Nota de Prensa
THU 26.02.2015
The sectorial meeting organised by Kreab, the Communications and Public Affairs consultancy firm, on the subject of "The role of investment funds in the world of sport and their regulatory future" was used as a forum to discuss the role of alternative credit organisations within professional football. With representatives from big businesses involved in the world of sport as well as legal experts in attendance, the current situation of investment funds was analysed, with special emphasise being placed on the controversy stemming from FIFA's decision to ban such financing practices.
Following the opening presentation given by the Kreab Managing Partner, Eugenio Martínez Bravo, and the statement read out by Julio Senn, a partner from Senn Ferrero, La Liga’s position on the matter was clarified. The director general of the Liga de Fútbol Profesional, Javier Gómez, defended the need to allow for third-party ownerships in order that professional clubs "continue to strengthen and to prevent talent from leaving Spanish shores. If we fail to stand together on this, within 5 years we will be the fifth biggest league in the world". The centralised sale of television rights as well as investment funds are fundamental in helping a number of clubs "and for ensuring that La Liga is able to grow and compete with the best leagues".
In relation to the ban imposed by FIFA on third parties controlling football players' financial rights, otherwise known as TPO ("Third Part Ownership"), the LFP suggests a regulated model with adequate guarantees to prevent exploitation and bad practices. Also discussed were footballers themselves, one of the groups affected by the increase of these types of funds when they are able to attract the attention of third parties. "For fear of having to regulate this practice, they have instead imposed an outright ban. Restrictions are required, not the elimination of investment funds, a financing method born out of necessity that has helped a lot of clubs", stated Gómez.
According to Eugenio Martínez Bravo, "the LFP has worked within a special framework with the aim of regulating the entrance of new financial models to the world of football. Maintaining a competitive league is important so as not to lose our grip on the global market. And it is essential that there is a transparent commitment that respects institutions, clubs, athletes and fans alike, where the freedom of capital and a long-term working vision allow us to improve the quality of Spanish athletes and enjoy an entertainment industry with a huge role in the society of our country".
During the meeting, the great work relating to financial controls carried out by the LFP, which has strengthened and made many clubs financially sustainable, was highlighted. The conclusion was that there is a need for transparency and regulation in order for TPOs to exist in the world of sports with security guaranteed for all the parties involved.
Participating in this conference were representatives from businesses like BDO Auditores, Bankia Banca Privada, Estudiantes C.B., GED Capital, Lombard Odier, You First Sports, Ontier…
© LALIGA - 2015