In May 2010, UEFA, the governing body of European football, approved a series of ‘Financial Fair Play’ (FFP) regulations with the objectives of introducing more discipline within clubs’ finances and encouraging responsible spending and investment. In particular, the situation within English football over many years has shown that the financial position and controls are generally weak. This paper investigates the FFP criteria with reference to financial data obtained from current English Premier League clubs and makes comparisons with the equivalent German ‘Bundesliga’. It concludes that many clubs currently fall short of FFP requirements and will need to act quickly in order to meet Premier League financial rules, regardless of whether or not they seek to play in UEFA competitions. In addition, the impact upon competitive balance and future strategy for the club is considered.
|Publication status||Published - 2013|
|Event||Research & Knowledge Exchange Conference - University of Portsmouth Business School|
Duration: 19 Jun 2013 → …
|Conference||Research & Knowledge Exchange Conference|
|City||University of Portsmouth Business School|
|Period||19/06/13 → …|