European Club Football After ‘Five Treatments’ With Financial Fair Play – Time for an Assessment

UZH Business Working Paper Series, No. 377

21 Pages Posted: 3 Nov 2018

See all articles by Egon P. Franck

Egon P. Franck

University of Zurich - Department of Business Administration (IBW)

Date Written: October 11, 2018

Abstract

UEFA’s Club Licensing and Financial Fair Play Regulations impacted on European club football. After five distinct applications of the break-even requirement, which represents the cornerstone of these regulations, it is time for an assessment. How has the situation in European top-division football changed since the FFP regulation? The most recent financial data show that European club football is characterized by significant financial recovery and further polarization. How has the FFP regulation presumably affected this development? This article discusses plausible reasons why FFP has contributed to financial recovery but has not aggravated polarization. Understanding the drivers of polarization is essential before taking further regulatory steps.

Keywords: Football, Regulation, Financial Fair Play, Financial Recovery, Polarization

JEL Classification: L83, L49, L51

Suggested Citation

Franck, Egon P., European Club Football After ‘Five Treatments’ With Financial Fair Play – Time for an Assessment (October 11, 2018). UZH Business Working Paper Series, No. 377. Available at SSRN: https://ssrn.com/abstract=3264666

Egon P. Franck (Contact Author)

University of Zurich - Department of Business Administration (IBW) ( email )

Plattenstrasse 14
Zurich 8032
Switzerland
+41 1 634 28 45 (Phone)

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