Created to “promote and improve football”, the company that presented a new model of competition and financing for European football faces serious economic problems.
The company that promotes the creation of the European Super League, A22 Sports Management He suffered losses of 5.5 million euros last year and is speculated with the possibility of declaring bankruptcy. The company’s accounts showed an exponential drop in their income in recent years and expenses increased significantly, which aggravated the company’s financial situation.
The company promotes a kind of revolution in the European football scheme, from the armed of the Super League in theory to improve the sustainability of the teams and benefit both the players and the fans. However, the stagnation of the project impacts fully on the costs of A22 that last year reported exploitation costs greater than six million euros and personnel expenses increased almost double in a year.
A22: A company’s profile on the verge of bankruptcy?
Real Madrid Barcelona.jpg
real Madrid
At the end of the year 2023, the Court of Justice of the European Union (TJUE) ruled that International Football Federation (FIFA) and the Union of European Football Federations (UEFA) had abused their position of power in several football competitions.
The same day the court ruling came out, A22 presented a new competence format and launched a streaming channel called Unify League which allowed to visualize the games for free with advertising.
In practice, the company on the verge of bankruptcy is a limited society, based in Spain whose numbers registered in the Mercantile registration They give in red. Even for amounts superior to the losses registered the previous year for just over 200,000 euros. This resulted in a closing as of December 31 with a red 5.2 million euros. The Capital Societies Law of Spain establishes in its article 363 that imbalance in its numbers is a reason for dissolution of the company.
It is not bankrupt, it is investment: the A22 response
Despite the record that shows the company’s red numbers, inside the company deny that this economic crisis event is happening and ensure that the losses are due to the investment that was made on the UNIFY platform. In addition, they claim that A22 will not disappear, but is generating an investment.
Source: Ambito
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