Financial Fair Play's Impact on the Economic and Financial Sustainability of European Football Clubs

dc.contributorAalto Universityen
dc.contributorAalto-yliopistofi
dc.contributor.advisorKitti, Mitri
dc.contributor.authorKumar, Karthik
dc.contributor.departmentTaloustieteen laitosfi
dc.contributor.schoolKauppakorkeakoulufi
dc.contributor.schoolSchool of Businessen
dc.date.accessioned2024-11-17T17:05:35Z
dc.date.available2024-11-17T17:05:35Z
dc.date.issued2024
dc.description.abstractThe aim of this literature review is to study the impact of the Financial Fair Play (FFP) Regulations imposed by UEFA on the Economic and Financial Sustainability of European Football Clubs. These are measured through several factors, including a Multiple Criterion Decision Analysis using several financial ratios, and competitive balance using ELO and financial indicators. The empirical work reviewed offers nuanced results. Both simulations and empirical evidence show an increase in financial sustainability but indicate that competitive balance is disrupted as a result of FFP. I conclude that FFP has shown beneficial signs to European Football Clubs. However, due to the indirect negative impacts on competitive balance and other negative incentives that arise, several alternative regulation styles or details must be implemented.en
dc.format.extent24
dc.format.mimetypeapplication/pdfen
dc.identifier.urihttps://aaltodoc.aalto.fi/handle/123456789/131641
dc.identifier.urnURN:NBN:fi:aalto-202411177152
dc.language.isoenen
dc.programmeTaloustiedeen
dc.subject.keywordFinancial Fair Play (FFP)en
dc.subject.keywordfootballen
dc.subject.keywordeconomic sustainabilityen
dc.subject.keywordfinancial sustainabilityen
dc.titleFinancial Fair Play's Impact on the Economic and Financial Sustainability of European Football Clubsen
dc.typeG1 Kandidaatintyöfi
dc.type.ontasotBachelor's thesisen
dc.type.ontasotKandidaatintyöfi

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