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APPENDIX 2 - Euroleague Basketball

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E U R O L E A G U E R E G U L A T I O N S<br />

C H A P T E R<br />

I<br />

General Regulations<br />

Article 1.<br />

Company Structure of the Competition<br />

1.1. <strong>Euroleague</strong> Commercial Assets S.A. is the limited liability<br />

company (hereinafter “ECA”), the owners of which are the clubs<br />

participating in the <strong>Euroleague</strong> and a number of Leagues.<br />

1.2. The General Assembly is the ECA body of representation and<br />

governance, where the ECA shareholders meet, which is<br />

responsible for the general supervision of the issues regarding<br />

the <strong>Euroleague</strong> and for approving the Bylaws. In addition, it<br />

ensures the coordination of the clubs and has the authority to<br />

make decisions and confer functions on the Shareholders<br />

Executive Board.<br />

1.3. <strong>Euroleague</strong> Properties S.A., or any of its relevant permitted<br />

successors or assignees (hereinafter “EP”), is the limited liability<br />

company, controlled by ECA, responsible for managing and<br />

organising the <strong>Euroleague</strong>, as well as for commercialising the<br />

properties of this competition (to deal with the promotion and<br />

development of the commercial activities linked to the<br />

<strong>Euroleague</strong>), in accordance with what is established in the<br />

Bylaws.<br />

1.4. EP has designated the company <strong>Euroleague</strong> Entertainment &<br />

Services, S.L.U. (hereinafter the “Company”), controlled by ECA,<br />

as the body responsible for the management and administrative<br />

organisation of the <strong>Euroleague</strong> in accordance with what is<br />

established in the Bylaws. The Company must adhere to the<br />

<strong>Euroleague</strong> Regulations (hereinafter these “Regulations”) and<br />

any future modifications, amendments or derogations whenever<br />

the governing bodies approve them.<br />

Article 2.<br />

Management and Organisation of the Competition<br />

2.1. The Company will set up an office, the “<strong>Euroleague</strong> <strong>Basketball</strong><br />

office”, which will be the unit of operation and administrative<br />

assistance for the undertaking of the objectives of the<br />

<strong>Euroleague</strong>. It is understood that all administrative procedures<br />

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