The Government advances with the privatization of football: key meeting for public limited companies

The Government advances with the privatization of football: key meeting for public limited companies

The presidential advisor Federico Sturzenegger and the Secretary of Sports Daniel Scioli met with the president of LaLiga of Spain with the aim of advancing the implementation of the Sports Joint Stock Companies.

In its desperate search for the privatization of the argentine soccerhe National government had a very important meeting with Javier TebasPresident of The league of Spain. There were officials and leaders where they spoke about the implementation in Argentina of the Sports Joint Stock Companies (SAD).

Those who led the conclave were the presidential advisor Federico Sturzenegger and the Secretary of Sports Daniel Scioli. In addition, the deputy was present Juliana Santillan and the businessman World Eleven, Guillermo Tofoni. The Spanish leader arrived with Marc Terradas and Leticia Zuloaga.

In the talk and the subsequent lunch (which was joined by the Undersecretary of Sports, Julio Garro) those summoned discussed the implementation of the figure of the SADwhich would bring investments and opportunities for businessmen who manage clubs in Europe.

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Santillán, Tebas, Scioli, Garro and Tofoni at the meeting for the SAD

Santillán, Tebas, Scioli, Garro and Tofoni at the meeting for the SAD

According to Infobae, Tofoni confirmed that if the SAD the Argentina could receive in a very short period “an investment of between 2,500 and 3,000 million dollars” of foreign capital. “Investors are waiting for the regulations to know if the contracts will be respected”he warned.

In Spain The social clubs (Real Madrid, Barcelona or Athletic Bilbao) coexist with those managed/SAD (Girona, Atlético Madrid, Valencia, Seville, among others).

The objective of Government national is to incorporate the option that Argentine clubs can transform into Sports Joint Stock Companies. This was established in the DNU 70/23 which was signed at the end of last year by Mileiwhich applied profound deregulations in the economy, including in the world of football.

For the moment, the Argentine Football Association was firmly against private entities and SAD on repeated occasions and even clarified that they are prohibited by current statutes.

Source: Ambito

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