Is Financial Fair Play Really Justified An Economic And Legal Assessment Of Uefa S Financial Fair Play Rules Hwwi Policy
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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
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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 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.
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.
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.
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.
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 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.
Internationaler Wettbewerb Europ Ischer Profifu Ballligen
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Author : Michael Renz
language : de
Publisher: Springer-Verlag
Release Date : 2020-01-10
Internationaler Wettbewerb Europ Ischer Profifu Ballligen written by Michael Renz and has been published by Springer-Verlag this book supported file pdf, txt, epub, kindle and other format this book has been release on 2020-01-10 with Business & Economics categories.
Der europäische Profifußball basiert auf einer komplexen Struktur von Ligen. In der öffentlichen Debatte gilt es schon länger als Tatsache, dass sich der europäische Fußballwettbewerb zunehmend auf wenige finanzstarke Ligen konzentriert. In der Forschung fehlten bislang schlüssige Ansätze und Befunde zur Struktur eines internationalen Wettbewerbs zwischen den Ligen. Michael Renz argumentiert einen solchen Zugang und weist erstmals die Polarisationstendenzen im europäischen Profifußball empirisch nach. Zur Ableitung geeigneter Reformen analysiert er diese Marktkonzentration ökonomisch und wettbewerbsrechtlich. Ein zentraler Vorschlag ist dabei die Abkehr von Nationalligen und eine Fusion von kleineren Ligen.
Financial Fair Play In Football Business
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Author :
language : en
Publisher:
Release Date : 2014
Financial Fair Play In Football Business written by 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.