Football & Finance Essay example
Undergraduate
Essay
Finance & Accounting
Pages 12 (3012 words)
Download 0
Name: University: Course: Tutor: Date: Football and Finance Background of the Project According to the recent statement release by the Union of European Football Associations (UEFA), about 46 European football teams would need funds to satisfy the incoming fiscal control regulations…

Introduction

The spending on salaries and players was 43 percent up over the previous five years. European clubs assessment is a requirement of Uefa’s financial fair play policies, which focuses on reducing debt and stopping teams from spending above their capability. According to Uefa’s rule of financial fair play, teams that fail to meet the requirements of the union’s policies face sanctions or suspension from participating in the continent’s major competitions. According to 2009, 2010 and 2010 financial reports, many clubs participating at both clubs and European competition levels exhibited significant amount of losses in relation to the Uefa’s minimum low of €5 million. Many European football clubs including top flight clubs have recently shown numerous financial drawbacks adding to recent increase in the total loss experience in the European football industry. There have been public outcries from some clubs regarding financial fair play by some of the continent’s top division clubs. A considerable number of clubs have undergone liquidation while many more face the threat of possible bans from taking part in Uefa Champions League and Europa League, which are the continent’s most prestigious football competitions. Liquidation is the worst experience any club would ever wish to undergo. ...
Download paper
Not exactly what you need?

Related papers

Finance and Accounting Essay: Corporate Finance
Contents Corporate Finance   1 Executive summary 2 Contents 3 Introduction 5 Evaluation of different sources of long term capital 5 Sources 5 Cost 7 Risk 7 Advantages 7 Disadvantages 8 Issues involved in seeking an appropriate balance between different types of long term finance and the balance with the short and medium term finance 9 Gearing 9 Traditional and Modigliani and Millar theories 9…
football speech
This will enable them to comprehend how the professional sport is actually played, as well as apprise them of the global nuances, changes and aspirations that are shaping up with the passage of time. I am sure that the England team can rise way above my expectations if the young ones of today are given a chance to showcase their true talents as the country is filled with immense talent, skills and…
Arsenal Football Club
Historical Record of Arsenal Football Club …
Finance
Although, it is practically not possible to control some forces that operate outside a business, such as availability of the capital and the world economic conditions, management need to inspire and guide internal operations in helping ensure a secure competitive position within the marketplace. Moreover, both innovation and adaptability are essential in helping gain market share, and stay…
Finance
To conduct this purpose commercial banks tend to lend money to private individuals as well as organizations so these individuals and organizations can use this money to make further investments and conduct expenses. Another purpose of such banks is to accept deposits made by individuals and organizations (Viney, 2009, p.50). Commercial banks even conduct several secondary functions which include:…
Finance
The capital structures of the companies were affected strongly since the availability of debt capital financing as well as equity capital financing declined considerably. Under influence of the financial crunch firms reduced security issuance and financial institutions reduced issuance of loans by a large extent (Fosberg, 2012). Among many consequences, the major consequence faced by the firms was…
finance
Sainsburys is second in terms of market share, ASDA is third and Morrisons is fourth (with 11.8), according to Reuters Finance. But when we look into market share increase over the past two years we find that Tesco’s profit margin in 2011 was 8.47% and decreased to 8.15% in 2012 perhaps reflecting the overall decline in retail profits due to the weakened economy. It is important to note though…