Organizational chart of a sports club and its functions
After being approved at the Extraordinary General Shareholders’ Meeting held last Tuesday, August 28 and beginning on Saturday, August 1, the Capital Increase by means of a monetary contribution may reach a maximum amount of 35,000,016.30 euros. The maximum amount to be subscribed in this Phase II is the amount resulting from the difference between that amount and the amount of share capital effectively subscribed by the Shareholders of the Club in exercise of the pre-emptive subscription right in Phase I closed at midnight tonight.
Phase III, aimed at non-shareholder third parties, will be carried out from September 20 to October 4, both inclusive, and will be completely open exclusively to those who are not shareholders of the Club and by virtue of which any non-shareholder third party may become a shareholder of the Bank. In any case, there will be the following subscription limits for non-shareholder third parties:- A minimum investment limit per individual or legal entity of two (2) new shares, i.e. €120.20. – A maximum investment limit per individual or legal entity of 4,500 new shares, i.e. €270,450.
Club Sports Board of Directors
Nowadays, in elite sport, we can hardly speak of sports clubs anymore, but rather of Sports Corporations. There are big differences between the two definitions, but what exactly is a Sociedad Anónima Deportiva or SAD? Why have most sports entities adopted this legal form?
The basic regulation governing this type of company is the Corporations Law. However, this regulation is qualified by the Sports Law or the Capital Law approved by the Royal Legislative Decree 1/2010, of July 2, 2010.
One of the great differences of the Sport Public Limited Companies with respect to the rest of the companies is that the first ones are subject to a strict state control, on the part of entities such as the Superior Council of Sports or the Federation of each sport.
In order for the new SAD to be approved in the Registry of Sports Associations and accepted in the competition, a copy of the deed of incorporation must be submitted to the Consejo Superior de Deportes along with all its identification data.
Charges of a sports club
The law contained in the Royal Decree obliged to become a SAD (Sociedad Anónima Deportiva) to all those entities participating in competitions considered as professional by the law itself. On the other hand, all those entities that had not incurred losses during the four fiscal years prior to the entry into force of this law were allowed to continue as sports clubs. However, if any of these entities were to show losses, they will have to be converted into a Sports Corporation (Sociedad Anónima Deportiva).
Organizational Structure of a Soccer Club
At the administrative level, a club can be managed by its members, i.e. a group of people who pay a fee or subscription to make use of the club, either by participating in some activity or by using the facilities, from which the authorities are democratically elected in elections and assemblies. On the other hand, it may be administered by an external organization, in what is known as management; or be itself a corporation or sports corporation belonging to a private individual or a group of shareholders. The club may be managed by an external organization, in what is known as management.