Lack of financial transparency in Bundesliga

The Bundesliga is much admired in the UK for its 50+1 rule, but scores less well on other aspects of governance.

German football is on the forefront of pushing for financial sustainability but when looking at financial transparency they are decades behind other big European leagues.

Only four Bundesliga clubs publish their financial reports on their websites. The rest point to the DFL's annual financial overview with only a few selected key figures.

UEFA's club licensing regulations require clubs to publish their last audited financial information.

Neither UEFA nor the DFL are willing to answer questions on the lack of disclosure for which they have been criticised.

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The Political Economy of Football V2

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