Brazilian Soccer Clubs To Reveal Revenues

Brazilian Soccer Clubs To Reveal Revenues

Published June 9, 2003

The FINANCIAL TIMES’ Raymond Colitt reports that Brazilian President Luis Inacio Lula da Silva signed into law “a type of consumer code for football aficionados,” called a “statute for fans.”  The law “requires referees, who are currently appointed at will, to be chosen by lottery.”  Additionally, the statute requires clubs to “reveal their accounts and make public their revenues and size of audience.  They must publish the roster of referees, their internal regulations and ticket prices for the season.”  Clubs will also have to “ensure security inside stadiums, providing facilities such as ambulances, physicians and insurance” (FINANCIAL TIMES, 5/24).