The Argentine government of Javier Milei This Wednesday, he ordered the Football Federation (AFA) to change its laws to accept professional sports limited companies (SASP), until now banned in the league, with the aim of opening clubs in foreign capital.
The AFA and all associations, federations and confederations have a period of one year to adapt their regulations so that any club that becomes a public limited company can participate “in all competitions in which it participated under its previous legal structure,” it indicates. a decree published in the official gazette.
The order is a continuation of another one, from the end of 2023, in the first days of the government of the ultra-liberal Javier Milei, which paved the way for the transformation of Argentina’s football clubs into SASP, and no longer into civil associations with a non – benefit, as in the present case. The current laws of the AFA do not allow the participation in its competitions of teams that are public limited companies.
Milei, an ardent supporter of deregulation in all areas of the economy and society, has long advocated for this change in status, in the name of the freedom of clubs to open with foreign capital and grow.
A blistering statement
Referring to the Boca Juniors club, of which he is a fan, he said during the presidential campaign: “We don’t care who the owner is, if you beat River Plate 5-0 and win the Club World Cup . Or not? Do you prefer to continue with this misery that is Argentine football, with low quality every day?”
This attracted angry reactions from clubs in Argentina. “Club Atlético River Plate is a non-profit civil association and has always belonged to its members, which is the basis of 122 years of greatness,” said River, the flagship club and, along with Boca, the two most successful in Argentina soccer. “Our club belongs to its people, its members and its partners who make it bigger every day,” said Boca.
In May, the clubs reiterated their rejection of the SASP, when the newspaper reported on business groups interested in taking over some clubs. “If we think that with joint stock companies Argentine football will be saved, it is a total lie,” the head of the AFA, Claudio Tapia, reacted on Wednesday. “The only thing they want is to be the owners and bosses of the players, of the clubs.”
Source: La Verdad
I’m Rose Herman and I work as an author for Today Times Live. My expertise lies in writing about sports, a passion of mine that has been with me since childhood. As part of my job, I provide comprehensive coverage on everything from football to tennis to golf.
