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The competition economics of financial fair play

  • 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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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
Date of revision:
Handle: RePEc:zbw:tuiedp:85
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  1. PEETERS, Thomas & SZYMANSKI, Stefan, 2013. "Financial fair play in European football," Working Papers 2013021, University of Antwerp, Faculty of Applied Economics.
  2. 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.
  3. Wladimir Andreff, 2007. "French Football: A Financial Crisis Rooted in Weak Governance," Université Paris1 Panthéon-Sorbonne (Post-Print and Working Papers) halshs-00270019, HAL.
  4. 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.
  5. Martin Grossmann & Markus Lang & Philipp Theiler, 2010. "The Sugar Daddy's Game: How Wealthy Investors Change Competition in Professional Team Sports," Working Papers 0128, University of Zurich, Institute for Strategy and Business Economics (ISU), revised Oct 2010.
  6. 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.
  7. Oliver Budzinski, 2011. "The Institutional Framework for Doing Sports Business: Principles of EU Competition Policy in Sports Markets," Working Papers 1103, International Association of Sports Economists;North American Association of Sports Economists.
  8. Akerlof, George A, 1976. "The Economics of Caste and of the Rat Race and Other Woeful Tales," The Quarterly Journal of Economics, MIT Press, vol. 90(4), pages 599-617, November.
  9. 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.
  10. 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.
  11. 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.
  12. 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.
  13. 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.
  14. Oliver Budzinski & Björn A. Kuchinke, 2012. "Deal or No Deal? Consensual Arrangements as an Instrument of European Competition Policy," Review of Economics, Lucius & Lucius, vol. 63(3), pages 265-292.
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