UEFA - Development and implementation of Financial Fair Play Regulations has been saved
UEFA - Development and implementation of Financial Fair Play Regulations
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.
Building on the success of Club Licensing System and the football family’s consensus for change, UEFA has now successfully introduced the Financial Fair Play Regulations across European club football. The Deloitte Sports Business Group worked closely with UEFA on the initial feasibility assessment, regulatory development, and practical implementation of the Financial Fair Play Regulations.
Deloitte Sports Business Group has also provided assistance to UEFA for the successful implementation of the Regulations, including development of the IT system, supplementary guidance and educational material for stakeholders, design of the certification processes, and continuing support for changes to the regulations.
Financial Fair Play has been instrumental in substantially reducing the losses of European clubs, and has provided a framework for growth and investment.