DOCSLIB.ORG

UEFA EURO 2024: Tournament Requirements

Total Page：16

File Type：pdf, Size：1020Kb

Download full-text PDF Read full-text
UEFA EURO 2024: Tournament Requirements UEFA EURO 2024 Tournament Requirements WE CARE ABOUT FOOTBALL UEFA EURO 2024 Tournament Requirements Sector 01 — Introduction and Overview Table of contents 1 — Introduction ---------------------------------------------------------------------------------------------------------- 1 2 — Glossary --------------------------------------------------------------------------------------------------------------- 2 3 — The Bidding Procedure ----------------------------------------------------------------------------------------- 5 Overview 5 Initiating phase 6 Bid Dossier development phase 6 Evaluation Phase 6 4 — The Bid Requirements ------------------------------------------------------------------------------------------ 7 The Tournament Requirements 7 The Bid Dossier Template 7 The Staging Agreement and Undertakings 8 5 — Support process --------------------------------------------------------------------------------------------------- 9 General framework 9 Contacts 9 FAME Bid Portal 10 Bid Requirements modifications 11 6 — Regulations and reference documents ---------------------------------------------------------------- 11 List of regulations 11 List of reference documents 12 UEFA EU RO 2024 To urname nt Req uirements 1 — Introduction As the world's third largest sports event, the UEFA European Football Championship has the overwhelming ability to awaken emotions, achieve positive change and unite people all over Europe. The organisation of such an event is very complex and only possible if the host is able to provide the relevant infrastructure (state-of-the-art Stadiums, sufficient and appropriate accommodation facilities, efficient public transport system, etc.) and to satisfy the demands of all relevant stakeholders, such as participating teams, supporters, the UEFA family, media, broadcast partners, sponsors, etc. 17/03/2017 Sector 01 — Introduction and Overview | Page 1 UEFA EURO 2024 Tournament Requirements The bid requirements are designed to provide all member associations that wish to bid to host UEFA EURO 2024 with the conditions that the Host Associations must fulfil and the basis upon which bidders will be evaluated by UEFA. In addition, they set out the information and materials that Bidders must provide and guide them in the preparation of their Bid Dossiers. 2 — Glossary All terms used in the Bid Requirements that are defined in the glossary are written in uppercase. Ambush Marketing advertising, marketing, promotional and/or public relations activities (including commercial advertising, street selling, leaflet distribution and product distributions/give-aways) directly and/or indirectly relating to UEFA, the UEFA European Football Championship, UEFA EURO 2024 and/or the other events related to it, which are intended to create a direct or indirect association with UEFA, the UEFA European Football Championship, UEFA EURO 2024 and/or the other events related to it or to otherwise capitalise on its/their goodwill and prestige but which are undertaken by a person not authorised to do so by UEFA. Authorities any and all government, police, customs, fire, medical, airport, army and any other local, regional or national authorities (whatever the legal form they have e.g agency, office) involved directly or indirectly in the staging and organisation of UEFA EURO 2024 and the other events related to it. Page 2 | Sector 01 — Introduction and Overview 17/03/2017 UEFA EURO 2024 Tournament Requirements Availability Period the period commencing 4 weeks before the opening match of the Tournament and ending 7 days after the last match at the relevant Stadium. Bid Dossier the documents completed by the Bidders and returned to UEFA as part of the Bidding Procedure, being a formal offer of the Host Association to host UEFA EURO 2024 in accordance with the Bid Requirements. Bid Dossier Template the documents provided by UEFA to the Bidders as part of the Bid Requirements setting out the guidelines on how each Bid Dossier must be formatted, how the provided forms must be completed, which supplementary documents must be provided and how the agreements must be presented. Bid Requirements the documents provided by UEFA to the Bidders setting out the requirements that the Host Association must satisfy to host the Tournament and the basis upon which the Bid Dossiers will be evaluated by UEFA for the selection and appointment of the Host Association which comprise: 1. the Tournament Requirements; 2. the Bid Dossier Template; and 3. the Staging Agreement and Undertakings. Bidder each UEFA member association bidding to host the Tournament, from the time such UEFA member association declares its interest to bid. Bidding Procedure the entire procedure conducted by UEFA to appoint the Host Association as outlined in the bid regulations. It is divided into an initiating phase, a Bid Dossier development phase and an evaluation phase. Clean Site Principle the principle that, throughout a certain exclusivity period, the Official Sites must be: (a) free and clean of any contractual obligations of whatever nature such as (without limitation) obligations relating to sponsorship and advertising agreements, naming rights agreements, leases, reserved seating arrangements, that have not been authorised by UEFA in advance; and (b) otherwise free from any other obligations or restrictions which would limit in any way the ability of: (i) UEFA and/or the Host Association from exercising their rights or performing their obligations in connection with UEFA EURO 2024; and/or (ii) the Commercial Partners from exercising the Commercial Rights. For the avoidance of doubt, during the exclusivity period, no commercial signage of any type should be visible within, or in the immediate vicinity of, the Stadium outer security perimeter unless it is expressly authorised by UEFA. Commercial Partners any entity to which UEFA grants any Commercial Rights in relation to the Tournament, which entities will be communicated by UEFA to the Host Association in due course. Commercial Rights any and all commercial rights and opportunities in and in relation to the UEFA European Football Championship, UEFA EURO 2024 and the other events related to it, including any and all advertising, promotion, marketing, merchandising, licensing, franchising, sponsorship, association, hospitality, publishing, retailing and all media rights (including all forms of television, radio, digital, wireless and Internet distribution and any other current and/or future media rights). Confirmation Letter the letter issued by each relevant Authority, as identified by UEFA during the Bidding Procedure and in accordance with the Bid Requirements issued by UEFA as part of the same process, to confirm irrevocably 17/03/2017 Sector 01 — Introduction and Overview | Page 3 UEFA EURO 2024 Tournament Requirements the compliancy with applicable laws of the set-up agreed by UEFA and the Host Association for the staging and organisation of UEFA EURO 2024 and the UEFA understanding of the terms of such laws. Engagement Letter the letter issued by any Authorities or by any third party identified by the Host Association as having a key role in a domain of the organisation and the staging of UEFA EURO 2024 (and in particular the Host City Authorities), which is not a Guarantee, an Undertaking or a Confirmation Letter, based on the terms of the template engagement letter provided by UEFA as part of the Bid Requirements, and committing irrevocably UEFA EURO 2024 Tournament Requirements to comply with the relevant terms of the . FAME Bid Portal the UEFA website that provides access to all information and requirements related to the bid. Fan Zone an area accessible to the general public which is set up by the Host Cities, at which matches of UEFA EURO 2024 may be transmitted on giant screens and the Commercial Partners may organise a variety of activities, entertainment and displays related to UEFA EURO 2024 according to UEFA's instructions and guidelines. Guarantee written guarantees requested by UEFA, as part of the Bid Dossier Template obtained from the competent Host City or Host Country Authorities in relation to the staging and organising of UEFA EURO 2024 and the other events related to it, based on the provided templates. Host Association the Bidder that is appointed by the UEFA Executive Committee to host UEFA EURO 2024. Host City any city in the Host Country that is to host matches of the Tournament and be entitled to use the title of one of the official Host Cities of the Tournament. Host Country the country of the UEFA member association appointed by the UEFA Executive Committee as the Host Association. Host Site any city, where an Official Site is located, which is not the Host City. Local Organising Structure a (i) non-incorporated, informal working group or a (ii) separate entity, which is specifically created, by the Host Association (alone or with third party(ies)), consisting of the persons representing the Host Association, the Host City Authorities and/or the relevant Host Country Authorities as well as any other third party (including Authorities) the Host Association considers as having to seat in this working group/entity for the purposes of ensuring that all organisational milestones and projects, as well as the Host Association obligations are developed/delivered and that exchange of information between all relevant parties is properly implemented. Matchday (MD) the day on which one or more matches of the Tournament take place. "MD-1" is the day before a Matchday and "MD+1" the day after a Matchday.
Load more

Recommended publications
  • UEFA Cup Groups 03 Euro 2008 SA National Coaches in Berlin Venues
    11 . 0 6 Including UEFA Cup groups 03 Euro 2008 SA 06 National coaches in Berlin 10 Venues for club competition finals 12 No 55 – November 2006 COVER IN THIS ISSUE National coaches in Berlin 10 Italy (Alberto Aquilani on the UEFA Cup groups 03 European Women’s Championship revamped 11 cover), who have already won the European Under-21 Championship EURO 2008 mascots 06 Executive Committee meets in Ljubljana 12 on several occasions, are through Independent European Sport Review 14 to next year’s Under-21 final round The therapeutic benefits in the Netherlands. of football 08 News from member associations 16 PHOTO: SABATTINI CrucialEditorial times Football’s governing bodies – both at national and international level – were created to govern and run the game at a time when football was primarily a recreational pursuit. Despite moving with the times, they are, however, no longer in the best position to sort out for themselves the many problems that confront them. Corruption, money laundering, match-fixing, misplaced government interven- tion, legal disputes of various sorts, and so on, can, indeed, only be dealt with effectively if authority is clearly defined and if the status and independence of football’s governing bodies is recognised by law and they are provided with the necessary means. The Independent European Sport Review initiated by the sports ministers of the EU’s five key member states in cooperation with UEFA and FIFA is an important step in this direction. Its concludes in favour of sport being accorded a special, independent status and supports the European sport model.
    [Show full text]
  • 1 FIFA ONLINE TOURNAMENTS Tournament
    FIFA ONLINE TOURNAMENTS Tournament Rules FIFA Online Tournament Rules This page contains the rules about the gameplay and player behavior within our tournaments. Every gamer must be aware of the behavior guidelines and online tournament rules. 1. General Rules 1.1 The Player is a single person and cannot substitute another individual in their place to play matches under their Gamer ID during the tournament at any time. A player can only register with one account/ Gamer ID. A slot in the tournament cannot be transferred to another player, nor can another player play under this Gamer ID. Each Gamer ID will be directly tied to the participant during the tournament. 1.2 The Player assumes that each participant who enter a tournament is aware of all the rules. Insufficient knowledge of the rules cannot be used as an excuse for breaKing the rules. 1.3 Every participant who breaks a rule, will be subject consequences. The consequence will be decided by the Tournament Coordinator. Examples of punishments are: 5-0 loss, replay, deduction of points, dismissal from tournament (forfeits), a temporary or permanent ban for future participation. 1.4 Tournament formats will be announced before each event and sent to the participants. Contact information, Gamer ID, and timelines for completing the match will be sent to each player. 1.5 Matches need to be played within the times the tournament format shows. 1.6 Gamers who participate are required to play with the Gamer ID (PSN/XBOX Account) they have specified. 1.7 The Gamer ID which is being used has to equal to the Gamer ID shown on the roster.
    [Show full text]
  • Three Trophies to Conquer
    Number 100 08/2010 Three trophies to conquer UEFADirect100E.indd 1 11.08.10 16:45 2 In this issue From the World Cup to EURO 2012 4 From Offi cial Bulletin UEFA Champions League payouts 6 UEFA Europa League gets off to to UEFA·direct a promising start 8 France win European U19 Championship 10 n March 1956, a little less than two years after UEFA Spain win European Women’s U17 Iwas founded, vice-president Gustav Sebes suggested to Championship 12 the Executive Committee that a quarterly UEFA bulletin be May 1956 News from member associations 16 produced in the three UEFA offi cial languages, English, French and German, and circulated to all national member associations. His idea was accepted and, in May 1956, the maiden Cover issue of the Offi cial Bulletin came out. In his message on Under starter’s orders again, both for Europe’s the fi rst page, the UEFA president, Ebbe Schwartz, set out national teams, as the EURO 2012 quali- the publication’s aims as being to ensure “that the national fi ers get under way, and the clubs dreaming of UEFA Champions League or UEFA Europa associations of our continent may be informed of news and League glory this season. problems which occur within our continent.” Photo: UEFA-Woods From May 1956 to December 2001, 177 issues of the Offi cial Bulletin were published. During this time, the maga- zine grew in size, expanded its readership and opened up its pages to contributions from the national associations, March 1976 enabling them to share their news with their fellow UEFA members.
    [Show full text]
  • 2021-22 Tssaa Sports Calendar Basketball (Boys’ and Girls’)
    2021-22 TSSAA SPORTS CALENDAR BASKETBALL (BOYS’ AND GIRLS’) Pre-Season Team Practice is not allowed. IMPORTANT BASKETBALL DATES First Practice Date is the Monday of NFHS Week 18. Rules Meetings are offered online (http://tnhs.us/65cnx5) in November. Scrimmage Rule does apply. First Practice Date ............................................................ Nov. 1, 2021 The Date of the First Contest allowed is the Monday of NFHS Hall of Champions Games ........................................ Nov. 15-20, 2021 Week 21. Eligibility and schedules must be filed online. First Contest Date ........................................................... Nov. 22, 2021 Deadline to File Eligibility & Schedules .......................... Nov. 22, 2021 Maximum number of regular season contests is 24 games. DII-A Regions (MBC) ...................................................... Feb. 19, 2022 Maximum number of tournaments is two with each DII-A Girls’ First Round, DII-AA Girls’ First Round ......... Feb. 22, 2022 tournament counting as two games. DI Districts, DII-A Boys’ First Round Maximum of five days of Off-Season team practice within a & DII-AA Boys’ First Round .......................................... Feb. 23, 2022 10 consecutive school day period. DI Girls’ Region Quarterfinals, DII-A & DII-AA Girls’ Quarterfinals ................................................................. Feb. 25, 2022 In the Summer there are no restrictions in regard to practice. DI Boys’ Region Quarterfinals, DII-A & DII-AA Boys’ Quarterfinals ..............................................................
    [Show full text]
  • SPORT Page 4 FOOTBALL
    NNBABA | Page 5 GGOLFOLF | Page 6 Phoenix Suns DeChambeau scorch Denver feud good for Nuggets for 2-0 the game, says series lead Koepka Friday, June 11, 2021 CRICKET Dhul-Qa’da 1, 1442 AH Boult at the double GULF TIMES before England recover in 2nd Test SPORT Page 4 FOOTBALL Euro 2020 fi nally set for lift -off under Covid cloud (Above) Jerseys The action in the continent-wide event kicks off today in of national teams hang in the Rome, where Italy take on Turkey in front of 16,000 fans streets of Baku, Azerbaijan, as part AFP also tested positive for the virus, favourites despite being one of UKRAINE, RUSSIA IN of promotions for Paris, France with six reserve players called up the few traditional giants not to SHIRT ROW the UEFA Euro on stand-by. have any games at home. The UEFA has also demand- yesterday. (AFP) But despite the ongoing threat, world champions’ fi rst match is ed that Ukraine makee he delayed Euro 2020 UEFA president Aleksander in Munich against Germany on changes to its jersey afterr will fi nally get under- Ceferin has been bullish, insist- Tuesday. Russia complained. way today, a year behind ing Euro 2020 will be safe. “All the other countries envy European football’ss schedule, with Covid “It will be the perfect oppor- us,” said a recent front page of governing body said thehe Tstill set to cast a shadow over the tunity to show the world that Eu- French sports daily L’Equipe message “Glory to thehe tournament.
    [Show full text]
  • 2021 Southern Regional Championships Tournament Rules
    2021 US YOUTH SOCCER SOUTHERN REGIONAL CHAMPIONSHIP TOURNAMENT RULES 1.1. GENERAL INFORMATION A State Commitment: 1. Fourteen (14) teams allotted per state (13U, 14U, 15U, 16U, 17U, 18U and 19/20U boys and girls State Champions or State Representative) 2. State must notify the Southern Regional (SR) Chair of any unfilled slots by the team commitment deadline of March 31, 2021. 3. The Wild Card process will then be used to fill any open slots in a bracket (age group and gender). 4. If multiple slots are open in a bracket they will be filled in the order they are submitted to the (SR) Chair. 5. The Wild Card process could result in multiple state teams being placed in the same bracket. If after the tournament draw that occurs the bracketing result will remain unchanged. 6. Slot(s) still vacant by the end of the Wild Card process will be returned to the state “owner” of the slot(s) who will be responsible for payment of any team fees deemed applicable by the Southern Regional Tournament Committee (RTC). B Fees 1. State Entry Fees The $10,500 entry fee is required for each participating state (14 x $750/ team). Each State Association entered into the competition must pay the entry fee. The entry fee shall be remitted directly to the National Office upon invoice, but no later than May 15th, after the state entries and wildcards have been determined. Refer to the State Payment Schedule for Wild Card. 2. National League Conference Fees The National League (i.e. Piedmont Conference; Frontier Conference; Sunshine Conference and Mid-South Conference) entry fee of $42,000 will be paid directly to the National office by the National League no later than May 15th Calculation: (56 x $750 /team).
    [Show full text]
  • THE IMPORTANCE of TRANSPARENCY in CORPORATE GOVERNANCE: the FIFA and UEFA CASES LLM International Business Law, Tilburg Law Sc
    THE IMPORTANCE OF TRANSPARENCY IN CORPORATE GOVERNANCE: THE FIFA AND UEFA CASES LLM International Business Law, Tilburg Law School Supervisor – Prof. Erik P.M. Vermeulen Author – Volodymyr Kravets June 10, 2016 Tilburg Contents Introduction………………………………………………………………………………………………………………………….3 1st chapter…………………………………………………………………………………..…………………………….………… 5 Establishment and development of FIFA and UEFA……………………………………………………………….5 2nd chapter.……………………………………………………………………………………………………………………..…...8 Structure of FIFA and UEFA ……………………………………………………………..…….………………………….…8 3rd chapter …………………………………………………………………………….…………..…………………………….…16 Features and characteristics of non-profit organizations ……………………………………….……………16 4th chapter ……………………………………………………………..……………………………………………….……….…20 Financial performance of FIFA and UEFA ………………………………………………….…….………………..…20 5th chapter……………………………………………………………..………………………………………………….….….…23 5.1 Role of stakeholders……………………………………………………………..………………..………….……….…23 5.2 How the main stakeholders influence on FIFA and UEFA…………………………….…………………26 6th chapter ……………………………………………………………..………………………………………….…………….…29 6.1 New challenges for FIFA and UEFA ……………………………………………….…………….……..…………29 6.2 Lack of transparency in making decisions ……………………………………………..…….…………..……31 7th chapter ……………………………………………………………..…………………………………………….………….…33 7.1 Ways of future development ……………………………………………………………..………..……………….33 7.2 Possibility and benefits of invitation of independent CEO.…………………………….………………34 7.3 Possibility and benefits of FIFA and UEFA merger………………………………………………………….35
    [Show full text]
  • Pool Play and Playoff Formats: 8 Teams
    Pool Play and Playoff Formats: 8 Teams Pool play format: 2 courts, 3 referees, 8 teams, 18 matches 2 pools of 4 teams For pools of 4 teams, the best of 3 sets will win matches. Each non-deciding set will be won by the team that first scores 25 points with a minimum 2-point advantage (no scoring cap). If there is a deciding set, it will be won by the team that first scores 15 points with a minimum 2-point advantage (no scoring cap). Change sides when a team earns 8 points. A point will be scored on each rally. If the receiving team wins the rally, they score a point and gain the serve. Match order: Match 1 Match 2 Match 3 Match 4 Match 5 Match 6 [team in () refs] 1 vs. 3 (2) 2 vs. 4 (1) 1 vs. 4 (3) 2 vs. 3 (1) 3 vs. 4 (2) 1 vs. 2 (4) Tournament format: All teams advance. All teams must be ranked within their pools based on match percentage first. For any ties, use the tie-breaking procedure below. All first-place and second-place teams to the Gold playoffs. All third-place and fourth-place teams to the Silver playoffs. Playoff positions on the tournament brackets will be based on pool finish to avoid teams from the same pool playing each other in the first round. Seeding procedure: Pool A Pool B Seeds 1, 4, 5, 8 Seeds 2, 3, 6, 7 Teams from the same club, regardless of seed, should not be placed in the same pool.
    [Show full text]
  • 2021-2022 TENTATIVE Sport Season Dates and Game/Tournament Limits
    2021-2022 TENTATIVE Sport Season Dates and Game/Tournament Limits First District Sport Number of Contests Allowed Date(s) of State Conference Day of Certification Championship Practice Deadline 0 tournaments and 26 games or 1 tournament and Baseball 23 games or 2 tournaments and 20 games or 3 All conferences 1/28/22 5/3/22* 6/8-6/11/22 tournaments and 17 games 0 tournaments and 27 games or 1 tournament and Basketball 25 games or 2 tournaments and 23 games or 3 All conferences 10/20/21 2/12/22* 3/3-3/5/22 (Girls) tournaments and 21 games 0 tournaments and 27 games or 1 tournament and Basketball 25 games or 2 tournaments and 23 games or 3 (Boys) All conferences 10/27/21 2/19/22* 3/10-3/12/22 tournaments and 21 games Cross Year Country 8 meets All conferences 10/16/21** 11/6/21 round (Girls & Boys) 1A-4A & 5A, 6A w/no 8/2/21 12/15-12/18/21—1A- Football 10 games spring training 5A, 6A 11/6/21* 8/9/21 6A (DI & DII) w/spring training Golf Year G: 5/16-5/17/22 B: 5/9- 8 tournaments All conferences 4/9/22** round 5/10/22 (Girls & Boys) Soccer 0 tournaments and 21 games or 1 tournament and 19 games or 2 tournaments and 17 games or 3 4A, 5A, 6A 11/29/21 3/22/22* 4/13-4/16/22 (Girls & Boys) tournaments and 15 games 0 tournaments and 26 games or 1 tournament and Softball 23 games or 2 tournaments and 20 games or 3 All conferences 1/21/22 4/26/22* 6/1-6/4/22 tournaments and 17 games Swimming & Diving 8 meets Year All conferences 1/29/22** 2/18-2/19/22 round (Girls & Boys) Team 8 tournaments total (Team & Individual Year Tennis 4A, 5A, 6A 10/9/21*
    [Show full text]
  • Tournament Rules & Information
    Tournament Rules & Information 1) The address and directions to each park can be found under “Parks” at www.usssa1.com. 2) In the event of inclement weather, call the Rainout Line at 410-220-0050 to receive up to the minute updates. You can also visit our website, www.usssa1.com, and click the Rainout Line banner to view the status online. Also, download the Rainout Line app on your smart phone to check the status as well. Note that we do not individually contact each team in the event of adverse weather conditions. Rather, it is the team’s responsibility to check the lines of communication listed above. 3) Teams should report in to the tournament director 1 hour before the start of their first game, letting the director know that they have arrived and to receive any last minute instructions. 4) Forfeit time is game time; however, the director’s discretion may be used if unique circumstances warrant otherwise. 5) Teams must be prepared to play 15 minutes prior to the scheduled start time of a game, or 1 hour ahead of schedule if we were to have bad weather. Otherwise, a forfeit may be declared. 6) In pool play, the team with the most USSSA points as of the start of a tournament will have choice of Home or Visitor. If teams are tied, Home or Visitor will be determined by coin toss. In Championship play, if two teams are seeded the same, the team with the most points as of the start of the tournament will have choice of Home or Visitor.
    [Show full text]
  • Nonschool Competition During the School Sport Season
    Nonschool Competition During the School Sport Season The WIAA rule regarding participation in nonschool competition during the school sport season in the same sport states: Article VI – Nonschool Participation Section 1 – In-Season A. It is the philosophy of this Association that a student owes loyalty and allegiance to the school and team of which he/she is a member during the season of a given sport. Athletes may compete in not more than two nonschool competitions with school approval during each regular sport season. The contest(s) will not count against the individual maximum for the athlete in that sport. Nonschool competition will not be allowed during the respective WIAA tournament series in a sport. A student becomes ineligible in a sport for the remainder of the season for competing in more than two nonschool games, meets, or contests in the same sport during the season of practice and competition established by the school. The penalty may be reduced upon request of a school on the basis of documented extenuating circumstances. For additional rules including reporting late, see Rules of Eligibility, Article VI, Sections 1 & 2; and Amateur Status rules with the athlete, see Rules of Eligibility, Article IV, Section 1. Counting the contests for high school: the determination of competition is made in the manner that the particular sport maximum limits and individual limits are determined. Cross country, swimming, track, gymnastics, and golf is counted as a meet. Wrestling, tennis and volleyball may be a dual or a tournament. Baseball, softball, football, soccer, basketball and hockey can only be two games and could not be a tournament with four games.
    [Show full text]
  • Critical Review of Euroleague Basketball's Financial Stability and Fair Play
    Critical Review of Euroleague Basketball’s Financial Stability and Fair Play (FSFP) Regulations Can the stated objectives be achieved? 2nd Report Author - Cem C Karamürsel Date – June 20, 2017 Content . Introduction . Current Situation & Relevant Facts . Critical Assessment of the FSFP Criteria . Key Conclusions & Comments . Suggestions for Improvement 20.06.2017 © Cem C Karamürsel 2 Introduction Since the beginning of 1990s, European basketball has gone through a quite turbulent period experiencing major structural and economic challenges, mainly caused by (i) deficit of demand (especially compared to football), (ii) certain governance issues (e.g. FIBA vs ULEB/Euroleague), and (iii) lack of a rational and sustainable economic model. Failure in creating and establishing such a model led to the situation that some traditional teams with a very successful history (such as Limoges, Benetton Basket, Kinder Bologna and more recently Montepaschi Siena and so on) have disappeared from the top-level European competition. Without any doubt, since its inception, Euroleauge Basketball has achieved quite a remarkable progress in enhancing the commercial value of the top-level European basketball league and significantly increasing the competition’s revenues. However, it still cannot be argued that the operating model of European basketball is now based on economically sound and rational principles & practices. In an effort to strengthen the financial stability of its clubs and to improve its financial governance model, Euroleague Basketball enacted its Financial Stability and Fair Play Regulations (FSFP). In this study, we perform a critical review of the financial criteria as set out in the FSFP rules (as stated in 2016-2017 Bylaws), both from an economic and legal perspective, also considering the “current reality” in European Basketball.
    [Show full text]