Financial Fair Play has been saved
Financial Fair Play
The Sports Business Group at Deloitte has provided advisory assistance to UEFA for the development of the UEFA Financial Fair Play Regulations (first approved in 2010) and has further assisted UEFA with implementation matters.
The break-even requirement, the cornerstone of UEFA’s Financial Fair Play Regulations, applies to clubs in UEFA competitions from the 2013/14 season and aims to help clubs across Europe to achieve a more sustainable balance between their costs and revenues and encourages investment for the longer-term benefit of football.
These requirements supplement the Club Licensing Regulations, which have been successfully operating across Europe since 2004/05. Previously, Deloitte also provided advisory assistance to UEFA for the development and implementation of the financial criteria of the Club Licensing Regulations.
Andrea Traverso, Head of Club Licensing, UEFA:
“Deloitte’s Sports Business Group has a deep understanding of international financial reporting and auditing, as well as the complex stakeholder map, which made them the ideal partner to assist us with the development of new financial criteria for UEFA Club Licensing. The resulting rules, which have been applied to more than 600 clubs in over 50 territories, were both technically robust and capable of being implemented in practice. Their partnership approach was both flexible and efficient and we enjoyed working closely with them.”