APPENDIX 2 - Euroleague Basketball

APPENDIX XIII
FINANCIAL STABILITY AND FAIR PLAY REGULATIONS
Article 1. Object
The object of these regulations is the following:
a) Ensure good financial practice in the competitions organised by the
Companies.
b) Guarantee the transparency and credibility in the finances of the
participating clubs.
c) Ensure the financial stability of the clubs and the competitions
organised by the Companies, through a balanced budget and a
consolidated equity, protecting the long-term viability and
sustainability of the competitions organised by the Companies.
d) Guarantee the fulfilment of the economic commitments adopted by
the clubs.
e) Define the role and tasks of the Management Control Commission
and the external auditing firm, the minimum procedures to be
followed in their assessment of the requirements that the clubs must
meet, and the financial responsibilities of the clubs during the
competitions organised by the Companies.
Article 2. Financial Criteria
Each club (club holding a licence and/or club applying for a licence in
accordance with the Euroleague Bylaws) will have to comply with the
following criteria in order to maintain its licence or apply for one:
a) Not having overdue debts with players, coaches or employees that
may be claimed from any other club participating in the competitions,
the Companies and/or any tax or social authorities.
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