Author: Ece Ozsu
Introduction
Law No. 7405 on Sports Clubs and Sports Federations ("Law on Sports"), which entered into force after being published in the Official Gazette dated 26 April 2022 and numbered 31821, introduced many new provisions on clubs and federations.[1] One of the most significant and noteworthy of these provisions is that sports clubs, which had been organized as associations before the Law on Sports, were granted a new kind of legal entity.[2] The new form of legal entity is called a "sports club." According to the Law on Sports, joint stock companies are another form of incorporation of clubs.
Numerous provisions of the Law on Sports, state that the Ministry of Youth and Sports ("Ministry") shall create a regulation governing the procedures and conditions regarding the registration of sports clubs and sports joint stock companies, as well as various other matters.
With this regard, the Ministry issued its first regulation under the Law on Sports. The Regulation on Registration of Sports Clubs and Sports Joint Stock Companies ("Regulation”) which entered into force after being published in the Official Gazette dated 8 July 2022 and numbered 31890. This article will examine the issues covered by the Regulation regarding sports clubs and sports joint stock companies.
