Thursday, 26 March 2009
Points mean prizes?
In leagues and competitions such as English football's Premier League, the rules for awarding prize money to clubs for attaining a particular league position are clear and open. In other sports, including the Formula 1 World Championship, there is apparently not the same transparency and openess in detailing how prize money is allocated to teams. Which approach is the right one? What are advantages and disadvantages of being open and transparent? Similarly, isn't it best simply for the teams and federations to deal with such matters between themselves, and is there any need for the public or other external stakeholders to know how prize money is allocated?
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i think its certainly easier for the participating teams to target results and budget finances when they know the details of the prizes. and about the need for the others to know, i think its just as irrelevant as my knowledge of how much money barcelona pays messi per week, but makes for good conversation. :)
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