Chilean Football Undergoes Landmark Reform: New Rules for Oversight and Transparency
Chilean football is poised for significant change following the approval of reforms to the law governing Professional Sports Public Limited Companies (SADP). The changes, approved by a vast majority
in the Chamber of Deputies, aim to introduce structural changes to Chilean football
in areas of governance, oversight, and transparency.
Key Changes Approved
The approved project received 148 votes in favor and one abstention
and now awaits publication in the Official Gazette
to seize effect. The session included participation from Minister of Sports, Natalia Duco
, Undersecretary Andrés Otero
, and Senator Matías Walker
, a key proponent of the initiative.
Separation of ANFP and Chilean Football Federation
A central component of the reform is the separation between the ANFP and the Chilean Football Federation
. This redesign will focus the federation on national teams
and training football
, while the ANFP will assume responsibility for organizing the professional league
.
Restrictions on Club Ownership
The reforms also establish the end of timeshare in Chilean football
, prohibiting any individual or entity from holding participation in more than one club. The presence of agents or representatives of players
in ownership or management positions is now prohibited.
Enhanced Oversight and Financial Reporting
New inspection requirements are being implemented, with oversight responsibilities shared between the Ministry of Justice
and the National Sports Institute (IND)
. Clubs will also be required to submit semiannual financial reports
.
Increased Transparency and Accountability
SADPs will be required to report suspicious operations
to the Financial Analysis Unit (UAF)
and are obligated to identify your final beneficiaries
to ensure greater traceability in club ownership
.
Fan Participation and Incompatibilities
The legislation establishes incompatibilities between management positions
and introduces mechanisms to promote participation of fans and partners
in the management of sports institutions.
The reform modifies a law that has been in force since 2005, which initially allowed the transformation of clubs into public limited companies
.
Institutions will have 18 months to adapt its statutes
following enactment, ushering in a new stage in Chilean football
characterized by higher standards of control, transparency and regulation
.
✅ TO LAW | The Chamber approved and dispatched the project that modifies the law of SA Deportivas Profesionales regarding oversight, conflicts of interest and promotion of fan participation.
Deputies of Chile (@Camara_cl)
FAQ
- What is a SADP? A Professional Sports Public Limited Company, the legal structure for many Chilean football clubs.
- What is the main goal of these reforms? To increase transparency, improve governance, and enhance oversight within Chilean football.
- How long do clubs have to adapt to the new rules? Clubs have 18 months to adapt their statutes.
These reforms represent a pivotal moment for Chilean football, promising a more regulated and transparent future for the sport.