Law 2101 Study Guide - Quiz Guide: Uefa Financial Fair Play Regulations, Economic Bubble, Costs In English Law
Document Summary
Financial fair play is interesting from two perspectives: it"s a topic in itself but it is also very closely linked to european law; to european competition law and to european fundamental laws under the treaty. In media, there are lots of big cases going on. It"s at the intersection of finance, accounting, law, sports regulations, etc. Uefa club licensing and financial fair play regulations. For licensing, there"s a procedure that takes place every year. Every club participating in the championship needs to show that its administrative, financial, organised structure is okay. Only if these criteria are met, licences are granted the club. the idea is to make sure that only the healthy organisations participate in a competition. The financial fair play system is an additional part to that system. Financial fair play is done by a monitoring procedure of uefa. Uefa monitors the financial situation of clubs in europe.
