Ending Multiproperty in Chilean Football: Was the Goal Achieved?

La Tercera

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On 25 March, the Chamber of Deputies approved the reform of the Sports Corporations Act (Act No. 20,019) after having rested for almost 10 years in our Congress.Without prejudice to the fact that the main advances have been identified in various media, it is important to be able to determine whether the amendment effectively puts an end to multi-ownership in national football.It is also questionable whether the law has the pecuniary sanction mec…

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The Chamber of Deputies approved the amendment to the Law on Sports Corporations, putting an end to a legislative process that extended for almost a decade. The amendment seeks to eradicate multi-property in national football. The new regulation introduces significant changes to article 21 of Law No.20.019. Previously, a maximum of 5% participation in companies competing in the same category was allowed. Now, no person can be a shareholder of mo…