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Research Paper | Financial Engineering | Indonesia | Volume 3 Issue 10, October 2014
The Implementation of UEFA Financial Fair Play: An Analysis of Financial Performance of Manchester United
Ardi Gunardi
Abstract: This study is aimed at analyzing the implementation of UEFA Financial Fair Play (FFP) in European football club namely Manchester United, a prominent club from England. This implementation is reflected on the club's financial statements of the year 2010, 2011, 2012, and 2013. The analyzes were conducted on the club's financial statements and the simulation result of the implementation of the UEFA FFP break-even in accordance with the conditions set by the UEFA. The analyses were also conducted on the club's financial performance ratios related to the implementation of the UEFA FFP. The result shows that Manchester United could meet the standards in the provision of UEFA implementation of the UEFA FFP. The performance of the profitability and solvency aspects need to be considered in the implementation of the UEFA FFP regarding to the high salaries and debt owned by Manchester United. An investment in football club is quite profitable, but the risk of debt owned is large too.
Keywords: financial statements, financial performance, Manchester United, UEFA Financial Fair Play
Edition: Volume 3 Issue 10, October 2014,
Pages: 612 - 620
Similar Articles with Keyword 'financial statements'
Downloads: 79
Research Paper, Financial Engineering, Kenya, Volume 3 Issue 4, April 2014
Pages: 643 - 647Effect of Risk Factors on Disparities in Interest Rates Spread for Unsecured Loans among Commercial Banks in Kenya: A Case of Banks in Nakuru Town
Njenga M. Kamau | Wanyoike M. Daniel
Downloads: 105
Research Paper, Financial Engineering, Indonesia, Volume 3 Issue 4, April 2014
Pages: 513 - 521Analysis the Influence of Effectiveness Intermediation Function Banks On Efficiency Bank: (Case Study: Conventional Banks and Islamic Banks in Indonesia)
Lia Amaliawiati | Lasmanah [3]