UEFA Financial Fair Play Regulations

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The UEFA Financial Sustainability Regulations are a set of regulations established by UEFA to prevent professional football clubs spending more than they earn in the pursuit of success, and in doing so not getting into financial problems which might threaten their long-term survival. Previously called Financial Fair Play Regulations (FFP), they are now sometimes abbreviated FSR, although UEFA uses this for "Football and Social Responsibility". The FA Premier League equivalent is called Profit and Sustainability Rules (PSR). Some have argued that FFP was instituted to prevent financial "doping" from outside sources injecting money into smaller clubs. They were agreed to in September 2009 by the Financial Control Panel of UEFA, football's governing body in Europe. The regulations provide for sanctions to be taken against clubs who exceed spending, over several seasons, within a set budgetary framework. Implementation of the regulations took place at the outset of the 2011–12 football season...

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