Vsevolod Grabar, Konstantin Sonin, 20 October 2018

UEFA’s Financial Fair Play regulations, which aim to “introduce more discipline and rationality in club football finances”, have attracted significant criticism, with claims that their effect on competitive balance is uncertain and that they will deprive new clubs of a chance to take off. This column provides a theoretical argument to show that regulations such as salary caps or Financial Fair Play improve investors' incentives to bring money to clubs other than those in the top financial tier, helping to level the playing field.

Stefan Szymanski, 08 October 2018

Stefan Szymanski of the University of Michigan discusses how Financial Fair Play regulation brings little or no benefit for football fans or the players - the big winners are the owners of football clubs. The interview was recorded at the RES conference in 2014.

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