The financial fair play regulations of UEFA: An adequate concept to ensure the long-term viability and sustainability of European club football?

International Journal of Sport Finance

Volumn 7, Issue 2, 2012, Pages 117-140

  Müller, J Christian ^a   Lammert, Joachim ^b   Hovemann, Gregor ^b  

^a SRH UNIVERSITY HEIDELBERG   (Germany)

^b CHEMNITZ UNIVERSITY OF TECHNOLOGY   (Germany)

Author keywords

Financial fair play; Integrity; Licensing; Professional football; Rat race; Regulation; Sports leagues

Indexed keywords

EID: 84861672644     PISSN: 15586235     EISSN: 1930076X     Source Type: Journal    
DOI: None     Document Type: Article

References (47)

1. Akerlof, G. A. (1976). The economics of caste and the rat race and other woeful tales. Quarterly Journal of Economics, 90, 599-617.
2. Alchian, A., & Demsetz, H. (1972). Production, information costs and economic organization. The American Economic Review, 62, 777-795.
3. Bator, F. M. (1958). The anatomy of market failure. Quarterly Journal of Economics, 72, 351-379.
4. Beaver, W. (1966). Financial ratios as predictors of failure. Journal of Accounting Research, 4, 71-111.
5. Bird, E. J., & Wagner, G. G. (1997). Sport as a common property resource - A solution to the dilemmas of doping. Journal of Conflict Resolution, 41, 749-766.
6. Buraimo, B., Simmons, R., & Szymanski, S. (2006). English football. Journal of Sports Economics, 7, 29-46.
7. Charitou, A., Neophytou, E., & Charalambous, C. (2004). Predicting corporate failure: Empirical evidence for the UK. European Accounting Review, 13, 465-497.
8. Collett, M. (2012). Platini wins EC backing for financial fair play regulations. The Independent [in press].
9. Daumann, F. (2003). Staatlicher handlungsbedarf bei doping im hochleistungssport? ORDO - Jahrbuch für die Ordnung von Wirtschaft und Gesellschaft, 54, 243-268.
10. Daumann, F. (2011). Grundlagen der sportökonomie. Stuttgart, Germany: UTB
11. Deloitte (Deloitte Sports Business Group). (2011). Pressure to changae - Annual review of football finance. Manchester, UK.
12. Deloitte (Deloitte Sports Business Group). (2012). Fan power - Football money league. Manchester, UK.
13. Dietl, H. M., & Franck, E. (2007). Governance failure and financial crisis in German football. Journal of Sport Economics, 8, 662-669.
14. Dietl, H. M., Franck, E., & Lang, M. (2008). Overinvestment in team sports leagues - A contest theory model. Scottish Journal of Political Economy, 55, 353-368.
15. Downward, P., & Dawson, A. (2000). The economics of professional team sports. London, UK: Routledge.
16. Ernst & Young. (2010). Football Meets Finance VII. London, UK: Author.
17. Franck, E. (1995). Die institutionen der teamsportindustrie: Eine organisationsbetrachtung. Wiesbaden, Germany: Gabler.
18. Franck, E. (2002). 'Making the majors' - Grundlegende institutionelle innovationen in der entwicklung des amerikanischen teamsports und ihre ökonomische logik. Zeitschrift für Betriebswirtschaft, 72, 23-42.
19. Franck, E. (2010). Private firm, public corporation or member's association governance structures in European football. International Journal of Sport Finance, 5, 108-127.
20. Franck, E., & Müller, J. C. (2000). Problemstruktur, eskalationsvoraussetzungen und eskalationsfördernde bedingungen sogenannter Rattenrennen. Zeitschrift für betriebswirtschaftliche Forschung, 52, 3-26.
21. Frick, B. (2005). "...und Geld schießt eben doch Tore." Die voraussetzungen sportlichen und wirtschaftlichen erfolges in der fußball-bundesliga. Sportwissenschaft - The German Journal of Sport Science, 35, 250-270.
22. Goodwin, P., & Wright, G. (2010). Decision analysis for management judgment (4th ed.). Hoboken, NJ: Wiley.
23. Hall, S., Szymanski, S., & Zimbalist, A. S. (2002). Testing causality between team performance and payroll - The cases of Major League Baseball and English soccer. Journal of Sports Economics, 3, 149-168.
24. Hamil, S., & Walters, G. (2011). In House of Commons, Culture, media & sport: Football governance (pp. 247-251). London, UK: Parlimentary.
25. Hoehn, T. (2006). Governance and governing bodies in sport. In W. Andreff & S. Szymanski (Eds.), Handbook on the economics of sport (pp. 227-240). Cheltenham, UK: Edward Elgar Publishing.
26. IOC (International Olympic Committee) (1999). Olympic movement anti-doping code. Genf, Switzerland.
27. Jensen, M., & Meckling, W. (1976). Theory of the firm: Managerial behavior, agency costs and ownership structure. Journal of Financial Economics, 3(4), 305-360.
28. Lago, U., Simmons, R., & Szymanski, S. (2006). The financial crisis in European football: An introduction. Journal of Sports Economics, 7(1), 3-12.
29. Maennig, W. (2002). On the economics of doping and corruption in international sports. Journal of Sports Economics, 3(1), 61-89.
30. Milgrom, P., & Roberts, J. (1992). Economics, organization & management. Upper Saddle River, NJ: Prentice Hall.
31. Müller, J. C. (2003). Das lizenzierungsverfahren für die Fußball-Bundesliga. Betriebswirtschaftliche Forschung und Praxis, 55, 556-570.
32. Neale, W. (1964). The peculiar economics of professional sport: A contribution to the theory of the firm in sporting competition and in market competition. Quarterly Journal of Economics, 93(1), 385-410.
33. Ohlson, J. (1980). Financial ratios and the probabilistic prediction of bankruptcy. Journal of Accounting Research, 18(1), 109-131.
34. Ostrom, E., Gardner, R., & Walker, J. (1994). Rules, games, and common pool resources. Ann Arbor, MI: University of Michigan Press.
35. Ostrom, E. (2008). The challenge of common-pool resources. Environment: Science and Policy for Sustainable Development, 50(4), 8-21.
36. Preston, I., & Szymanski, S. (2003). Cheating in contests. Oxford Review of Economic Policy, 19(4), 612-624. (Pubitemid 38342298)
37. Reiter, H. (1994). Bericht der unabhängigen dopingkommission des Deutschen Sportbundes (DSB) und des Nationalen Olympischen Komitees (NOK). In K. H. Bette (Ed.), Doping im leistungssport - Sozialwissenschaftlich betrachtet (pp. 191-231). Stuttgart, Germany: Nagelschmidt.
38. Rottenberg, S. (1956). The baseball player's labour market. Journal of Political Economy, 64(3), 242-258.
39. Simmons, R., & Forrest, D. (2004). Buying success: Team performance and wage bills in U.S. and European sports leagues. In R. Fort & J. Fizel (Eds.), International sports economics comparisons (pp. 123-140). Westport, CT: Greenwood Publishing.
40. Thieme, L., & Lammert, J. (2011). Zur rechtfertigung der regulation und des regulatorischen ausmaßes zur gewährleistung der integrität sportlicher positionswettbewerbe - Eine gütertheoretische perspektive. Working paper, FH Koblenz/RheinAhrCampus Remagen, Universität des Saarlandes, Technische Universität Chemnitz.
41. Traverso, A. (2011). Presentation at the Centre International D'Étude du Sport. Neuchatel, Switzerland.
42. UEFA (2008). UEFA club licensing regulations - Edition 2008. Nyon, Switzerland.
43. UEFA (2010a). UEFA club licensing and financial fair play regulations - Edition 2010. Nyon, Switzerland.
44. UEFA (2010b). Club Financial Control Panel - Tasks and responsibilities. Nyon, Switzerland.
45. UEFA (2012). The European Club footballing landscape - Club licensing benchmarking report financial year 2010. Nyon, Switzerland.
46. Varian, H. R. (1992). Microeconomic analysis (3rd edition). New York, NY: Norton & Company.
47. WADA (World Anti-Doping Agency). (2009). World anti-doping code. Montreal, QC.