Title
Financial fair play in European football
Author
Faculty/Department
Faculty of Applied Economics
Publication type
article
Publication
Cambridge ,
Subject
Economics
Source (journal)
Economic policy: a European forum / Centre for Economic Policy Research [London] - Cambridge
Volume/pages
29(2014) :78 , p. 343-390
ISSN
0266-4658
ISI
000337523100005
Carrier
E
Target language
English (eng)
Full text (Publishers DOI)
Affiliation
University of Antwerp
Abstract
In 2010 UEFA, the governing body of European football, announced a set of financial restraints, which clubs must observe when seeking to enter its competitions, notably the UEFA Champions League. We analyse the financial and sporting impact of these Financial Fair Play' (FFP) regulations in four major European football leagues. We first discuss the details of FFP and frame these regulations in the institutional set-up of the European football industry. We then show how the break-even constraint embedded in FFP could substantially reduce average payrolls and wage-to-turnover ratios, while strengthening the position of the traditional top teams. Since the benefits of the break-even rule to consumers remain unclear, we argue that these rent-shifting regulations might fall foul of European competition law. Thomas Peeters and Stefan Szymanski
E-info
https://repository.uantwerpen.be/docman/iruaauth/eca59a/b917859.pdf
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