La disciplina della redazione del bilancio di esercizio delle società di calcio. Confronto con l'esperienza internazionale ed impatto del c.d. "Financial Fair Play"

Translated title of the contribution: [Autom. eng. transl.] The discipline of drafting the financial statements of football clubs. Comparison with the international experience and impact of the so-called "Financial Fair Play"

Claudio Sottoriva, Alberto Benoldi

Research output: Contribution to journalArticlepeer-review

Abstract

The UEFA Financial Fair Play Regulations, first agreed in principle in September 2009 by the Financial Control Panel of football’s governing body in Europe (Union of European Football Associations – UEFA), were brought in to prevent professional football clubs spending more than they earn in the pursuit of success and in so doing getting into financial problems which might threaten their long term survival. Introduced amid concern at the heavy spending of a number of professional clubs across Europe, it was hoped that the regulations would eventually lead to a more ‘level playing field’ by preventing clubs with very wealthy owners who make substantial cash gifts to their club from gaining an unfair advantage over other clubs who are run on a more sustainable business model, and in so doing encourage lower levels of spending. The FFP Regulations provide for sanctions to be taken against clubs who do not spend within a set budgetary framework over several seasons.
Translated title of the contribution[Autom. eng. transl.] The discipline of drafting the financial statements of football clubs. Comparison with the international experience and impact of the so-called "Financial Fair Play"
Original languageItalian
Pages (from-to)147-191
Number of pages45
JournalRIVISTA DI DIRITTO ED ECONOMIA DELLO SPORT
VolumeVol. VII
Publication statusPublished - 2011

Keywords

  • financial fair play
  • principi contabili internazionali
  • principi contabili nazionali
  • società di calcio

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