The President of the Nation once again emphasized his desire for Argentine soccer clubs to become Public Limited Companies and assured that a major player from England is interested in investing millions.
President Javier Milei once again highlighted the importance of the law of Sports Joint Stock Companies (SAD)present in the mega Decree of Necessity and Urgency (DNU)for the future of Argentines and stressed that several international clubs wish to make investments in Argentina.
In relation to the situation, Milei maintained that “There are numerous opportunities for foreign clubs to do business linked to Argentine football” and specifically mentioned Chelsea of England as the institution interested in making investments in Argentina.
“As soon as the decree came out, Chelsea was interested in investing in Argentina”he anticipated MileiIn reference to cluster BlueCo which is the owner of the London entity. during an interview on the television channel LN+.
President Milei He also anticipated that “These investments could quickly reach the figure of more than 1 billion dollars” and what they might consider “the possibility of representing the country in businesses related to the acquisition of players and the identification of emerging talents through scouting.”
“There are many international football clubs that want to invest in Argentina, because it goes without saying that this country is a cradle of stars”stated the President.
What does Milei’s DNU say about SAD?
Several days ago, the president of the Republic, Javier Mileisigned a decree that enables football clubs to become Sports Joint Stock Companies (SAD) if they wish.
The measure, which modifies the Sports Law and the Commercial Companies Lawwas criticized by most football clubs in the country.
Source: Ambito
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