2023-11-19 23:51:51
One of the issues that was included in the final part of the campaign towards the runoff was that of the Sports Joint Stock Companies (SAD) from the pronunciation in favor of Javier Mileynow elected president of Argentina.
The libertarian, in line with a position he shares with Mauricio Macri, spoke in favor of this model which abounds in the main European leagues.
SADs are for profit and pursue the search for economic gains with a business perspective. Club owners are investors and the game is opened to foreign capital and stock market listings.
This way, partners are not part of sports decisions that fall on the shareholders through a Board of Directors.
On the other hand, what the majority of the Argentine clubs expressed is the defense of these institutions as Nonprofit organizations, that do not pursue profits but rather the development of activities and the support, especially of young people.
«I like the English model, they are not doing badly. The question is how to finance it. Public limited companies, in fact, have clubs that are listed on the stock market and everything,” expressed Milei in an interview with Alejandro Fantino that dates back to 2022 but went viral in recent weeks.
«Who cares who owns Boca if you beat River five to zero and you are world champion? Or do you prefer to continue in this misery that we have increasingly worse quality football? “How do we do every time we go outside Argentina?” continued the president-elect.
In a recent interview, he toned down those statements and noted: «The clubs as they are now can continue without any type of problem, but why restrict the possibility of any being a Public Limited Company.
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