Avail content as in the template UEFA’s Financial Fair Play Regulations

Introduction

FFP was first introduced in June 2010 to improve the economic and financial performance of football clubs. Most importantly, the FFP aims to encourage clubs to operate on their own income and spend responsibly. It includes the financial performance of more than 650 top-division clubs from UEFA’s 55 member associations. UEFA monitors compliance with the FFP Regulations through the Club Financial Control Body (CFCB), formerly known as the Club Financial Control Group. The CFCB has the power to take disciplinary action for non-compliance with FFP and UEFA Club Licensing (UEFA, 2018).

All professional football clubs are trying to make more money and be successful. The desire to be more successful than other clubs drives management to seek funding they sometimes cannot afford in the long term (Peeters and Szymanski, 2014). Regulations were therefore introduced to help professional clubs use their finances in an affordable manner (Vöpel, 2011). While FFP has had a huge impact in encouraging football clubs to spend more affordably, there are still gaps such as low club freedom and uneven competition.

According to UEFA regulations, teams must present audited financial statements that meet established standards in order to participate in competitions, especially the Europa League and Champions League. The first condition required by the FFP is that the club pay all outstanding payments to the staff,

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