Sunday, May 13, 2012

sixth week article post (late)

Turkish Title Winner Celebrates Boom in Product Sales 
http://www.hurriyetdailynews.com/turkish-title-winner-celebrates-boom-in-product-sales.aspx?pageID=238&nID=20662&NewsCatID=345

Galatasaray, a Turkish professional Soccer Club based in Istanbul won the Turkish Leage title and has now seen a jump in team related products with total turnover increasing by 250 percent.  This is a simple case of supply and demand.  Demand for Galatasaray related products is directly related to the performance of the club, and with a successful year leading up to a championship, demand has become very high.  I imagine that with all sports teams, there is a base of faithful fans who will always be customers, but that the most profits are on fans who buy products for teams that are successful at that time.  This must be why coaches are payed so heavily for being successful, because their success leads to huge economic success for the club. 

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