Experts criticise Bundesliga for lack of financial disclosure: "Transparency helps you to better understand the decision-making and rationale behind clubs' behaviour"

19 May 2021

Photo: Alamy

Unlike in most other countries, German clubs fall through when it comes to informing the public of their financial performance.

That is despite UEFA highlighting transparency as a cornerstone of its Financial Fair Play regulations from 2015.

Experts say openness will lead to better business decisions and greater accountability to fans – particularly needed after the Super League fallout.

Professor believes the best way forward is that clubs' financial reporting should be done in a similar style to publicly listed companies.

Emil Gjerding Nielson

A number of experts have come out in criticism of Bundesliga clubs' lack of financial disclosure which some say stands in opposition to the country's appraisal for transparency and accountability through its 50+1 ownership model.

"German clubs have accountability directly back to their individual members but perhaps less obviously to the broader community of football's stakeholders," says senior lecturer of sports finance and director for MSc in sports management at the University of Stirling, Stephen Morrow. 

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