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Developing a Sustainable Business Environment in Sports- UEFA Financial Fair Play

Author

Listed:
  • Sergiu-Vlad Stan

    (“Valahia†University of Targoviste, Romania)

  • Teodora Odett Breaz

    (“Lucian Blaga†University of Sibiu, Romania)

Abstract

The competitive football system in Europe has created a platform for businesses all around the world either ready to buy football clubs or sponsor them. However, this particularly attractive environment makes football clubs want to compete at the limit of their financial resources. In order to prevent long term negative effects of this arms race, UEFA has implemented the Financial Fair Play Regulations (FFP). The purpose of this article is to find the causes that led to the need of controversially regulating the free market in sports. It also helps provide clarity regarding the future of these regulations.

Suggested Citation

  • Sergiu-Vlad Stan & Teodora Odett Breaz, 2020. "Developing a Sustainable Business Environment in Sports- UEFA Financial Fair Play," Logos Universalitate Mentalitate Educatie Noutate - Sectiunea Stiinte Economice si Administrative/ Logos Universality Mentality Education Novelty - Section: Economical and Administrative Sciences, Editura Lumen, Department of Economics, vol. 5(1), pages 1-9, May.
    • Handle: RePEc:lum:rev14e:v:5:y:2020:i:1:p:1-9
    DOI: https://doi.org/10.18662/lumeneas/5.1/16
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    More about this item

    Keywords

    profit maximizers; utility maximizers; financial fair play regulations; evolution;
    All these keywords.

    JEL classification:

    • M1 - Business Administration and Business Economics; Marketing; Accounting; Personnel Economics - - Business Administration
    • M2 - Business Administration and Business Economics; Marketing; Accounting; Personnel Economics - - Business Economics

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