Sporting Braga’s New Statute Proposal: A Shift in Power Dynamics?

Sporting Clube de Braga, a prominent Portuguese football club, has introduced a new proposal for amending its statutes, sparking discussions about the club’s future. The proposal, spearheaded by the General Council, focuses on two key areas: shareholder structure and candidate requirements for club elections. The new proposal seeks to redefine the club’s relationship with its publicly-traded subsidiary (SAD). Previously, the club aimed to maintain a majority shareholding in the SAD, but the proposal now allows for a potential shift in ownership. This change has raised concerns among some members about the club’s control over its own destiny. Additionally, the proposal revises the number of members required to support a candidate list for elections, significantly reducing the threshold. The club is currently seeking feedback from members until September 30th, with the goal of achieving a final version that reflects the diverse perspectives of its supporters.