Volume: 15 Issue: 11
When the Union of European Football Associations (‘UEFA’) embarked on its mission to inject financial stability into European club football the prospect of controlling costs, specifically player acquisition costs, appeared daunting. Unable, or perhaps unwilling, to impose a cap or tax on excessive transfer fees and player salaries, UEFA imposed a licensing system that clubs were required to satisfy in order to compete in UEFA competitions. Some commentators at the time criticised UEFA’s Financial Fair Play (‘FFP’) Regulations on the basis that the choice to impose accounting rules rooted in internationally accepted principles would not limit the growth of player salaries and transfer fees and costs would continue to spiral out of control. Juan de Dios Crespo Pérez and Paolo Torchetti of Ruiz-Huerta & Crespo Sports Lawyers, present their views on why the FFP regime is not broken, in light of the criticism levelled at the sizable amounts changing hands during the 2017 summer transfer window, and pose a possible modification to the FFP Regulations that UEFA might want to consider in order to address the competitive balance issue.