In the literature of sports economics, several studies ave identified significant differences between the American and the European sports model. The purpose of this study was to explore and examine perspective on team ownership, competitive balance and event impacts between the American and the European sports model. The most striking difference between the American and the European sports system is league design. While the American major leagues are closed leagues, European leagues are open leagues. Moreover, European soccer leagues provide greater incentives for good table rankings than U.S. major league. In conclusion, two important empirical facts can be derived from the above findings: first, the within-season competitive balance in the European soccer league is higher than that in the U.S. major league and second, the Big Five European soccer leagues are dominated to a much greater extent by one or a few teams than in the case in the U.S. major league. Regarding long-term dominance, the method of electing the champion, which differs between U.S. and European leagues, must be examined.