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

Author

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  • Stefan Szymanski

    (University of Michigan)

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.

Suggested Citation

  • Stefan Szymanski, 2014. "Fair is Foul: A Critical Analysis of UEFA Financial Fair Play," International Journal of Sport Finance, Fitness Information Technology, vol. 9(3), pages 218-229, August.
    • Handle: RePEc:jsf:intjsf:v:9:y:2014:i:3:p:218-229
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    More about this item

    Keywords

    financial fair play; UEFA; football;
    All these keywords.

    JEL classification:

    • L83 - Industrial Organization - - Industry Studies: Services - - - Sports; Gambling; Restaurants; Recreation; Tourism

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