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...