Citation: VÖPEL, HENNING. "DO WE REALLY NEED FINANCIAL FAIR PLAY IN EUROPEAN CLUB FOOTBALL? AN ECONOMIC ANALYSIS."http://www.hwwi.org/fileadmin/hwwi/Publikationen/Externe_PDFs/1210201.pdf. Research Reports, 15 March 2011. Web. 16 Oct 2013.
Summary: In this article; it is mostly talking about the Financial Fair Play In European Club Football An Economic Analysis. It is issued that in order to ensure long-term financial stability and to restore the competitive balance, the UEFA’s Executive Committee,in agreement with the European Club Association
(ECA), unanimously approved a set of rules called “Financial Fair Play” that will come into force with the end of the current season in 2012.
Financial Fair Play implies that for the first time there will be a harmonized, European-wide and much tighter regulation for all European clubs. According to the UEFA, Financial Fair Play provides a regulatory framework that prevents clubs from fall into a debt spiral while ensuring competition based only on the resources they generate on their own.
Link: http://www.hwwi.org/fileadmin/hwwi/Publikationen/Externe_PDFs/1210201.pdf
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