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Choregia  2006 

The accounting and tax legislation of the Greek football clubs

Keywords: Accounting framework , tax legislation , football clubs , Greece

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Abstract:

The year 1979 was a cornerstone for the football in Greece, since it practically meant the transformation of the sport’s organization from amateurism to professionalism, establishing new rules and conditions to the management of football clubs. The increased popularity of this sport and the evolutions that took place in Europe and worldwide, forced the Greek government to establish a legislative framework for the successful management of football clubs. These interventions lead to changes in many aspects of football management such as organizational and financial. The new legal environment of football management, required the organization of this sport into a more stable and professional base, following the financial standards of other corporations operating within the Greek state. By these means the government wanted to create a fair economic framework under which the football clubs would operate with common organizational, financial and tax administration rules. The aim of this paper is to present the characteristics of the new capital form establishment of the football clubs (Societe Anonyme), the main financial frame under which the new establishment has to operate and the tax obligations that originate from the aforementioned legal form.

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