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UEFA FFP Enters A New Phase As Spending Continues, Confusion Reigns

Monday, July 15, 2013

UEFA FFP Enters A New Phase As Spending Continues, Confusion Reigns

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As European football clubs are set to submit their accounts to UEFA to begin the first important checkpoint in Financial Fair Play, Director of the Birkbeck Sport Business Centre at the University of London Sean Hamil joins us for his third appearance to have a deeper philosophical chat on the merits, goals and real objectives of these regulations and what the challenges will be going forward. At the core of this discussion is the ongoing financial concerns from all levels of football, how the goals of FFP have been misplaced or misinterpreted and how UEFA must now be fully prepared to demonstrate a willingness to make hard decisions and enforce compliance. That said, FFP is not the punitive set of rules largely being assumed in the marketplace and was never just a UEFA initiative as many different key stakeholders including the ECA and FIFPro were brought into the consensus-building process. We examine the big casualties being leveraged on football today, namely, the rising cost of success with a group of owners accountable to only their own vanity projects, a business environment that continues to attract bad owners with rare good ones, and how the tax liability continues to be dropped on average working people all across Europe. We also tackle the question of a breakaway league and whether those claims can be taken seriously before 2018, and why public investment in stadia can no longer be the panacea as public institutions are completely leveraged. Also discussed here is how lower level football has instituted other forms of Financial Fair Play already to protect football at its base levels and why football must adopt these strategies at even the top levels now before the sport fully destroys itself as public institutions circle the wagon on tactics where payables and taxation are often not addressed. In 2011 Sean Hamil gave evidence to the House of Commons Culture, Media and Sport Committee enquiry into the Governance of English football and was quoted extensively in the final report, and therefore is a key academic voice in support of common sense regulation that seeks to address serious financial crisis left constantly at the door of the football industry and its fans left with the overdue receipt.


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