APPENDIX 2 - Euroleague Basketball

In the case that the Euroleague champion and the Eurocup
champion both hold an A or B Licence, the Shareholders
Executive Board will propose the allocation of a wild card to the
General Assembly.
Article 11.
Requirements for Participation in the Euroleague with a B
or C Licence
11.1. Signature of the Licence Contract pursuant to the model of
Appendix II.
11.2. Compulsory subscription of 40 (forty) ECA shares, or the
number of shares set by the General Assembly for the A
Licences, as well as the signature of all the necessary
documents required for the smooth and effective administration
and organisation of ECA and the Euroleague (including but not
limited to powers of attorney, minutes of shareholders meetings,
shareholders agreements, and any other documents).
11.3. Participation in the Domestic Championship.
11.4. Express declaration of observance of the applicable Bylaws and
any future modifications, amendments and appendices thereto,
as well as of any act or resolution approved by the governing
bodies of the Companies.
11.5. Payment of the registration fee established by the General
Assembly each season.
11.6. Presentation of a bank guarantee, following the model shown in
Appendix III, for one hundred thousand euros (100,000 euros),
in favour of EP, to respond to the fulfilment of the obligations
that the Clubs enter into by their subscription to these Licensing
Rules and by their participation in the Euroleague, specifically
including the guarantee of their commitment to participate in
said competition.
11.7. Reasonable expectation of resources generated from audiovisual
and/or sponsorship rights for the Euroleague as a whole, TV
coverage of the club’s home games and observance of the
quality standards of TV production.
11.8. Express declaration of sound financial position of the club,
stating that the club has not been formally declared bankrupt or
insolvent by a competent body in its home country and has not
entered into liquidation or dissolution, following the model
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