Argentina President Javier Milei planning to privatize clubs in the country? Here's what we know
This idea of privatization in sports clubs of Argentina seeks to impose corporate investment in clubs, but also has the potential of irking dedicated fans who may stand against the decision. Currently, Argentine teams like River Plate and Boca Juniors, are co-owned jointly by their 'members.'
Deadline of Argentina clubs to renounce charitable status set
This week, a decree requiring clubs to work around their charitable status and register themselves as corporations was issued by the General Inspectorate of Justice, according to a report by The Telegraph. The department, dominated by the reigning President's loyalists, has set a deadline of November 1, to follow this guideline. According to reports, these private investments may bring in almost £2 billion for the domestic leagues in the country, that may enhance facilities for those clubs who are lagging behind in modern infrastructure.
<div data-placement=«Mid Article Thumbnails» data-target_type=«mix» data-mode=«thumbnails-mid» style=«min-height:400px; margin-bottom:12px;» class=«wdt-taboola» id=«taboola-mid-article-thumbnails-111845311»>Privatizing clubs unnecessary at the moment, feel experts
Some are of the opinion that this current decision by the Inspectorate is unnecessary at the moment, looking at the amount of raw talent in Argentine football at the moment, with the country already winning the Copa America title this year, by defeating Colombia. However, there are multiple issues that have crippled the national and club-level footballing administration, including corruption, hooliganism, as well as 'ultra' supporters, who often get involved in illegal activities in the name of fan following.
Milei's post on X was majorly around combating the
