The money in Primeira Liga

Conditions

Requirements, not payments, though some can force an owner to put in money.

• Minimum capital€250k share capital (minimum)Lei 39/2023 (IPDJ guide). Source: Instituto Português do Desporto e Juventude
• Guarantee: directors guaranteeboard members' guarantee under art. 396 of the Companies Code, unless waivedLicensing manual, financial criteria: caução (5.2.8 from 2023-24). Source: Liga Portugal
• Legal formsports company (SAD, SDQ or SDUQ)Licensing manual, preliminary provisions on clubs promoted from non-professional competitions. Source: Liga Portugal
• Multi-club ownershipa majority holder of one company may not hold a qualifying stake in another company in national competitions of the same sport and sex (Lei 39/2023 art. 16)Licensing manual, legal criteria: transparency. Source: Liga Portugal
• Ownership approvalfit-and-proper self-declaration to the IPDJ, deemed approved on submission and open to later review; buyers of a qualifying stake must show economic capacity and the origin of fundssports companies (SAD, SDQ, SDUQ): holders of 5% or more and board members. Lei 39/2023 (IPDJ guide). Source: Instituto Português do Desporto e Juventude

Pay and spending

• Minimum salary€2,760 gross monthly base pay (14 payments a season)CCT Liga Portugal–SJPF art. 32(1)(a). Sources: Sindicato dos Jogadores Profissionais de Futebol, Liga Portugal
• Squad cost limit: wage bill to budget70% share of the season's budget (maximum)Licensing manual, financial criteria: budget (5.2.2 c from 2023-24). Source: Liga Portugal

Reporting and other rules

• Youth academy certification3 FPF academy stars (minimum)Licensing manual, sporting criteria (2.1.2 from 2023-24). Source: Liga Portugal
• Founding club minimum stake5% direct share of capital held by the founding club (minimum)sports companies (SAD, SDQ, SDUQ). Lei 39/2023 (IPDJ guide). Source: Instituto Português do Desporto e Juventude
• Qualifying holding threshold5% share of capital or votesLicensing manual, legal criteria: transparency (3.2.4 from 2023-24). Source: Liga Portugal
• Accounts publicationthe last three years of accounts, with balance sheets, on the company's website (also articles, boards, qualifying-holding notices and shareholder agreements)sports companies (SAD, SDQ, SDUQ). Lei 39/2023 (IPDJ guide). Source: Instituto Português do Desporto e Juventude
• Auditannual accounts certified by a statutory auditor (ROC/SROC), in the Liga's templateLicensing manual, financial criteria: financial statements (5.1.2 from 2023-24). Source: Liga Portugal
• Economic control: balanced budgetRequiredLicensing manual, financial criteria: budget (5.2.2 a from 2023-24). Source: Liga Portugal
• Economic control: tax social security and overdue debtstax and social-security clearance certificates; no overdue debts to clubs for transfers or to players, coaches and staffLicensing manual, financial criteria (5.1.3, 5.2.5, 5.2.6, 5.2.9 from 2023-24). Source: Liga Portugal
• Full time executive directorRequiredSADs. Licensing manual 5.2.7 b (Lei 39/2023 art. 19(2)). Source: Liga Portugal