What are the two Cornerstones of the upgraded financial standards with the introductiion of the new Club licensing and Financial Fair Play Regulations by UEFA?
What are the key questions coming out of that?
Investment behavior of clubs is driven by two factors
1.The contest logic of football competitions
2.The Soft Budget Constraints of football clubs
What are the two types of supporting organizations?
1.The state as a supporting organization
2.Private benefactors as supporting organization
Inefficiencies resulting from the SBC of football clubs
Managerial moral hazard: too much risk and too little care
Manageriel rent-seeking: weak incentives to innovate/develop the business
Crowding out incentives for “good management”
Against this background FFP is an attempt…
What serious concerns remain?
The prosperity concern (1)
The prosperity concern (2)
The suspense concern
Conclusions: 1. How does FFP impact on managerial incentives?
Conclusions: 2.What is the likely impact of FFP on financial prosperity in European club football?
Conclusions: 3.What is the likely impact of FFP on “suspense” in European club football?
Some statistics
Zuletzt geändertvor 2 Jahren
