European football clubs under FFPR regulation
DOI:
https://doi.org/10.54097/7qg27a49Keywords:
European soccer clubs, UEFA Fair Play Regulations, Policy controlsAbstract
Soccer is the most popular sport in the world. The sport originated in Europe, and European professional soccer dominates the sport. The biggest leagues and clubs are in Europe; Europe produces most of the top players, and those who are not European are attracted by high salaries to play in Europe. Despite this, European soccer clubs are rarely profitable and financial crises are common. Over the past two decades, advances in broadcasting technology have expanded the reach and revenue levels of European clubs at an alarming rate, but the financial situation of European professional clubs appears to have worsened. 2010 saw the announcement of a set of regulations known as Financial Fair Play (FFPR) by European soccer's governing body, UEFA, designed to provide financial safeguards for European soccer clubs. In 2010, UEFA, the governing body of European soccer, announced a set of regulations known as Financial Fair Play (FFPR), which aims to bring "discipline and rationality" to the finances of European soccer clubs. This paper analyzes the literature and explains in detail the meaning and implications of FFPR.
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