Article 66 Reporting entity/entities and reporting perimeter - Club Licensing

66.01

The licence applicant determines and provides to the licensor the reporting perimeter, i.e. the entity or combination of entities, e.g. single entity, consolidated or combined financial statements in respect of which financial information has to be provided in accordance with Annex G.2 and assessed in accordance with Annex I.

66.02

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 either generates revenues, performs services or incurs costs in respect of any of the football activities defined in Paragraph 66.03(a) and (b);

4. any other entity included in the legal group structure which either generates revenues, performs services or incurs costs in respect of any of the football activities defined in Paragraph 66.03(c) to (k).

66.03

Football activities include:

1. employing/recruiting male professional players and other employees (as defined in Article 72) including payment of all forms of consideration to employees arising from contractual or legal obligations;

2. acquiring/selling male 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. women’s football, including, if applicable, female professional players;

10. youth development; and

11. financing through debt, equity or other instruments that results in obligations on the licence applicant, or that is directly or indirectly secured or pledged against the licence applicant’s assets or revenues.

66.04

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; or

2. its activities are entirely unrelated to the football activities defined in Paragraph 66.03 or are non-football activities not related to the 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 66.03(a) and (b).

66.05

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 66.03 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 66.04.

66.06

The licence applicant must provide information about any changes to the information indicated in Paragraph 66.01 and Paragraph 66.02 that occurred during the period covered by the annual financial statements, and during the period from the annual accounting reference date up to the submission of the information to the licensor.