FiT Publishing

This study measures the impact of Financial Fair Play (FFP) in the Spanish football league by considering three objectives: (1) the probability of qualifying for European competition, (2) if sporting objectives can be related to the financial situation of the clubs, and (3) changes in the financial-accounting structure. The sample contains 176 observations from 13 Spanish clubs between 2004‒2019. The empirical findings reveal that the likelihood of qualifying for European competition is sensitive to certain financial items. It was found that the greater the intangible assets were (pre-FFP...Read more

This paper critically analyzes the rules of the UEFA financial regulatory system for football clubs known as Financial Fair Play (FFP). I argue that the objectives of FFP are not really fairness but financial efficiency and that the rules are unlikely to achieve efficiency. I also contend that even from the perspective of fairness, the rules do little more than substitute one form of inequality for another. Finally I briefly assess the implications for the competition law challenge that was launched in May 2013 against the FFP breakeven rule.Read more

The new UEFA Club Licensing and Financial Fair Play Regulations have encountered stiff criticism. The concerns are that the new regulations may harm football in three different ways: By forgoing the potential benefits from substantial injections of “external” money into payrolls, by restricting competition in the player market without at the same time achieving benefits from more balanced competition, and by creating some sort of barrier to entry which could “freeze” the current hierarchy of clubs. It is the purpose of this paper to take these concerns as a starting point for discussing...Read more

In response to the severe financial plight of many clubs that regularly take part in European competitions, UEFA developed the concept of Financial Fair Play as an extension of its licensing regulations. The aim of the concept is to curtail financial foul play in European football (nonpayment of liabilities owing to rival clubs or employees) and financial doping (excessive funding provided to cover losses arising from expenses for playing talent not balanced by revenues). The paper addresses the question if the Financial Fair Play is an adequate concept to ensure the long-term viability...Read more