The Portuguese Football Federation (FPF) and the Portuguese Professional Football League (LPFP) are adapting their disciplinary rules to the new regime of sports societies, official sources of both organizations confirmed to Luse this Wednesday.
With the entry into force of the legal regime for sports societies on September 4, 2023, the FPF and LPFP were obliged to ensure compliance with these standards within 90 days in accordance with the provisions of Article 50 of this decree-law.
This law determined that the Portuguese Institute of Sports and Youth (IPDJ) would be responsible for “verifying the suitability and possible conflicts of interest of qualified investors, administrators and managers” of the aforementioned companies.
This new law now allows for a third corporate form, the limited liability company, in addition to the already permitted sports limited liability company (SAD) and single member sports limited liability company (SDUQ), requiring investors to “demonstrate the economic ability to invest.” And [divulgar a] origin of financial resources to be used.”
An official source from the FPF, contacted by Lusa, said that it has already adapted the Disciplinary Regulations, as well as the Regulations on Membership in Sports Societies, and public consultations on these documents will be held from February 6 to March 20.
According to the proposal approved by the federal leadership, societies are subject to sanctions that prevent participation in competitions organized by the FPF between one and two sports seasons, as well as fines in the amount of two thousand to five thousand euros (from 20 to 50 units of account, which is approximately 102 euros).
In turn, an official LPFP source said that the adaptation of the regulations is ongoing, and this process depends on the approval of the organization’s General Assembly by the end of the season.
In addition to these sports disciplinary procedures, this law defines fines for those who do not comply with them, which can range from five thousand to 500 thousand euros, in the case of very serious offenses – from 2,500 euros to 250 thousand euros, in serious cases. and from 500 euros to 10 thousand, in the lungs.
Author: Lusa
Source: CM Jornal
I’m Dave Martin, and I’m an experienced journalist working in the news industry. As a part of my work, I write for 24 News Reporters, covering mostly sports-related topics. With more than 5 years of experience as a journalist, I have written numerous articles on various topics to provide accurate information to readers.