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Football-legal
30
Jun
2017
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Paul F. CIUCUR
Financial control
Article
Romania
Football Legal # 7

Sports financing crisis - Public v. Private


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Romanian sports and, implicitly, the football market is in direct relation with the level of local and state authorities support. Aside from TV rights, which stand for the greater part of a 1st tier club’s budget, state funding is crucial to the mere survival of these clubs. Is it economically, legally and sports-wise healthy?

In today’s Romanian sports environment, there is a very profound and dangerous crisis, called “finance”.

Since the start of the century, more and more thought has been given to obtaining sports performance and, consequently, financial gain out of the clubs’ result.

The Sports Law no. 69/2000 established the framework of organized football, beginning with the governing bodies and ending with private sports structures, such as non-for-profit associations and share companies.

The law also contains brief guidelines about public funding for private and public (state authority) owned clubs, however, not...

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Topics
  • Financial control
  • Governance
Keywords
  • National Law
  • Sport entities
  • State aid
Authored by
Paul F. CIUCUR
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