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APPENDIX 2 - Euroleague Basketball

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f) List of authorised signatories and type of required signature<br />

(e.g. individual, collective).<br />

g) Express declaration that neither the club nor its managers<br />

breach the prohibitions mentioned in Articles 5.8 or 11.9 of the<br />

<strong>Euroleague</strong> Club Licensing Rules.<br />

3.2. Financial statements of the club in accordance with the criteria<br />

established in Exhibit A and Exhibit B hereto, which will include:<br />

a) No later than 15 June: If the club has not participated in the<br />

<strong>Euroleague</strong> in the previous season, the Closing Balance Sheet<br />

Forecast dated 30 June of said previous season(“previous<br />

season” shall mean the season immediately preceding the one<br />

in which the club is applying to participate in the <strong>Euroleague</strong>).<br />

b) No later than 15 June: Audited Closing P&L Account of the two<br />

seasons immediately preceding the one in which the club is<br />

applying to participate in the <strong>Euroleague</strong>. If the club has not<br />

participated in the <strong>Euroleague</strong> in the previous season, it will<br />

also submit the Budgeted P&L Account of the season in which it<br />

is applying to participate in the <strong>Euroleague</strong>.<br />

c) No later than 30 September: Budgeted P&L Account of the<br />

season in which the club is participating in the <strong>Euroleague</strong>, as<br />

well as the Closing Balance Sheet and P&L Account of the<br />

previous season, comprising a summary of significant<br />

accounting information and other explanatory notes.<br />

d) No later than 30 November: The financial statements of the<br />

previous season, duly audited by an independent auditing firm.<br />

e) No later than 30 January, update of the Budgeted P&L Account.<br />

This update will highlight any changes that can affect their<br />

current season Budgeted P&L Account, which was submitted no<br />

later than 30 September.<br />

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