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Financial Fair Play in Football

Financial Fair Play in Football

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The EU's hand in european sport. There is nothing these people don't want to control. Part of the Lisbon Treaty.
The EU's hand in european sport. There is nothing these people don't want to control. Part of the Lisbon Treaty.

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Published by: Charters and Caldecott on May 15, 2012
Copyright:Attribution Non-commercial

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05/15/2012

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Theby,toregustan h 2012CE-PRESIobjectivesImprove thIncrease trImprove goncourageIntroduceProtect thencourageProtect these are objebalancedin particuled, the prither sportsprinciplesall footballllow clubslatory standards of eqENT JOAof FFP areeconomicnsparencyvernance sclubs to opore disciplintegrity anresponsiblelong-termtives whicnd proportar, within tciples undfacing simof FFP hastakeholdesufficientdards. In tual and nonJOINTQUÍN AL to:and financ
 
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The central principle of FFP (namely, that clubs should “live within their own means” or“break even”) is based on the notion that football related income should at least matchfootball related expenditure. No business can lay solid foundations for the future bycontinually spending more than it earns, or could reasonably expect to earn. Thus, the“break even” rule reflects a sound economic principle that will encourage greaterrationality and discipline in club finances and, in so doing, help to protect the widerinterests of football.5.
 
Similarly, the FFP rules that monitor and enforce the financial obligations that clubs owetowards other football clubs, towards employees (in particular, to players) to social andtax authorities and to other creditors are also important elements in the overall financialregulatory structure of football and are to be supported.6.
 
With a view to promoting positive long-term investments in football, it is neverthelesslegitimate that certain categories of expenditure, directed to matters such as infrastructureimprovement, youth training and development and community and social projects, shouldnot jeopardize the ability of clubs to comply with the “break even” principle.7.
 
These objectives are also consistent with the aims and objectives of European Unionpolicy in the field of State Aid.8.
 
The main idea behind State aid control is that European undertakings should compete on alevel playing field, where no operator is given special advantages by any layer of thegovernment. In this respect, the financial regulations by UEFA and the State aid rules bythe Commission pursue broadly the same objective of preserving fair competition betweenfootball clubs.9.
 
There is a strong link between the FFP that introduce discipline and rationality in clubfootball finances, and the State aid rules that prevent unauthorised public interventions,which very often concern football clubs in financial difficulties resulting from the lack of sound management of clubs’ finances. Given that the FFP rules impose stricter financialmanagement of football clubs, they are likely in the longer run to lower or eliminate theneed for State subsidies for a number of clubs.10.
 
FFP and State Aid policy are also consistent insofar as each legal framework provides forspecific treatment in the case of expenditure directed towards matters such as youthtraining and development, social and community projects and investment in infrastructure,

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