Introduction
Clearly, one of the most important issues in respect of the activities of football clubs in the last 10-15 years is the question of the proper financial and economic basis upon which professional football clubs should base their activities.
The stakeholders in the football world extensively deal with this issue, which is of paramount importance since it touches upon some of the core aspects of the activities of professional clubs and football leagues in most countries.
Amongst these core issues directly related to the question of the financial and economic structure of a professional football club we can cover the following issues: (a) who is entitled and should be the owner of a club? (b) the question of double or multiple ownership on various clubs simultaneously either in the same league or in different countries, (c) the question of the proper and reasonable level of salaries and whether salary caps should be imposed on clubs, (d)...
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