US EditionThe End of Multi-Property in Chilean Football Is Approved
5 Articles
5 Articles
On Monday, an important step forward was taken in the bill to reform public limited liability sports companies. After intensive discussions, an indication was approved for the absolute prohibition of multi-ownership in Chilean football clubs. It should be noted that on October 15, after a tense discussion, no agreement had been reached to approve it within the Senate Constitution, Legislation, Justice and Regulation Committee. On that day, offic…
Key step for the reform of sports companies.
Santiago de Chile, Oct 27 (Prensa Latina) The Chilean Senate today unanimously approved an indication aimed at banning multi-ownership in football clubs, which seeks to make management in this sport more transparent.The post Advances in Chile reforms owned by football clubs first appeared on Noticias Prensa Latina.
Senator Matías Walker confirmed the decision that will force all national clubs to reveal who their owners are. For a long time there has been the multi-ownership of teams in Chilean football, where a company or person owns more than one club, both in Liga de Primera and Liga de Ascenso, although from the industry they want to deny it. In view of this situation from the Senate they seek to reform the current Law of Sports Anonymous Societies (SA…
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