How the UEFA Financial Fair Play regulations affect football clubs’ priorities and leagues’ competitive balance?
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How the UEFA Financial Fair Play regulations affect football clubs’ priorities and leagues’ competitive balance?Date
2020Citation
Garcia-del-Barrio, P., & Rossi, G. (2020). How the UEFA Financial Fair Play regulations affect football clubs’ priorities and leagues’ competitive balance?. European Journal of Government and Economics, 9(2), 119-142. https://doi.org/10.17979/ejge.2020.9.2.5842
Abstract
[Abstract] Institutional and legal reforms applied in the context of sports competitions often provoke structural changes
that can be empirically investigated. Using a data set of 560 observations (20 teams per season, from 2009/10 to
2015/16, of teams playing in the Premier League, La Liga, Serie A and Ligue 1), this paper examines how the UEFA
Financial Fair Play (FFP) regulations may have altered the football clubs’ decisions concerning their sport and financial
priorities. Moreover, based on a simple theoretical description, the paper shows that the increasing financial stability
promoted by the FFP rules might actually imply – as an undesired side effect – a declined competitive balance affecting
the European football leagues. Finally, the paper discusses some policy issues and recommendations.
Keywords
Institutional regulations
Professional football
Financial fair play
Competitive balance
Wage-to-revenue ratios
Professional football
Financial fair play
Competitive balance
Wage-to-revenue ratios
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Rights
Atribución-NoComercial 4.0 España
ISSN
2254-7088