Interview: “UEFA has opened a Pandora's box and other non-compliant clubs will invoke this case if they do not follow the playbook”

Few details have been reported about the settlement agreement between PSG and UEFA. Full transparency in its decision-making processes would strengthen the legitimacy and acceptance of UEFA’s regulation.

”The lack of transparency of comprehensive financial data in Europe’s football industry remains inherent,” says Henning Zülch, professor at HHL Leipzig Graduate School of Management.

Why it matters: The new institutional investors in football won’t accept continued losses at their clubs. In the long-term, they would leave the industry if UEFA doesn’t punish clubs breaching financial regulations.

The perspective: Non-compliant behaviour has not been clearly defined, and is formulated far too vaguely in the current financial regulations from UEFA leaving too much to discretion.