Football fair play rules begin to bite

Kashflow logo
1

Football clubs are getting to grips with new Financial Fair Play (FFP) regulations, according to the 2013 BDO survey of football finance directors.

The fair play regulations come into force for all English professional divisions this season. They were introduced to counteract the effect of super-rich investors who can effectively buy success and require clubs to live within their means over a three-year rolling period.

The first punishments under the finance regulations were handed out by UEFA back in September 2012, when the Europe's ruling body withheld prize money from 23 clubs that violated the FFP regime. The clubs affected included Real Madrid, Malaga and Fenerbache.

In his 2012 review of football finances AccountingWEB's football specialist Alex Miller considered whether UEFA and HMRC would turn the screws on clubs in 2013. According to BDO’s survey A New Dawn for Fair Play? , the fair play rules...

Please Login or Register to read the full article

The full article is available to registered AccountingWEB.co.uk members only. To read the rest of this article you’ll need to login or register. Registration is FREE and allows you to view all content, ask questions, comment and much more.

Rachael Power
Community Correspondent
Sift Media
Share this content
Tags

Replies

Please login or register to join the discussion.

avatar
16th Aug 2013 14:15

Over regulated

Are FDs more concerned about regulation or relegation? "loss of income if the club is regulated" It must be Friday. 

Thanks (0)