Fair is Foul: A Critical Analysis of UEFA Financial Fair Play

Stefan Szymanski

International Journal of Sport Finance, 2014, vol. 9, issue 3, 218-229

Abstract: This paper critically analyzes the rules of the UEFA financial regulatory system for football clubs known as Financial Fair Play (FFP). I argue that the objectives of FFP are not really fairness but financial efficiency and that the rules are unlikely to achieve efficiency. I also contend that even from the perspective of fairness, the rules do little more than substitute one form of inequality for another. Finally I briefly assess the implications for the competition law challenge that was launched in May 2013 against the FFP breakeven rule.

Keywords: financial fair play; UEFA; football (search for similar items in EconPapers)
JEL-codes: L83 (search for similar items in EconPapers)
Date: 2014
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International Journal of Sport Finance is currently edited by Arne Feddersen, Babatunde Buraimo, Joachim Prinz and Jane Ruseski

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