This article penned by Prof. Stefan Szymanski, a UM professor in sports management, who is an expert in "soccernomics":
It discusses the realities of European soccer's "Financial Fair Play" - basically, a set of rules to bar Steinbrenner-like behavior by the richest soccer teams. Announced in 2009 and set to kick in place in 2014, a team isn't supposed to spend on soccer more than it makes on soccer. I.e., if you spent $250M in transfer fees to buy top players, you better have made $250 in licensing, tickets, etc. Many uber-rich owners, like Qatari shieks, Russian oil billionaires, etc., just spend from their personal fortunes at will to assemble super teams (Manchester City, Chelsea, Paris Saint-Germaine, etc.) -- win at any price, basically. It's about the fortune, not the profit. (And why hasn't Dan Snyder bought an EPL team yet?)
But the reality is, spending continues unabated, and no one knows what penalties, if any, will be handed out next year. PSG might get spanked because no one likes their owners; but what if Barcelona or Manchester United violate the rules? Really, are those teams going to be banned from future Euro competitions -- and drive away the revenue they bring in?
Since the article is from a UM prof, I figure, it's fair game on the Blog.