In the past European club football provided a textbook example of the "soft budget constraints phenomenon" initially … discriminates against true entrepreneurs wishing to develop mismanaged football clubs into sustainable businesses. Voluntary … quality is only slowly remunerated by the football markets. The fact that not a single Voluntary Agreement has been signed …

The Union of European Football Associations (UEFA) has become an industry in recent decades that has attracted many … investors. The UEFA issued a Financial Fair Play Regulation (FFPR) policy to control the financial condition of football clubs … provide a sense of security to investors and creditors. It is quantitative research that uses purposive data from the football …

clubs' sporting outcomes in the Spanish league. To this end, financial ratios and accounting variables obtained from the … differences are significant. The objective is threefold: firstly, we describe the financial/accounting structures of Spanish … league football clubs, showing how both their financial statements and ratios have evolved after the application of this law …