APPENDIX 2 - Euroleague Basketball

C H A P T E R
I I
Registration of Clubs
Article 7.
Requirements for Registration
7.1. The right to participate in the Euroleague will only be held by
those clubs that meet the conditions provided in the Euroleague
Club Licensing Rules or those that might be established in the
future as a result of any modification or amendment approved in
the Euroleague Club Licensing Rules. Valid annual registration in
the competition will also require compliance with the following:
a) Underwriting of the official model of the Licence Contract.
(Appendix II to the Euroleague Club Licensing Rules).
b) Provision of a bank guarantee in favour of EP, to respond to
the fulfilment of the obligations that the club enters into by
its subscription to the Licence Contract and by its
participation in the Euroleague -and in the Eurocup when
appropriate- including its waiving of participation therein
when the club has this right by virtue of what is established
in the Euroleague Club Licensing Rules. The amount and the
expiration of the bank guarantee will be determined in
accordance with the criteria established in Article 5.6 and
Article 11.6 of the Euroleague Club Licensing Rules.
c) Subscription of the number of shares set by the General
Assembly, and included in the Euroleague Club Licensing
Rules.
d) Participation in the Domestic Championship during the
current season.
e) Provision of an 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 shown in
Appendix IV to the Euroleague Club Licensing Rules. This
declaration will be certified by an auditing firm.
f) Payment of the amount of the annual registration fee
agreed by the General Assembly.
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