Article 55 Reporting entity/entities and reporting perimeter - Club Licensing

55.01

The licence applicant determines and provides to the licensor the reporting perimeter, i.e. the entity or combination of entities in respect of which financial information (e.g. single entity, consolidated or combined financial statements) has to be provided.

55.02

The reporting perimeter must include:

1. the licence applicant and, if different, the registered member;

2. any subsidiary of the licence applicant and, if different, the registered member;

3. any entity, irrespective of whether it is included in the legal group structure, which generates revenues and/or performs services and/or incurs costs in respect of any of the women's football activities defined in paragraph 3(a) and (b) below;

4. any other entity included in the legal group structure which generates revenues and/or performs services and/or incurs costs in respect of any of the women's football activities defined in paragraph 3(c) to (j) below.

55.03

Women's football activities include:

1. employing/recruiting employees (as defined in Article 58) including payment of all forms of consideration to employees arising from contractual or legal obligations;

2. acquiring/selling players’ registrations (including loans);

3. ticketing;

4. sponsorship and advertising;

5. broadcasting;

6. merchandising and hospitality;

7. club operations (administration, matchday activities, travel, scouting, etc.);

8. use and management of stadium and training facilities;

9. youth development; and

10. financing, including equity that results in obligations on the licence applicant, or debt directly or indirectly secured or pledged against the licence applicant’s assets or revenues.

55.04

An entity may be excluded from the reporting perimeter only if :

1. the football activities it performs are already entirely reflected in the financial statements of one of the entities included in the reporting perimeter; and

2. its activities are entirely unrelated to the football activities defined in paragraph 3 above or the locations, assets or brand of the football club; or

3. it is immaterial compared with all the entities that form the reporting perimeter and it does not perform any of the football activities defined in paragraph 3(a) and (b) above.

55.05

The licence applicant must submit a declaration by an authorised signatory which confirms:

1. that all revenues and costs related to each of the football activities indicated in paragraph 3 have been included in the reporting perimeter, providing a detailed explanation if this is not the case; and

2. whether any entity included in the legal group structure has been excluded from the reporting perimeter, justifying any such exclusion with reference to paragraph 4.