The sports law proposal, which proposes to change the status of sports clubs and transforms the clubs from being an association into a joint stock company, was presented to the Parliament.
FINANCIAL RESPONSIBILITY TO CLUB MANAGERS
With the proposal, sports clubs will be able to create a legal entity separate from the association status. Financial responsibility will also be brought to the club managers. Clubs will not be allowed to borrow more than their income. If there is a loan, the club management and the president will be directly responsible for it.
For the previous borrowing, arrangements will be made with temporary articles.
“UNREGISTERED” MEASURE
With the proposal, an important step will be taken to prevent informality. Every transaction made by sports clubs over 8 thousand 500 liras will be made through banks, PTT or financial institutions.
With the law proposal, the legal infrastructure of the incorporation of sports clubs will also be established. Accordingly, people who want to participate in sports activities and competitions will now be able to establish a sports joint stock company.
However, in order to take part in some top leagues, there will be a requirement to be a sports joint stock company and a minimum capital requirement of at least 1 million TL.
CHANGE IN THE MANAGEMENT SYSTEM
With the regulation, the management system is also changing. An upper limit is imposed on the manager’s fee. The contract period between the player and the manager will be 2 or 3 years at the most. In addition, these contracts will be made at the notary public.