By Daniel Geey and Andrew Visnovsky
Introduction
The recently published high profile decision involving Malaga gives important insights into the decision making rationale of UEFA’s Club Financial Control Body (CFCB) and the Court of Arbitration for Sport (CAS) in relation to the UEFA Club Licensing and Financial Fair Play Regulations edition 2012 (the FFP Regulations). Malaga was sanctioned for breaching the ‘overdue payables’ section of the FFP Regulations.
Break-even Decisions will begin in Spring 2014 and the lessons learned from the Malaga and other recent ‘overdue payables’ cases set out below are instructive for a number of sanctioning reasons.
Andrew Visnovsky 