Financial Fair Play In European Football
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The Uefa Financial Fair Play And European Football
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Author : Guillaume Matricon
language : en
Publisher:
Release Date : 2020
The Uefa Financial Fair Play And European Football written by Guillaume Matricon and has been published by this book supported file pdf, txt, epub, kindle and other format this book has been release on 2020 with categories.
This dissertation focuses on the financial crisis affecting European football clubs and especially on the solution that has been brought by the Union of European Football Associations (UEFA), namely the Financial Fair Play (FFP). This dissertation first dwells on the key characteristics of the European football industry (specificity of football under European Union laws, European model of sport, UEFA's role and governance framework, functioning of football clubs). Then, the financial crisis affecting European football clubs is analyzed (characteristics and reasons) as it is necessary in order to assess the future efficiency of the FFP reglations. After showing that it was necessary for UEFA to introduce new financial rules, the key objectives of the FFP rules are detailed. This dissertation shows that the FFP system has already some positive effects on European football clubs. Besides, it will definitely bring more rationality in football clubs' finance and more stability for European football as a whole, therefore decreasing the financial troubles of European football clubs. However, the new set of rules also encompasses some drawbacks (such as a difficult applicability for UEFA, a decrease of the competitive balance) and there will be some resistance and strategies to bypass it. Finally, studying potential alternatives (transposing mechanisms from American professional leagues) and complementary tools, this master thesis concludes that the FFP concept seems to be well designed given the constraints UEFA had to deal with (design rules in compliance with European laws and adapted to the European model of sport). Consequently, it represents a progress for European football. Yet, UEFA needs to work on complementary means to further enhance its FFP concept and increase the competitive balance of European leagues.
Financial Fair Play In European Football
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Author : Angelo D'Andrea
language : en
Publisher:
Release Date : 2016
Financial Fair Play In European Football written by Angelo D'Andrea and has been published by this book supported file pdf, txt, epub, kindle and other format this book has been release on 2016 with categories.
The 2010 UEFA Club Licensing and Financial Fair Play Regulations (FFPR) constitute an enhancement of the Club Licensing System, originally introduced in 2004-2005 with the aim to regulate the world of European football and create a more competitive and level playing field. The aim of this paper is to review the economic studies that have so far investigated the subject of Financial Fair Play Regulations, in order to provide a comprehensive overview of their pros and cons. Starting from a common assumption - that football clubs are special firms for reasons of economics and political economy - all but one of the reviewed articles criticize FFPR, by focusing on the Break-Even Requirement (BER), i.e. the principle according to which relevant expenses must be matched by relevant revenues. The critiques fall into three categories, highlighting that on the one side FFPR are likely to produce inefficiencies in labour markets, and, on the other side, they are likely to trigger unfair competition in football leagues, as well as freezing existing hierarchies in European soccer. The paper analyzes each individual critique, as well as the respective counterarguments.
Financial Fair Play In European Football
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Author : Thomas Peeters
language : en
Publisher:
Release Date : 2013
Financial Fair Play In European Football written by Thomas Peeters and has been published by this book supported file pdf, txt, epub, kindle and other format this book has been release on 2013 with categories.
The Impact Of Uefa S Financial Fair Play On Certain Key Financial Aspects Of Football Clubs
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Author : David Uhrhan
language : en
Publisher: GRIN Verlag
Release Date : 2017-12-19
The Impact Of Uefa S Financial Fair Play On Certain Key Financial Aspects Of Football Clubs written by David Uhrhan and has been published by GRIN Verlag this book supported file pdf, txt, epub, kindle and other format this book has been release on 2017-12-19 with Business & Economics categories.
Master's Thesis from the year 2017 in the subject Business economics - Business Management, Corporate Governance, grade: 1,7, Frankfurt School of Finance & Management, language: English, abstract: This thesis sheds light on why UEFA came up with regulations in this form and what possible alternative forms the regulation framework could have taken. Additionally, the analysis shows how the relevant elements for the BE-calculation have evolved since the announcement of FFP and whether significant changes are perceptible. On top of this, the author will further investigate just how effective UEFA’s monitoring and sanctioning procedure are for clubs when breaches of FFP regulations occur and whether any improvements in the relevant measures indicators have taken place. This work shows that FFP has not been able to limit transfer spending or salary inflation in European club football. Moreover, it illustrates how the clubs’ financial situations have improved in recent years. Growing equity through owner’s capital contributions, new money through foreign takeovers as well as rising operating profits, enabled clubs to reduce their debt level and improve their BE-results. With revenue growth exceeding the growth of salary and operating costs, clubs have been able to reduce their losses and more and more clubs report bottom-line profits. Analyzing the different sources of revenue that clubs are obtaining and the relevance of each source over time, it is perceivable that especially the Money League (ML) clubs have been able to increase their income through commercial activities while smaller clubs benefit through collectively bargained broadcasting agreements. By enforcing FFP, UEFA has already excluded a few clubs from European club competitions, imposed monetary fines and squad size restrictions and entered into several settlement agreements with clubs not fulfilling the BE-criterion. However, UEFA lacks transparency about the monitoring process as they do not publish any information about different assessments of the BE-calculation and never state the explicit BE-results that clubs under settlement have realized.
To Each Their Own
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Author : Alex Parisi
language : en
Publisher:
Release Date : 2015
To Each Their Own written by Alex Parisi and has been published by this book supported file pdf, txt, epub, kindle and other format this book has been release on 2015 with Soccer categories.
The Impact Of Uefa S Financial Fair Play On Certain Key Financial Aspects Of Football Clubs
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Author : David Uhrhan
language : en
Publisher: Grin Publishing
Release Date : 2017-12-27
The Impact Of Uefa S Financial Fair Play On Certain Key Financial Aspects Of Football Clubs written by David Uhrhan and has been published by Grin Publishing this book supported file pdf, txt, epub, kindle and other format this book has been release on 2017-12-27 with categories.
Master's Thesis from the year 2017 in the subject Business economics - Business Management, Corporate Governance, grade: 1,7, Frankfurt School of Finance & Management, language: English, abstract: This thesis sheds light on why UEFA came up with regulations in this form and what possible alternative forms the regulation framework could have taken. Additionally, the analysis shows how the relevant elements for the BE-calculation have evolved since the announcement of FFP and whether significant changes are perceptible. On top of this, the author will further investigate just how effective UEFA's monitoring and sanctioning procedure are for clubs when breaches of FFP regulations occur and whether any improvements in the relevant measures indicators have taken place. This work shows that FFP has not been able to limit transfer spending or salary inflation in European club football. Moreover, it illustrates how the clubs' financial situations have improved in recent years. Growing equity through owner's capital contributions, new money through foreign takeovers as well as rising operating profits, enabled clubs to reduce their debt level and improve their BE-results. With revenue growth exceeding the growth of salary and operating costs, clubs have been able to reduce their losses and more and more clubs report bottom-line profits. Analyzing the different sources of revenue that clubs are obtaining and the relevance of each source over time, it is perceivable that especially the Money League (ML) clubs have been able to increase their income through commercial activities while smaller clubs benefit through collectively bargained broadcasting agreements. By enforcing FFP, UEFA has already excluded a few clubs from European club competitions, imposed monetary fines and squad size restrictions and entered into several settlement agreements with clubs not fulfilling the BE-criterion. However, UEFA lacks transparency about the monitoring process as they do not publish any i
Uefa Financial Fair Play
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Author : Claudio Koller
language : en
Publisher:
Release Date : 2013
Uefa Financial Fair Play written by Claudio Koller and has been published by this book supported file pdf, txt, epub, kindle and other format this book has been release on 2013 with categories.
The purpose of this thesis is to understand the possible effects of UEFA Financial Fair Play on the financial state of the professional European football industry. In order to achieve this goal a simplified multi-criteria analysis of the regulatory tool is conducted. European football is in the midst of a financial crisis. Inflationary wage and transfer spending coupled with high debt levels have forced UEFA to intervene in the market. The new ruling requires clubs to balance their income statements if they wish to participate in either the UEFA Champions League or the UEFA Europa League. The conducted analysis of FFP shows that if enforced correctly the regulation has the potential to achieve the desired result. However, the drawback is that only the top-clubs are affected by the new standards, whilst the industry's financial problem covers most professional clubs in all licensed leagues. Furthermore, possible negative externalities created by FFP question the desirability of its implementation.
Did Uefa S Financial Fair Play Harm Competition In European Football Leagues
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Author : Stephan Birkhäuser
language : en
Publisher:
Release Date : 2017
Did Uefa S Financial Fair Play Harm Competition In European Football Leagues written by Stephan Birkhäuser and has been published by this book supported file pdf, txt, epub, kindle and other format this book has been release on 2017 with categories.
When introducing UEFA's Financial Fair Play (FFP) it was argued that as a beneficial side effect competition in European football leagues should become more equilibrated and perceived as being fairer. Based on a hand-collected dataset on league results, player market values as well as investor payments of more than 300 European football clubs, we scrutinize the impact of FFP on the competitive landscape in major European football leagues. By applying a fixed-effect panel regression difference-in-differences approach, we find results that are consistent with the view that FFP might have further amplified the competitive imbalance. This might be caused by the fact that FFP raises some barriers against the entrance of new investors. Moreover, we present evidence that FFP supports the former season's winner in terms of budget shares in the upcoming season. Overall, our results support the view that FFP turns European football leagues less equilibrated and even tends to freeze current hierarchies.
Application Of Mcda To Evaluate Financial Fair Play And Financial Stability In European Football Clubs
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Author : Ángel Barajas
language : en
Publisher:
Release Date : 2018
Application Of Mcda To Evaluate Financial Fair Play And Financial Stability In European Football Clubs written by Ángel Barajas and has been published by this book supported file pdf, txt, epub, kindle and other format this book has been release on 2018 with categories.
This paper aims to design a methodology to evaluate financial stability in the football industry. Considering Financial Fair Play Regulations (UEFA, 2012, 2015), it explores how they have worked. This paper adapts Multiple-Criteria Decision Analysis (MCDA) to the football industry. A number of ratios and their corresponding weights are defined. Four MCDAs are used. The results from these four MCDAs are then taken into account to finally classify the financial situation of the clubs. The study was carried out on top European Football clubs for the seasons ending in 2011, 2012 and 2013. The main change in the financial situation of analyzed clubs occurred in season 2011/12, the time when FFP rules were enforced. The results show that big European clubs are financially stable. Moreover, some progressive improvements in stability and sustainability have been encountered. The tool applied in this study may be used by stakeholders in this industry.Moreover, it shows that financial control imposed by UEFA is being beneficial what encourages keeping in this line of action. The paper provides a fast and efficient technique in decision-making to the stakeholders in the football industry.
Has Financial Fair Play Changed European Football
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Author : Ariela Caglio
language : en
Publisher:
Release Date : 2023
Has Financial Fair Play Changed European Football written by Ariela Caglio and has been published by this book supported file pdf, txt, epub, kindle and other format this book has been release on 2023 with categories.