Fair Play Financiero
Definition of Fair Play Financiero
The term Fair Play Financiero is one that is strongly linked to the sports world, especially Soccer Football . Below we will show you what is the meaning of Fair Play Financiero and what are its origins.
In the world of soccer, the Financial Fair Play is a financial statute issued by UEFA that prevents member clubs from exceeding their expenses.
This provision was issued in order to prevent the clubs from incurring debts and exceeding their budget, which would lead to:
- Future financial problems.
- Default in payments.
- Scandals in the leagues.
- Unfair competition.
As a fact to take into account, this statute came into force as a provision of the Union of European Football Associations in 2009.
To maintain the financial control of the teams, non-compliance with these rules are penalized with millionaire fines or temporary suspensions depending on their severity.
In the case of economic fines, they can range from € 200,000 to € 60 million, a temporary restriction on club salaries or a reduction in the number of players.
In the case of suspensions, they can range from 1 to 2 seasons, as was the case with the Manchester City Club , suspended in the 2021 and 2022 seasons.
Another type of sanction used is to restrict player transfers for a limited period of time.
Origin of Fair play Financiero
Part of the origin of this term comes from the English language,
This phrase is often used as a synonym for a level playing field and fair competition between various individuals or institutions.
So, when reference is made to Fair play financiero, it talks about the economic conditions that maintain equal opportunities in the league.