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This study concerns the issues of league regulations related to the legal problem of insolvency of football clubs in the context of licenses to participate in competitions. The study presents a brief description of modern European football, including the phenomenon of financial oligarchization of sport, and uneven redistribution of the benefits of sport. The following section presents the relation between lex sportiva and state law; the legal position and importance of UEFA; licensing system rules for participating in games. Particular attention was paid to regulating the impact of participation in proceedings giving protection against creditors on obtaining and maintaining a license. Attributes of proceedings in case of threat of insolvency and insolvency are presented as well. Finally, there is presented an example of national regulation which is in force in Poland (a Member State of the European Union).The final conclusion is a recommendation for a strategic change in the licensing system's approach to the problem of proceedings giving protection against creditors.

THE NEED FOR CHANGE IN THE APPROACH TO INSOLVENCY OF SPORT CLUBS IN THE REGULATIONS OF THE EUROPEAN FOOTBALL FEDERATION