|Appears in Collections:||Faculty of Health Sciences and Sport Book Chapters and Sections|
|Citation:||Morrow S (2014) Football finances. In: Goddard J, Sloane P (ed.). Handbook on the Economics of Professional Football. Elgar Original Reference, Cheltenham: Edward Elgar, pp. 80-99.|
|Series/Report no.:||Elgar Original Reference|
|Abstract:||First paragraph: The substantial increases in income enjoyed by top- level football clubs in recent years, coupled with the resultant benefits gained by elite players, have resulted in a markedly increased emphasis on the business of football. Indeed financial performance has become one of the dominant narratives about football, with regular commentary on financial success or failure at both league and club level. This chapter begins with an overview of information available about football finance, identifying academic, professional and new media sources. It continues with an analysis of the financial state of professional football, focusing both on its impressive high- level revenue figures but also on financial challenges faced by some of its leagues and clubs. This provides the context for a discussion on the theoretical case for financial regulation in professional football, and on financial regulation in practice, specifically the Union of European Football Associations (UEFA)'s Financial Fair Play (FFP) regulations. The chapter concludes with a section on political consequences of FFP.|
|Rights:||Publisher policy allows this work to be made available in this repository. Published in Handbook on the Economics of Professional Football (ed.by [J Goddard and P Sloane]), copyright Edward Elgar Publishing. The original publication is available at: http://www.e-elgar.co.uk/bookentry_main.lasso?currency=US&id=14821 The only uses of this work permitted are private study or research.|
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