Accounting Aspects of UEFA Financial Fair Play Rules in Leading Professional Football Clubs in Bulgaria

Rumyana Marinova ()
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Rumyana Marinova: University of Economics - Varna

Izvestia Journal of the Union of Scientists - Varna. Economic Sciences Series, 2017, issue 2, 86-95

Abstract: The main objective of the Financial Fair Play regulations is to raise the discipline and rationality in football club finances, to encourage clubs to compete within their revenues, to protect the long-term viability of European football clubs, and to ensure the timely payment of their debts. To achieve this goal, UEFA requires each club to follow a set of specific rules for preparing financial statements in addition to those set out in accounting standards. Applying different approaches to reporting players, freelancers, and soccer players a prerequisite for compromising the principle of fairness and honesty.

Keywords: accounting; football players; UEFA; IAS 38; NAS 38; FFP regulations (search for similar items in EconPapers)
JEL-codes: A00 (search for similar items in EconPapers)
Date: 2017
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