ECA Shareholders clarify the status of CSKA

2022-07-08T14:12:50+00:00 2022-07-08T19:35:22+00:00.

Giannis Askounis

08/Jul/22 14:12

The decisions of the ECA General Assembly held Friday

  1. By Eurohoops Team/

The ECA Shareholders reviewed and approved the list of teams for the next editions of the Turkish Airlines EuroLeague and 7DAYS EuroCup, and clarified the status of team-shareholder CSKA retaining the right to vote.

Per the press release: “The Euroleague Commercial Assets Shareholders met on Friday, July 8, 2022, and made the following decisions:

1. Reviewing and approving the list of participating teams in the 2022-2023 Turkish Airlines EuroLeague and 7DAYS EuroCup competitions.

2. To modify the EuroLeague competition bylaws with the addition of a new article that regulates the consequences of the application of article 151 (‘Unforeseen circumstances’), more specifically the limitation of the impact on Licensed Clubs’ rights and their participation in governing bodies.”

Before being split into Group A and Group B of the 2022-23 Regular Season, the 20 teams of the EuroCup met earlier Friday.

Per the press release: “The 20 clubs that will participate in the 2022-23 7DAYS EuroCup season met on Friday to plan for the new campaign.

The meeting began with a review of the 2021-22 season, which was the first under a revamped model that provides the clubs with more guaranteed home games than ever before, maximizing the fun for their fans and opening more business opportunities for clubs.

The 2021-22 season delivered, once again, increased TV viewership figures, with the brand-new knock-out rounds leading the way with a growth of more than 50% in audience per game compared to the previous season’s games, according to Nielsen Sports. Digital audiences also increased by 13% in followers, 10% in engagement and 15% in video views, marking an outstanding debut of the new format.

Attending clubs’ representatives were also informed about economic distribution and reviewed the implementation of the Financial Stability & Fair Play Regulations (FSFPR) after one season in force for the 7DAYS EuroCup. The main topics reviewed were:

-The prohibition of overdue payables.

-Minimum participation budget of 2.5 million euros.

-Limitation of expenses allocated to player salaries to 65% of the total expenses of the club.

-Limitation of shareholder contributions to a maximum of 65% of the total expenses of the club.

-An aggregate financial deficit limited to 10% of a club’s average budget in a three-year period.

Euroleague Basketball’s senior director of officiating, Richard Stokes, provided a report on referee performance during the 2021-22 season and presented clubs with the conclusions of the Euroleague Basketball Institute meeting with EuroCup head coaches held last week.

Clubs also received reports on athlete health and injury tracking, as well as the progress of the COVID-19 pandemic and the revised protocols to be applied by Euroleague Basketball for the 2022-23 season.”