European football clubs must follow the rules of both UEFA and the national league in which they participate. Some regulations, such as Financial Fair Play, are absolute, while others are more flexible.
Over the last 30 years, European football supporters have witnessed the acquisition of significant stakes in their clubs by wealthy individuals, consortia and sovereign states. Despite the financial impact wrought by the Covid-19 pandemic, investment activity from overseas parties has continued unabated, driven by the potential for lucrative returns in a sector with strong fundamentals and significant opportunities for future growth.