

Oluwamide MLHC 🐐
890 posts

@dewapakununkguy
Web3 enthusiast, AI researcher, block chain educator, NFTs collector, Metaverse user and DeFi trader


















Why do footballers always walk out with little kids before a match? No jokes… what’s the actual reason? 🤔

🚨 𝗕𝗥𝗘𝗔𝗞𝗜𝗡𝗚: Manchester City are now TOP of the Premier League!





Top Football Leagues and their ownership structures: Spain and the socioa Germany built the 50+1 rule to keep fans in control and clubs out of debt. Spain went the opposite direction. In 1990 it passed a law forcing most professional clubs to become private companies. According to LaLiga's own Economic-Financial Report for the 2024-25 season, the net senior debt of La Liga clubs now stands at €4.794 billion. The medicine has now made the patient sicker. The law was Ley 10/1990, the Spanish Sports Act, passed on 15 October 1990 and in force by 1992. Spanish clubs at the time were member-owned associations carrying significant debt and operating with limited financial accountability. The stated purpose at the was to help them achieve spending discipline- or that was what they thought. That meant that if you wanted to play in La Liga or the Segunda División, you became a "Sociedad Anónima Deportiva", a SAD, basically a sports public limited company subject to corporate governance rules and shareholder structures. However, back then, there was an exception built into the law. Clubs that had maintained a positive balance sheet since the 1985-86 season were permitted to retain their association status. Only four qualified. They were FC Barcelona, Real Madrid, Athletic Club de Bilbao, and CA Osasuna were the four clubs that did not convert. Every other professional club in Spain became a corporation. That's why you still hear terms like "socios" voting during Madrid and Barcelona Presidency elections and all. Cos they remained member owned. However, the results for those who did convert were not what the government promised. Transfer fees kept rising and wages kept rising. The shareholder model created incentives to spend for short-term results rather than long-term stability. Spanish clubs entered the 1990s with a combined debt estimated at around 172 million euros. By 2024-25 that figure had grown to nearly 4.8 billion. By the time Ley 39/2022 replaced the original law and removed the mandatory conversion requirement entirely, three decades of corporate football had left its mark. The four clubs that were never forced to convert remain some of the four most institutionally powerful in Spanish football. My name is Ajoje. I am a FIFA Licensed Agent and International Sports Lawyer. I write on the Law and Business of Football, a lot. Repost and Follow if you want to read more posts like this.

Wir stehen im 𝐇𝐀𝐋𝐁𝐅𝐈𝐍𝐀𝐀𝐀𝐀𝐀𝐋𝐄𝐄𝐄𝐄𝐄𝐄!!! 🤩❤️🤍

CHAMPIONS LEAGUE SEMI-FINALISTS ✨