cord-034205-53i2tw65	346	23	)	)	-RRB-
cord-034205-53i2tw65	346	24	can	can	MD
cord-034205-53i2tw65	346	25	be	be	VB
cord-034205-53i2tw65	346	26	further	further	RB
cord-034205-53i2tw65	346	27	investigated	investigate	VBN
cord-034205-53i2tw65	346	28	.	.	.
cord-034205-53i2tw65	347	1	A	a	DT
cord-034205-53i2tw65	347	2	second	second	JJ
cord-034205-53i2tw65	347	3	research	research	NN
cord-034205-53i2tw65	347	4	stream	stream	NN
cord-034205-53i2tw65	347	5	relates	relate	VBZ
cord-034205-53i2tw65	347	6	to	to	IN
cord-034205-53i2tw65	347	7	the	the	DT
cord-034205-53i2tw65	347	8	role	role	NN
cord-034205-53i2tw65	347	9	of	of	IN
cord-034205-53i2tw65	347	10	agents	agent	NNS
cord-034205-53i2tw65	347	11	in	in	IN
cord-034205-53i2tw65	347	12	football	football	NN
cord-034205-53i2tw65	347	13	contract	contract	NN
cord-034205-53i2tw65	347	14	negotiations	negotiation	NNS
cord-034205-53i2tw65	347	15	.	.	.
cord-034205-53i2tw65	348	1	This	this	DT
cord-034205-53i2tw65	348	2	is	be	VBZ
cord-034205-53i2tw65	348	3	especially	especially	RB
cord-034205-53i2tw65	348	4	relevant	relevant	JJ
cord-034205-53i2tw65	348	5	because	because	IN
cord-034205-53i2tw65	348	6	agents	agent	NNS
cord-034205-53i2tw65	348	7	receive	receive	VBP
cord-034205-53i2tw65	348	8	a	a	DT
cord-034205-53i2tw65	348	9	provision	provision	NN
cord-034205-53i2tw65	348	10	for	for	IN
cord-034205-53i2tw65	348	11	every	every	DT
cord-034205-53i2tw65	348	12	transfer	transfer	NN
cord-034205-53i2tw65	348	13	,	,	,
cord-034205-53i2tw65	348	14	based	base	VBN
cord-034205-53i2tw65	348	15	on	on	IN
cord-034205-53i2tw65	348	16	its	-PRON-	PRP$
cord-034205-53i2tw65	348	17	value	value	NN
cord-034205-53i2tw65	348	18	,	,	,
cord-034205-53i2tw65	348	19	and	and	CC
cord-034205-53i2tw65	348	20	therefore	therefore	RB
cord-034205-53i2tw65	348	21	have	have	VBP
cord-034205-53i2tw65	348	22	a	a	DT
cord-034205-53i2tw65	348	23	pecuniary	pecuniary	JJ
cord-034205-53i2tw65	348	24	interest	interest	NN
cord-034205-53i2tw65	348	25	in	in	IN
cord-034205-53i2tw65	348	26	concluding	conclude	VBG
cord-034205-53i2tw65	348	27	as	as	IN
cord-034205-53i2tw65	348	28	many	many	JJ
cord-034205-53i2tw65	348	29	transfers	transfer	NNS
cord-034205-53i2tw65	348	30	as	as	IN
cord-034205-53i2tw65	348	31	they	-PRON-	PRP
cord-034205-53i2tw65	348	32	can	can	MD
cord-034205-53i2tw65	348	33	.	.	.
cord-034205-53i2tw65	349	1	Third	third	RB
cord-034205-53i2tw65	349	2	,	,	,
cord-034205-53i2tw65	349	3	in	in	IN
cord-034205-53i2tw65	349	4	light	light	NN
cord-034205-53i2tw65	349	5	of	of	IN
cord-034205-53i2tw65	349	6	increasing	increase	VBG
cord-034205-53i2tw65	349	7	transfer	transfer	NN
cord-034205-53i2tw65	349	8	fees	fee	NNS
cord-034205-53i2tw65	349	9	,	,	,
cord-034205-53i2tw65	349	10	loans	loan	NNS
cord-034205-53i2tw65	349	11	are	be	VBP
cord-034205-53i2tw65	349	12	becoming	become	VBG
cord-034205-53i2tw65	349	13	more	more	RBR
cord-034205-53i2tw65	349	14	popular	popular	JJ
cord-034205-53i2tw65	349	15	in	in	IN
cord-034205-53i2tw65	349	16	football	football	NN
cord-034205-53i2tw65	349	17	;	;	:
cord-034205-53i2tw65	349	18	this	this	DT
cord-034205-53i2tw65	349	19	represents	represent	VBZ
cord-034205-53i2tw65	349	20	a	a	DT
cord-034205-53i2tw65	349	21	different	different	JJ
cord-034205-53i2tw65	349	22	contract	contract	NN
cord-034205-53i2tw65	349	23	construct	construct	NN
cord-034205-53i2tw65	349	24	that	that	WDT
cord-034205-53i2tw65	349	25	deserves	deserve	VBZ
cord-034205-53i2tw65	349	26	a	a	DT
cord-034205-53i2tw65	349	27	closer	close	JJR
cord-034205-53i2tw65	349	28	look	look	NN
cord-034205-53i2tw65	349	29	in	in	IN
cord-034205-53i2tw65	349	30	future	future	JJ
cord-034205-53i2tw65	349	31	research	research	NN
cord-034205-53i2tw65	349	32	.	.	.
cord-034205-53i2tw65	350	1	Finally	finally	RB
cord-034205-53i2tw65	350	2	,	,	,
cord-034205-53i2tw65	350	3	a	a	DT
cord-034205-53i2tw65	350	4	troubling	troubling	JJ
cord-034205-53i2tw65	350	5	implication	implication	NN
cord-034205-53i2tw65	350	6	of	of	IN
cord-034205-53i2tw65	350	7	transfer	transfer	NN
cord-034205-53i2tw65	350	8	fee	fee	NN
cord-034205-53i2tw65	350	9	developments	development	NNS
cord-034205-53i2tw65	350	10	is	be	VBZ
cord-034205-53i2tw65	350	11	that	that	IN
cord-034205-53i2tw65	350	12	clubs	club	NNS
cord-034205-53i2tw65	350	13	are	be	VBP
cord-034205-53i2tw65	350	14	starting	start	VBG
cord-034205-53i2tw65	350	15	to	to	TO
cord-034205-53i2tw65	350	16	scout	scout	NN
cord-034205-53i2tw65	350	17	players	player	NNS
cord-034205-53i2tw65	350	18	at	at	IN
cord-034205-53i2tw65	350	19	even	even	RB
cord-034205-53i2tw65	350	20	younger	young	JJR
cord-034205-53i2tw65	350	21	ages	age	NNS
cord-034205-53i2tw65	350	22	,	,	,
cord-034205-53i2tw65	350	23	to	to	TO
cord-034205-53i2tw65	350	24	avoid	avoid	VB
cord-034205-53i2tw65	350	25	high	high	JJ
cord-034205-53i2tw65	350	26	transfer	transfer	NN
cord-034205-53i2tw65	350	27	fees	fee	NNS
cord-034205-53i2tw65	350	28	,	,	,
cord-034205-53i2tw65	350	29	which	which	WDT
cord-034205-53i2tw65	350	30	opens	open	VBZ
cord-034205-53i2tw65	350	31	new	new	JJ
cord-034205-53i2tw65	350	32	areas	area	NNS
cord-034205-53i2tw65	350	33	of	of	IN
cord-034205-53i2tw65	350	34	strategic	strategic	JJ
cord-034205-53i2tw65	350	35	and	and	CC
cord-034205-53i2tw65	350	36	ethical	ethical	JJ
cord-034205-53i2tw65	350	37	issues	issue	NNS
cord-034205-53i2tw65	350	38	that	that	WDT
cord-034205-53i2tw65	350	39	should	should	MD
cord-034205-53i2tw65	350	40	be	be	VB
cord-034205-53i2tw65	350	41	addressed	address	VBN
cord-034205-53i2tw65	350	42	in	in	IN
cord-034205-53i2tw65	350	43	future	future	JJ
cord-034205-53i2tw65	350	44	research	research	NN
cord-034205-53i2tw65	350	45	.	.	.
cord-034205-53i2tw65	351	1	Einige	Einige	NNP
cord-034205-53i2tw65	351	2	bewertungstheoretische	bewertungstheoretische	NNP
cord-034205-53i2tw65	352	1	Anmerkungen	Anmerkungen	NNP
cord-034205-53i2tw65	352	2	zur	zur	NNP
cord-034205-53i2tw65	352	3	Marktwertanalyse	Marktwertanalyse	NNP
cord-034205-53i2tw65	353	1	der	der	NNP
cord-034205-53i2tw65	353	2	Plattform	Plattform	NNP
cord-034205-53i2tw65	353	3	transfermarkt	transfermarkt	NNP
cord-034205-53i2tw65	353	4	Stardom	stardom	NN
cord-034205-53i2tw65	353	5	and	and	CC
cord-034205-53i2tw65	353	6	talent	talent	NN
cord-034205-53i2tw65	354	1	The	the	DT
cord-034205-53i2tw65	354	2	economics	economic	NNS
cord-034205-53i2tw65	354	3	of	of	IN
cord-034205-53i2tw65	354	4	caste	caste	NN
cord-034205-53i2tw65	354	5	and	and	CC
cord-034205-53i2tw65	354	6	of	of	IN
cord-034205-53i2tw65	354	7	the	the	DT
cord-034205-53i2tw65	354	8	rat	rat	NN
cord-034205-53i2tw65	354	9	race	race	NN
cord-034205-53i2tw65	354	10	and	and	CC
cord-034205-53i2tw65	354	11	other	other	JJ
cord-034205-53i2tw65	354	12	woeful	woeful	JJ
cord-034205-53i2tw65	354	13	tales	tale	NNS
cord-034205-53i2tw65	354	14	French	french	JJ
cord-034205-53i2tw65	354	15	football	football	NN
cord-034205-53i2tw65	354	16	:	:	:
cord-034205-53i2tw65	354	17	a	a	DT
cord-034205-53i2tw65	354	18	financial	financial	JJ
cord-034205-53i2tw65	354	19	crisis	crisis	NN
cord-034205-53i2tw65	354	20	rooted	root	VBN
cord-034205-53i2tw65	354	21	in	in	IN
cord-034205-53i2tw65	354	22	weak	weak	JJ
cord-034205-53i2tw65	354	23	governance	governance	NN
cord-034205-53i2tw65	355	1	The	the	DT
cord-034205-53i2tw65	355	2	winner	winner	NN
cord-034205-53i2tw65	355	3	's	's	POS
cord-034205-53i2tw65	355	4	curse	curse	NN
cord-034205-53i2tw65	355	5	:	:	:
cord-034205-53i2tw65	355	6	why	why	WRB
cord-034205-53i2tw65	355	7	is	be	VBZ
cord-034205-53i2tw65	355	8	the	the	DT
cord-034205-53i2tw65	355	9	cost	cost	NN
cord-034205-53i2tw65	355	10	of	of	IN
cord-034205-53i2tw65	355	11	sports	sport	NNS
cord-034205-53i2tw65	355	12	mega	mega	NNS
cord-034205-53i2tw65	355	13	-	-	NNS
cord-034205-53i2tw65	355	14	events	event	NNS
cord-034205-53i2tw65	355	15	so	so	RB
cord-034205-53i2tw65	355	16	often	often	RB
cord-034205-53i2tw65	355	17	underestimated	underestimate	VBN
cord-034205-53i2tw65	355	18	?	?	.
cord-034205-53i2tw65	356	1	The	the	DT
cord-034205-53i2tw65	356	2	winner	winner	NN
cord-034205-53i2tw65	356	3	's	's	POS
cord-034205-53i2tw65	356	4	curse	curse	NN
cord-034205-53i2tw65	356	5	in	in	IN
cord-034205-53i2tw65	356	6	sports	sport	NNS
cord-034205-53i2tw65	356	7	economics	economic	NNS
cord-034205-53i2tw65	356	8	Herding	herd	VBG
cord-034205-53i2tw65	356	9	behavior	behavior	NN
cord-034205-53i2tw65	356	10	among	among	IN
cord-034205-53i2tw65	356	11	wine	wine	NN
cord-034205-53i2tw65	356	12	investors	investor	NNS
cord-034205-53i2tw65	356	13	Risikogesellschaft	Risikogesellschaft	NNP
cord-034205-53i2tw65	356	14	:	:	:
cord-034205-53i2tw65	356	15	auf	auf	NNP
cord-034205-53i2tw65	356	16	dem	dem	NNP
cord-034205-53i2tw65	356	17	Weg	Weg	NNP
cord-034205-53i2tw65	356	18	in	in	IN
cord-034205-53i2tw65	356	19	eine	eine	NNP
cord-034205-53i2tw65	356	20	andere	andere	FW
cord-034205-53i2tw65	356	21	Moderne	Moderne	NNP
cord-034205-53i2tw65	357	1	1_BEREN	1_beren	CD
cord-034205-53i2tw65	358	1	BERG%2520	BERG%2520	NNP
cord-034205-53i2tw65	358	2	M	M	NNP
cord-034205-53i2tw65	358	3	AKRO_Trend	AKRO_Trend	NNP
cord-034205-53i2tw65	359	1	s_Finan	s_Finan	NNP
cord-034205-53i2tw65	360	1	zieru	zieru	NNP
cord-034205-53i2tw65	360	2	ng_im_Profi	ng_im_Profi	NNP
cord-034205-53i2tw65	360	3	fussb	fussb	VBD
cord-034205-53i2tw65	360	4	all_final	all_final	NNP
cord-034205-53i2tw65	360	5	.pdf	.pdf	.
cord-034205-53i2tw65	360	6	.	.	.
cord-034205-53i2tw65	361	1	Accessed	Accessed	NNP
cord-034205-53i2tw65	361	2	Wie	Wie	NNP
cord-034205-53i2tw65	361	3	investoren	investoren	NNP
cord-034205-53i2tw65	361	4	am	be	VBP
cord-034205-53i2tw65	361	5	transfer	transfer	NN
cord-034205-53i2tw65	361	6	-	-	HYPH
cord-034205-53i2tw65	361	7	boom	boom	NN
cord-034205-53i2tw65	362	1	i	-PRON-	PRP
cord-034205-53i2tw65	362	2	m	be	VBP
cord-034205-53i2tw65	363	1	Fußball	Fußball	NNP
cord-034205-53i2tw65	363	2	verdienen	verdienen	NNP
cord-034205-53i2tw65	363	3	wollen	wollen	NNP
cord-034205-53i2tw65	363	4	Learning	Learning	NNP
cord-034205-53i2tw65	363	5	from	from	IN
cord-034205-53i2tw65	363	6	the	the	DT
cord-034205-53i2tw65	363	7	behavior	behavior	NN
cord-034205-53i2tw65	363	8	of	of	IN
cord-034205-53i2tw65	363	9	others	other	NNS
cord-034205-53i2tw65	363	10	:	:	:
cord-034205-53i2tw65	363	11	conformity	conformity	NN
cord-034205-53i2tw65	363	12	,	,	,
cord-034205-53i2tw65	363	13	fads	fad	NNS
cord-034205-53i2tw65	363	14	,	,	,
cord-034205-53i2tw65	363	15	and	and	CC
cord-034205-53i2tw65	363	16	informational	informational	JJ
cord-034205-53i2tw65	363	17	cascades	cascade	NNS
cord-034205-53i2tw65	364	1	Herd	herd	NN
cord-034205-53i2tw65	364	2	behavior	behavior	NN
cord-034205-53i2tw65	364	3	in	in	IN
cord-034205-53i2tw65	364	4	financial	financial	JJ
cord-034205-53i2tw65	364	5	markets	market	NNS
cord-034205-53i2tw65	365	1	In	in	IN
cord-034205-53i2tw65	365	2	:	:	:
cord-034205-53i2tw65	365	3	Wachtel	wachtel	NN
cord-034205-53i2tw65	365	4	P	p	NN
cord-034205-53i2tw65	365	5	(	(	-LRB-
cord-034205-53i2tw65	365	6	ed	ed	NN
cord-034205-53i2tw65	365	7	)	)	-RRB-
cord-034205-53i2tw65	365	8	Crises	crisis	NNS
cord-034205-53i2tw65	365	9	in	in	IN
cord-034205-53i2tw65	365	10	the	the	DT
cord-034205-53i2tw65	365	11	economic	economic	JJ
cord-034205-53i2tw65	365	12	and	and	CC
cord-034205-53i2tw65	365	13	financial	financial	JJ
cord-034205-53i2tw65	365	14	structure	structure	NN
cord-034205-53i2tw65	365	15	European	european	JJ
cord-034205-53i2tw65	365	16	soccer	soccer	NN
cord-034205-53i2tw65	365	17	has	have	VBZ
cord-034205-53i2tw65	365	18	an	an	DT
cord-034205-53i2tw65	365	19	inflationary	inflationary	JJ
cord-034205-53i2tw65	365	20	bubble	bubble	NN
cord-034205-53i2tw65	365	21	that	that	WDT
cord-034205-53i2tw65	365	22	will	will	MD
cord-034205-53i2tw65	365	23	eventually	eventually	RB
cord-034205-53i2tw65	365	24	burst	burst	VB
cord-034205-53i2tw65	365	25	Bosman	Bosman	NNP
cord-034205-53i2tw65	365	26	-	-	HYPH
cord-034205-53i2tw65	365	27	Urteil"-transferentschädigungen	Urteil"-transferentschädigungen	NNP
cord-034205-53i2tw65	365	28	,	,	,
cord-034205-53i2tw65	365	29	ablösesummen	ablösesummen	NNP
cord-034205-53i2tw65	365	30	,	,	,
cord-034205-53i2tw65	365	31	eigentumsrechte	eigentumsrechte	NNP
cord-034205-53i2tw65	365	32	,	,	,
cord-034205-53i2tw65	365	33	freizügigkeit	freizügigkeit	NNP
cord-034205-53i2tw65	365	34	.	.	.
cord-034205-53i2tw65	366	1	Sportökonomische	Sportökonomische	NNP
cord-034205-53i2tw65	366	2	Anmerkungen	Anmerkungen	NNP
cord-034205-53i2tw65	366	3	zu	zu	XX
cord-034205-53i2tw65	367	1	einem	einem	NNP
cord-034205-53i2tw65	367	2	sportpolitischen	sportpolitischen	NNP
cord-034205-53i2tw65	368	1	Thema	Thema	NNP
cord-034205-53i2tw65	368	2	Neue	Neue	NNP
cord-034205-53i2tw65	369	1	Enthüllungen	Enthüllungen	NNP
cord-034205-53i2tw65	369	2	belasten	belasten	NNP
cord-034205-53i2tw65	369	3	PSG	PSG	NNP
cord-034205-53i2tw65	369	4	-	-	HYPH
cord-034205-53i2tw65	369	5	Chef	Chef	NNP
cord-034205-53i2tw65	369	6	.	.	.
cord-034205-53i2tw65	370	1	Spiegel	Spiegel	NNP
cord-034205-53i2tw65	370	2	Online	Online	NNP
cord-034205-53i2tw65	370	3	Competitive	Competitive	NNP
cord-034205-53i2tw65	370	4	bidding	bidding	NN
cord-034205-53i2tw65	370	5	in	in	IN
cord-034205-53i2tw65	370	6	high	high	JJ
cord-034205-53i2tw65	370	7	-	-	HYPH
cord-034205-53i2tw65	370	8	risk	risk	NN
cord-034205-53i2tw65	370	9	situations	situation	NNS
cord-034205-53i2tw65	370	10	)	)	-RRB-
cord-034205-53i2tw65	371	1	the	the	DT
cord-034205-53i2tw65	371	2	labour	labour	NN
cord-034205-53i2tw65	371	3	market	market	NN
cord-034205-53i2tw65	371	4	in	in	IN
cord-034205-53i2tw65	371	5	association	association	NN
cord-034205-53i2tw65	371	6	football	football	NN
cord-034205-53i2tw65	371	7	:	:	:
cord-034205-53i2tw65	371	8	who	who	WP
cord-034205-53i2tw65	371	9	gets	get	VBZ
cord-034205-53i2tw65	371	10	transferred	transfer	VBN
cord-034205-53i2tw65	371	11	and	and	CC
cord-034205-53i2tw65	371	12	for	for	IN
cord-034205-53i2tw65	371	13	how	how	WRB
cord-034205-53i2tw65	371	14	much	much	JJ
cord-034205-53i2tw65	371	15	?	?	.
cord-034205-53i2tw65	372	1	Bargaining	bargaining	NN
cord-034205-53i2tw65	372	2	in	in	IN
cord-034205-53i2tw65	372	3	the	the	DT
cord-034205-53i2tw65	372	4	transfer	transfer	NN
cord-034205-53i2tw65	372	5	market	market	NN
cord-034205-53i2tw65	372	6	:	:	:
cord-034205-53i2tw65	372	7	theory	theory	NN
cord-034205-53i2tw65	372	8	and	and	CC
cord-034205-53i2tw65	372	9	evidence	evidence	NN
cord-034205-53i2tw65	372	10	Implications	implication	NNS
cord-034205-53i2tw65	372	11	of	of	IN
cord-034205-53i2tw65	372	12	the	the	DT
cord-034205-53i2tw65	372	13	auction	auction	NN
cord-034205-53i2tw65	372	14	mechanism	mechanism	NN
cord-034205-53i2tw65	372	15	in	in	IN
cord-034205-53i2tw65	372	16	baseball	baseball	NN
cord-034205-53i2tw65	372	17	's	's	POS
cord-034205-53i2tw65	372	18	free	free	JJ
cord-034205-53i2tw65	372	19	agent	agent	NN
cord-034205-53i2tw65	372	20	draft	draft	NN
cord-034205-53i2tw65	372	21	Rio	Rio	NNP
cord-034205-53i2tw65	372	22	2016	2016	CD
cord-034205-53i2tw65	372	23	:	:	:
cord-034205-53i2tw65	372	24	the	the	DT
cord-034205-53i2tw65	372	25	richest	rich	JJS
cord-034205-53i2tw65	372	26	games	game	NNS
cord-034205-53i2tw65	372	27	in	in	IN
cord-034205-53i2tw65	372	28	120	120	CD
cord-034205-53i2tw65	372	29	years	year	NNS
cord-034205-53i2tw65	372	30	of	of	IN
cord-034205-53i2tw65	372	31	Olympic	olympic	JJ
cord-034205-53i2tw65	372	32	history	history	NN
cord-034205-53i2tw65	373	1	The	the	DT
cord-034205-53i2tw65	373	2	rights	right	NNS
cord-034205-53i2tw65	373	3	track	track	NN
cord-034205-53i2tw65	373	4	:	:	:
cord-034205-53i2tw65	373	5	a	a	DT
cord-034205-53i2tw65	373	6	history	history	NN
cord-034205-53i2tw65	373	7	of	of	IN
cord-034205-53i2tw65	373	8	the	the	DT
cord-034205-53i2tw65	373	9	Premier	Premier	NNP
cord-034205-53i2tw65	373	10	League	League	NNP
cord-034205-53i2tw65	373	11	's	's	POS
cord-034205-53i2tw65	373	12	UK	UK	NNP
cord-034205-53i2tw65	373	13	TV	tv	NN
cord-034205-53i2tw65	373	14	deals	deal	VBZ
cord-034205-53i2tw65	373	15	Sports	sport	NNS
cord-034205-53i2tw65	373	16	Media	medium	NNS
cord-034205-53i2tw65	373	17	Rights	right	NNS
cord-034205-53i2tw65	373	18	to	to	TO
cord-034205-53i2tw65	373	19	soar	soar	VB
cord-034205-53i2tw65	373	20	to	to	IN
cord-034205-53i2tw65	373	21	$	$	$
cord-034205-53i2tw65	373	22	23B	23b	NN
cord-034205-53i2tw65	373	23	in	in	IN
cord-034205-53i2tw65	373	24	2021	2021	CD
cord-034205-53i2tw65	373	25	Grundlagen	Grundlagen	NNP
cord-034205-53i2tw65	373	26	der	der	NNP
cord-034205-53i2tw65	373	27	Sportökonomie	Sportökonomie	NNP
cord-034205-53i2tw65	373	28	Annual	Annual	NNP
cord-034205-53i2tw65	373	29	review	review	NN
cord-034205-53i2tw65	373	30	of	of	IN
cord-034205-53i2tw65	373	31	football	football	NN
cord-034205-53i2tw65	373	32	finance	finance	NN
cord-034205-53i2tw65	374	1	Annual	annual	JJ
cord-034205-53i2tw65	374	2	review	review	NN
cord-034205-53i2tw65	374	3	of	of	IN
cord-034205-53i2tw65	374	4	football	football	NN
cord-034205-53i2tw65	374	5	finance	finance	NN
cord-034205-53i2tw65	375	1	Annual	annual	JJ
cord-034205-53i2tw65	375	2	review	review	NN
cord-034205-53i2tw65	375	3	of	of	IN
cord-034205-53i2tw65	375	4	football	football	NN
cord-034205-53i2tw65	375	5	finance	finance	NN
cord-034205-53i2tw65	376	1	Annual	annual	JJ
cord-034205-53i2tw65	376	2	review	review	NN
cord-034205-53i2tw65	376	3	of	of	IN
cord-034205-53i2tw65	376	4	football	football	NN
cord-034205-53i2tw65	376	5	finance	finance	NN
cord-034205-53i2tw65	377	1	Annual	annual	JJ
cord-034205-53i2tw65	377	2	review	review	NN
cord-034205-53i2tw65	377	3	of	of	IN
cord-034205-53i2tw65	377	4	football	football	NN
cord-034205-53i2tw65	377	5	finance	finance	NN
cord-034205-53i2tw65	378	1	Annual	annual	JJ
cord-034205-53i2tw65	378	2	review	review	NN
cord-034205-53i2tw65	378	3	of	of	IN
cord-034205-53i2tw65	378	4	football	football	NN
cord-034205-53i2tw65	378	5	finance	finance	NN
cord-034205-53i2tw65	379	1	Annual	annual	JJ
cord-034205-53i2tw65	379	2	review	review	NN
cord-034205-53i2tw65	379	3	of	of	IN
cord-034205-53i2tw65	379	4	football	football	NN
cord-034205-53i2tw65	379	5	finance	finance	NN
cord-034205-53i2tw65	380	1	Annual	annual	JJ
cord-034205-53i2tw65	380	2	review	review	NN
cord-034205-53i2tw65	380	3	of	of	IN
cord-034205-53i2tw65	380	4	football	football	NN
cord-034205-53i2tw65	380	5	finance	finance	NN
cord-034205-53i2tw65	381	1	Annual	annual	JJ
cord-034205-53i2tw65	381	2	review	review	NN
cord-034205-53i2tw65	381	3	of	of	IN
cord-034205-53i2tw65	381	4	football	football	NN
cord-034205-53i2tw65	381	5	finance	finance	NN
cord-034205-53i2tw65	381	6	2020	2020	CD
cord-034205-53i2tw65	381	7	Governance	Governance	NNP
cord-034205-53i2tw65	381	8	failure	failure	NN
cord-034205-53i2tw65	381	9	and	and	CC
cord-034205-53i2tw65	381	10	financial	financial	JJ
cord-034205-53i2tw65	381	11	crisis	crisis	NN
cord-034205-53i2tw65	381	12	in	in	IN
cord-034205-53i2tw65	381	13	German	german	JJ
cord-034205-53i2tw65	381	14	football	football	NN
cord-034205-53i2tw65	381	15	Migration	migration	NN
cord-034205-53i2tw65	381	16	and	and	CC
cord-034205-53i2tw65	381	17	football	football	NN
cord-034205-53i2tw65	381	18	player	player	NN
cord-034205-53i2tw65	381	19	market	market	NN
cord-034205-53i2tw65	381	20	value	value	NN
cord-034205-53i2tw65	381	21	:	:	:
cord-034205-53i2tw65	381	22	evidence	evidence	NN
cord-034205-53i2tw65	381	23	from	from	IN
cord-034205-53i2tw65	381	24	Greece	Greece	NNP
cord-034205-53i2tw65	381	25	Finanzierung	Finanzierung	NNP
cord-034205-53i2tw65	381	26	für	für	IN
cord-034205-53i2tw65	381	27	Fußballunternehmen	Fußballunternehmen	NNP
cord-034205-53i2tw65	381	28	-	-	HYPH
cord-034205-53i2tw65	381	29	Erfolgreiche	Erfolgreiche	NNP
cord-034205-53i2tw65	381	30	Wege	Wege	NNP
cord-034205-53i2tw65	381	31	der	der	NNP
cord-034205-53i2tw65	381	32	Kapitalbeschaffung	Kapitalbeschaffung	NNP
cord-034205-53i2tw65	381	33	Europäische	Europäische	NNP
cord-034205-53i2tw65	381	34	Union	Union	NNP
cord-034205-53i2tw65	381	35	and	and	CC
cord-034205-53i2tw65	381	36	Euro	Euro	NNP
cord-034205-53i2tw65	381	37	-	-	HYPH
cord-034205-53i2tw65	381	38	Zone	Zone	NNP
cord-034205-53i2tw65	381	39	:	:	:
cord-034205-53i2tw65	382	1	Inflationsrate	Inflationsrate	NNP
cord-034205-53i2tw65	382	2	von	von	NNP
cord-034205-53i2tw65	382	3	Transfer	Transfer	NNP
cord-034205-53i2tw65	382	4	fee	fee	NN
cord-034205-53i2tw65	382	5	regulations	regulation	NNS
cord-034205-53i2tw65	382	6	in	in	IN
cord-034205-53i2tw65	382	7	European	european	JJ
cord-034205-53i2tw65	382	8	football	football	NN
cord-034205-53i2tw65	383	1	A	a	DT
cord-034205-53i2tw65	383	2	winner	winner	NN
cord-034205-53i2tw65	383	3	's	's	POS
cord-034205-53i2tw65	383	4	curse	curse	NN
cord-034205-53i2tw65	383	5	in	in	IN
cord-034205-53i2tw65	383	6	the	the	DT
cord-034205-53i2tw65	383	7	bidding	bidding	NN
cord-034205-53i2tw65	383	8	process	process	NN
cord-034205-53i2tw65	383	9	for	for	IN
cord-034205-53i2tw65	383	10	broadcasting	broadcasting	NN
cord-034205-53i2tw65	383	11	rights	right	NNS
cord-034205-53i2tw65	383	12	in	in	IN
cord-034205-53i2tw65	383	13	football	football	NN
cord-034205-53i2tw65	383	14	?	?	.
cord-034205-53i2tw65	384	1	The	the	DT
cord-034205-53i2tw65	384	2	cases	case	NNS
cord-034205-53i2tw65	384	3	of	of	IN
cord-034205-53i2tw65	384	4	the	the	DT
cord-034205-53i2tw65	384	5	French	french	JJ
cord-034205-53i2tw65	384	6	and	and	CC
cord-034205-53i2tw65	384	7	UK	UK	NNP
cord-034205-53i2tw65	384	8	markets	market	NNS
cord-034205-53i2tw65	384	9	FIFA	FIFA	NNP
cord-034205-53i2tw65	384	10	(	(	-LRB-
cord-034205-53i2tw65	384	11	2019	2019	CD
cord-034205-53i2tw65	384	12	)	)	-RRB-
cord-034205-53i2tw65	384	13	Regulations	Regulations	NNPS
cord-034205-53i2tw65	384	14	on	on	IN
cord-034205-53i2tw65	384	15	the	the	DT
cord-034205-53i2tw65	384	16	status	status	NN
cord-034205-53i2tw65	384	17	and	and	CC
cord-034205-53i2tw65	384	18	transfer	transfer	NN
cord-034205-53i2tw65	384	19	of	of	IN
cord-034205-53i2tw65	384	20	players	player	NNS
cord-034205-53i2tw65	384	21	Ökonomisierung	Ökonomisierung	NNP
cord-034205-53i2tw65	384	22	des	des	FW
cord-034205-53i2tw65	384	23	Fußballs	Fußballs	NNP
cord-034205-53i2tw65	385	1	The	the	DT
cord-034205-53i2tw65	385	2	show	show	NN
cord-034205-53i2tw65	385	3	must	must	MD
cord-034205-53i2tw65	385	4	go	go	VB
cord-034205-53i2tw65	385	5	on	on	RP
cord-034205-53i2tw65	385	6	"	"	''
cord-034205-53i2tw65	385	7	!	!	.
cord-034205-53i2tw65	385	8	?	?	.
cord-034205-53i2tw65	386	1	Agree	agree	VB
cord-034205-53i2tw65	386	2	or	or	CC
cord-034205-53i2tw65	386	3	disagree	disagree	VB
cord-034205-53i2tw65	386	4	?	?	.
cord-034205-53i2tw65	387	1	On	on	IN
cord-034205-53i2tw65	387	2	the	the	DT
cord-034205-53i2tw65	387	3	role	role	NN
cord-034205-53i2tw65	387	4	of	of	IN
cord-034205-53i2tw65	387	5	negotiations	negotiation	NNS
cord-034205-53i2tw65	387	6	for	for	IN
cord-034205-53i2tw65	387	7	the	the	DT
cord-034205-53i2tw65	387	8	valuation	valuation	NN
cord-034205-53i2tw65	387	9	of	of	IN
cord-034205-53i2tw65	387	10	business	business	NN
cord-034205-53i2tw65	387	11	enterprises	enterprise	NNS
cord-034205-53i2tw65	387	12	Team	Team	NNP
cord-034205-53i2tw65	387	13	salaries	salary	NNS
cord-034205-53i2tw65	387	14	and	and	CC
cord-034205-53i2tw65	387	15	playing	play	VBG
cord-034205-53i2tw65	387	16	success	success	NN
cord-034205-53i2tw65	387	17	in	in	IN
cord-034205-53i2tw65	387	18	sports	sport	NNS
cord-034205-53i2tw65	387	19	:	:	:
cord-034205-53i2tw65	387	20	a	a	DT
cord-034205-53i2tw65	387	21	comparative	comparative	JJ
cord-034205-53i2tw65	387	22	perspective	perspective	NN
cord-034205-53i2tw65	387	23	Die	die	VBP
cord-034205-53i2tw65	387	24	ökonomischen	ökonomischen	NN
cord-034205-53i2tw65	387	25	Institutionen	institutionen	NN
cord-034205-53i2tw65	387	26	der	der	NNP
cord-034205-53i2tw65	387	27	Teamsportindustrie	Teamsportindustrie	NNP
cord-034205-53i2tw65	387	28	Private	Private	NNP
cord-034205-53i2tw65	387	29	firm	firm	NN
cord-034205-53i2tw65	387	30	,	,	,
cord-034205-53i2tw65	387	31	public	public	JJ
cord-034205-53i2tw65	387	32	corporation	corporation	NN
cord-034205-53i2tw65	387	33	or	or	CC
cord-034205-53i2tw65	387	34	member	member	NN
cord-034205-53i2tw65	387	35	's	's	POS
cord-034205-53i2tw65	387	36	association	association	NN
cord-034205-53i2tw65	387	37	-	-	HYPH
cord-034205-53i2tw65	387	38	governance	governance	NN
cord-034205-53i2tw65	387	39	structures	structure	NNS
cord-034205-53i2tw65	387	40	in	in	IN
cord-034205-53i2tw65	387	41	European	european	JJ
cord-034205-53i2tw65	387	42	football	football	NN
cord-034205-53i2tw65	387	43	Zombierennen	Zombierennen	NNP
cord-034205-53i2tw65	387	44	und	und	IN
cord-034205-53i2tw65	387	45	Patenonkel	Patenonkel	NNP
cord-034205-53i2tw65	387	46	-	-	HYPH
cord-034205-53i2tw65	387	47	Warum	Warum	NNP
cord-034205-53i2tw65	387	48	deutsche	deutsche	NNP
cord-034205-53i2tw65	387	49	Fussballklubs	Fussballklubs	NNP
cord-034205-53i2tw65	387	50	in	in	IN
cord-034205-53i2tw65	387	51	der	der	NNP
cord-034205-53i2tw65	387	52	Champions	Champions	NNPS
cord-034205-53i2tw65	387	53	League	League	NNP
cord-034205-53i2tw65	387	54	den	den	NNP
cord-034205-53i2tw65	387	55	Kürzeren	Kürzeren	NNP
cord-034205-53i2tw65	387	56	ziehen	ziehen	NNP
cord-034205-53i2tw65	387	57	Financial	financial	JJ
cord-034205-53i2tw65	387	58	fair	fair	JJ
cord-034205-53i2tw65	387	59	play	play	NN
cord-034205-53i2tw65	387	60	in	in	IN
cord-034205-53i2tw65	387	61	European	European	NNP
cord-034205-53i2tw65	387	62	Club	Club	NNP
cord-034205-53i2tw65	387	63	Football	Football	NNP
cord-034205-53i2tw65	387	64	-	-	,
cord-034205-53i2tw65	387	65	what	what	WP
cord-034205-53i2tw65	387	66	is	be	VBZ
cord-034205-53i2tw65	387	67	it	-PRON-	PRP
cord-034205-53i2tw65	387	68	all	all	DT
cord-034205-53i2tw65	387	69	about	about	IN
cord-034205-53i2tw65	387	70	?	?	.
cord-034205-53i2tw65	388	1	Talent	talent	NN
cord-034205-53i2tw65	388	2	and/or	and/or	CC
cord-034205-53i2tw65	388	3	popularity	popularity	NN
cord-034205-53i2tw65	389	1	:	:	:
cord-034205-53i2tw65	389	2	what	what	WP
cord-034205-53i2tw65	389	3	does	do	VBZ
cord-034205-53i2tw65	389	4	it	-PRON-	PRP
cord-034205-53i2tw65	389	5	take	take	VB
cord-034205-53i2tw65	389	6	to	to	TO
cord-034205-53i2tw65	389	7	be	be	VB
cord-034205-53i2tw65	389	8	a	a	DT
cord-034205-53i2tw65	389	9	superstar	superstar	NN
cord-034205-53i2tw65	389	10	?	?	.
cord-034205-53i2tw65	390	1	Follow	follow	VB
cord-034205-53i2tw65	390	2	me	-PRON-	PRP
cord-034205-53i2tw65	390	3	...	...	.
cord-034205-53i2tw65	391	1	on	on	IN
cord-034205-53i2tw65	391	2	the	the	DT
cord-034205-53i2tw65	391	3	relationship	relationship	NN
cord-034205-53i2tw65	391	4	between	between	IN
cord-034205-53i2tw65	391	5	social	social	JJ
cord-034205-53i2tw65	391	6	media	medium	NNS
cord-034205-53i2tw65	391	7	activities	activity	NNS
cord-034205-53i2tw65	391	8	and	and	CC
cord-034205-53i2tw65	391	9	market	market	NN
cord-034205-53i2tw65	391	10	values	value	NNS
cord-034205-53i2tw65	391	11	in	in	IN
cord-034205-53i2tw65	391	12	the	the	DT
cord-034205-53i2tw65	391	13	German	german	JJ
cord-034205-53i2tw65	391	14	Bundesliga	Bundesliga	NNP
cord-034205-53i2tw65	391	15	.	.	.
cord-034205-53i2tw65	392	1	Working	Working	NNP
cord-034205-53i2tw65	392	2	Papers	Papers	NNPS
cord-034205-53i2tw65	392	3	of	of	IN
cord-034205-53i2tw65	392	4	the	the	DT
cord-034205-53i2tw65	392	5	European	European	NNP
cord-034205-53i2tw65	392	6	Institute	Institute	NNP
cord-034205-53i2tw65	392	7	for	for	IN
cord-034205-53i2tw65	392	8	Socioeconomics	Socioeconomics	NNP
cord-034205-53i2tw65	393	1	No	no	UH
cord-034205-53i2tw65	393	2	.	.	.
cord-034205-53i2tw65	394	1	32	32	CD
cord-034205-53i2tw65	394	2	und	und	XX
cord-034205-53i2tw65	395	1	Geld	Geld	NNP
cord-034205-53i2tw65	395	2	schießt	schießt	NNP
cord-034205-53i2tw65	396	1	eben	eben	NNP
cord-034205-53i2tw65	396	2	doch	doch	NNP
cord-034205-53i2tw65	396	3	Tore	Tore	NNP
cord-034205-53i2tw65	397	1	The	the	DT
cord-034205-53i2tw65	397	2	football	football	NN
cord-034205-53i2tw65	397	3	players	player	NNS
cord-034205-53i2tw65	397	4	'	'	POS
cord-034205-53i2tw65	397	5	labor	labor	NN
cord-034205-53i2tw65	397	6	market	market	NN
cord-034205-53i2tw65	397	7	:	:	:
cord-034205-53i2tw65	397	8	empirical	empirical	JJ
cord-034205-53i2tw65	397	9	evidence	evidence	NN
cord-034205-53i2tw65	397	10	from	from	IN
cord-034205-53i2tw65	397	11	the	the	DT
cord-034205-53i2tw65	397	12	major	major	JJ
cord-034205-53i2tw65	397	13	European	european	JJ
cord-034205-53i2tw65	397	14	leagues	league	NNS
cord-034205-53i2tw65	397	15	Goal	Goal	NNP
cord-034205-53i2tw65	397	16	!	!	.
cord-034205-53i2tw65	398	1	profit	profit	NN
cord-034205-53i2tw65	398	2	maximization	maximization	NN
cord-034205-53i2tw65	398	3	versus	versus	IN
cord-034205-53i2tw65	398	4	win	win	NN
cord-034205-53i2tw65	398	5	maximization	maximization	NN
cord-034205-53i2tw65	398	6	in	in	IN
cord-034205-53i2tw65	398	7	soccer	soccer	NN
cord-034205-53i2tw65	398	8	Panel	Panel	NNP
cord-034205-53i2tw65	398	9	unit	unit	NN
cord-034205-53i2tw65	398	10	root	root	NN
cord-034205-53i2tw65	398	11	tests	test	NNS
cord-034205-53i2tw65	398	12	in	in	IN
cord-034205-53i2tw65	398	13	the	the	DT
cord-034205-53i2tw65	398	14	presence	presence	NN
cord-034205-53i2tw65	398	15	of	of	IN
cord-034205-53i2tw65	398	16	cross	cross	JJ
cord-034205-53i2tw65	398	17	-	-	JJ
cord-034205-53i2tw65	398	18	sectional	sectional	JJ
cord-034205-53i2tw65	398	19	dependencies	dependency	NNS
cord-034205-53i2tw65	398	20	:	:	:
cord-034205-53i2tw65	399	1	comparison	comparison	NN
cord-034205-53i2tw65	399	2	and	and	CC
cord-034205-53i2tw65	399	3	implications	implication	NNS
cord-034205-53i2tw65	399	4	for	for	IN
cord-034205-53i2tw65	399	5	modelling	model	VBG
cord-034205-53i2tw65	399	6	Volkswirtschaftslehre	Volkswirtschaftslehre	NNP
cord-034205-53i2tw65	399	7	-	-	HYPH
cord-034205-53i2tw65	399	8	eine	eine	NNP
cord-034205-53i2tw65	399	9	Einführung	Einführung	NNP
cord-034205-53i2tw65	399	10	auch	auch	NNP
cord-034205-53i2tw65	399	11	für	für	IN
cord-034205-53i2tw65	399	12	Fachfremde	Fachfremde	NNP
cord-034205-53i2tw65	399	13	Modeling	model	VBG
cord-034205-53i2tw65	399	14	financial	financial	JJ
cord-034205-53i2tw65	399	15	crises	crisis	NNS
cord-034205-53i2tw65	399	16	and	and	CC
cord-034205-53i2tw65	399	17	sovereign	sovereign	JJ
cord-034205-53i2tw65	399	18	risks	risk	NNS
cord-034205-53i2tw65	399	19	Der	Der	NNP
cord-034205-53i2tw65	399	20	deutsche	deutsche	NNP
cord-034205-53i2tw65	399	21	Krankenhausmarkt	Krankenhausmarkt	NNP
cord-034205-53i2tw65	399	22	,	,	,
cord-034205-53i2tw65	399	23	Eine	Eine	NNP
cord-034205-53i2tw65	399	24	Analyse	Analyse	NNP
cord-034205-53i2tw65	399	25	auf	auf	NNP
cord-034205-53i2tw65	399	26	Basis	Basis	NNP
cord-034205-53i2tw65	399	27	des	des	NNP
cord-034205-53i2tw65	399	28	Konzepts	Konzepts	NNP
cord-034205-53i2tw65	399	29	zur	zur	NNP
cord-034205-53i2tw65	399	30	Koordinationsmängeldiagnose	Koordinationsmängeldiagnose	NNP
cord-034205-53i2tw65	400	1	When	when	WRB
cord-034205-53i2tw65	400	2	the	the	DT
cord-034205-53i2tw65	400	3	crowd	crowd	NN
cord-034205-53i2tw65	400	4	evaluates	evaluate	VBZ
cord-034205-53i2tw65	400	5	soccer	soccer	NN
cord-034205-53i2tw65	400	6	players	player	NNS
cord-034205-53i2tw65	400	7	'	'	POS
cord-034205-53i2tw65	400	8	market	market	NN
cord-034205-53i2tw65	400	9	values	value	NNS
cord-034205-53i2tw65	400	10	:	:	:
cord-034205-53i2tw65	400	11	accuracy	accuracy	NN
cord-034205-53i2tw65	400	12	and	and	CC
cord-034205-53i2tw65	400	13	evaluation	evaluation	NN
cord-034205-53i2tw65	400	14	attributes	attribute	NNS
cord-034205-53i2tw65	400	15	of	of	IN
cord-034205-53i2tw65	400	16	an	an	DT
cord-034205-53i2tw65	400	17	online	online	JJ
cord-034205-53i2tw65	400	18	community	community	NN
cord-034205-53i2tw65	400	19	Absurde	Absurde	NNP
cord-034205-53i2tw65	400	20	TV	TV	NNP
cord-034205-53i2tw65	400	21	-	-	HYPH
cord-034205-53i2tw65	400	22	Rechte	Rechte	NNP
cord-034205-53i2tw65	400	23	in	in	IN
cord-034205-53i2tw65	400	24	der	der	NNP
cord-034205-53i2tw65	400	25	Premier	Premier	NNP
cord-034205-53i2tw65	400	26	League	League	NNP
cord-034205-53i2tw65	400	27	:	:	:
cord-034205-53i2tw65	400	28	Warum	Warum	NNP
cord-034205-53i2tw65	400	29	Fans	Fans	NNPS
cord-034205-53i2tw65	400	30	in	in	IN
cord-034205-53i2tw65	400	31	England	England	NNP
cord-034205-53i2tw65	400	32	manche	manche	NN
cord-034205-53i2tw65	400	33	Spiele	Spiele	NNP
cord-034205-53i2tw65	400	34	gar	gar	FW
cord-034205-53i2tw65	400	35	nicht	nicht	NNP
cord-034205-53i2tw65	400	36	sehen	sehen	NNP
cord-034205-53i2tw65	401	1	können	können	UH
cord-034205-53i2tw65	401	2	Mehr	Mehr	NNP
cord-034205-53i2tw65	401	3	Wert	Wert	NNP
cord-034205-53i2tw65	401	4	:	:	:
cord-034205-53i2tw65	402	1	die	die	VB
cord-034205-53i2tw65	403	1	Ökonomie	Ökonomie	NNP
cord-034205-53i2tw65	403	2	des	des	NNP
cord-034205-53i2tw65	403	3	Einzigartigen	Einzigartigen	NNP
cord-034205-53i2tw65	403	4	,	,	,
cord-034205-53i2tw65	403	5	1st	1st	JJ
cord-034205-53i2tw65	403	6	German	german	JJ
cord-034205-53i2tw65	403	7	edn	edn	NN
cord-034205-53i2tw65	403	8	.	.	.
cord-034205-53i2tw65	404	1	Campus	campus	NN
cord-034205-53i2tw65	404	2	,	,	,
cord-034205-53i2tw65	404	3	Frankfurt	Frankfurt	NNP
cord-034205-53i2tw65	404	4	am	be	VBP
cord-034205-53i2tw65	404	5	Main	Main	NNP
cord-034205-53i2tw65	404	6	Kesenne	Kesenne	NNP
cord-034205-53i2tw65	404	7	S	S	NNP
cord-034205-53i2tw65	404	8	(	(	-LRB-
cord-034205-53i2tw65	404	9	2002	2002	CD
cord-034205-53i2tw65	404	10	)	)	-RRB-
cord-034205-53i2tw65	405	1	The	the	DT
cord-034205-53i2tw65	405	2	monopsonistic	monopsonistic	JJ
cord-034205-53i2tw65	405	3	player	player	NN
cord-034205-53i2tw65	405	4	labour	labour	NN
cord-034205-53i2tw65	405	5	market	market	NN
cord-034205-53i2tw65	405	6	in	in	IN
cord-034205-53i2tw65	405	7	a	a	DT
cord-034205-53i2tw65	405	8	win	win	NN
cord-034205-53i2tw65	405	9	-	-	HYPH
cord-034205-53i2tw65	405	10	maximising	maximise	VBG
cord-034205-53i2tw65	405	11	league	league	NN
cord-034205-53i2tw65	405	12	Manias	mania	NNS
cord-034205-53i2tw65	405	13	,	,	,
cord-034205-53i2tw65	405	14	panics	panic	NNS
cord-034205-53i2tw65	405	15	,	,	,
cord-034205-53i2tw65	405	16	and	and	CC
cord-034205-53i2tw65	405	17	crashes	crash	NNS
cord-034205-53i2tw65	405	18	-	-	:
cord-034205-53i2tw65	405	19	a	a	DT
cord-034205-53i2tw65	405	20	history	history	NN
cord-034205-53i2tw65	405	21	of	of	IN
cord-034205-53i2tw65	405	22	financial	financial	JJ
cord-034205-53i2tw65	405	23	crises	crisis	NNS
cord-034205-53i2tw65	405	24	,	,	.
cord-034205-53i2tw65	406	1	5th	5th	JJ
cord-034205-53i2tw65	406	2	edn	edn	NNP
cord-034205-53i2tw65	406	3	Resource	resource	NN
cord-034205-53i2tw65	406	4	-	-	HYPH
cord-034205-53i2tw65	406	5	constrained	constrain	VBN
cord-034205-53i2tw65	406	6	versus	versus	IN
cord-034205-53i2tw65	406	7	demand	demand	NN
cord-034205-53i2tw65	406	8	-	-	HYPH
cord-034205-53i2tw65	406	9	constrained	constrain	VBN
cord-034205-53i2tw65	406	10	systems	system	NNS
cord-034205-53i2tw65	406	11	Hard	hard	JJ
cord-034205-53i2tw65	406	12	"	"	''
cord-034205-53i2tw65	406	13	and	and	CC
cord-034205-53i2tw65	406	14	"	"	``
cord-034205-53i2tw65	406	15	Soft	soft	JJ
cord-034205-53i2tw65	406	16	"	"	''
cord-034205-53i2tw65	406	17	budget	budget	NN
cord-034205-53i2tw65	406	18	constraint	constraint	NN
cord-034205-53i2tw65	406	19	Fußball	Fußball	NNP
cord-034205-53i2tw65	406	20	in	in	IN
cord-034205-53i2tw65	406	21	England	England	NNP
cord-034205-53i2tw65	406	22	:	:	:
cord-034205-53i2tw65	406	23	finanzblase	finanzblase	NNP
cord-034205-53i2tw65	406	24	Premier	Premier	NNP
cord-034205-53i2tw65	406	25	League	League	NNP
cord-034205-53i2tw65	406	26	.	.	.
cord-034205-53i2tw65	407	1	FAZ	FAZ	NNP
cord-034205-53i2tw65	407	2	Online	online	RB
cord-034205-53i2tw65	408	1	An	an	DT
cord-034205-53i2tw65	408	2	assessment	assessment	NN
cord-034205-53i2tw65	408	3	of	of	IN
cord-034205-53i2tw65	408	4	the	the	DT
cord-034205-53i2tw65	408	5	new	new	JJ
cord-034205-53i2tw65	408	6	political	political	JJ
cord-034205-53i2tw65	408	7	economy	economy	NN
cord-034205-53i2tw65	408	8	:	:	:
cord-034205-53i2tw65	408	9	its	-PRON-	PRP$
cord-034205-53i2tw65	408	10	potential	potential	NN
cord-034205-53i2tw65	408	11	for	for	IN
cord-034205-53i2tw65	408	12	the	the	DT
cord-034205-53i2tw65	408	13	social	social	NNP
cord-034205-53i2tw65	408	14	sciences	sciences	NNPS
cord-034205-53i2tw65	408	15	and	and	CC
cord-034205-53i2tw65	408	16	for	for	IN
cord-034205-53i2tw65	408	17	sociology	sociology	NN
cord-034205-53i2tw65	408	18	in	in	IN
cord-034205-53i2tw65	408	19	particular	particular	JJ
cord-034205-53i2tw65	408	20	Superstar	Superstar	NNP
cord-034205-53i2tw65	408	21	effects	effect	NNS
cord-034205-53i2tw65	408	22	in	in	IN
cord-034205-53i2tw65	408	23	sport	sport	NN
cord-034205-53i2tw65	408	24	:	:	:
cord-034205-53i2tw65	408	25	evidence	evidence	NN
cord-034205-53i2tw65	408	26	from	from	IN
cord-034205-53i2tw65	408	27	Italian	italian	JJ
cord-034205-53i2tw65	408	28	Soccer	Soccer	NNP
cord-034205-53i2tw65	408	29	Grundzüge	Grundzüge	NNP
cord-034205-53i2tw65	408	30	der	der	NNP
cord-034205-53i2tw65	408	31	Volkswirtschaftslehre	Volkswirtschaftslehre	NNP
cord-034205-53i2tw65	408	32	,	,	,
cord-034205-53i2tw65	408	33	4th	4th	JJ
cord-034205-53i2tw65	408	34	edn	edn	NN
cord-034205-53i2tw65	408	35	.	.	.
cord-034205-53i2tw65	409	1	Schäffer	Schäffer	NNP
cord-034205-53i2tw65	409	2	-	-	HYPH
cord-034205-53i2tw65	409	3	Poeschel	Poeschel	NNP
cord-034205-53i2tw65	409	4	Verlag	Verlag	NNP
cord-034205-53i2tw65	409	5	,	,	,
cord-034205-53i2tw65	409	6	Stuttgart	Stuttgart	NNP
cord-034205-53i2tw65	409	7	Matschke	Matschke	NNP
cord-034205-53i2tw65	409	8	MJ	MJ	NNP
cord-034205-53i2tw65	409	9	(	(	-LRB-
cord-034205-53i2tw65	409	10	1979	1979	CD
cord-034205-53i2tw65	409	11	)	)	-RRB-
cord-034205-53i2tw65	410	1	Funktionale	Funktionale	NNP
cord-034205-53i2tw65	410	2	Unternehmensbewertung	Unternehmensbewertung	NNP
cord-034205-53i2tw65	410	3	-	-	HYPH
cord-034205-53i2tw65	410	4	Band	Band	NNP
cord-034205-53i2tw65	410	5	II	II	NNP
cord-034205-53i2tw65	410	6	Der	Der	NNP
cord-034205-53i2tw65	410	7	Arbitriumwert	Arbitriumwert	NNP
cord-034205-53i2tw65	410	8	der	der	NNP
cord-034205-53i2tw65	410	9	Unternehmung	Unternehmung	NNP
cord-034205-53i2tw65	410	10	Managing	Managing	NNP
cord-034205-53i2tw65	410	11	brand	brand	NN
cord-034205-53i2tw65	410	12	presence	presence	NN
cord-034205-53i2tw65	410	13	through	through	IN
cord-034205-53i2tw65	410	14	social	social	JJ
cord-034205-53i2tw65	410	15	media	medium	NNS
cord-034205-53i2tw65	411	1	:	:	:
cord-034205-53i2tw65	411	2	the	the	DT
cord-034205-53i2tw65	411	3	case	case	NN
cord-034205-53i2tw65	411	4	of	of	IN
cord-034205-53i2tw65	411	5	UK	UK	NNP
cord-034205-53i2tw65	411	6	football	football	NN
cord-034205-53i2tw65	411	7	clubs	club	NNS
cord-034205-53i2tw65	411	8	Die	die	VBP
cord-034205-53i2tw65	411	9	Wahrheit	Wahrheit	NNP
cord-034205-53i2tw65	411	10	über	über	NNP
cord-034205-53i2tw65	411	11	die	die	JJ
cord-034205-53i2tw65	412	1	Besitzer	Besitzer	NNP
cord-034205-53i2tw65	412	2	von	von	NNP
cord-034205-53i2tw65	412	3	Manchester	Manchester	NNP
cord-034205-53i2tw65	412	4	United	United	NNP
cord-034205-53i2tw65	412	5	:	:	:
cord-034205-53i2tw65	412	6	the	the	DT
cord-034205-53i2tw65	412	7	Dark	Dark	NNP
cord-034205-53i2tw65	412	8	Side	Side	NNP
cord-034205-53i2tw65	412	9	of	of	IN
cord-034205-53i2tw65	412	10	Blue	Blue	NNP
cord-034205-53i2tw65	412	11	.	.	.
cord-034205-53i2tw65	413	1	11Freunde	11freunde	CD
cord-034205-53i2tw65	413	2	Online	Online	NNP
cord-034205-53i2tw65	413	3	The	the	DT
cord-034205-53i2tw65	413	4	self	self	NN
cord-034205-53i2tw65	413	5	-	-	HYPH
cord-034205-53i2tw65	413	6	fulfilling	fulfil	VBG
cord-034205-53i2tw65	413	7	prophecy	prophecy	NN
cord-034205-53i2tw65	414	1	The	the	DT
cord-034205-53i2tw65	414	2	financial	financial	JJ
cord-034205-53i2tw65	414	3	-	-	HYPH
cord-034205-53i2tw65	414	4	instability	instability	NN
cord-034205-53i2tw65	414	5	hypothesis	hypothesis	NN
cord-034205-53i2tw65	414	6	:	:	:
cord-034205-53i2tw65	414	7	capitalist	capitalist	JJ
cord-034205-53i2tw65	414	8	processes	process	NNS
cord-034205-53i2tw65	414	9	and	and	CC
cord-034205-53i2tw65	414	10	the	the	DT
cord-034205-53i2tw65	414	11	behavior	behavior	NN
cord-034205-53i2tw65	414	12	of	of	IN
cord-034205-53i2tw65	414	13	the	the	DT
cord-034205-53i2tw65	414	14	economy	economy	NN
cord-034205-53i2tw65	414	15	.	.	.
cord-034205-53i2tw65	415	1	Hyman	Hyman	NNP
cord-034205-53i2tw65	415	2	P.	P.	NNP
cord-034205-53i2tw65	415	3	Minsky	Minsky	NNP
cord-034205-53i2tw65	416	1	Archive	Archive	NNP
cord-034205-53i2tw65	416	2	Paper	Paper	NNP
cord-034205-53i2tw65	416	3	No	no	NN
cord-034205-53i2tw65	416	4	.	.	NN
cord-034205-53i2tw65	416	5	282	282	CD
cord-034205-53i2tw65	416	6	Football	football	NN
cord-034205-53i2tw65	416	7	players	player	NNS
cord-034205-53i2tw65	416	8	as	as	IN
cord-034205-53i2tw65	416	9	human	human	JJ
cord-034205-53i2tw65	416	10	assets	asset	NNS
cord-034205-53i2tw65	416	11	.	.	.
cord-034205-53i2tw65	417	1	Measurement	measurement	NN
cord-034205-53i2tw65	417	2	as	as	IN
cord-034205-53i2tw65	417	3	the	the	DT
cord-034205-53i2tw65	417	4	critical	critical	JJ
cord-034205-53i2tw65	417	5	factor	factor	NN
cord-034205-53i2tw65	417	6	in	in	IN
cord-034205-53i2tw65	417	7	asset	asset	NN
cord-034205-53i2tw65	417	8	recognition	recognition	NN
cord-034205-53i2tw65	417	9	:	:	:
cord-034205-53i2tw65	417	10	a	a	DT
cord-034205-53i2tw65	417	11	case	case	NN
cord-034205-53i2tw65	417	12	study	study	NN
cord-034205-53i2tw65	417	13	investigation	investigation	NN
cord-034205-53i2tw65	418	1	Legal	legal	JJ
cord-034205-53i2tw65	418	2	restrictions	restriction	NNS
cord-034205-53i2tw65	418	3	on	on	IN
cord-034205-53i2tw65	418	4	buyout	buyout	NN
cord-034205-53i2tw65	418	5	fees	fee	NNS
cord-034205-53i2tw65	418	6	:	:	:
cord-034205-53i2tw65	418	7	theory	theory	NN
cord-034205-53i2tw65	418	8	and	and	CC
cord-034205-53i2tw65	418	9	evidence	evidence	NN
cord-034205-53i2tw65	418	10	from	from	IN
cord-034205-53i2tw65	418	11	German	german	JJ
cord-034205-53i2tw65	418	12	soccer	soccer	NN
cord-034205-53i2tw65	418	13	.	.	.
cord-034205-53i2tw65	419	1	IZA	IZA	NNP
cord-034205-53i2tw65	419	2	Discussion	Discussion	NNP
cord-034205-53i2tw65	419	3	Papers	Papers	NNPS
cord-034205-53i2tw65	420	1	No	no	UH
cord-034205-53i2tw65	420	2	.	.	.
cord-034205-53i2tw65	421	1	1180	1180	CD
cord-034205-53i2tw65	421	2	Beyond	beyond	IN
cord-034205-53i2tw65	421	3	crowd	crowd	NN
cord-034205-53i2tw65	421	4	judgments	judgment	NNS
cord-034205-53i2tw65	421	5	:	:	:
cord-034205-53i2tw65	421	6	data	data	NN
cord-034205-53i2tw65	421	7	-	-	HYPH
cord-034205-53i2tw65	421	8	driven	drive	VBN
cord-034205-53i2tw65	421	9	estimation	estimation	NN
cord-034205-53i2tw65	421	10	of	of	IN
cord-034205-53i2tw65	421	11	market	market	NN
cord-034205-53i2tw65	421	12	value	value	NN
cord-034205-53i2tw65	421	13	in	in	IN
cord-034205-53i2tw65	421	14	association	association	NN
cord-034205-53i2tw65	421	15	football	football	NN
cord-034205-53i2tw65	421	16	Bankrotter	Bankrotter	NNP
cord-034205-53i2tw65	421	17	Traditionsclub	Traditionsclub	NNP
cord-034205-53i2tw65	421	18	:	:	:
cord-034205-53i2tw65	421	19	der	der	NNP
cord-034205-53i2tw65	421	20	Untergang	Untergang	NNP
cord-034205-53i2tw65	421	21	des	des	NNP
cord-034205-53i2tw65	421	22	FC	FC	NNP
cord-034205-53i2tw65	421	23	Parma	Parma	NNP
cord-034205-53i2tw65	421	24	.	.	.
cord-034205-53i2tw65	422	1	Spiegel	Spiegel	NNP
cord-034205-53i2tw65	422	2	Online	Online	NNP
cord-034205-53i2tw65	423	1	Who	who	WP
cord-034205-53i2tw65	423	2	owns	own	VBZ
cord-034205-53i2tw65	423	3	England	England	NNP
cord-034205-53i2tw65	423	4	's	's	POS
cord-034205-53i2tw65	423	5	game	game	NN
cord-034205-53i2tw65	423	6	?	?	.
cord-034205-53i2tw65	424	1	American	american	JJ
cord-034205-53i2tw65	424	2	professional	professional	JJ
cord-034205-53i2tw65	424	3	sporting	sport	VBG
cord-034205-53i2tw65	424	4	influences	influence	NNS
cord-034205-53i2tw65	424	5	and	and	CC
cord-034205-53i2tw65	424	6	foreign	foreign	JJ
cord-034205-53i2tw65	424	7	ownership	ownership	NN
cord-034205-53i2tw65	424	8	in	in	IN
cord-034205-53i2tw65	424	9	the	the	DT
cord-034205-53i2tw65	424	10	Premier	Premier	NNP
cord-034205-53i2tw65	424	11	League	League	NNP
cord-034205-53i2tw65	424	12	Zur	Zur	NNP
cord-034205-53i2tw65	424	13	Bedeutung	Bedeutung	NNP
cord-034205-53i2tw65	424	14	des	des	FW
cord-034205-53i2tw65	424	15	Börsenkurses	Börsenkurses	NNP
cord-034205-53i2tw65	424	16	für	für	IN
cord-034205-53i2tw65	424	17	die	die	VBP
cord-034205-53i2tw65	424	18	Bewertung	Bewertung	NNP
cord-034205-53i2tw65	424	19	von	von	NNP
cord-034205-53i2tw65	424	20	Unternehmungen	Unternehmungen	NNP
cord-034205-53i2tw65	424	21	und	und	IN
cord-034205-53i2tw65	424	22	Unternehmungsanteilen	Unternehmungsanteilen	NNP
cord-034205-53i2tw65	424	23	Sociology	Sociology	NNP
cord-034205-53i2tw65	424	24	and	and	CC
cord-034205-53i2tw65	424	25	economic	economic	JJ
cord-034205-53i2tw65	424	26	man	man	NN
cord-034205-53i2tw65	425	1	A	a	DT
cord-034205-53i2tw65	425	2	note	note	NN
cord-034205-53i2tw65	425	3	on	on	IN
cord-034205-53i2tw65	425	4	forecasting	forecast	VBG
cord-034205-53i2tw65	425	5	emerging	emerge	VBG
cord-034205-53i2tw65	425	6	market	market	NN
cord-034205-53i2tw65	425	7	exchange	exchange	NN
cord-034205-53i2tw65	425	8	rates	rate	NNS
cord-034205-53i2tw65	425	9	:	:	:
cord-034205-53i2tw65	425	10	evidence	evidence	NN
cord-034205-53i2tw65	425	11	on	on	IN
cord-034205-53i2tw65	425	12	anti	anti	JJ
cord-034205-53i2tw65	425	13	-	-	JJ
cord-034205-53i2tw65	425	14	herding	herding	JJ
cord-034205-53i2tw65	425	15	Information	information	NN
cord-034205-53i2tw65	425	16	precision	precision	NN
cord-034205-53i2tw65	425	17	in	in	IN
cord-034205-53i2tw65	425	18	online	online	JJ
cord-034205-53i2tw65	425	19	communities	community	NNS
cord-034205-53i2tw65	425	20	:	:	:
cord-034205-53i2tw65	425	21	player	player	NN
cord-034205-53i2tw65	425	22	valuations	valuation	NNS
cord-034205-53i2tw65	425	23	on	on	IN
cord-034205-53i2tw65	425	24	www.transfermarkt.de	www.transfermarkt.de	NNP
cord-034205-53i2tw65	425	25	Status	status	NN
cord-034205-53i2tw65	425	26	quo	quo	NN
cord-034205-53i2tw65	425	27	of	of	IN
cord-034205-53i2tw65	425	28	media	medium	NNS
cord-034205-53i2tw65	425	29	rights	right	NNS
cord-034205-53i2tw65	425	30	in	in	IN
cord-034205-53i2tw65	425	31	European	european	JJ
cord-034205-53i2tw65	425	32	football	football	NN
cord-034205-53i2tw65	425	33	:	:	:
cord-034205-53i2tw65	425	34	can	can	MD
cord-034205-53i2tw65	425	35	we	-PRON-	PRP
cord-034205-53i2tw65	425	36	do	do	VB
cord-034205-53i2tw65	425	37	better	well	RBR
cord-034205-53i2tw65	425	38	than	than	IN
cord-034205-53i2tw65	425	39	no	no	DT
cord-034205-53i2tw65	425	40	-	-	HYPH
cord-034205-53i2tw65	425	41	single	single	JJ
cord-034205-53i2tw65	425	42	-	-	HYPH
cord-034205-53i2tw65	425	43	buyer	buyer	NN
cord-034205-53i2tw65	425	44	rule	rule	NN
cord-034205-53i2tw65	425	45	?	?	.
cord-034205-53i2tw65	426	1	Performance	performance	NN
cord-034205-53i2tw65	426	2	indicators	indicator	NNS
cord-034205-53i2tw65	426	3	in	in	IN
cord-034205-53i2tw65	426	4	football	football	NN
cord-034205-53i2tw65	426	5	:	:	:
cord-034205-53i2tw65	427	1	the	the	DT
cord-034205-53i2tw65	427	2	importance	importance	NN
cord-034205-53i2tw65	427	3	of	of	IN
cord-034205-53i2tw65	427	4	actual	actual	JJ
cord-034205-53i2tw65	427	5	performance	performance	NN
cord-034205-53i2tw65	427	6	for	for	IN
cord-034205-53i2tw65	427	7	the	the	DT
cord-034205-53i2tw65	427	8	market	market	NN
cord-034205-53i2tw65	427	9	value	value	NN
cord-034205-53i2tw65	427	10	of	of	IN
cord-034205-53i2tw65	427	11	football	football	NN
cord-034205-53i2tw65	427	12	players	player	NNS
cord-034205-53i2tw65	428	1	The	the	DT
cord-034205-53i2tw65	428	2	financial	financial	JJ
cord-034205-53i2tw65	428	3	impact	impact	NN
cord-034205-53i2tw65	428	4	of	of	IN
cord-034205-53i2tw65	428	5	(	(	-LRB-
cord-034205-53i2tw65	428	6	foreign	foreign	JJ
cord-034205-53i2tw65	428	7	)	)	-RRB-
cord-034205-53i2tw65	428	8	private	private	JJ
cord-034205-53i2tw65	428	9	investors	investor	NNS
cord-034205-53i2tw65	428	10	on	on	IN
cord-034205-53i2tw65	428	11	team	team	NN
cord-034205-53i2tw65	428	12	investments	investment	NNS
cord-034205-53i2tw65	428	13	and	and	CC
cord-034205-53i2tw65	428	14	profits	profit	NNS
cord-034205-53i2tw65	428	15	in	in	IN
cord-034205-53i2tw65	428	16	professional	professional	JJ
cord-034205-53i2tw65	428	17	football	football	NN
cord-034205-53i2tw65	428	18	:	:	:
cord-034205-53i2tw65	428	19	empirical	empirical	JJ
cord-034205-53i2tw65	428	20	evidence	evidence	NN
cord-034205-53i2tw65	428	21	from	from	IN
cord-034205-53i2tw65	428	22	the	the	DT
cord-034205-53i2tw65	428	23	premier	premier	NNP
cord-034205-53i2tw65	428	24	league	league	NNP
cord-034205-53i2tw65	429	1	The	the	DT
cord-034205-53i2tw65	429	2	market	market	NN
cord-034205-53i2tw65	429	3	for	for	IN
cord-034205-53i2tw65	429	4	football	football	NN
cord-034205-53i2tw65	429	5	club	club	NN
cord-034205-53i2tw65	429	6	investors	investor	NNS
cord-034205-53i2tw65	429	7	:	:	:
cord-034205-53i2tw65	429	8	a	a	DT
cord-034205-53i2tw65	429	9	review	review	NN
cord-034205-53i2tw65	429	10	of	of	IN
cord-034205-53i2tw65	429	11	theory	theory	NN
cord-034205-53i2tw65	429	12	and	and	CC
cord-034205-53i2tw65	429	13	empirical	empirical	JJ
cord-034205-53i2tw65	429	14	evidence	evidence	NN
cord-034205-53i2tw65	429	15	from	from	IN
cord-034205-53i2tw65	429	16	professional	professional	JJ
cord-034205-53i2tw65	429	17	European	european	JJ
cord-034205-53i2tw65	429	18	football	football	NN
cord-034205-53i2tw65	430	1	The	the	DT
cord-034205-53i2tw65	430	2	economics	economic	NNS
cord-034205-53i2tw65	430	3	of	of	IN
cord-034205-53i2tw65	430	4	superstars	superstar	NNS
cord-034205-53i2tw65	431	1	A	a	DT
cord-034205-53i2tw65	431	2	Minsky	Minsky	NNP
cord-034205-53i2tw65	431	3	-	-	HYPH
cord-034205-53i2tw65	431	4	Kindleberger	Kindleberger	NNP
cord-034205-53i2tw65	431	5	perspective	perspective	NN
cord-034205-53i2tw65	431	6	on	on	IN
cord-034205-53i2tw65	431	7	the	the	DT
cord-034205-53i2tw65	431	8	financial	financial	JJ
cord-034205-53i2tw65	431	9	crisis	crisis	NN
cord-034205-53i2tw65	432	1	The	the	DT
cord-034205-53i2tw65	432	2	East	east	JJ
cord-034205-53i2tw65	432	3	Asian	asian	JJ
cord-034205-53i2tw65	432	4	crisis	crisis	NN
cord-034205-53i2tw65	432	5	in	in	IN
cord-034205-53i2tw65	432	6	Kindleberger	Kindleberger	NNP
cord-034205-53i2tw65	432	7	-	-	HYPH
cord-034205-53i2tw65	432	8	Minskys	Minskys	NNP
cord-034205-53i2tw65	432	9	framework	framework	NN
cord-034205-53i2tw65	432	10	Insolvency	Insolvency	NNP
cord-034205-53i2tw65	432	11	in	in	IN
cord-034205-53i2tw65	432	12	French	french	JJ
cord-034205-53i2tw65	432	13	soccer	soccer	NN
cord-034205-53i2tw65	432	14	:	:	:
cord-034205-53i2tw65	433	1	the	the	DT
cord-034205-53i2tw65	433	2	case	case	NN
cord-034205-53i2tw65	433	3	of	of	IN
cord-034205-53i2tw65	433	4	payment	payment	NN
cord-034205-53i2tw65	433	5	failure	failure	NN
cord-034205-53i2tw65	433	6	Walk	walk	VBP
cord-034205-53i2tw65	433	7	the	the	DT
cord-034205-53i2tw65	433	8	talk	talk	NN
cord-034205-53i2tw65	433	9	:	:	:
cord-034205-53i2tw65	433	10	financial	financial	JJ
cord-034205-53i2tw65	433	11	fairness	fairness	NN
cord-034205-53i2tw65	433	12	in	in	IN
cord-034205-53i2tw65	433	13	European	european	JJ
cord-034205-53i2tw65	433	14	club	club	NN
cord-034205-53i2tw65	433	15	football	football	NN
cord-034205-53i2tw65	433	16	Princeton	Princeton	NNP
cord-034205-53i2tw65	433	17	Sloane	Sloane	NNP
cord-034205-53i2tw65	433	18	PJ	PJ	NNP
cord-034205-53i2tw65	433	19	(	(	-LRB-
cord-034205-53i2tw65	433	20	1971	1971	CD
cord-034205-53i2tw65	433	21	)	)	-RRB-
cord-034205-53i2tw65	434	1	The	the	DT
cord-034205-53i2tw65	434	2	economics	economic	NNS
cord-034205-53i2tw65	434	3	of	of	IN
cord-034205-53i2tw65	434	4	professional	professional	JJ
cord-034205-53i2tw65	434	5	football	football	NN
cord-034205-53i2tw65	434	6	:	:	:
cord-034205-53i2tw65	434	7	the	the	DT
cord-034205-53i2tw65	434	8	football	football	NN
cord-034205-53i2tw65	434	9	clubs	club	NNS
cord-034205-53i2tw65	434	10	as	as	IN
cord-034205-53i2tw65	434	11	a	a	DT
cord-034205-53i2tw65	434	12	utility	utility	NN
cord-034205-53i2tw65	434	13	maximiser	maximiser	NN
cord-034205-53i2tw65	435	1	The	the	DT
cord-034205-53i2tw65	435	2	economics	economic	NNS
cord-034205-53i2tw65	435	3	of	of	IN
cord-034205-53i2tw65	435	4	professional	professional	JJ
cord-034205-53i2tw65	435	5	football	football	NN
cord-034205-53i2tw65	435	6	revisited	revisit	VBN
cord-034205-53i2tw65	436	1	Has	have	VBZ
cord-034205-53i2tw65	436	2	the	the	DT
cord-034205-53i2tw65	436	3	Premier	Premier	NNP
cord-034205-53i2tw65	436	4	League	League	NNP
cord-034205-53i2tw65	436	5	transfer	transfer	NN
cord-034205-53i2tw65	436	6	bubble	bubble	NN
cord-034205-53i2tw65	436	7	burst	burst	NN
cord-034205-53i2tw65	436	8	?	?	.
cord-034205-53i2tw65	437	1	The	the	DT
cord-034205-53i2tw65	437	2	New	New	NNP
cord-034205-53i2tw65	437	3	York	York	NNP
cord-034205-53i2tw65	437	4	Times	Times	NNP
cord-034205-53i2tw65	437	5	Evidence	evidence	NN
cord-034205-53i2tw65	437	6	of	of	IN
cord-034205-53i2tw65	437	7	fueling	fueling	NN
cord-034205-53i2tw65	437	8	of	of	IN
cord-034205-53i2tw65	437	9	the	the	DT
cord-034205-53i2tw65	437	10	2000	2000	CD
cord-034205-53i2tw65	437	11	new	new	JJ
cord-034205-53i2tw65	437	12	economy	economy	NN
cord-034205-53i2tw65	437	13	bubble	bubble	NN
cord-034205-53i2tw65	437	14	by	by	IN
cord-034205-53i2tw65	437	15	foreign	foreign	JJ
cord-034205-53i2tw65	437	16	capital	capital	NN
cord-034205-53i2tw65	437	17	inflow	inflow	NN
cord-034205-53i2tw65	437	18	:	:	:
cord-034205-53i2tw65	437	19	implications	implication	NNS
cord-034205-53i2tw65	437	20	for	for	IN
cord-034205-53i2tw65	437	21	the	the	DT
cord-034205-53i2tw65	437	22	future	future	NN
cord-034205-53i2tw65	437	23	of	of	IN
cord-034205-53i2tw65	437	24	the	the	DT
cord-034205-53i2tw65	437	25	US	US	NNP
cord-034205-53i2tw65	437	26	economy	economy	NN
cord-034205-53i2tw65	437	27	and	and	CC
cord-034205-53i2tw65	437	28	its	-PRON-	PRP$
cord-034205-53i2tw65	437	29	stock	stock	NN
cord-034205-53i2tw65	437	30	market	market	NN
cord-034205-53i2tw65	437	31	Football	football	NN
cord-034205-53i2tw65	437	32	league	league	NN
cord-034205-53i2tw65	437	33	transfers	transfer	NNS
cord-034205-53i2tw65	437	34	:	:	:
cord-034205-53i2tw65	437	35	a	a	DT
cord-034205-53i2tw65	437	36	comparison	comparison	NN
cord-034205-53i2tw65	437	37	of	of	IN
cord-034205-53i2tw65	437	38	negotiated	negotiate	VBN
cord-034205-53i2tw65	437	39	fees	fee	NNS
cord-034205-53i2tw65	437	40	with	with	IN
cord-034205-53i2tw65	437	41	arbitration	arbitration	NN
cord-034205-53i2tw65	437	42	settlements	settlement	NNS
cord-034205-53i2tw65	437	43	Herding	herd	VBG
cord-034205-53i2tw65	437	44	in	in	IN
cord-034205-53i2tw65	437	45	financial	financial	JJ
cord-034205-53i2tw65	437	46	markets	market	NNS
cord-034205-53i2tw65	437	47	:	:	:
cord-034205-53i2tw65	437	48	a	a	DT
cord-034205-53i2tw65	437	49	review	review	NN
cord-034205-53i2tw65	437	50	of	of	IN
cord-034205-53i2tw65	437	51	the	the	DT
cord-034205-53i2tw65	437	52	literature	literature	NN
cord-034205-53i2tw65	437	53	Soft	soft	JJ
cord-034205-53i2tw65	437	54	budget	budget	NN
cord-034205-53i2tw65	437	55	constraints	constraint	NNS
cord-034205-53i2tw65	437	56	in	in	IN
cord-034205-53i2tw65	437	57	professional	professional	JJ
cord-034205-53i2tw65	437	58	football	football	NN
cord-034205-53i2tw65	437	59	Entry	entry	NN
cord-034205-53i2tw65	437	60	into	into	IN
cord-034205-53i2tw65	437	61	exit	exit	NN
cord-034205-53i2tw65	437	62	:	:	:
cord-034205-53i2tw65	437	63	insolvency	insolvency	NN
cord-034205-53i2tw65	437	64	in	in	IN
cord-034205-53i2tw65	437	65	English	English	NNP
cord-034205-53i2tw65	437	66	Professional	Professional	NNP
cord-034205-53i2tw65	437	67	Football	Football	NNP
cord-034205-53i2tw65	437	68	Insolvencies	Insolvencies	NNP
cord-034205-53i2tw65	437	69	in	in	IN
cord-034205-53i2tw65	437	70	professional	professional	JJ
cord-034205-53i2tw65	437	71	football	football	NN
cord-034205-53i2tw65	437	72	:	:	:
cord-034205-53i2tw65	437	73	a	a	DT
cord-034205-53i2tw65	437	74	German	german	JJ
cord-034205-53i2tw65	437	75	Sonderweg	Sonderweg	NNP
cord-034205-53i2tw65	437	76	?	?	.
cord-034205-53i2tw65	438	1	Transfereinnahmen	transfereinnahman	NNS
cord-034205-53i2tw65	438	2	und	und	IN
cord-034205-53i2tw65	439	1	-ausgaben	-ausgaben	:
cord-034205-53i2tw65	439	2	Valuations	valuation	NNS
cord-034205-53i2tw65	439	3	of	of	IN
cord-034205-53i2tw65	439	4	soccer	soccer	NN
cord-034205-53i2tw65	439	5	players	player	NNS
cord-034205-53i2tw65	439	6	from	from	IN
cord-034205-53i2tw65	439	7	statistical	statistical	JJ
cord-034205-53i2tw65	439	8	performance	performance	NN
cord-034205-53i2tw65	439	9	data	datum	NNS
cord-034205-53i2tw65	440	1	The	the	DT
cord-034205-53i2tw65	440	2	European	European	NNP
cord-034205-53i2tw65	440	3	Club	Club	NNP
cord-034205-53i2tw65	440	4	footballing	footballing	JJ
cord-034205-53i2tw65	440	5	landscape	landscape	NN
cord-034205-53i2tw65	440	6	financial	financial	JJ
cord-034205-53i2tw65	440	7	year	year	NN
cord-034205-53i2tw65	441	1	The	the	DT
cord-034205-53i2tw65	441	2	European	European	NNP
cord-034205-53i2tw65	441	3	Club	Club	NNP
cord-034205-53i2tw65	441	4	footballing	footballing	JJ
cord-034205-53i2tw65	441	5	landscape	landscape	NN
cord-034205-53i2tw65	441	6	financial	financial	JJ
cord-034205-53i2tw65	441	7	year	year	NN
cord-034205-53i2tw65	441	8	2016	2016	CD
cord-034205-53i2tw65	442	1	The	the	DT
cord-034205-53i2tw65	442	2	European	European	NNP
cord-034205-53i2tw65	442	3	Club	Club	NNP
cord-034205-53i2tw65	442	4	footballing	footballing	JJ
cord-034205-53i2tw65	442	5	landscape	landscape	NN
cord-034205-53i2tw65	442	6	financial	financial	JJ
cord-034205-53i2tw65	442	7	year	year	NN
cord-034205-53i2tw65	442	8	2017	2017	CD
cord-034205-53i2tw65	442	9	UEFA	UEFA	NNP
cord-034205-53i2tw65	442	10	(	(	-LRB-
cord-034205-53i2tw65	442	11	2020	2020	CD
cord-034205-53i2tw65	442	12	)	)	-RRB-
cord-034205-53i2tw65	443	1	The	the	DT
cord-034205-53i2tw65	443	2	European	European	NNP
cord-034205-53i2tw65	443	3	Club	Club	NNP
cord-034205-53i2tw65	443	4	footballing	footballing	JJ
cord-034205-53i2tw65	443	5	landscape	landscape	NN
cord-034205-53i2tw65	443	6	financial	financial	JJ
cord-034205-53i2tw65	444	1	The	the	DT
cord-034205-53i2tw65	444	2	theory	theory	NN
cord-034205-53i2tw65	444	3	of	of	IN
cord-034205-53i2tw65	444	4	the	the	DT
cord-034205-53i2tw65	444	5	leisure	leisure	NN
cord-034205-53i2tw65	444	6	class	class	NN
cord-034205-53i2tw65	444	7	:	:	:
cord-034205-53i2tw65	444	8	an	an	DT
cord-034205-53i2tw65	444	9	economic	economic	JJ
cord-034205-53i2tw65	444	10	study	study	NN
cord-034205-53i2tw65	444	11	of	of	IN
cord-034205-53i2tw65	444	12	institutions	institution	NNS
cord-034205-53i2tw65	445	1	Clear	clear	JJ
cord-034205-53i2tw65	445	2	vision	vision	NN
cord-034205-53i2tw65	445	3	with	with	IN
cord-034205-53i2tw65	445	4	transfer	transfer	NN
cord-034205-53i2tw65	445	5	windows	windows	NNP
cord-034205-53i2tw65	445	6	Fananleihen	Fananleihen	NNP
cord-034205-53i2tw65	445	7	als	als	NNP
cord-034205-53i2tw65	445	8	Finanzierungsmöglichkeit	Finanzierungsmöglichkeit	NNP
cord-034205-53i2tw65	445	9	von	von	NNP
cord-034205-53i2tw65	445	10	Sportclubs	Sportclubs	NNP
cord-034205-53i2tw65	445	11	?	?	.
cord-034205-53i2tw65	446	1	Eine	Eine	NNP
cord-034205-53i2tw65	446	2	Bestandsaufnahme	Bestandsaufnahme	NNP
cord-034205-53i2tw65	446	3	am	be	VBP
cord-034205-53i2tw65	446	4	Beispiel	Beispiel	NNP
cord-034205-53i2tw65	446	5	der	der	NNP
cord-034205-53i2tw65	446	6	Fußballbundesliga	Fußballbundesliga	NNP
cord-034205-53i2tw65	446	7	Moneyball	Moneyball	NNP
cord-034205-53i2tw65	446	8	revisited	revisit	VBD
cord-034205-53i2tw65	446	9	:	:	:
cord-034205-53i2tw65	446	10	effort	effort	NN
cord-034205-53i2tw65	446	11	and	and	CC
cord-034205-53i2tw65	446	12	team	team	NN
cord-034205-53i2tw65	446	13	performance	performance	NN
cord-034205-53i2tw65	446	14	in	in	IN
cord-034205-53i2tw65	446	15	professional	professional	JJ
cord-034205-53i2tw65	446	16	soccer	soccer	NN
cord-034205-53i2tw65	446	17	No	no	DT
cord-034205-53i2tw65	446	18	pain	pain	NN
cord-034205-53i2tw65	446	19	,	,	,
cord-034205-53i2tw65	446	20	no	no	DT
cord-034205-53i2tw65	446	21	gain	gain	NN
cord-034205-53i2tw65	446	22	?	?	.
cord-034205-53i2tw65	447	1	Effort	effort	NN
cord-034205-53i2tw65	447	2	and	and	CC
cord-034205-53i2tw65	447	3	productivity	productivity	NN
cord-034205-53i2tw65	447	4	in	in	IN
cord-034205-53i2tw65	447	5	professional	professional	JJ
cord-034205-53i2tw65	447	6	soccer	soccer	NN
cord-034205-53i2tw65	448	1	We	-PRON-	PRP
cord-034205-53i2tw65	448	2	thank	thank	VBP
cord-034205-53i2tw65	448	3	three	three	CD
cord-034205-53i2tw65	448	4	anonymous	anonymous	JJ
cord-034205-53i2tw65	448	5	reviewers	reviewer	NNS
cord-034205-53i2tw65	448	6	and	and	CC
cord-034205-53i2tw65	448	7	Christian	Christian	NNP
cord-034205-53i2tw65	448	8	Pierdzioch	Pierdzioch	NNP
cord-034205-53i2tw65	448	9	for	for	IN
cord-034205-53i2tw65	448	10	their	-PRON-	PRP$
cord-034205-53i2tw65	448	11	valuable	valuable	JJ
cord-034205-53i2tw65	448	12	suggestions	suggestion	NNS
cord-034205-53i2tw65	448	13	.	.	.
cord-034205-53i2tw65	449	1	Funding	funding	NN
cord-034205-53i2tw65	450	1	No	no	DT
cord-034205-53i2tw65	450	2	funding	funding	NN
cord-034205-53i2tw65	450	3	has	have	VBZ
cord-034205-53i2tw65	450	4	been	be	VBN
cord-034205-53i2tw65	450	5	requested	request	VBN
cord-034205-53i2tw65	450	6	.	.	.
cord-034205-53i2tw65	451	1	Conflict	conflict	NN
cord-034205-53i2tw65	451	2	of	of	IN
cord-034205-53i2tw65	451	3	interest	interest	NN
cord-034205-53i2tw65	452	1	The	the	DT
cord-034205-53i2tw65	452	2	authors	author	NNS
cord-034205-53i2tw65	452	3	declare	declare	VBP
cord-034205-53i2tw65	452	4	that	that	IN
cord-034205-53i2tw65	452	5	they	-PRON-	PRP
cord-034205-53i2tw65	452	6	have	have	VBP
cord-034205-53i2tw65	452	7	no	no	DT
cord-034205-53i2tw65	452	8	conflict	conflict	NN
cord-034205-53i2tw65	452	9	of	of	IN
cord-034205-53i2tw65	452	10	interest	interest	NN
cord-034205-53i2tw65	452	11	.	.	.