Publication
Title
Financial fair play in European football
Author
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
Language
English
Source (journal)
Economic policy: a European forum / Centre for Economic Policy Research [London] - Cambridge
Publication
Cambridge : 2014
ISSN
0266-4658 [print]
1468-0327 [online]
Volume/pages
29:78(2014), p. 343-390
ISI
000337523100005
Full text (Publisher's DOI)
Full text (publisher's version - intranet only)
UAntwerpen
Faculty/Department
Research group
Publication type
Subject
Affiliation
Publications with a UAntwerp address
External links
Web of Science
Record
Identification
Creation 28.08.2014
Last edited 03.07.2017
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