Are UEFA’s financial fair play rules at odds with EU competition law?
By Marco Hickey
UEFA’s financial fair play (FFP) rules may seem to be the solution to protecting the beautiful game, by making the sport more competitive, but it may not be the case from an economic point of view. The implementation of FFP may unintentionally lead to anti-competitive ‘oligopoleagues’. It could be argued that FFP violates both the spirit and the letter of EU competition rules. The EU’s competition commissioner, Joaquín Almunia, himself an avid Athletic Bilbao fan, has publicly favoured the FFP rules, but this might change with the new European Commission being appointed in November.
The break-even requirement imposed by UEFA’s new rules guarantee the long-term financial stability of football clubs by forcing them to not spend more money than they have earned in the previous season. The rules aim to enforce financially sustainable strategies in the game and they also aim to prevent financial competition from taking precedence over the where the real competition is meant to happen: on the pitch…
Click on the link below to read the rest of the LK Shields briefing.
Sign in or Register to continue reading this article
It's quick, easy and free!
It takes just 5 minutes to register. Answer a few simple questions and once completed you’ll have instant access.Register now
Why register to The Lawyer
In-depth, expert analysis into the stories behind the headlines from our leading team of journalists.
Identify the major players and business opportunities within a particular region through our series of free, special reports.
Receive your pick of The Lawyer's daily and weekly email newsletters, tailored by practice area, region and job function.
More relevant to you
To continue providing the best analysis, insight and news across the legal market we are collecting some information about who you are, what you do and where you work to improve The Lawyer and make it more relevant to you.
News from LK Shields Solicitors
News from The Lawyer
Briefings from LK Shields Solicitors
’Organisational effectiveness’ to be a mandatory function
The Bill will regulate the servicers of credit rather than the owners of the credit, creating a new category of regulated business in Ireland – credit servicing.