Detalle Publicación

How the UEFA financial fair play regulations affect football clubs' priorities and leagues' competitive balance?

Autores: García del Barrio, Pedro; Rossi, G.
Título de la revista: EUROPEAN JOURNAL OF GOVERNMENT AND ECONOMICS
ISSN: 2254-7088
Volumen: 9
Número: 2
Páginas: 119 - 142
Fecha de publicación: 2020
Resumen:
Institutional and legal reforms applied in the context of sports competitions often provoke structural changes that can be empirically investigated. Using a data set of 560 observations (20 teams per season, from 2009/10 to 2015/16, of teams playing in the Premier League, La Liga, Serie A and Ligue 1), this paper examines how the UEFA Financial Fair Play (FFP) regulations may have altered the football clubs¿ decisions concerning their sport and financial priorities. Moreover, based on a simple theoretical description, the paper shows that the increasing financial stability promoted by the FFP rules might actually imply ¿ as an undesired side effect ¿ a declined competitive balance affecting the European football leagues. Finally, the paper discusses some policy issues and recommendations.
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