A decade on from the enactment of the previous legal regime for sports companies, Decree-Law no. 10/2013, of 25 January, now comes Law no. 39/2023, of 4 August, which establishes the new legal regime for sports companies and repeals the regime previously in force, with the aim of implementing a new paradigm in defence of transparency and optimising the essential role of sports companies.

In the preparatory work for this new legal regime, the Office of the Secretary of State for Youth and Sport revealed that around 20 per cent of SADs have been or are on the way to extinction, insolvency or dissolution. In this sense, one of the aims of Law 39/2023, of 4 August, is to attract investment to a sector that is intended to be more attractive, ensuring greater regulation and control for investors in sports companies.

To read the full article, please download the PDF file.