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Vers une convergence des systèmes de régulation du football professionnel français et européen ? Quand la viabilité financière remplace le fair-play financier de l’UEFA

Author

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  • Nadine Dermit-Richard
  • Aurélien François

Abstract

This article analyzes how financial regulation systems in professional football set up by the National Directorate of Management Control in France and in Europe by the UEFA are changing. These systems, historically different in how they regulate activity, have recently been overhauled. In 2022, the replacement of Financial Fair Play by a UEFA financial viability system seems to align European regulation more closely with the French system. By analyzing the changes in the two sets of regulations, we show how both bodies are converging towards setting up flexible budget requirements for clubs playing in the European and French leagues, while aiming to ensure the clubs are financially viable. In addition, for the first time, these regulations explicitly introduce total team salary cap requirements similar to the North American leagues. The simulation of the impact of this rule in the 2021-2022 season for a group of French clubs shows that differences persist. JEL classification:

Suggested Citation

  • Nadine Dermit-Richard & Aurélien François, 2024. "Vers une convergence des systèmes de régulation du football professionnel français et européen ? Quand la viabilité financière remplace le fair-play financier de l’UEFA," Revue d'économie financière, Association d'économie financière, vol. 0(2), pages 141-151.
  • Handle: RePEc:cai:refaef:ecofi_154_0141
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    More about this item

    Keywords

    K40; L83; Z23;
    All these keywords.

    JEL classification:

    • K40 - Law and Economics - - Legal Procedure, the Legal System, and Illegal Behavior - - - General
    • L83 - Industrial Organization - - Industry Studies: Services - - - Sports; Gambling; Restaurants; Recreation; Tourism
    • Z23 - Other Special Topics - - Sports Economics - - - Finance

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