Column: UEFA need to revive Financial Fair Play
17 September 2020
Leading consultants in corruption and fraud investigations call for a change of rules if Financial Fair Play is to have any meaningful impact in the future.
Forensic Risk Alliance (FRA) point out a number of issues with the current rulebook, which proved inadequate in the Manchester City case and need to learn from best practice in other regulated industries.
FRA suggests that UEFA should implement a risk-based compliance monitoring approach and make clearer incentives for cooperation.
In July, the Court of Arbitration for Sport (“CAS”) cleared Manchester City of breaching UEFA’s Financial Fair Play (“FFP”) regulations by allegedly receiving funds from their owner disguised as sponsorship revenue. Although CAS did sanction of EUR 10,000,000 for refusal to co-operate, this is barely a slap on the wrist for a club of Manchester City’s resources, and is not an outcome that enhances the reputation of football businesses.
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