APPENDIX 2 - Euroleague Basketball

APPENDIX IV
COMMON ACCOUNTING REGULATIONS
IMPLEMENTATION PHASES I AND II
1. INTRODUCTION
The explanation and specification of homogeneous accounting criteria for all
the participating clubs or those clubs which compete for a place in the
Euroleague is necessary when analysing the economic stability of these
clubs.
The analysis of this economic stability must be measured by financial
parameters so that the information obtained can be compared with
appropriate reliability.
2. OBJECTIVES
We start from the basis that the Euroleague competition is a whole in which
the problem of a particular club has influence on the other clubs, and
therefore on the system, which can be affected in the economic and
sporting areas or even damaged or favoured in terms of image.
We can divide the goals into two categories:
a) Short-term goals (corresponding to Phase I)
Provide information (starting point for all studies).
Homogenise the documents (transforming the information
provided).
Provide the system with the strictest confidentiality.
b) Medium- and long-term goals (corresponding to Phase II).
These goals are aimed at the clubs taking advantage of the setting derived
from the development and enrichment of the competition. This will enable
them to increase their revenues and give a greater security to their financial
structures in view of the possible market instability in the future. Thus, the
continuity in the international competitions will be guaranteed for each
season.
In those countries in which the Leagues have established some analogous
regulations, a mutual agreement will be reached to avoid duplications and
guarantee the correct coordination between these regulations and the
Common Accounting Regulations.
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