New paper on Financial Fair Play

You'll recall from last term we look at the economics of sport, and touched upon reforms aimed at the financial side of the game, and the potential for them to backfire. Stefan Szymanski, one of the big names in the economics of sport, has just written a paper with Thomas Peeters on precisely this, arguing that actually, Financial Fair Play in football will reduce competition. It's a fascinating read and will certainly help you as you think about this crucial aspect of regulation in sport.