Abstract

ABSTRACT By finishing third rather than second in the group-stage of the Union of European Football Associations (UEFA) Champions League (CL), teams drop down to participate in the Europa league (EL), theoretically a weaker pan-European cup competition. Win-maximisers may adopt this tactic if success matters, as only four teams have won the CL when finishing second in their group. However, prior research finds that teams that play in the CL receive spill-over effects that improve domestic performance. In contrast, this paper finds that domestic performance is unharmed when dropping into the EL, suggesting that the spill-over benefits from CL participation occur in the group-phase.

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