Legal Requirements and Problems to Create a Financial Balance between Professional Sport Clubs in the German Bundesliga

Compared to the Major Leagues in the United States

Nonfiction, Reference & Language, Law, International
Cover of the book Legal Requirements and Problems to Create a Financial Balance between Professional Sport Clubs in the German Bundesliga by Max Randerath, GRIN Verlag
View on Amazon View on AbeBooks View on Kobo View on B.Depository View on eBay View on Walmart
Author: Max Randerath ISBN: 9783656324140
Publisher: GRIN Verlag Publication: November 28, 2012
Imprint: GRIN Verlag Language: English
Author: Max Randerath
ISBN: 9783656324140
Publisher: GRIN Verlag
Publication: November 28, 2012
Imprint: GRIN Verlag
Language: English

Master's Thesis from the year 2012 in the subject Law - Comparative Legal Systems, Comparative Law, grade: A-, Golden Gate University, course: Sports Law, language: English, abstract: There is no question that the most popular sport in the world in terms of participation, viewership and business is soccer. Although soccer gets more popular today in the United States (US), the immense influence of the major sports football (NFL), baseball (MBA), basketball (NBA) and hockey (NHL) makes it almost impossible for soccer to compete in the US. The soccer industry generates revenues running into the tens of billions per year; the Top 20 clubs alone generated around 4,4 billion Euro ($5,37 billion) in the 2010/11 season. Despite increasingly high volumes of revenue, some European soccer clubs are in large amounts of debt. For example, Manchester United, the most valuable soccer club in the world at $1.86 billion, has debts of $756 million as a result of the 2005 takeover by American businessman Malcolm Glazer. To regulate the financial problems the Union of European Football Association (UEFA) invented the Financial Fair Play rules, which basically require that a team does not spend more than it earns. Besides the lack of financial stability there is also a competitive and financial imbalance between the clubs. The major US leagues created devices to prevent competitive and financial imbalance by restricting players, player agents and the clubs through salary caps, revenue sharing or a luxury tax. This thesis will analyze, if the devices are successful and if they would work in Germany and Europe as well. After an overview of the different structures of the leagues, it will be examined if there is competitive and financial balance in the leagues and after an overview of the devices, if the introduction of the devices really creates financial and competitive balance. It will also be reviewed if the rules are legally justified with a particular test of the Financial Fair Play Rules. At the end it will be discussed how the devices can be enhanced.

View on Amazon View on AbeBooks View on Kobo View on B.Depository View on eBay View on Walmart

Master's Thesis from the year 2012 in the subject Law - Comparative Legal Systems, Comparative Law, grade: A-, Golden Gate University, course: Sports Law, language: English, abstract: There is no question that the most popular sport in the world in terms of participation, viewership and business is soccer. Although soccer gets more popular today in the United States (US), the immense influence of the major sports football (NFL), baseball (MBA), basketball (NBA) and hockey (NHL) makes it almost impossible for soccer to compete in the US. The soccer industry generates revenues running into the tens of billions per year; the Top 20 clubs alone generated around 4,4 billion Euro ($5,37 billion) in the 2010/11 season. Despite increasingly high volumes of revenue, some European soccer clubs are in large amounts of debt. For example, Manchester United, the most valuable soccer club in the world at $1.86 billion, has debts of $756 million as a result of the 2005 takeover by American businessman Malcolm Glazer. To regulate the financial problems the Union of European Football Association (UEFA) invented the Financial Fair Play rules, which basically require that a team does not spend more than it earns. Besides the lack of financial stability there is also a competitive and financial imbalance between the clubs. The major US leagues created devices to prevent competitive and financial imbalance by restricting players, player agents and the clubs through salary caps, revenue sharing or a luxury tax. This thesis will analyze, if the devices are successful and if they would work in Germany and Europe as well. After an overview of the different structures of the leagues, it will be examined if there is competitive and financial balance in the leagues and after an overview of the devices, if the introduction of the devices really creates financial and competitive balance. It will also be reviewed if the rules are legally justified with a particular test of the Financial Fair Play Rules. At the end it will be discussed how the devices can be enhanced.

More books from GRIN Verlag

Cover of the book Gesetz ohne Gewissen? - Eine Analyse des Films 'Sophie Scholl - die letzten Tage' im Spannungsfeld von Politik, Moral, Religion und Recht by Max Randerath
Cover of the book Germany's tax treatment of cross border royalty payments to non-residents by Max Randerath
Cover of the book Die Welthandelsorganisation und Wirtschaftsordnungen im Lichte der Liberalisierung der Weltwirtschaft by Max Randerath
Cover of the book Aufklärung und Anarchismus im vormodernen China by Max Randerath
Cover of the book Die Außenpolitik der USA im Zweiten Weltkrieg by Max Randerath
Cover of the book Katheterablation bei Vorhofflimmern by Max Randerath
Cover of the book Weihnachten im Religionsunterricht by Max Randerath
Cover of the book Der Einfluss von präoperativen Coping-Strategien auf die Genesung nach einem chirurgischen Eingriff by Max Randerath
Cover of the book Die Periodengrenze zwischen Altertum und Mittelalter nach Henri Pirenne by Max Randerath
Cover of the book Role and Effects of Budgeting in Managerial Practice by Max Randerath
Cover of the book Neurokognitive und entwicklungspsychologische Überlegungen zum Thema Zweitsprachenerwerb by Max Randerath
Cover of the book Synthesekonzept für den prozeßorientierten Aufbau eines Technischen Controlling by Max Randerath
Cover of the book Scham, Schande, Ehre - Psychoanalytische und juristische Aspekte - Entwürdigung und 'totale Institution' by Max Randerath
Cover of the book Kants Teleologie-Begriff - Eine kritische Interpretation der 'Analytik' der teleologischen Urteilskraft by Max Randerath
Cover of the book Validität der Organisationsaufstellung als Ergänzung zur Assessment-Center-Methode by Max Randerath
We use our own "cookies" and third party cookies to improve services and to see statistical information. By using this website, you agree to our Privacy Policy