It is crucial to have legal tools capable of protecting, not only the business but the club’ sporting value as well, in an industry liable to quick processing of economic crisis into disadvantages, relegations or loss of professional status.
As reported by La Gazzetta dello Sport, the recent conference “Negotiated Crisis Resolution as the only recovery tool for Football Clubs” promoted by A.P.R.I. – Association of Business Recovery Professionals, provided an important opportunity for discussing the topic. Luca and Alessandro Calò of Tonucci & Partners, members of the Association, attended as speakers by exploring the legal, regulatory and economic aspects of a recovery model currently considered the only one truly consistent with professional football requirements.
Negotiated Crisis Resolution provides bankruptcy prevention and the protection of creditors, avoiding federal sanctions envisaged for other insolvency proceedings. A multidisciplinary approach, matching crisis law with sports law, is essential for safeguarding the business continuity and the future of football clubs.
