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The competition economics of financial fair play

Listed author(s):
  • Budzinski, Oliver

This paper provides an economic analysis of the competition effects of UEFA's financial fair play regulations. It concludes that the restrictive effects of the break-even rule cannot be justified by a legitimate objective defense (according to European competition policy) because significant financial problems due to overinvestment are not inherent to European football.

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File URL: https://www.econstor.eu/bitstream/10419/94196/1/78123770X.pdf
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Paper provided by Ilmenau University of Technology, Institute of Economics in its series Ilmenau Economics Discussion Papers with number 85.

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Date of creation: 2014
Handle: RePEc:zbw:tuiedp:85
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Web page: http://www.tu-ilmenau.de/vw/

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  1. Markus Lang & Martin Grossmann & Philipp Theiler, 2011. "The Sugar Daddy Game: How Wealthy Investors Change Competition in Professional Team Sports," Journal of Institutional and Theoretical Economics (JITE), Mohr Siebeck, Tübingen, vol. 167(4), pages 557-577, December.
  2. Oliver Budzinski, 2011. "The Institutional Framework for Doing Sports Business: Principles of EU Competition Policy in Sports Markets," Working Papers 108/11, University of Southern Denmark, Department of Environmental and Business Economics.
  3. J. Christian Müller & Joachim Lammert & Gregor Hovemann, 2012. "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, Fitness Information Technology, vol. 7(2), pages 117-140, May.
  4. Helmut M. Dietl & Egon Franck, 2007. "Governance Failure and Financial Crisis in German Football," Journal of Sports Economics, , vol. 8(6), pages 662-669, December.
  5. Markus Sass, 2012. "Long-term Competitive Balance under UEFA Financial Fair Play Regulations," FEMM Working Papers 120005, Otto-von-Guericke University Magdeburg, Faculty of Economics and Management.
  6. Budzinski, Oliver & Müller, Anika, 2013. "Finanzregulierung und internationale Wettbewerbsfähigkeit: Der Fall Deutsche Bundesliga," Ilmenau Economics Discussion Papers 82, Ilmenau University of Technology, Institute of Economics.
  7. Helmut M. Dietl & Egon Franck & Markus Lang, 2008. "Overinvestment In Team Sports Leagues: A Contest Theory Model," Scottish Journal of Political Economy, Scottish Economic Society, vol. 55(3), pages 353-368, 07.
  8. Coates, Dennis & Humphreys, Brad & Zhou, Li, 2012. "Outcome Uncertainty, Reference-Dependent Preferences and Live Game Attendance," Working Papers 2012-7, University of Alberta, Department of Economics.
  9. Budzinski Oliver & Kuchinke Björn A., 2012. "Deal or No Deal? Consensual Arrangements as an Instrument of European Competition Policy," Review of Economics, De Gruyter, vol. 63(3), pages 265-292, December.
  10. PEETERS, Thomas & SZYMANSKI, Stefan, 2012. "Vertical restraints in soccer: Financial fair play and the English Premier League," Working Papers 2012028, University of Antwerp, Faculty of Applied Economics.
  11. Wladimir Andreff, 2007. "French Football: A Financial Crisis Rooted in Weak Governance," Université Paris1 Panthéon-Sorbonne (Post-Print and Working Papers) halshs-00270019, HAL.
  12. Bastien Drut & Gaël Raballand, 2012. "Why does financial regulation matter for European professional football clubs?," Post-Print hal-01410568, HAL.
  13. Ángel Barajas & Plácido Rodríguez, 2014. "Spanish Football in Need of Financial Therapy: Cut Expenses and Inject Capital," International Journal of Sport Finance, Fitness Information Technology, vol. 9(1), pages 73-90, February.
  14. Thomas Peeters & Stefan Szymanski, 2014. "Financial fair play in European football," Economic Policy, CEPR;CES;MSH, vol. 29(78), pages 343-390, 04.
  15. Egon Franck, 2014. "Financial Fair Play in European Club Football: What Is It All About?," International Journal of Sport Finance, Fitness Information Technology, vol. 9(3), pages 193-217, August.
  16. Budzinski, Oliver & Szymanski, Stefan, 2014. "Are restrictions of competition by sports associations horizontal or vertical in nature?," Ilmenau Economics Discussion Papers 86, Ilmenau University of Technology, Institute of Economics.
  17. George Akerlof, 1976. "The Economics of Caste and of the Rat Race and Other Woeful Tales," The Quarterly Journal of Economics, Oxford University Press, vol. 90(4), pages 599-617.
  18. repec:ces:ifodic:v:9:y:2011:i:3:p:54-59 is not listed on IDEAS
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