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Is Financial Fair Play Really Justified


Is Financial Fair Play Really Justified
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Is Financial Fair Play Really Justified


Is Financial Fair Play Really Justified
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Author : Henning Vöpel
language : en
Publisher:
Release Date : 2013

Is Financial Fair Play Really Justified written by Henning Vöpel 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.


There is an ongoing debate on how Financial Fair Play (FFP) will affect European club football and whether it is really fair. So far regulations have been very different among national leagues. Therefore, FFP is expected to trigger some asymmetric adjustments among clubs and leagues thereby leading to some changes in the competitive balance and probably to a new competitive equilibrium in European club football in an inter- as well as in an intra-league comparison. The Paper discusses to what regard and to what extent FFP rules are really needed to remedy market failure and whether these rules are legitimate or justifiable with respect to their objectives and potential conflicts with EU competition law.



Is Financial Fair Play Really Justified An Economic And Legal Assessment Of Uefa S Financial Fair Play Rules Hwwi Policy


Is Financial Fair Play Really Justified An Economic And Legal Assessment Of Uefa S Financial Fair Play Rules Hwwi Policy
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Author :
language : en
Publisher:
Release Date :

Is Financial Fair Play Really Justified An Economic And Legal Assessment Of Uefa S Financial Fair Play Rules Hwwi Policy written by and has been published by this book supported file pdf, txt, epub, kindle and other format this book has been release on with categories.


The explicitly mentioned objectives of the FFP rules according to the UEFA are the following: - To ensure the long-term financial viability of European club football - Tp protect the integrity of the game and to ensure a smooth running of competition - To avoid overdue payables in order to ensure a level playing field. [...] Furthermore, applied to the principles established in the Wouters judgment: What are the objectives of the rule, according the UEFA? The objectives that can be seen as related to the break-even rules are the following: - to protect the integrity and smooth running of the UEFA club competitions; - to encourage clubs to operate on the basis of their own revenues; - to encourage responsible spending. [...] Are the restrictions of competition generated by the UEFA break-even rule "inherent" in the pursuit of these objectives? In order to be "inherent", the restriction of competition caused by the rule must be necessary/adequate for the attainment of the legitimate objective, keeping in mind the "general context" in which the rule operates (which means that the EU judge duly takes into account the fac. [...] In particular, this is the case regarding the "integrity objec- tive" since it has clearly been established the absolute lack of causal link between the break-even rule and the integrity of the UEFA competitions. [...] 4.4 | Conclusions from the Legal Analysis In the light of the above, the UEFA break-even rule - in our view - is to be consid- ered incompatible with fundamental provisions of EU Law, in particular articles 101, 63, 56 and 45 TFEU, as well as articles 15 and 16 of the "Charter of Fundamental rights of the European Union".



The Competition Economics Of Financial Fair Play


The Competition Economics Of Financial Fair Play
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Author : Oliver Budzinski
language : en
Publisher:
Release Date : 2014

The Competition Economics Of Financial Fair Play written by Oliver Budzinski and has been published by this book supported file pdf, txt, epub, kindle and other format this book has been release on 2014 with categories.




The Palgrave Handbook On The Economics Of Manipulation In Sport


The Palgrave Handbook On The Economics Of Manipulation In Sport
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Author : Markus Breuer
language : en
Publisher: Springer
Release Date : 2018-04-12

The Palgrave Handbook On The Economics Of Manipulation In Sport written by Markus Breuer and has been published by Springer this book supported file pdf, txt, epub, kindle and other format this book has been release on 2018-04-12 with Business & Economics categories.


Sport has enjoyed steadily increasing prominence and economic importance since the Millennium. But threats to its integrity appear to have grown in parallel, undermining the very sense of innocence and fun which is an important part of its appeal. Threats to the spirit of sport come from internal, external and even state actors, who seek either to manipulate events on the field or to exploit the institutions of sport for their own ends. As the reputation of sport becomes more tarnished as a result, its sustainability as a significant part of the entertainment industry is called into question and loss of reputation may even result in decline in recreational play. In this wide-ranging collection of essays, the international team of contributors explores the structural economic sources of the problems that beset sport and address the question of ‘what is to be done?’ through economic reasoning. Specific topics covered include doping, match-fixing for betting or sporting gain, the role of forensic statistics in detecting nefarious activity, issues related to club ownership, corruption in the awarding of mega-events and within sports governing bodies, and the role of the law and the Court of Arbitration for Sport. In the final chapter, the Editors pull together the various strands and propose that policy to mitigate the threat to fair play should be built around two themes: improving sports governance and designing incentives to help actors in sport choose honest over manipulative behaviour. The book will appeal to practitioners from sport management as well as to academics including students and researchers.



Disequilibrium Sports Economics


Disequilibrium Sports Economics
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Author : Wladimir Andreff
language : en
Publisher: Edward Elgar Publishing
Release Date : 2015-09-25

Disequilibrium Sports Economics written by Wladimir Andreff and has been published by Edward Elgar Publishing this book supported file pdf, txt, epub, kindle and other format this book has been release on 2015-09-25 with Business & Economics categories.


For decades, sports economics has been set within the framework of equilibrium economics, in particular when modelling team sport leagues. Based on a conviction that this does not reflect real life, this book addresses a gap in the literature and opens up a new research area by applying concepts drawn from disequilibrium economics. It is divided into two parts, the first of which focuses on economic disequilibrium in sports markets and competitive imbalance in sporting contests. The second part concentrates on soft budget constraints and their consequences for club governance and management.



The Economics And Finance Of Professional Team Sports


The Economics And Finance Of Professional Team Sports
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Author : Daniel Plumley
language : en
Publisher: Taylor & Francis
Release Date : 2022-12-23

The Economics And Finance Of Professional Team Sports written by Daniel Plumley and has been published by Taylor & Francis this book supported file pdf, txt, epub, kindle and other format this book has been release on 2022-12-23 with Sports & Recreation categories.


This book takes an in-depth look at the economics and finance of professional team sports, with a strong focus on applied analysis and performance measurement, to enable students, researchers, and practitioners to develop their professional knowledge of contemporary sport business. It examines the key themes that define professional team sports today, including the unique features of the team sport market place, the operation of leagues, competitive balance, salary caps, draft systems, income from broadcasting rights, the role of agents, and governance and financial regulation. It analyses the functional aspects of sport finance including where the money flows in and out, how to measure performance holistically, and how to interpret the financial performance of professional sport teams. It also covers emerging and disruptive forces that may shape the market in the future. It includes real- world cases and data in every chapter, including sports from football to Formula 1 and the NFL to the NBA, covering both established and emerging markets around the world. No other book offers such an up-to-date and practical guide to the most important sector of international sport business. This book is essential reading for courses in sport finance and economics, sport business, sport media and marketing, international business, or the economics of service and entertainment industries, and invaluable reading for any sport business professional looking to improve their professional skills. Daniel Plumley is Principal Lecturer in Sport Finance in the Department of Finance, Accounting and Business Systems in the Sheffield Business School at Sheffield Hallam University, UK. His research interests include performance measurement in professional team sports, the economics and finance of professional team sports, and competitive balance in professional team sports. Rob Wilson is Head of Department in Sheffield Business School’s Department of Finance, Accounting and Business Systems, and member of the Social and Economic Research Institute at Sheffield Hallam University, UK specialising in the finance and economics of the sport business industry.



Analysis Of Effectiveness Of Uefa S Financial Fair Play Regulations


Analysis Of Effectiveness Of Uefa S Financial Fair Play Regulations
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Author : Christian Reckentin
language : en
Publisher:
Release Date : 2013

Analysis Of Effectiveness Of Uefa S Financial Fair Play Regulations written by Christian Reckentin 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.




Who Owns Sport


Who Owns Sport
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Author : Andrew Adams
language : en
Publisher: Routledge
Release Date : 2019-04-12

Who Owns Sport written by Andrew Adams and has been published by Routledge this book supported file pdf, txt, epub, kindle and other format this book has been release on 2019-04-12 with Sports & Recreation categories.


This fascinating collection of essays explores the complex economic, political, cultural and social claims over sport, from multi-disciplinary perspectives including philosophy, history, political science and management. The book seeks to uncover some of the tensions and dilemmas wrapped up within aspects of owning sport and attempts to make sense of the place, role, meaning and function of sport when set against the broad notion of ownership. It considers the relationships between individuals, organisations and institutions, and investigates the power of grassroots participants from the bottom up. In presenting contemporary analyses from many viewpoints, not simply the commercial, it asks the reader to think of sport differently. Important reading for scholars and students with an interest in sport and society, sport management, policy or development, as well as those studying political science, economics, philosophy and development studies, this is also a useful resource for practitioners, managers and those working strategically with sport.



Yearbook Of International Sports Arbitration 2016


Yearbook Of International Sports Arbitration 2016
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Author : Antoine Duval
language : en
Publisher: Springer
Release Date : 2018-03-15

Yearbook Of International Sports Arbitration 2016 written by Antoine Duval and has been published by Springer this book supported file pdf, txt, epub, kindle and other format this book has been release on 2018-03-15 with Law categories.


The Yearbook of International Sports Arbitration is the first academic publication aiming to offer comprehensive coverage, on a yearly basis, of the most recent and salient developments regarding international sports arbitration, through a combination of general articles and case notes. The present volume covers decisions rendered by the Court of arbitration for Sport (CAS) and national courts in 2016. It is a must-have for sports lawyers and arbitrators, as well as researchers engaged in this field. It provides in-depth articles on burning issues raised by international sports arbitration, and independent commentaries by esteemed academics and seasoned practitioners on the most important decisions of the year by the CAS and national courts. Dr. Antoine Duval is Senior Researcher for International and European Sports Law at the T.M.C. Asser Instituut in The Hague. He holds a Ph.D. on the interaction between Lex Sportiva and EU Law from the European University Institute in Florence. Prof. Antonio Rigozzi teaches international arbitration and sports law at the University of Neuchâtel, Switzerland, and is the partner in charge of the sports arbitration practice at Lévy Kaufmann-Kohler, a Geneva-based law firm specializing in international arbitration.



Us Financial Regulation And The Level Playing Field


Us Financial Regulation And The Level Playing Field
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Author : H. Garten
language : en
Publisher: Springer
Release Date : 2001-01-19

Us Financial Regulation And The Level Playing Field written by H. Garten and has been published by Springer this book supported file pdf, txt, epub, kindle and other format this book has been release on 2001-01-19 with Political Science categories.


What will deregulation and globalization of financial markets mean for the future of US financial regulation? This book argues that the uniqueness of US regulation derives from its success in promoting four principles of competitive fairness that US players demand from financial markets. The peculiar US notion of a 'level playing field' provides a novel approach to understanding the evolution of US regulation, including recent reform, and to predicting US attitudes toward questions of global financial market supervision.