Opportunity cost of financial regulation in English football

In collaboration with Ronan Gallagher (University of Edinburgh) I am investigating how financial fair play regulation (henceforth FFP) affects the relative performance of top flight professional football teams in Europe.  Using panel data from on the top two Tiers of English Football, we will use multi-dimensional benchmarking techniques to capture the heterogeneous nature of professional football teams and then retrospectively assess how FFP affect their relative performance.  Our goal is to shed light on the potential opportunity cost of such financial regulation in professional sport team management.