The Other Side of the “League of Stars”: Analysis of the Financial Situation of Spanish Football

This paper analyses the effectiveness of financial control system implemented by Spanish professional football League in 2015 as a tool to improve governance clubs first and second divisions well its probable impact on competition. Classic ratios are used analyse situation both before after implementation Regulation, during season affected COVID-19 pandemic. Next, Herfindahl index is calculated measure concentration distribution main funding sources incorporated dependent variable regression model. Although cause–effect relationship not certain, results suggest that economic measures imposed LFP have contributed improving short term, but may promote imbalances between undermine sustainability current management model and, therefore, competition system. Unlike other sectors, business requires more maximise profits. In this context, it would be advisable reach agreements weaken bargaining position footballers. The shows effect intervention regulatory body, case, LFP, functioning competitive market.