timelets: (Default)
timelets ([personal profile] timelets) wrote2020-02-14 10:21 pm

TIL: UEFA balanced budget requirements for clubs


Financial Fair Play was introduced by Uefa to prevent clubs in its competitions from spending beyond their means and stamp out what its then president Michel Platini called "financial doping" within football.

Clubs need to balance football-related expenditure - transfers and wages - with television and ticket income, plus revenues raised by their commercial departments. Money spent on stadiums, training facilities, youth development or community projects is exempt.

https://www.bbc.com/sport/football/51510284


I really like the term "financial doping."