Please use this identifier to cite or link to this item: https://hdl.handle.net/10419/298618 
Year of Publication: 
2020
Citation: 
[Journal:] European Journal of Government and Economics (EJGE) [ISSN:] 2254-7088 [Volume:] 9 [Issue:] 2 [Year:] 2020 [Pages:] 119-142
Publisher: 
Universidade da Coruña, A Coruña
Abstract: 
Institutional and legal reforms applied in the context of sports competitions often provoke structural changes that can be empirically investigated. Using a data set of 560 observations (20 teams per season, from 2009/10 to 2015/16, of teams playing in the Premier League, La Liga, Serie A and Ligue 1), this paper examines how the UEFA Financial Fair Play (FFP) regulations may have altered the football clubs' decisions concerning their sport and financial priorities. Moreover, based on a simple theoretical description, the paper shows that the increasing financial stability promoted by the FFP rules might actually imply - as an undesired side effect - a declined competitive balance affecting the European football leagues. Finally, the paper discusses some policy issues and recommendations.
Subjects: 
institutional regulations
professional football
financial fair play
competitive balance
wage-to-revenue ratios
JEL: 
D22
J24
J33
Persistent Identifier of the first edition: 
Creative Commons License: 
cc-by-nc Logo
Document Type: 
Article

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