The Financial Fair Play Regulations of UEFA: An Adequate Concept to Ensure the Long-Term Viability and Sustainability of European Club Football?

By J. Müller, J. Lammert, G. Hovemann. International Journal of Sport Finance, 2012

111 citations recorded by the source corpus.

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 and sustainability of European club football as intended by UEFA. To answer this question, we illustrate the empirical background and search for a theoretical justification within the field of sport economics. Based on structuring UEFA's objectives, we analyze and evaluate the major amendments of the Financial Fair Play Regulations.

Subfields: Economics and Econometrics, Sociology and Political Science

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Citations in the corpus

• Europe’s Elite Football: Financial Growth, Sporting Success, Transfer Investment, and Private Majority Investors (2016, unknown): “Following the increasing commercialization in European football through the introduction of the English Premier League in 1992/93 and the new payout system in the Champions League in 2000/01, sports economists increasingly adopt this analogy to explain the unprofitable nature of European professiona”
• Financial fair play in European football (2014, background): “Figure 1 clearly shows that this has led teams from large countries (with large TV markets and strong performances on the pitch) to earn by far the largest share of 11 See, for example, M€uller et al. (2012). the Champions League pay-outs.”