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Article

French DNCG management control versus UEFA Financial Fair Play: a divergent conception of financial regulation objectives

Citation
Dermit-Richard N, Scelles N & Morrow S (2017) French DNCG management control versus UEFA Financial Fair Play: a divergent conception of financial regulation objectives. Soccer and Society. https://doi.org/10.1080/14660970.2017.1323740

Abstract
The French Football Federation was the first football governing body to put in place, in 1990, a financial regulation system. It might be expected that UEFA’s Financial Fair Play (FFP) system established in 2010 would be similar to French DNCG (National Direction for Management Control) regulations. However, while FFP is concerned with profitability, DNCG is focused on solvency. Hence, a French club may be loss making and not compliant with FFP, while at the same time being solvent in accordance with DNCG rules. Our research confirms that most French clubs do not conform with FFP rules. As such, it provides further evidence that DNCG has not prevented poor financial management within French clubs. The coexistence of DNCG and FFP – or any other domestic financial regulation and FFP – may result in disparities between domestic clubs. As a consequence, there should be consistent financial regulation in all European leagues.

Keywords
professional football; financial regulation; Financial Fair Play; Europe; France

Notes
Output Status: Forthcoming/Available Online

Journal
Soccer and Society

StatusPublished
Author(s)Dermit-Richard, Nadine; Scelles, Nicolas; Morrow, Stephen
Publication date online07/05/2017
Date accepted by journal20/04/2017
URLhttp://hdl.handle.net/1893/25280
PublisherTaylor and Francis
ISSN1466-0970
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