Review article
https://doi.org/10.31141/zrpfs.2018.55.128.331
Legal and economic aspects of UEFA's Rules on licensing of clubs and financial fair play
Ines Medić
; Pravni fakultet Sveučilišta u Splitu, Split, Hrvatska
Abstract
The results of supervision which UEFA in 2009 carried out on clubs showed that more than half of a total of 655 European clubs are in debt. Moreover, these are huge debts which are disproportionate with their financial possibilities. The three biggest European clubs were in such financial disarray that they were in two years, treated like other businesses, declared to be bankrupt. That period coincided with the widening of EU legislative powers and in sport issues and with the focus of the Commission on “sound management”. In 2010, UEFA presented a new Rulebook on the licensing of clubs and financial fair play. This Rulebook introduced doing business on “point of financial security” as their basis for the financial sustainability of European clubs. However, from the very beginning of its application its relation with EU legal regulations on competitiveness was disputable. This Rulebook existed in this limbo for 8 years and slowly real effects of its application are starting to be supervised. Namely legal and economic effects were often shown to have an unexpected effect, especially in combination with EU law. The intention here is to observe in detail the Rulebook’s regulations through various prisms: relation to EU legal regulations, its economic effects and the effect on stability and competitive balance.
Keywords
Eu law; market competitiveness; sport autonomy; UEFA; financial fair play
Hrčak ID:
199093
URI
Publication date:
19.4.2018.
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