76-vol. 38, no. 2, july-december, 2023
Articles

Who is the greatest team in Liga MX? A dynamic analysis

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  • Francisco Corona,
  • Nelson Muriel,
  • Jesús López-Pérez
Francisco Corona
Instituto Nacional de Estadística y Geografía
Nelson Muriel
Universidad Iberoamericana
Jesús López-Pérez
Instituto Nacional de Estadística y Geografía
DOI: https://doi.org/10.24201/ee.v38i2.442

Published 2023-07-20

Keywords

  • financial variables,
  • football,
  • greatness,
  • popularity,
  • principal components analysis

How to Cite

Corona, F., Muriel, N., & López-Pérez, J. (2023). Who is the greatest team in Liga MX? A dynamic analysis. Estudios Económicos De El Colegio De México, 38(2), 225–260. https://doi.org/10.24201/ee.v38i2.442

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Abstract

In this paper, we conduct a statistical procedure to respond a very frequent question in Mexican sport media TV: Who is the greatest team in Liga MX? For this purpose, we apply Principal Components to a historical domestic and international results database along with variables related to the fans and the market value of the franchises’ roster from 2011-2019. The results allow us to analyze the evolution of the “greatness” latent variable over time, concluding that, in the window of time analyzed, Club América is the greatest team, followed by C.D. Guadalajara and C.F. Cruz Azul. Additionally, nowadays, Club Tigres de la Universidad Autónoma de Nuevo León and C.F. Monterrey displace teams like Deportivo Toluca F.C. and Club Universidad Nacional.

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