CEU Electronic Theses and Dissertations, 2020
| Author | Omemu, Benatare |
|---|---|
| Title | Does the UEFA Financial Fair Play Rules Promote the Financial Sustainability of Football Clubs in Europe? |
| Summary | European football is characterized with so much glamour and flair and is the epicenter of football display worldwide. Top division football clubs in Europe are followed globally and have been generating a lot of revenue. In the last football year i.e. the 2018/2019 football season, Barcelona Football Club generated over 800 million euros in revenue. Despite the huge revenue inflow, top clubs in Europe kept reporting colossal financial losses. The continued unprofitability that was ravaging the clubs prompted UEFA to introduce the Financial Fair Play policy in 2010 to stem the tide and improve its financial sustainability. The FFP policy was to restrict the outside injection of funds from wealthy owners into clubs and to help clubs become financially prudent and operate within their football income. Financial data from the top 20 football clubs in Europe were gathered and examined by running a standard regression to find out if clubs had become profitable after the introduction of FFP policy. With a glimmer of hope, FFP policy has forced clubs to be more financially responsible and profitable. While some clubs still report losses, the FFP policy will in due time stabilize clubs financially and ensure their future sustainability. |
| Supervisor | Akbar, Yusaf |
| Department | Economics MA |
| Full text | https://www.etd.ceu.edu/2020/omemu_benatare.pdf |
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