Developing a Sustainable Business Environment in Sports- UEFA Financial Fair Play

Authors

  • Sergiu-Vlad Stan “Valahia” University of Târgoviște
  • Teodora Odett Breaz “Lucian Blaga” University of Sibiu

DOI:

https://doi.org/10.18662/lumeneas/5.1/16

Keywords:

profit maximizers, utility maximizers, financial fair play regulations, evolution

Abstract

The competitive football system in Europe has created a platform for businesses all around the world either ready to buy football clubs or sponsor them. However, this particularly attractive environment makes football clubs want to compete at the limit of their financial resources. In order to prevent long term negative effects of this arms race, UEFA has implemented the Financial Fair Play Regulations (FFP). The purpose of this article is to find the causes that led to the need of controversially regulating the free market in sports. It also helps provide clarity regarding the future of these regulations.  

References

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Kuper, S., & Szymanski, S. (2014). Soccernomics. Nation Books.

Report Calcio 2019. (2019). https://www.pwc.com/it/it/publications/reportcalcio/2019/doc/reportcalcio-2019-eng.pdf

Sloane, P. J. (1971). The economics of professional football: the football club as a utility maximiser. https://www.researchgate.net/publication/4789346_The_Economics_of_Professional_Football_The_Football_Club_as_a_Utility_Maximiser

Taormina, G. (2019). UEFA`s financial fair play: Purpose, effect and future. https://ir.lawnet.fordham.edu/cgi/viewcontent.cgi?article=2752&context=ilj

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Published

2020-12-21

How to Cite

Stan, S.-V. ., & Breaz, T. O. . (2020). Developing a Sustainable Business Environment in Sports- UEFA Financial Fair Play . Logos Universality Mentality Education Novelty: Economics & Administrative Sciences, 5(1), 01-09. https://doi.org/10.18662/lumeneas/5.1/16

Issue

Vol. 5 No. 1 (2020): Logos Universality Mentality Education Novelty: Economics & Administrative Sciences

Section

Economy

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Copyright (c) 2020 The Authors & LUMEN Publishing House

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