Uefa Financial Fair Play
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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.
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
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.
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.
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.
Done Deal
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Author : Daniel Geey
language : en
Publisher: Bloomsbury Publishing
Release Date : 2019-01-24
Done Deal written by Daniel Geey and has been published by Bloomsbury Publishing this book supported file pdf, txt, epub, kindle and other format this book has been release on 2019-01-24 with Sports & Recreation categories.
'If you want to know and understand how football really works, this is the book for you.' Guillem Balagué 'A myth-busting and hugely entertaining look at the ever more complex machinations of the beautiful game. Essential.' Raphael Honigstein 'A must-read for football fans.' Freddie Ljungberg Insightful, enlightening and thought-provoking, leading Premier League lawyer Daniel Geey lifts the lid on the inner workings of modern football. What really happens inside a club on transfer deadline day? Are football agents overpaid? Which club put a clause forbidding space travel into a midfielder's contract? And which team's players can never wear red boots? Whether it is a manager being sacked, a star player transfer, billion-pound television rights negotiations or a controversial club takeover, leading football lawyer Daniel Geey has all the insight. With an accessible and thoughtful perspective, and featuring expert contributions, Done Deal explores the issues that shape the modern game, providing football fans with a fresh and authoritative look at all off-field football matters.
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.
The Effects Of The Uefa Financial Fair Play Regulation On Earnings Management In The European Football Industry
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Author : Marcus Brooks
language : en
Publisher:
Release Date : 2013
The Effects Of The Uefa Financial Fair Play Regulation On Earnings Management In The European Football Industry written by Marcus Brooks 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 study is to examine various factors effecting earnings management behavior in the European football industry from 2006 to 2012. Empirical studies have documented the association between football clubs' financial difficulties and player salaries, but none have empirically examined the association between player salaries and club's earnings management behavior. In response to the increased financial instability of football clubs in Europe, the passage of the UEFA Financial Fair Play regulation in 2009 was intended to increase financial discipline and responsibility amongst football clubs. However, the findings from this study document that clubs with higher payrolls and those actively attempting to be in compliance with the Financial Fair Play regulation engage in more opportunistic earnings management behavior, thereby reducing the reliability of the club's published financial statements. Additionally, this study examines the role corporate governance and audit quality plays in mitigating these aggressive earnings management behaviors, and finds, consistent with prior literature, stronger corporate governance and audit quality characteristics are negatively associated with forms of earnings management. Overall, the findings from this study reveal the possible adverse effects stemming from newly enacted financial regulations, and document the importance of sound fiscal policies to protect the interests of various shareholders and stakeholders.
Uefa Financial Fairplay Regulations And European Union Antitrust Law Complications
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Author : Valerie Kaplan
language : en
Publisher:
Release Date : 2015
Uefa Financial Fairplay Regulations And European Union Antitrust Law Complications written by Valerie Kaplan and has been published by this book supported file pdf, txt, epub, kindle and other format this book has been release on 2015 with categories.
Financial struggles among European football clubs were far too common in the last decade. Mismanagement and overspending became common. The Union of European Football Associations (UEFA) observed the problem and approved Financial Fair Play Regulations (FFP) to fix these financial issues. FFP intends to introduce rationality and stabilize the financial environment of European club football. The structure of FFP makes the regulation illegal under the European Union's competition law. The predicted effect of FFP on the player market and competition between teams clearly violates EU competition law. Valerie Kaplan explores the manners in which FFP violates EU competition law, and offers a way for UEFA to achieve the objectives of FFP without further violations.
A Comparative Analysis Of Uefa Financial Fair Play S Regulatory Impact Upon Premier League Football Clubs Competing Towards Regular Qualification For European Competitions
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Author : Rhys Pearson
language : en
Publisher:
Release Date : 2016
A Comparative Analysis Of Uefa Financial Fair Play S Regulatory Impact Upon Premier League Football Clubs Competing Towards Regular Qualification For European Competitions written by Rhys Pearson 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.