On 12 January 2017 UEFA published its eighth club licensing benchmarking report on European
football, concerning the financial
year of 2015. In the press release that accompanied the report, UEFA proudly announced
that Financial Fair Play (FFP) has had a huge positive impact on European
football, creating a more stable financial environment. Important findings included
a rise of aggregate operating profits of €1.5bn in the last two years, compared
to losses of €700m in the two years immediately prior to the introduction of
Financial Fair Play.
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)
Source: UEFA’s
eighth club licensing benchmarking report on European football, slide
107.
Meanwhile the aggregate losses dropped by 81% from
€1.7bn in 2011 to just over €300m in 2015.More...
Last week, UEFA, presented its annual Club Licensing Benchmark Report,
which analyses socio-economic trends in European club football. The report is
relevant in regard to the FFP rules, as it has been hailed by UEFA as a
vindication of the early (positive) impact of FFP. This blog post is a report
on the report. We go back in time, analysing the last 5 UEFA Benchmarking
Reports, to provide a dynamic account of the reports findings. Indeed, the 2012
Benchmarking Report, can be better grasped in this context and longer-lasting
trends be identified.More...