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Financial Fair Play in European Football
Financial Fair Play in European Football
Jan Pieper
The need for regulation in European Club Football

According to the UEFA Benchmarking Report for the financial year 2011, the revenues of 700+ European top division clubs had grown by an average yearly rate of 5.6% in the preceding five years to a record total of €13.2bn. The 26 European top divisions with the biggest aggregate revenues had grown by 42% in five years (UEFA, 2013). While club revenues fluctuate more in the 27 mid and smaller top divisions, their aggregate revenues still increased by 29% in the same period, 2007 to 2011. The football industry was booming everywhere in Europe despite the challenging economic climate.

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