Part Two of this series looked at the
legal challenges FFP has faced in the five years since the controversial ‘break
even’ requirements were incorporated.
Those challenges to FFP’s legality have been ineffective in defeating
the rules altogether; however, there have been iterative changes during FFP’s
lifetime. Those changes are marked by
greater procedural sophistication, and a move towards the liberalisation of
equity input by owners in certain circumstances. In light of recent statements from UEFA President Aleksander Čeferin, it is possible that the financial regulation of European football
will be subject to yet further change. More...
The main lesson of this year’s transfer window
is that UEFA’s Financial Fair Play (FFP) rules have a true bite (no pun
intended). Surely, the transfer fees have reached usual highs with Suarez’s
move to FC Barcelona and Rodriguez’s transfer from AS Monaco to Real Madrid and
overall spending are roughly equal to 2013 (or go beyond as in the UK). But clubs sanctioned under the FFP rules
(prominently PSG and Manchester City) have seemingly complied with the
settlements reached with UEFA capping their transfer spending and wages. More...
The UEFA Club Licensing and Financial Fair Play
Regulations have been implemented by UEFA since the season 2011/12 with the aim
of encouraging responsible spending by clubs for the long-term benefit of
football. However, the enforcement of the break-even requirement as defined in
Articles 62 and 63 of the Regulations (arguably the most important rules of
FFP) has only started this year. Furthermore, UEFA introduced recently
amendments to the Procedural rules governing the Club Financial Control Body
(CFCB) allowing settlement agreements to be made between the clubs and the
On Friday 16 May, UEFA finally published the nine
separate settlement agreements between the respective clubs and the CFCB regarding
the non-compliance with the Financial Fair Play (FFP) break-even requirements. More...