Finances: Regulating club financial expenditure to avoid debt
European
football's regulator, UEFA, has recently announced Financial Fair Play
proposals, designed to prevent clubs spending more than they earn. Rod Findlay,
a Partner with McDaniel & Co. Solicitors and the former in-house lawyer at
England's Rugby Football League, examines UEFA's current financial regulations
and its new proposals and compares them with financial regulation systems used
by other sports. He discusses the limits of financial regulation proposals and
questions whether or not they will achieve their aims.
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