One of the most compelling features of football and some rugby leagues around the world is the seasonal battle for promotion and relegation, where the anticipation and anxiety involved can define a whole season and becomes a shared experience between all those involved with a club.
The financial consequences of relegation for a club can be severe, with a substantial reduction in the share of a league’s broadcasting revenue coinciding with other financial kicks while the club is down, such as significant falls in income from sponsors, gate receipts and merchandising.
