Column: Time for a financial reset - What next for UEFA, FFP and the power battle of governance versus self-regulation in European football?
8 April 2021
Due to a number of reasons – the Covid-19 pandemic being one of them – the current FFP-regulations are looking increasingly outdated being too focused on the past, measuring historic performance.
Everyone in the industry need to accept that all regulatory systems need to undergo change, reflecting on history and providing solutions for the economic climate, key with what might come next, the authors argue.
A way forward could be via cost reduction targets - incentivised with broadcasting rights redistribution - to improve financial stability and promote some competition at all levels.
Indications that we are about to see a shift in power towards the so called big European clubs.
UEFA could find itself in a position where its original aim for transparent financial administration and catharsis among clubs is self-defeated.
UEFA’s Financial Fair Play (FFP) regulations have never been without controversy. Since implementation in 2011 FFP has received criticism from a number of quarters; the legality of the regulations, the impact on playing standards and player wages, and the fact that FFP prevents the industry (and clubs) benefitting from substantial injections of external financing. The latter proving a key consideration in the competitive balance in Europe’s top football leagues.
Do you want to read this article?
Get instant access by signing up for a 7-day free trial
No credit card, no commitments and it will expire automatically.
You will receive a link that activates your trial in an email.