financeФинансы: теория и практика/Finance: Theory and PracticeFinance: Theory and Practice2587-56712587-7089Financial University under The Government of Russian Federation10.26794/2587-5671-2020-24-4-120-135finance-1049Research ArticleКОРПОРАТИВНЫЕ ФИНАНСЫCORPORATE FINANCEПрименение правил финансового fair play и повышение финансовой устойчивости футбольных клубов на примере «Манчестер Сити»Applying UEFA Financial Fair Play Rules and Improving the Financial Stability of Football Clubs Illustrated by the Example of Manchester City FChttps://orcid.org/0000-0001-9562-8535СолнцевИ. В.SolntsevI. V.

Илья Васильевич Солнцев — кандидат экономических наук, доцент, директор центра стратегических исследований в спорте РЭУ им. Г. В. Плеханова.

Москва

Il’ya V. Solntsev — Cand. Sci. (Econ.), Assoc. Prof., Director of sports research department.

ilia.solntsev@gmail.comРЭУ им. Г В. ПлехановаРоссияPlekhanov Russian University of EconomicsRussian Federation202018082020244120135Copyright © Солнцев И.В., 20202020Солнцев И.В.Solntsev I.V.Данная работа распространяется под лицензией Creative Commons Attribution 4.0.This work is licensed under a Creative Commons Attribution 4.0 License.https://financetp.fa.ru/jour/article/view/1049

Предметом данного исследования является мониторинг финансовой устойчивости футбольных клубов, реализованный в форме правил финансового fairpaly (ФФП) УЕФА. Цель работы - рассмотреть действующую систему оценки финансового состояния футбольных клубов и предложить меры по ее практическому применению. Актуальность работы подтверждается наличием широкого спектра финансовых проблем в современном футболе и формируется за счет детального анализа недавнего кейса футбольного клуба «Манчестер Сити», допустившего ряд нарушений правил ФФП УЕФА. Изучая основные претензии к клубу, автор проанализировал базовые положения правил ФФП, нарушения других клубов и принятые к ним санкции, особый акцент сделан на опыте российских клубов. Проведенный анализ позволил проиллюстрировать работу УЕФА и футбольных клубов, связанную с выполнением правил ФФП, на конкретном примере. Автором оценен потенциальный ущерб «Манчестер Сити», вызванный запретом на участие в Лиге чемпионов, и дополнительно - убытки, обусловленные остановкой чемпионата Англии из-за коронавирусной инфекции. Руководствуясь критериями, в соблюдении которых футбольные клубы Европы столкнулись с наибольшими сложностями, автором были произведены расчеты для «Манчестер Сити» и российского ПФК «ЦСКА Москва», подтвердившие наличие проблем, релевантных для каждого из клубов. Разработаны рекомендации по соблюдению требований УЕФА и система показателей для регулярного мониторинга и управления долгосрочной финансовой устойчивостью футбольных клубов. В дальнейшем подобные модели могут быть адаптированы и для других командных видов спорта.

This article considers the financial monitoring of football clubs under UEFA Financial Fair Play (FFP) regulations. The aim of the paper is to study the current system for assessing the financial stability of football clubs and propose measures for its practical application. The work is relevant due to a wide range of financial challenges in modern football and supported by a detailed analysis of a recent case of Manchester City football club accused of breaching FFP. Studying the main allegations against the club, the author analyzed the basic concepts of FFP, breaches of other clubs and sanctions imposed on them, with emphasis on the experience of Russian clubs. The analysis illustrated the role of UEFA and football clubs with regards to FFP implementation, considering a specific case. The author estimated the potential Losses of Manchester City due to the Champions League ban, and, in addition, the total losses due to the English Premier League suspension amid coronavirus threat. Using FFP criteria, the author analyzed the financial stability of Manchester City and Russian football club CSKA Moscow and identified similar problems for the clubs. The author outlined recommendations for UEFA rules compliance and presented a system of indicators that help to regularly monitor and manage the longterm financial stability of football clubs. The findings of the paper may find application in the field of other team sports.

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DOI: 10.17323/1813-8691-2020-24-1-117-145

The authors declare that there are no conflicts of interest present.