Dimayor and LaLiga present Financial Fair Play agreement | Football24 News English

The organizations will collaborate in the exchange of good practices in the professionalization of football, with special emphasis on financial Fair Play.

The Major Division of Colombian Soccer (DIMAYOR) and LaLiga – Professional Soccer of Spain-, signed this Tuesday morning the renewal of its collaboration agreement in which the entities exchange information and knowledge to help develop football. The framework of this agreement aims to intention to intensify and improve the relationship between the entities through direct collaboration, which will allow them to offer technical and institutional assistance to their members.

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Furthermore, as an additional factor, an agreement has been concluded to guide DIMAYOR in the creation and implementation of its Economic Control, a practice that has helped the financial management of professional football in Spain and is today a global success story in the sports industry. Under this advice in Financial Fair Play, the clubs of DIMAYOR will achieve a better projection of income and expenses, as well as better management of their resources.

“Since LaLiga we are very happy to continue collaborating with DIMAYOR as one of our strategic allies in Colombia. Furthermore, with this new guide that we will give you on Economic Control issues, we know that you will be able to further enhance your competition. With this tool in LaLiga we managed to reduce the financial economic indicators of insolvency, complaints from players for non-payments and competitions of creditors of the clubs; we want to offer all our experience and know how to DIMAYOR so that they can also apply it ”, commented José Guerra Álvarez, Corporate General Director of LaLiga.

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LaLiga and DIMAYOR have had a collaboration agreement since November 2016, however, with this renewal This advice will be added on issues of financial Fair Play for the development of Colombian competition.

“The presentation of Financial Fair Play is the beginning of the good corporate governance policies that we are beginning to implement in DIMAYOR. This tool is the opportunity For Colombian professional soccer clubs to better organize their finances, standardize the economic information that they must present and significantly achieve a real planning of budgets, understanding what the limitations may be and not exceeding the debt capacity. We have spoken with the team presidents and this is the beginning of a DIMAYOR, dynamic and responsible, where the clubs can act with greater transparency and above all comply with the contractual obligations assumed, in all aspects “, indicated Fernando Jaramillo, President of DIMAYOR.

Under this alliance both LaLiga – Professional Soccer of Spain- as DIMAYOR, will hold follow-up meetings to ensure the flow of information and teamwork in order to exchange knowledge and manage to build the Economic Control for the Colombian competition. This new collaboration agreement will run until the end of 2023. At the presentation event before the media, the Minister of Sports, Ernesto Lucena, was also present.

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