Activities and Accounts Report 2016-17

ACTIVITIES AND ACCOUNTS REPORT

2016-17

INDEX STRATEGIC SUMMARY OF THE 2016-17 SEASON

PRESIDENT’S MESSAGE

#004

#006

#020

SUMMARY OF THE 2016-17 SEASON

#032

2016-17 REPORT AND ACCOUNTS

#080

2016-17 ACTION PLAN EXECUTION

APPENDIX

#104

#130

FINANCIAL STATEMENTS ON 30 JUNE 2017

| ACTIVITIES AND ACCOUNTS REPORT | 2016-17 SEASON | 3

PRESIDENT’S MESSAGE We

Societies, fans and sponsors.

We

with

cash management, we managed to free

2016-2017 season to achieve and fulfill the

strove

We would like to thank the City Halls of

Sports Societies on the introduction and

up €2,469,975 for operational purposes,

goals set out by the Board. Financially, we

Loulé and Faro for all the support and

improvement

covering

have exceeded the budgeted operating

willingness to accommodate this “football

applications at the service of football, such

commercial activities. As planned, we

expectations, we carried out all the actions

week”, organized entirely by Liga Portugal,

as the e-Liga app and its interconnection

awarded in full profits arising from the

planned, and paved the way for the future.

which took place in January at the Algarve

with tablets and smartwatches, in a unique

Taça CTT, and made the organization of

To comply with the strategy we defined,

Stadium.

project with SAMSUNG.

competitions self-sustaining. The Amounts

Liga Portugal and its associate Sports

Strategically, management earmarked the

Money-wise, with the books now balanced

for the operational results allowed us to

Societies committed themselves to the daily

2016-17 Season as a time of consolidation

thanks to financial renegotiations and strict

liquidate the 5 million euros that were in

task of making football more competitive

and managed to fulfill all of the goals it set

and entertaining. A summary of the

itself. At the same time, it better equipped

actions carried out to this end in 2016-17 are

the Liga’s services and boosted the support

included in this report.

of the clubs.

We promote the nurturing of talent within

To achieve this, we reinforced the technical

the professional management of one of

skills of the teams on the ground; we imple-

the most dynamic sectors of the national

mented a training policy, both internally,

economy, and we encourage clubs to

with emphasis on actions imparted among

focus on the development of both the

our officials, and externally, among our

game and its players. These two sources

stakeholders,

of enhancement are, in our view, what

the launch of the only postgraduate

underpin

certificate in this industry: The “Organization

the

tirelessly

throughout

sustainability

of

the

national

more

specifically

with

football and beyond.

and Management of Professional Football”,

Last season, the battle for the Liga NOS and

an initiative rolled out in partnership with

LEDMAN LigaPro titles were exhilarating

the Catholic University of Porto. We have

right until the final round of matches, gri-

organized

pping the sector in a frenzy of excitement,

representatives of all sports authorities

made evident by the growth in spectators

who are involved in professional football;

in all competitions under the control of Liga

we have certified stadiums and sports

Portugal.

infrastructures.

Taça CTT enjoyed reinvigorated momen-

New technologies, such as Goal Line

tum with the implementation of the new

Technology (GLT) and offline Video-Referee

model of competition, with the introduc-

tests were trialed during the Final Four of the

tion of the Final Four and Winter Cham-

Taça CTT. The latter came to substantiate

pion title, a pioneering concept that

the introduction of this technology by the

proved to be a huge success for Sports

Portuguese Football Federation (PFF).

4 | ACTIVITIES AND ACCOUNTS REPORT | 2016-17 SEASON |

ongoing

debates

with

the

have

also of

worked new

closely

technological

both

membership

and

the red, and consolidate the organization’s

Financial Debt.

for progress and maturity, as set out in the

of this Board. We will continue to foster the

financial situation.

We clearly understand that the path

strategic objectives and actions to be

close collaboration that galvanizes not only

This current board acknowledges it is

we are following cannot allow for of a

implemented, which are contained in the

the structure of Liga Portugal, but all Sports

already halfway through its mandate and

repetition of mistakes of a recent past, and

2017-18 Activities Plan.

Societies, partners, sponsors and sports

is well aware that the road ahead still bears

that the near future will require great rigor and

We thank all those who in the 2016-17

and government bodies involved in the

challenges.

a

containment. Only this will help us reach the

Season

development and sustainability of the

remarkable first two years, in which we

stages of growth and maturity that we are

passion in the management of football,

sought to create and achieved conditions

aiming for, by the end of 2019.

and all those who endeavored to execute,

for the sustainability and consolidation of

We are committed to a future that strives

so efficiently and inexorably, the intentions

We

have

completed

shared

our

dedication

and

football industry.

Photo of the team responsible for the organization of the 10th edition of Final Four Taça CTT.

| ACTIVITIES AND ACCOUNTS REPORT | 2016-17 SEASON | 5

SUMMARY OF THE 2016-17 SEASON

The 2016-17 Liga NOS was one of the most

again crucial in deciding in which order the

exhilarating in recent memory, with many

so-called Big Three would end the season.

decisive games, first-class displays and

Sporting Clube de Portugal’s Bas Dost

landmark moments that will last in the

scored

memory of fans.

(Vitória SC and FC Porto) with 19 goals and

This includes matches that allowed Vitória

Mitroglou (SL Benfica), who scored 16 goals.

SC, SC Braga and Marítimo to qualify for the

Champions SL Benfica stood out from the

Europa League, along with games

rest by winning the league title, also ending

involving which

relegation-threatened

were

eventually

teams

decided

on

goal difference on the final day of the

34

goals,

followed

by

Soares

the season with both the best attack and best defense (72 goals scored and 18 goals conceded).

season. As always, matches between SL Benfica, FC Porto and Sporting CP, were once

| ACTIVITIES AND ACCOUNTS REPORT | 2016-17 SEASON | 9

Final classification of the 2016-17 Season Liga NOS L

TEAM

P

OVERALL W D L

HOME P W D L

AWAY P W D L

GOALS AVERAGE GS GC GS GC

P

1

SL Benfica

34 25 7

17 14 3 0

17 11 4 2

72 18

82

2

FC Porto

3

Sporting CP

34 22 10 2

17 14 3 0

17 8 7 2

71 19 2.1 0.6 76

34 21 7

6

17 12 3 2

17 9 4 4

68 36 2.0 1.1 70

4 5

Vitória SC

34 18 8

8

17 8 5 4

17 10 3 4

50 39 1.5 1.1 62

SC Braga

34 15 9 10 17 10 4 3

17 5 5 7

51 36 1.5 1.1 54

6

Marítimo M.

34 13 11 10 17 10 5 2

17 3 6 8

34 32 1.0 0.9 50

7

Rio Ave FC

34 14 7 13 17 8 4 5

17 6 3 8

41 39 1.2 1.1 49

8

CD Feirense

34 14 6 14 17 7 2 8

17 7 4 6

31 45 0.9 1.3 48

9

2

2.1 0.5

Boavista FC

34 10 13 11 17 5 6 6

17 5 7 5

33 36 1.0 1.1 43

10 Estoril Praia

34 10 8 16 17 6 2 9

17 4 6 7

36 42 1.1 1.2 38

11 GD Chaves

34

8 14 12 17 6 8 3

17 2 6 9

35 42 1.0 1.2 38

12 Vitória FC

34 10 8 16 17 7 3 7

17 3 5 9

30 39 0.9 1.1 38

13 FC P.Ferreira

34

8 12 14

17 6 8 3

17 2 4 11

32 45

14 Os Belenenses

34

9

9 16 17 4 6 7

17 5 3 9

27 45 0.8 1.3 36

15 Moreirense FC

34

8

9 17

17 4 7 6

17 4 2 11

33 48

1.0 1.4

33

16 CD Tondela

34

8

8 18

17 7 3 7

17 1 5 11

29 52

0.9 1.5

32

17 FC Arouca

34

9

5 20

17 6 2 9

17 3 3 11

33 57

1.0 1.7

32

18 CD Nacional

34

4

9 21

17 2 6 9

17 2 3 12

22 58

0.6 1.7

21

3 PLACES

(1 PRE-QUALIFICATION)

0.9 1.3

3 PLACES

36

(2 PRE-QUALIFICATION)

10 | ACTIVITIES AND ACCOUNTS REPORT | 2016-17 SEASON |

Evolution of Average Advertising Value Equivalency Return (AVE) of the Competition and Liga NOS (2015-16 Season; * 2016-17 Season; millions of euros)) M1 234

M933* 70% Television Coverage

34%

24%

Online Coverage

30% 6%

415,68

280,97 2015-16

Press and Radio Coverage

2016-17*

AVE (Advertising Value Equivalency) – equivalent of cost of advertising the Competition in the Media in minutes and spots (traditional and digital)* CISION Sponsorship Report, 2015/16 Season, complete (estimated total value), and 2016-17 Season; CISION Impact Report, 2016-17 Season.

MAIN REVENUE-GENERATING PROPERTIES NAMING

GOAL NETS

306 TELEVISED MATCHES

FOOTBALL KITS

FLASH INTERVIEW

18

TEAMS

306

MATCHES

728

GOALS 2,4

AVERAGE 2.4 PER MATCH

STADIUM ATTENDANCE

BY SEASON The 2016-17 Season saw an absolute record of spectators in the three Liga competitions, which exceeded 4.3 million spectators per year.

In the Liga NOS, attendance has been growing since 2012. In average terms per season, the number of spectators now reaches three million spectators, now approaching results closer to four million.

It is interesting to note that in 71 of the total 306 games (23%), in terms of attendance there was an installed capacity occupation rate in stadiums of over 80%.

34

3,6M

3,3M 3M

7%

2014-15

2015-16

10%

GOALS

BAS DOST (SPORTING CP)

2016-17

| ACTIVITIES AND ACCOUNTS REPORT | 2016-17 SEASON | 11

The phenomenal performances of CD Aves

This was one of the most balanced

and Portimonense in the 2016-17 edition of

seasons ever. Proof of this was the final point

LEDMAN LigaPro, left little room for doubt as

difference between the third and 12th

to who would win the title.

classifications: only four points.

Champions

Vítor

Jorge Pires, of Portimonense, with 23 goals,

Oliveira at the helm, from early on stood

Portimonense,

with

was the best scorer of the race, followed by

out as a clear candidate for the title,

Paulinho, Gil Vicente FC with 19 goals and

confirming their status in the last round of the

Kwame N’Sor of União da Madeira with 16

competition.

goals.

In turn, CD Aves confirmed its promotion in round 39 of LEDMAN LigaPro.

| ACTIVITIES AND ACCOUNTS REPORT | 2016-17 SEASON | 13

Final classification of the LEDMAN LigaPro 2016-17 Season L

TEAM

P

OVERALL W D L

HOME P W D L

AWAY P W D L

GOALS AVERAGE GS GC GS GC

1

Portimonense

42 25 8

2

9

21 16 3 2

21 9 5 7

70 39 1.7 0.9 83

CD Aves

42 23 12 7

21 15 4 2

21 8 8 5

63 38 1.5 0.9 81

3

U. Madeira

42 17 13 12 21 11 7 3

21 6 6 9

52 43 1.2 1.0 64

4

SL Benfica B

42 18 9 15

21 12 4 5

21 6 5 10

56 58

1.3 1.4

63

5

FC Penafiel

42 18 9 15

21 14 3 4

21 4 6 11

56 55

1.3 1.3

63

6

A. Académica

42 17 11 14

21 12 5 4

21 5 6 10

42 35

1.0 0.8

62

7

SC Braga B

42 16 14 12 21 10 7 4

21 6 7 8

64 50 1.5 1.2 62

8

SC Covilhã

42 15 17 10 21 9 8 4

21 6 9 6

51 41 1.2 1.0 62

9

Varzim SC

42 17 10 15 21 8 7 6

21 9 3 9

45 48 1.1 1.1 61

10 Sta. Clara

42 16 12 14

21 11 6 4

21 5 6 10

44 42

1.0 1.0

60

11 Vitória SC B

42 18 6 18

21 15 2 4

21 3 4 14

54 50

1.3 1.2

60

12 FC Porto B

42 16 12 14

21 9 9 3

21 7 3 11

52 49

1.2 1.2

60

13 Gil Vicente FC

42 13 17 12 21 10 8 3

21 3 9 9

47 49 1.1 1.2 56

14 Sporting CP B

42 15 10 17 21 9 4 8

21 6 6 9

64 62 1.5 1.5 55

15 FC Famalicão

42 14 11 17

21 10 6 5

21 4 5 12

47 50

1.1 1.2

53

16 CD C. Piedade

42 14 11 17

21 9 7 5

21 5 4 12

45 60

1.1 1.4

53

17 Ac. Viseu

42 13 13 16 21 7 6 8

21 6 7 8

49 54 1.2 1.3 52

18 Leixões SC

42 10 16 16

21 7 8 6

21 3 8 10

44 48

1.0 1.1

46

19 FC Vizela

42

9 19 14

21 5 11 5

21 4 8 9

39 49

0.9 1.2

46

20 AD Fafe

42 11 12 19

21 4 6 11

21 7 6 8

52 65

1.2 1.5

45

21 SC Freamunde

42

9 13 20

21 6 6 9

21 3 7 11

39 52

0.9 1.2

40

22 SC Olhanense

42

7

21 5 4 12

21 2 3 16

45 83

1.1 2.0

28

7 28

2 PLACES

(PORTIMOMENSE | CD AVES)

2 PLACES

P

(UD OLIVEIRENSE | REAL SC)

14 | ACTIVITIES AND ACCOUNTS REPORT | 2016-17 SEASON |

Evolution of Average Advertising Value Equivalency Return (AVE) of the Competition and LEDMAN M218* (2015-16 Season; * 2016-17 Season; millions of euros)

M186* 42%

Television

45%

10%

9,6%

13%

Online Cov

Press and Rad

22

18

AVE (Advertising Value Equivalency) – equivalent of cost of advertising the Competition in the Media in minutes and spots 2015-16 2016-17* (traditional and digital) * CISION Sponsorship Report, 2015/16 Season, complete (estimated total value), and 2016-17 Season; CISION Impact Report, 2016-17 Season.

MAIN REVENUE-GENERATING PROPERTIES NAMING

OUTDOORS ADVERTISING PLACARDS

124 TELEVISED MATCHES

PERFORMER LINE

FLASH INTERVIEW

22

TEAMS

(20 TEAMS 2017-18 SEASON)

462

MATCHES

STADIUM ATTENDANCE

BY SEASON

1 120 GOALS 2,43

AVERAGE PER GAME

23

500.000 497.000 390.000

25%

1%

GOALS

PIRES

(PORTIMONENSE)

2014-15

(552 MATCHES)

2015-16

(552 MATCHES)

2016-17

(462 MATCHES)

| ACTIVITIES AND ACCOUNTS REPORT | 2016-17 SEASON | 15

The Taça CTT 10th edition was marked by

and SC Braga, topped television ratings in

the reshaping of the tournament’s format,

Portugal, having averaged an audience of

in which the winter champion was deci-

more than 1.5 million viewers for 90 minutes,

ded through a Final Four-style competition.

with two million people tuning in to watch

The eventual winner was Moreirense FC.

the final minutes of the match.

After eliminating Estoril Praia, Belenenses,

This is evidence that the Taça CTT is,

CD Feirense, FC Porto, SL Benfica and bea-

and will continue to be, one of the main

ting SC Braga in the final, the team led by

competitions of Liga Portugal.

Augusto Inácio won the title and became the first winter champion of the trophy.

The Taça CTT Final, between Moreirense FC

| ACTIVITIES AND ACCOUNTS REPORT | 2016-17 SEASON | 17

Evolution of Average Advertising Value Equivalency Return (AVE) of the Competition and LEDMAN (Season 2015-16; * Season 2016-17; million euros) TAÇA CTT*

GLOBAL RETURN - AVE (INCLUDES FINAL FOUR)

CTT*

77% Television coverage

M53,3

M180

15%

FINAL FOUR RETURN - AVE

M52,3

STADIUM ATTENDANCE

BY SEASON

Online coverage

M20 8%

Press and Radio coverage

The Final Four Made Up 30% of the entire competition’s AVE

30%

70%

TAÇA CTT

FINAL FOUR

IMPACT OF FINAL FOUR

RTP BROADCASTS Airtime on television

Number of broadcasts and total airtime on Television of the Taça CTT (including Social Responsibility) 864.500

18,1%

Semi Final 2

1.558.000

31%

Final * *

1.501.000

29,5%

Semi Final 1

Spectators / Average Share per game

36 horas

AVE (Advertising Value Equivalency) equivalent of cost of advertising the Competition in the Media in minutes and spots (traditional and digital) * CISION Sponsorship Report, 2015/16 Season, complete (estimated total value), and 2016-17 Season; CISION Impact Report, 2016-17 Season. * * According to GfK data the final had a peak audience of more than 2,000,000 viewers

OUTDOORS ADVERTISING BOARDS

FOOTBALL KITS

18 | ACTIVITIES AND ACCOUNTS REPORT | 2016-17 SEASON |

193.000

PRESS CONFERENCES

TELEVISED MATCHES

32%

185.000

-4%

21

MAIN REVENUE-GENERATING FEATURES NAMING

245.000

2014-15

2015-16

2016-17

4

GOALS

WELTHON

(FC PAÇOS DE FERREIRA)

2016-17 SEASON STRATEGIC SUMMARY

When the current board took over on 30 July 2015, it took stock of the situation Liga Portugal found itself in at the time, in terms of its human, financial, material, technical and technological resources.

As a starting point, it identified the position that the Liga should adopt towards its stakeholders, along with the long-term strategic objectives for the 2015-19 mandate.

As a result, the “Football with Talent� proposition was drawn up, in a bid to add value to and draw national competitions onto a level playing field when it comes to the training and propagation of talent within the sector. The key axes defined were as follows:

1. Viability

2. Sustainability

13. Institutional cooperation

3. Internationalization

12. Sponsorships

4. Credibility

11. Competitions

5. Professional refereeing

10. Structuring of the Liga

6. Innovation

9. Showmanship

8. Rebranding

7. Marketing

A strategic map of action was defined based on the elements Mission, Vision, Values and Strategic Guidelines, which are set out below and which underpinned the plan carried out during the 2016-17 Season.

| ACTIVITIES AND ACCOUNTS REPORT | 2016-17 SEASON | 23

MISSION, VISION AND VALUES Mission, Vision and Values define the essence of the organization’s aspirations and outline its position before the World.

Vision and Mission are designed to swiftly convey what is important and fundamental to the organization, and are the basis of the plan of action outlined and executed.

MISSION

To guarantee excellence within the organization and its professional competitions, ensuring commercial opportunities.

CONSOLIDATION

PROFESSIONALISM

VALUES

VISION

To change the current reality with the creation of a more profitable business model, able to attract greater interest from the media and more investors; Portuguese professional football should be economically self-sustaining and the management of all Sports Societies should be professional; To project the Liga Portugal brand and its international competitions.

24 | ACTIVITIES AND ACCOUNTS REPORT | 2016-17 SEASON |

RIGOR

TALENT

KEY PHASES OF DEVELOPMENT Planning, executing, controlling and readjusting should be an ongoing process, ensuring the consolidation and sustainable growth of operational organizations and teams.

For this, and as mentioned earlier, the Liga went through a phase of sustainability, with the reorganization of its financial and human resources, before entering a phase of consolidation in the 2016-17 Season.

Planning, executing, controlling and readjusting should be an ongoing process

| ACTIVITIES AND ACCOUNTS REPORT | 2016-17 SEASON | 25

In each of the phases the focus of the organization was, is and will be different, notwithstanding the ultimate goal of steadily moving towards maturity.

It is Liga Portugal’s objective to have

2016-17 CONSOLIDATION

Develop a business strategy to increase profitability

Develop an effective model to measure revenue generated by the Liga

sufficiently mature levels of management to focus its activity on the organization of professional competitions, the constant introduction of new technologies, the creativity of its promotion, the training of all officials, and the football industry as a whole, as one of the most dynamic sectors and with the greatest impact on the national socio-economic fabric.

2015-16 SUSTAINABILITY

Financial Economic Stabilization

Boost revenue - renewal of contracts Control and reduction of management and operation costs

Reformulate the current competition model, making competitions more attractive and balanced Streamline and reformulate IT-supported processes and procedures Create a technically robust organizational structure Develop a strong corporate culture and internal communication

2017-18 DEVELOPMENT

Increase the Liga’s visibility to 360-degrees Establish more enhancing relationships / partnerships Develop alternative content, products and services Systematically increase events and promotion of competitions Maintain an operationalization of excellence in events and competitions Create a 360-degree culture of service to clubs, fans, sponsors and other sports authorities Maintain a meticulous strategy and efficiency in management and operations

2018-19 MATURITY

Diversify the visibility of the Liga internationally Strengthen relations / partnerships, maintaining a policy of negotiation Develop an active trade policy with financial return and visibility Create a domain with increasing audience levels for events and competitions Create new service concepts, ensuring their operation Systematically develop and maintain the Liga’s IT areas Develop a long-term Social Responsibility strategy

| ACTIVITIES AND ACCOUNTS REPORT | 2016-17 SEASON | 27

STRATEGIC GUIDELINES The strategic objectives of Liga Portugal for the 2015-19 timeframe were clearly defined, underpinned by operational objectives. The main goal is to create value, credibility and internationalize Liga Portugal and professional football.

In this context, the strategic objectives of Liga Portugal for the period spanning 2015 and 2019 fall into six perspectives of development:

1 ENSURE THE SUSTAINABILITY OF THE LIGA AND ITS SPORTS SOCIETIES

2

3

ADOPT THE SUCCESSFUL

A MEASURABLE AND

PRACTICIES OF THE MAIN

ACHIEVABLE BUSINESS

EUROPEAN LEAGUES

PLAN

4 MAKE THE VARIOUS COMPONENTS OF THE GAME MORE PROFITABLE

5

6

ATTRACT MORE

GIVE CREDIBILITY

SPECTATORS AND

TO THE FOOTBALL

SPONSORS

BUSINESS

Develop new models

Be a benchmark in

Develop and

Enhance and create

Develop a

Develop a strategy of

of competition and

the promotion and

implement a business

new revenue drivers.

“360-degree”

thoroughness, transparency and

encourage good

management of

model that allows

communication

management

international football.

for the assessment of

policy and enhance

efficiency in

practices within

results, which is

added value from

management and

Sports Societies

ambitious, but

partnerships and

operations.

achievable.

sponsorships.

28 | ACTIVITIES AND ACCOUNTS REPORT | 2016-17 SEASON |

STRATEGIC OBJECTIVES AND PROFITS 2016-17 To ensure that the strategically defined actions fulfill the objectives set out for the four-year period, and that the Liga is on the right track, short-term strategic objectives were drawn up in 2016-17, whose degree of compliance is summarized below.

FINANCIAL OBJECTIVES

COMMERCIAL OBJECTIVES

Operational Profits

Commercial Income

PROMOTION AND COMMUNICATION OBJECTIVES

25.848

(since October 2016)

Exceeded

Target

2,185 M€

113%

Executed

2,470 M€ Executed via Social Networks

Target

10,714 M€

Debt Ratio (P/CP)

Better Than

Target

6,84

Expected

34.647

Executed

5,53

Executed

10,124 M€

Average Time to Pay Suppliers

Target

30

ON TARGET

Executed

30

Solvency Ratio (CP/P)

Target

0,15

Better Than Expected

Executed

0,18

313.700

Commercial income fell short of expectations due to the

The biggest challenge the Liga faced during the 2016-17

lower billing of the Final Four ticketing and attendance

season with regards to promotion and communication was

numbers at stadiums, as well as the definition of a reduced

access to content, namely video content. Lack of content was

price policy in order to make access to them fairer.

one of the reasons the Liga experienced difficulties in hitting its

On the other hand, there was no billing for the balls used

target number of followers.

in competitions by the sponsor Nike, resulting from contract

On top of that, during the 2016-17 Season, indicators for this

issues which have already been settled for the 2017-18

area were increased, as were the quantifiable objectives

season.

defined for them. This is mirrored in the Activity Plan for 2017-18.

The effect on operating income was shown to be nil due to

Significant investment was made in being able to measure

During the 2016-17 Season, one of the greatest challenges that

the non-recognition of the corresponding expenses.

the AVE (Advertising Value Equivalency) of Liga Portugal’s

Liga Portugal faced was meeting the target set for income. It

Although the entry of a new sponsor is foreseen in the

competitions, brands and props, on the one hand to have a

was verified that despite the non-fulfillment of the total inco-

Activity Plan for 2016-17, only at the end of the year was it

better notion of their return, and, on the other hand, to enable

me, the organization was able to manage operational costs, to

possible to reach an agreement, which will have effects for

the technical teams to have concrete measurements of their

exceed the objective set for the operational results.

the 2017-18 Season.

performance.

| ACTIVITIES AND ACCOUNTS REPORT | 2016-17 SEASON | 31

2016-17 ACTION PLAN EXECUTION Liga Portugal’s annual activity report for 2016-17 foresaw a set of actions which, as already mentioned, were either carried out in full, or the steps necessary for their execution during upcoming seasons were taken.

Large-scale and General activities, due to their size or relevance to Liga Portugal’s overriding strategy and achievement of the objectives outlined. They are spearheaded by one single department but require the joint, organized efforts of the various departments.

The projects and activities put forth in the said plan were classified into two major groups:

Projects by department, which, while contributing to a common whole, are specifically worked on and developed by a single department.

34 | ACTIVITIES AND ACCOUNTS REPORT | 2016-17 SEASON |

The 2016-17 Activity Plan was executed in full, bolstering Liga Portugal’s technical abilities during this period, both through the training of human resources and through a boost in recruitment in the areas identified as strategic for the positioning of

• Introduction of the Final Four Taça CTT event, with three matches during “football week”, innovating in terms of sports and leisure activities, namely outside the stadium, with the Fan Race, Game of Legends, Music Concerts, among others; the organization of this competition was the sole responsibility of Liga Portugal’s services; the results obtained allowed the Winter Champion to be established, boosting stadium attendance and media returns for the whole competition, as measured by the AVE (Advertising Value Equivalency) presented in this document in chapter 2; • Invigorating the LEDMAN LigaPro with the stimulation of showmanship, namely higher levels of investment in awards ceremonies, collaboration with television operators for the transmission of games, among others; within the Competitions there was a great deal of involvement in improving the stadium infrastructures, including the pitches, as well as in the alignment of all documentation; • The conclusions of the Working Groups were presented in the Annual Conference, resulting from the joint efforts of the Sports Societies and Liga Portugal; this three-day event also featured a seminar on the theme ‘Internationalization of League Brands’,

the Liga. New procedures and work tools were also introduced, allowing for greater levels of technology and automation. Hence, of the

projects planned and carried out, which will be described in brief over the following pages, the following are of note:

with national and international speakers and the General Assembly of European Professional Football Leagues (EPFL); • A strong commitment was made to the reformulation of the recruitment, training and evaluation process of Liga Officials, with objective criteria, a view to re-training, and appreciation of this role; • Training was one of the main goals of 2016-17, focusing on internal training and training for Sports Societies, as was the case of the various courses in the Liga’s digital applications, training for Sports Societies with the potential to ascend to the LEDMAN LigaPro; Pitch Directors, Security and Press Directors, and external training, as exemplified by the launch of the “Organization and Management in Professional Football” postgraduate course; • The Liga has introduced new technologies in competitions, through the implementation of the e-Liga in the organization of games, which led to the organization of matches becoming virtually paperless. This is a pioneering project in Europe, which puts Liga Portugal at the forefront of International Leagues with regards to technology and operations;

• New technologies, such as the Video-Referee, Goal Line Technology (GLT), e-Liga smartwatch and tablet interface, were also tested, as was the preparation of official statistics for LEDMAN LigaPro; • The Liga’s digital ecosystem aims to develop as a whole, having drawn up an action plan in the digital world involving the negotiation of videos and content for the Liga, whose first phase was approved; • Focus on improving the operation and efficiency of internal management through the development of new procedures in the area of purchases, budgeting and planning of activities.

The main projects implemented in the 2016-17 period will be presented systematically, starting with major projects before moving on to specific projects from each department. | ACTIVITIES AND ACCOUNTS REPORT | 2016-17 SEASON | 35

GENERAL PROJECTS AND

ACTIVITIES

36 | ACTIVITIES AND ACCOUNTS REPORT | 2016-17 SEASON |

Working Groups 2016-17

Liga Portugal’s Annual Conference

Taça CTT Final Four 2016-17

Postgraduate studies

Implementation of the Video-Referee Project

Quality Management System | ACTIVITIES AND ACCOUNTS REPORT | 2016-17 SEASON | 37

WORKING GROUPS 2016-17 The Working Groups began their endeavors

ved at the General Meeting, on May 29

greater involvement of Liga Associates,

of Club representatives to spearhead the

on September 19, 2016, as projected, and

and June 12, 2017.

which is evident in the participation of more

topic, greatly contributed towards the

culminated in a plenary session for the glo-

The purpose of the Working Groups is to

than 70% of Sports Societies in:

results achieved. The topics discussed

bal presentation of conclusions, on March

produce proposals for amendments to

• Six official meetings and six additional

during the 2016-17 season were as follows:

29, 2017, at the Annual Conference.

the Liga’s Rules, and is divided into the

meetings;

////////////////////////////////////////////////

The conclusions were studied by the

following areas:

• 232 attendances at official meetings;

Regulatory Working Group appointed for

• Financial;

• Which is the equivalent of more than 700

this purpose during the months of April

• Competitions;

hours of meetings.

and May. The proposals for the resulting

• Legal;

regulatory

• Marketing & Communication.

changes

were

subsequently

submitted to the Liga’s Board and appro-

During the 2016-17 Season there was a

The early identification of topics and priorities, topic subgroups, and the involvement

FINANCIAL

COMPETITIONS

LEGAL

MKT & COM

Financial Assumptions

Sustainability and Appeal

PER, SIREVE and Insolvencies

Central Marketing

Requirements for participation in LEDMAN LigaPro

Investor Relations

Changes to Regulations

Match-fixing

Sanctions Framework

Online Betting

Competition Assets Ticketing Digital and Social Media

| ACTIVITIES AND ACCOUNTS REPORT | 2016-17 SEASON | 39

Annual Conference With the aim of bringing together renowned and prestigious personalities linked to professional football in the most diverse areas, this three-day get-together took place between May 29 and 31. The event was divided into 3 main agendas: • Presentation of the results of Liga Portugal’s Working Groups; • Workshop with the theme Internationalization of League Brands, attended by speakers from International Leagues; • General Meeting of European Professional Football Leagues (EPFL).

40 | ACTIVITIES AND ACCOUNTS REPORT | 2016-17 SEASON |

The draw for the third round of the Taça CTT

the three main football matches, the event,

was also staged for the first time and saw

was held on 9 November, culminating in the

staged between January 25th and 29th,

around 450 people take part; the Game of

Taça CTT’s Final Four “Football Week”.

also entailed various other sports and lei-

Legends and social responsibility activities

The organization of this event was the sole

sure activities. On one hand, the Faro and

were promoted, using professional football

responsibility of the Liga’s services, which, as

Loulé fan zones, with various activities

as a vehicle to support local institutions.

planned, undertook all aspects of the highly

geared towards the local community; on

successful semi-finals and final matches,

the other, concerts, DJ sets, engaging

held at the Algarve Stadium.

with and entertaining the public through

This tenth edition of the Taça CTT was

myriad activities, televising the semi-finals

marked by the introduction of a new

and final on a giant screen, and football

competitive model through which the first

tournaments

Winter Champion was crowned. Besides

technological sports initiatives. A Fan Race

42 | ACTIVITIES AND ACCOUNTS REPORT | 2016-17 SEASON |

between

schools

and

Organization and Management in Professional Football postgraduate course The first edition of the ‘Organization and Management in Professional Football’ postgraduate course has been launched, having started on October 14, at the Liga’s headquarters in Porto, and achieved a success rate of 100% in registrations.

It resulted from a partnership between Liga Portugal and Porto Catholic University’s Faculty of Law. It is the only official postgraduate in Portugal recognized by professional football.

The course was taught by professors from the Catholic University and national and international guest-teachers renowned for their roles in professional football. Among them were Martin Kallen, of UEFA Events, Colin Smith, of FIFA, João Sacramento, of Monaco, José Manuel Ribeiro, of newspaper O Jogo, Victor Serpa, of newspaper A Bola, António Magalhães, of newspaper Record, Paulo Menezes, of FC Paços de Ferreira, António Gaspar Dias, of FC Penafiel, Jaime Teixeira, of FC Porto, Domingos Soares de Oliveira, of SL Benfica, Rui Caeiro, of Sporting CP, Joaquim Evangelista, of the Professional Football Players’ Union (PFPU), and Paulo Lourenço, of the Portuguese Football Federation (PFF).

The various topics covered by this course related to the following topics: • Organization of professional competitions; • Marketing and Communication; • Legal framework; • Management and Accounting of Sports Societies. ////////////////////////////////////////////////////////////////////////////////////////////////////////

| ACTIVITIES AND ACCOUNTS REPORT | 2016-17 SEASON | 45

IMPLEMENTATION OF THE

VIDEO-REFEREE PROJECT

Liga Portugal was, during the 2016-17 season, invited by the International Football Association Board (IFAB) to take part in the Video-Referee project.

Given that Liga Portugal believes that this technology can be of pivotal importance to the truth and transparency of professional football, in concordance with the Portuguese Football Federation, the invitation was accepted. Consequently, Liga Portugal attended various international workshops in 2016, held in held in Amsterdam, New York and Zurich to discuss the Video-Referee project and the protocol for its introduction. Thus, and as planned, on January 25th, 26th and 29th, 2017, the technology was tested offline in the Taça CTT’s Final Four. With agreement from the Portuguese Football Federation, it will be used in the Liga NOS during the 2017-18 Season. ///////////////////////////////////////////////

QUALITY MANAGEMENT SYSTEM In accordance with the requirements of

tion of all stakeholders. Its implementation

the Reference Standard NP EN ISO 9001:

started at the beginning of December

2015, the Quality Management System was

2015 and Liga Portugal obtained certifi-

implemented

2016-17

cation, valid for three years, in June 2016.

Season. The scope of certification obtained is

As a result, Liga Portugal became the first

directly

European league certified according to

during

related

measures

and

to

the the

procedures,

monitoring

of

the

Reference Standard NP EN ISO 9001: 2015.

organization, and how of professional

In June 2017, the first follow-up audit was

football competitions are prepared in

carried out. Loosely, Liga Portugal is divided

Portugal.

into seven general-processes, comprising

The objective of this project was to im-

50 sub-processes:

prove the organization’s operability and

• Strategic management;

efficiency, involving all of Liga Portugal’s

• Monitoring and Control;

departments and employees.

• Competition Management.

The specific guidelines defined by the

• Human Resources Management and

quality policy implemented were:

Training; • Marketing and Communication;

•

Defend

Associates

the and

common the

interests

of

• Infrastructure Management;

management

of

• Legal Advice;

matters inherent to the organization and

The clear definition of activity flowcharts

practice of professional football and its

allowed a more effective understanding

competitions;

of the process that automation requi-

•

Develop

a

partnership

with

all

res, with any implications on the systems’

stakeholders, in particular Associates and

architecture to be developed by the IT

sponsors;

department.

• Encourage a work environment that promotes the motivation and apprecia-

GENERAL TIME-LINE OF ACTIVITIES EXECUTED Activity

July

August

September

October

November December

January

February

March

April

May

June

Objetive

General Projects and Activities Working Groups 2016-17 FULFILLED Liga Portugal’s Annual Conference FULFILLED Taça CTT’s Final Four 2016-17 FULFILLED ‘Organization and Management in Professional Football’ Postgraduation Course FULFILLED Implementation of the Video-Referee Project FULFILLED Quality Management System FULFILLED

| ACTIVITIES AND ACCOUNTS REPORT | 2016-17 SEASON | 47

During the 2016-17 Season various activities were developed by Liga Portugal’s different departments, whose focus was on achieving specific goals set within their areas but designed to contribute to the general end cause.

SPECIFIC PROJECTS AND ACTIVITIES BY

DEPARTMENT

| ACTIVITIES AND ACCOUNTS REPORT | 2016-17 SEASON | 49

FINANCIAL DEPARTMENT

This department, which is responsible for administrative and financial functions, showed a 100% compliance to the activities set out for the 2016-17 period and was responsible for reformulating the purchasing processes as well control and budgeting procedures, with a view to greater operational efficiency.

Activity planning and budget control

treasury budget up to date and in line

Proposed financial restructuring program for Sports Societies

receiving and analyzing Sports Societies’

with the needs of the Liga;

A new budgeting system was developed

• Preparation of the annual financial

Due

////////////////////////////////////////////////

in the 2016-17 period, based on analytical

statements for 2015-16, in accordan-

the framework of Financial Assumptions

accounting by departments and cost

ce with current accounting standards,

during the period under analysis, the Liga

2016-17 Training Program

centers and supported by a management

reflecting in a true and transparent

initiated tentative talks about its active role

Also in the period 2016-17, an internal

application (PHC).

manner the current financial situation,

in the creation of parameters and guiding

training

to

its

patent

restructuring

within

reports and accounts.

program

was

launched,

developing the annual Report and

control mechanisms for Sports Societies,

encompassing the various areas of the

departments a greater thoroughness in

Accounts of the organization;

which should take effect four to six years

organization to improve the sharing and

budgeting and in monthly operational

• All invoicing and payment control;

after coming into force.

level of employees’ skills.

control.

• It also assisted the management of

Through this program, which depends

Thus, using the Liga’s internal resources,

Sports Societies’ treasuries.

on

The

new

system

allows

the

various

As planned this project was coordinated by the Financial Department. Monthly cross-checks are carried out, support is

////////////////////////////////////////////////

professional

a set of topics that were successfully

sports clubs and competitions, the aim is

developed during 2016-17 have been

essentially

and

identified and monitored. This program

financial fair play in favor of professional

has proven to be fundamental in the

the

collaboration to

ensure

of

loyalty

measures for any deviations identified are

Internal purchasing control system

football competitions, and an efficient and

sustainable growth of the Liga’s technical

defined.

During the 2016-17 Season, the Internal

balanced management of Sports Societies.

components.

a

Purchasing Control System was developed

A first approach was developed, which

In

the

with clearly-defined governing rules, which

served as a starting point for discussion,

Activity Plan, a set of external training

organization’s objectives and strategies,

were provisionally implemented as a trial at

which aims to reach maturation in the

courses will be added to further enhance and

was, for the 2017-18 season, developed by

the end of the season, before becoming

2017-18 season. The Liga believes this

update professional skills in the key areas of

each department and reflected in the new

fully operational in July 2017.

project / program is urgent and should be

the organism, which is a clear indication of

budgetary control system.

The objective was to better control all

initiated as soon as possible to rationalize

the direction being followed.

////////////////////////////////////////////////

adjudications

expenditure in relation to the revenues

////////////////////////////////////////////////

offered to identify deviations, and corrective

To

this

end

structuring

the

Activities

instrument

for

all

Plan, of

Administrative and financial follow-up

/

purchases,

streamline

procedures, and optimize the price /

obtained, and objectively list goals.

quality ratio of the goods and services to be

////////////////////////////////////////////////

acted upon.

De-

The results of this process, despite the fact

Financial Assumptions 2017-18

partment ensured the normal functio-

that it entered into force in the last quarter

A set of Financial Assumptions inherent to

ning of the Liga’s administrative and

of the 2016-17 period, were immediate and

the admission and participation of Sports

financial areas through a wide range of

very positive, taking into account the main

Societies in competitions organized by the

activities, namely:

The

Administrative

•

Accounting

allowing

the

and

of

Financial

all

monthly

objective advocated, ie greater control of

Liga was prepared and analyzed.

documents,

all of the Liga’s purchases and contracting.

The

closure

In the next period this process will be

support of the Legal Department, examined

stabilized

adjustment,

the documentation submitted by Sports

of

accounts on the 8th of each month;

through

normal

Financial

Department,

with

resulting in the implementation of best

Societies at the beginning of the season,

management practices.

regarding compliance with mandatory

needs and resources, keeping the

////////////////////////////////////////////////

Financial

This

as

part

of

the

2017-18

the

• Monthly analysis of changes in cash

Assumptions.

addition,

included

| ACTIVITIES AND ACCOUNTS REPORT | 2016-17 SEASON | 51

////////////////////////////////////////////////

GENERAL TIME-LINE OF ACTIVITIES EXECUTED Activity

July

August

September

October

November December

January

February

March

April

May

June

Objetive

FINANCIAL Activity Planning and Budget Control FULFILLED Administrative and financial follow-up

FULFILLED

Internal Purchasing Control System FULFILLED Proposal for Financial Restructuring Program FULFILLED Financial Assumptions 2017-18 FULFILLED Human Resources Management FULFILLED Performance Management and Evaluation System (PMES) FULFILLED 2016-17 Training Program FULFILLED

52 | ACTIVITIES AND ACCOUNTS REPORT | 2016-17 SEASON |

COMPETITIONS DEPARTMENT

This department was responsible for the planning of all three professional football competitions in Portugal, guaranteeing their organization, scheduling, balance and stability.

Match scheduling and Sports Calendar The scheduling of dates and times of the

1st Training Course for Liga Officials

matches for each day throughout the

The first training course of the season was

season was carried out following the

held on July 17, 2016, as planned, with

applicable regulations, in coordination with

booster courses on November 19, 2016 and

the Sports Societies and TV operators. As

March 25, 2017. For the first time in about

planned, a strategy was developed that

20 years since the role of the official was

allowed the dates and times of the

created,

matches to be announced as far ahead

planned training courses were carried out.

as possible, so fans could organize travel to

The training components in the areas linked

and from the stadiums as well as a better

to professional football competitions during

planning for all parties involved. Meetings of

the three 2016-17 courses were as follows:

organized,

articulated

and

the permanent committee for the marking

• Information on the normalization of

of games have proved to be instrumental in

the Officials’ image (branding Liga

the proper functioning of the competitions.

Portugal);

////////////////////////////////////////////////

•

Information

on

the

commercial

aspects of the competitions;

Preparing the new Season

• Fiscal framework;

As planned, at the start of the new

• Reinforcement of information on the

season, contact was initiated between

functions of Officials;

the Sports Societies and the Competitions

• Presentation of the regulations of the

Department with a view to the necessary

sports season;

documents being drawn-up, tweaked, and

• Training in new technologies (e-Liga)

adjusted.

In

and tools available to the role;

cooperation

the

Marketing

cieties. All the information compiled by the

developed, allowing greater knowledge of

•

promotional

activities

Competitions Department was inserted in

the current realities.

training

were launched for the sponsors of the

the e-Liga, the management platform of

This

competitions, vouchers were attributed,

the Liga’s competitions.

understand

the layout of tickets and vouchers planned,

////////////////////////////////////////////////

experienced by the Sports Societies, their

Department,

with

along with backdrops and information on

strategy

allowed the

the

main

Liga

to

difficulties

Follow-up for 2017-18 Season

The

ensured

Broadly, and through a wide range of

had a high impact when defining concre-

the distribution of the official balls of the

activities, this department ensures the

te actions which are part of the 2017-18

competitions and the management of

balance

Activity Plan.

the whole operation with the Sports So-

competitions.

cieties, in terms of information about the

As advocated for this season, a policy of

official teams of the respective Sports So-

greater proximity to the Sports Societies was

Department

and

normal

functioning

in

the

improvement various

work

and tools

available to Officials; • Operational simulations. ////////////////////////////////////////////////

players and their procedures and manners

sponsors and partners, among others.

Competitions

Development,

of operation. These levels of knowledge

of

////////////////////////////////////////////////

| ACTIVITIES AND ACCOUNTS REPORT | 2016-17 SEASON | 55

the “Organization and Management

During the 2016-17 season, a new stadium licensing system was implemented, which ensures

Officials - recruitment, training, monitoring and evaluation

the conditions for professional competitions under the aegis of Liga Portugal, with a view to

Being that the officials represent the Liga in

te course, thus valuing their skills and

their licensing for this purpose.

full competition, a project was developed

performance;

During this timeframe a program for Listing Professional Competitions Stadiums by Level was

with the purpose of upgrading, training and

• Development of a continuous training

developed and implemented. This program, with aims to quantify various criteria, also aims

enhancing this role, giving it the necessary

program, with permanent monitoring

to enhance and emphasize conditions of excellence for the practice of professional football.

internal and external recognition.

and training of the Officials, in addition

In conjunction with the marketing department, ceremonies were held at all stadiums to deliver

For this end, the following actions were

to the previously-mentioned courses;

banners and plaques referring to the level of listing of each stadium.

developed:

• Introduction of a new assessment

Stadium Licensing

The program resulted in the following classifications:

in Professional Football”, postgradua-

• Development of a new format for

system, with objective indicators to

the recruitment and access to the

gauge

framework,

with

the

setting

of

pre-defined objective criteria. For the

knowledge,

availability

and

attitude. ////////////////////////////////////////////////

first time, a number of vacancies were reserved for students who attended

9 STADIUMS 5 STADIUMS 23 STADIUMS ///////////////////////////////////////////////////////////////////////////////////////////////////////

Monitoring the LEDMAN LigaPro project

Official Nomination Support System (ONSS)

During

the

Based on the needs identified by this

Competitions Department also focused

the

2016-17

Season

Department during the 2016-17 Season the

on improving the LEDMAN LigaPro’s main

development of an Official Nomination

weaknesses and needs, scrutinizing the

Support System (ONSS) was initiated.

competition as a whole and in particular to

A need to develop a digital tool that would

the Sports Societies that comprise it.

increase the efficiency and transparency

The objective was to outline strategies to

of the process and procedures for appoin-

boost the competition nationally. As a

ting Officials was identified. Hence, the

continuation of this work, specific actions

project gave way to the platform currently

for this purpose were put forward in the

being developed in conjunction with the

2016-17 Activity Plan.

Technology Department.

///////////////////////////////////////////////

| ACTIVITIES AND ACCOUNTS REPORT | 2016-17 SEASON | 57

Cooperation with the Ministry of Internal Administration (MIA)

republished under Law no. 52/2013, to raise awareness in the Government on the

Workshop for teams in the PRIO Championship

The Competitions Department has, as

following topics of maximum relevance for

In acknowledgement of the difficulties

planned,

Sports Societies:

Sports Societies face when transitioning

undertaken

several

meetings

and diligences with the Ministry of Internal

• Creation of standing sections for fans;

to professional competitions, namely the

Administration, namely:

• Security Meeting Points;

LEDMAN LigaPro, the Liga developed a

• August 2, 2016 - Meeting with the

• Minimum age for access to sports

specific workshop on this topic. The purpose

Minister of Internal Administration;

venues;

of this workshop was to ensure the correct

• September 13, 2016 - Contact with the

• Security coordinators;

knowledge of the rules and regulations go-

Ministry of Internal Administration;

• Consumption of alcohol in stadiums;

verning access to competitions organized

• February 20, 2017 – Reiterating that

• Number of staff per game.

by the Liga.

Contact in Parliament;

///////////////////////////////////////////////

Two training courses were carried out, one

• May 12, 2017 – Contact with the

held in Lisbon on March 14 and the second

Ministry of Internal Administration, for

in Porto, on March 16.

clarification on Coordinators;

////////////////////////////////////////////////

• July 5, 2017 - Response from the Ministry of Internal Affairs with regards to the Contact on May 12.

The purpose of this correspondence is the revision of Law no. 39/2009, of July 30,

GENERAL TIME-LINE OF ACTIVITIES EXECUTED Activity

July

August

September

October

November December

January

February

March

April

May

June

Objetive

COMPETITIONS Match Scheduling and Sports Calendar FULFILLED Preparation of the New Season FULFILLED Follow-Up for 2017-18 Season FULFILLED 1st Liga Officials Course

FULFILLED

Stadium Licensing FULFILLED Follow-up of LEDMAN LigaPro Project FULFILLED Football Officials - Recruitment, Training, Monitoring and Evaluation

FULFILLED

Official Nomination Support System

FULFILLED

Ministry of Internal Administration (MAI) FULFILLED FULFILLED Workshops with PRIO Championship Clubs Refereeing

58 | ACTIVITIES AND ACCOUNTS REPORT | 2016-17 SEASON |

FULFILLED

REGISTRATION OF CONTRACTS

DEPARTMENT This department is divided in two broad areas, which work in an integrated and articulated way to achieve the objectives that are common to the whole organization. This Department, given its specificity and areas of operation, is fundamental in supporting the Liga´s activity, to other departments and to the Sports Societies.

of Football Coaches (NAFC), Portuguese

LEGAL

Association of Referees (PAR) and the

The legal area focuses its activities on

Portuguese

the

among others.

management,

application

and

amendment of regulations, actions, draf-

Football

Federation

(PFF),

////////////////////////////////////////////////

ting and analysis of contracts, suggestion of alterations to clauses whenever necessary,

Online Betting

issuance of reports, opinions and answers to

The topic of online betting was approached

enquiries, whenever asked, among other

and addressed by a Working Group and

activities.

a strategy was defined so that the values ​​obtained would contribute to the financing of the Liga, its clubs and competitions.

Follow up of protocols, contracts and legal situations The main activities of this area, for the 2016-17 Season, were as follows:

The strategy is already being implemented, and Sports Societies are receiving these contributions periodically ​​ and directly. entities such as the SEF Immigration

Group that analyzed the changes resulting

These deliverances have long contributed

labor

and Borders Service, the Portuguese

from the conclusions of the other Working

to the strengthening of the treasuries of

contracts, with entities such as the of

Football Federation and the Professional

Groups, which were included in the regula-

many Sports Societies.

Professional Football Players Union and

Football Players Union, Social Security

tions of the Liga during May, was coordina-

////////////////////////////////////////////////

the National Association of Football

and Tax Authority.

ted by this Department.

•

Negotiation

of

collective

Coaches, among others;

////////////////////////////////////////////////

////////////////////////////////////////////////

statutory bodies, other departments

Regulation changes and Official Statement No. 1 (OS1)

Legal Supervision and Legislative Amendments

and Associates;

Between

this

During the 2016-17 Season this Depart-

• Response to all types of notifications

Department, in close collaboration with

ment ensured the constant adaptation of

and requests from courts, enforcement

the other departments, prepared amend-

legislation to professional competitions by

agents, Judicial Police (JP), Public

ment proposals to the Liga’s Regulations on

systematically analyzing the legislation in

Security Police (PSP), National Republi-

Discipline, Refereeing and Competitions.

force and in preparation.

can Guard (NRG), Tax Authority, Social

Working Groups were created with the

It also carried out the necessary follow-

Security and other public entities;

ultimate goal of producing regulatory

-ups to ensure that the Liga tailored its

• Overseeing new and pending judicial

changes reflecting the concrete needs

regulations and processes to the best

cases;

of the competitions and Sports Societies.

practices of its counterparts.

• Overseeing new judicial cases in

For this, all Sports Societies were invited to

As

which the Liga is a party;

participate in periodic meetings, to discuss

Department, has maintained close links

• Follow-up of protocols between the

the four major themes already listed in this

throughout the season with its partners,

Liga and its various partners;

document, namely the large-scale projects

namely

implemented by the Liga. The final Working

Players Union (PFPU), National Association

• Judicial and legal consultation and support, throughout the Season, to

•

Managing

cooperation

between

April

and

May

2017,

planned,

with

the

the

Liga,

through

Professional

this

Football

| ACTIVITIES AND ACCOUNTS REPORT | 2016-17 SEASON | 61

• Registration periods - from July to

Players’ Wages

the form of workshops, to clarify doubts,

August 2016; and in January 2017;

This department also made sure the salaries

receive feedback and involve the various

department was responsible for all

• Exceptions (unemployed) - from

of players and coaches were complied with

parties responsible for the use of this tool.

procedures associated to the enrolment

September 2016 to December 31, 2017;

by Sports Societies during the statutory pe-

The sessions were held on the following days,

and registration of contracts of the various

• Exceptions (injured or junior goalkee-

riods - January, April and May / June (PNF).

with the following attendance of Sports

sports authorities of the professional football

pers, among others) - from September

All situations were closely monitored by this

Societies:

sector in Portugal.

to December 2016; and from February

Department and resolved promptly with

• June 29, 2016, attended by 26 Sports

to June 2017.

the Sports Societies.

Societies;

///////////////////////////////////////////////

• December 15, 2016, attended by 23

REGISTRATION OF CONTRACTS This

This task involved checking the maximum

Contract and players Registration This

department

receives,

limits of players to be registered in each

Sports Societies;

team, under the terms of the regulations,

• June 6, 2016, attended by 24 Sports

and finding solutions for Sports Societies, analyzes

and registers players’ contracts or their

Societies.

whenever necessary.

////////////////////////////////////////////////

////////////////////////////////////////////////

This platform resulted from ongoing and

revocations, assignments, revocation of

joint work between the Legal Depart-

assignments and amendments. In terms

ment and the Department of Technology.

of enrolments, last season we signed up

Last season work continued on the app,

around 1,500 players.

which, from July 1, 2017, and in a mandatory

The main phases relating to the registration

format, dematerialized the entire transfer

of contracts and enrolling players are clo-

area of professional ​​ football.

sely monitored by this Department, and are

In addition, a number of training sessions

the following:

were organized for Sports Societies, in

GENERAL TIME-LINE OF ACTIVITIES EXECUTED Activity

July

August

September

October

November December

January

February

March

April

May

June

Objetive

LEGAL / REGISTRATION OF CONTRACTS Follow-up of Protocols, Contracts and Legal Situations FULFILLED Regulation changes and Official Statement No. 1 (OS1)

FULFILLED

Legal Supervision and Legislative Amendments FULFILLED Online Bets FULFILLED Contracts and Players Registration FULFILLED Salary compliance to Players - verification

FULFILLED

TRANSFER FULFILLED

62 | ACTIVITIES AND ACCOUNTS REPORT | 2016-17 SEASON |

MARKETING DEPARTMENT

During the 2016-17 Season this Department was organized into three main areas: Commercial, Marketing and Communication, contributing to different objectives, but working in an integrated manner.

Generally, the main focus of these three areas was the Monitoring of Sports Societies, through periodic visits to the Sports Societies, especially on match day. This policy’s overriding goal is to strengthen relationships with the Marketing and Communication departments of each Club. It was a successful endeavor in 2016-17, and the ongoing concerns of this Department are what currently establish their daily objectives.

≠

COMMERCIAL AREA

Management of Sponsors and Partners

This area was responsible for the ongoing

The main activities developed in 2016-17

management of the sponsors and partners,

Season were as follows:

including operational and strategic plan-

•

ning, sponsor follow-up, brand activities,

SAMSUNG, which took place during

The

renegotiation

process

with

return-value analysis of sponsorship, and

September and October 2016, guaran-

contract execution.

teeing its continuity as a technological

This area was also responsible for the deve-

sponsor of Liga Portugal;

lopment, creation and negotiation of new

• Presentation of the Solinca partner-

attributes, products and services, to try and

ship, which took place at the beginning

increase the Liga’s income-generating pro-

of the season in July 2016, with a series

perties.

of engagements during the 2016-17 season, in conjunction with this brand; • Improvement of existing agreements; a contract was negotiated with Holmes Place for the 2017-18 season, and the agreement with Under Blue was reworked, which led to its continuation for

New Business Partners

another Season;

A search was launched for new partners (sponsors and official partners), and companies in Liga

• The rights of the Taça CTT 2016-18,

Portugal’s economic / key sectors were identified.

as planned, were marketed to RTP.

In doing this, the following key sectors were selected, using the criteria that show the greatest

Negotiations

economic vigor:

took

place

between

August and September 2016. During the competition’s Final Four, this partnership generated 36 hours of open-air broadcasting, not only of the three matches, but also of the related sports and leisu-

FINANCIAL SPORTS

MEDIA

DRINKS

TRANSPORTATION AND TRANSPORTERS

TOURISM

CLOTHING

re activities that took place throughout the entire week. ////////////////////////////////////////////////

SPORTS GOODS

FOOD CHAIN

UTILITIES

TELECOMMUNICATIONS

TECHNOLOGY

VEHICLES

Several meetings were held to present commercial proposals in line with this strategy, and as per the Activity Plan presented and approved for the 2016-17 season.

| ACTIVITIES AND ACCOUNTS REPORT | 2016-17 SEASON | 65

≠

Kick-Off 2016-17 MARKETING & EVENTS

The opening ceremony of the 2016-17

This area was responsible for marketing

July 15, 2016, with the unveiling of the

operations,

competition’s

events

and

Season’s

engagements,

competitions new

took ball,

place

on

referees’

among others, implemented in the 2016-17

equipment, delivery of official Liga Portugal

season, guaranteeing the delivery of the

profits for the 2015-16 season and the dra-

Liga’s own marketing actions or as defined

ws of the three professional competitions

with sponsors and partners.

for 2016-17. The host cities of the Taça CTT’s

This

area

also

carried

out,

in

an

integrated way, the brand management,

Final Four 2016-17 were also announced, these being Faro and Loulé.

digital marketing, marketing materials, the choosing and production of merchandising

and gifts, signage and billboards and the internal marketing of Liga Portugal, as well as helping with remaining related operational issues.

66 | ACTIVITIES AND ACCOUNTS REPORT | 2016-17 SEASON |

Preparations for the Kick-Off opening ce-

Rebranding of the Liga’s official documents

remony for the 2017-18 season took place

The rebranding of all of Liga Portugal’s offi-

between April and June 2017, with the main

cial documents (Game Cards, Team Cards,

event being held on July 7, 2017, marking

and Stadium Credentials) was carried out

the start of the 2017-18 season. More details

to reinforce the goal of modernizing the en-

on this in the 2017-18 Activity Plan.

tire institutional image.

We looked into separating the “Competi-

////////////////////////////////////////////////

Preparing Kick-Off 2017-18

tion Draws” from the “Awards Gala”, and handing out the awards at the end of the season. However, the profits’ assessment

Launching of the Liga’s Social Responsibility project

system coupled with the teams’ holidays

Liga Portugal Training Actions As planned, the Marketing Department supported various training courses that took place

have made this rather complicated.

During the 2016-17 Season, in December,

throughout the year, coordinated by the other departments.

So, new forms of benchmarking were analy-

the Liga’s social responsibility project was

The activities of this Department took place on two levels, one regarding the teaching of topics

zed during the Season, as well as alternative

launched with two distinct areas of activity:

directly related to the areas of marketing and communication; and the other, helping with

options for these two events. The purpose of

• The promotion of national campaig-

decoration, marketing materials, organization, among others.

Liga Portugal is for Sports Societies to back

ns, such as involvement in the European

We want to highlight the participation in the training of referees, in July 2016, the Officials trai-

the importance of the prizes, both com-

Professional Football League’s (EPFL)

ning, Pitch, Security and Press Directors, PRIO championship clubs, among others.

mercially and competitively, by supporting

- Be Active campaign in October; mar-

Additionally, as planned in July 2016, referees received Lacatoni sportswear as well as the offi-

them in their elevation and positioning.

king World RIM Day on 9 March; and In-

cial Liga Portugal kit, provided by Under Blue.

////////////////////////////////////////////////

ternational Good Deeds Day, on April 2,

////////////////////////////////////////////////////////////////////////////////////////////////////////

Rebranding of the Liga’s headquarters

among others; • The implementation of its own actions in the Final Four, with a collection of

The Liga’s headquarters building was used

funds in the ‘Game of Legends’; a fan

as a tool throughout the 2016-17 Season

race, and auctions of sweaters and of-

promoting, as planned, and in an institu-

ficial balls signed by the final teams. The

tional manner, the organization’s latest

funds raised were distributed among so-

endeavors: “Football with Talent”, and the

cial welfare institutions in the host cities,

various marketing campaigns to promote

Faro and Loulé, namely: Refúgio Aboim

the competitions.

Ascensão and the Fundação António Aleixo.

Validation of the Sports Societies’ Marketing Actions

This weekly validation was carried out in close cooperation with the Competitions Department, to ensure the marketing actions rolled out by the Sports Societies are in accordance with the rules of competition. ////////////////////////////////////////////////

Launch of the Liga NOS Virtual The 2016-17 Season served to consolidate this entertainment product, which was entirely geared towards Liga NOS fans. ////////////////////////////////////////////////

| ACTIVITIES AND ACCOUNTS REPORT | 2016-17 SEASON | 67

Player and Goal of the Month Awards

nal Four matches of the Taça CTT. For the

As planned, during the season the mecha-

implemented was studied and its operation

nics for the delivery of the Liga NOS and

for the 2017-18 Season defined as strategic

LEDMAN LigaPro Monthly Prizes and the

in the LEDMAN LigaPro.

Liga NOS Goal of the Month awards were

////////////////////////////////////////////////

remaining competitions, the model to be

implemented.

Winners’ Prize-Giving Ceremonies

////////////////////////////////////////////////

Competition Anthems and Theme Tunes

Prize-giving ceremonies were held as planned.

New theme tunes for both competitions

In the case of Liga NOS, the awards were

for TV were developed and implemen-

handed out on May 13, following the con-

ted in July 2016, as planned, as a way of

cept implemented over the last two sea-

promoting their image and improving the

sons, with greater grandeur in the show.

televised product.

With regards to LEDMAN LigaPro, the tro-

////////////////////////////////////////////////

Centralization of video game rights

phy was delivered on May 21, with a rein-

of LEDMAN LigaPro statistics;

Ticket cashback program

• Promote the sale of official statistics to

The foundations have been developed

planned, it aiming to bolster the ceremony,

forced investment in the concept, and, as

bookmakers;

so that, in partnership with a retail com-

reinforcing the process of overhauling the

the

• To study how to ensure the exclusive

pany, it is possible to implement a ticketing

event’s image.

Marketing and Communication Working

gathering / commercialization of official

cashback program for competition mat-

The Taça CTT ceremony was incorporated

Group 2015-16, during the 2016-17 Season the

data by non-licensed entities.

ches, as a way of boosting attendance at

into the organization of the Final Four 2017

matches. During a first phase, this project

and the crowning of the Winter Champion

will be implemented in the Taça CTT’s Final

took place on January 29.

Four, in the 2017-18 Season, and the deve-

Due to the fact that SL Benfica won their

Following

the

deliberations

of

model of revenue-sharing was discussed and defined, as well as the possibility of Liga

///////////////////////////////////////////////

Portugal centralizing the negotiation of

Virtual visits of stadiums

video game rights.

It was planned, in collaboration with SAM-

lopment of a program for LEDMAN LigaPro

third consecutive title in 2015-16, a cere-

////////////////////////////////////////////////

SUNG, for virtual images of the stadiums of

is being analyzed.

mony for the further delivery of a trophy, as

all teams participating in the profession-

////////////////////////////////////////////////

provided for in the previous competition re-

Sale of Official Statistics

al competitions to be gathered so they

Liga Portugal is currently involved in a joint

could be made available through the Li-

Blue Ticket Partnership

project with other European Leagues to

ga’s digital platforms. However, during a

Within the strategic vector of the moder-

boost the value associated with official sta-

survey phase of the project, and despite

nization of professional competitions, Liga

tistics from professional competitions.

the will expressed by the various Sports So-

Portugal committed to contributing to-

During the 2016-17 Season, efforts were

cieties within the framework of the Working

wards the dematerialization of ticket sales

made to achieve the following objectives:

Groups, it was not possible to implement this

and access to stadiums, as well as diver-

project.

sifying points of sale. For this a partnership

////////////////////////////////////////////////

was developed with Blue Ticket for the Fi-

• Draw up a contract for the gathering

68 | ACTIVITIES AND ACCOUNTS REPORT | 2016-17 SEASON |

gulations, was held on March 6. ////////////////////////////////////////////////

≠

European Professional Football Leagues General Assembly (EPFL) As already mentioned above under big projects, the European Professional Football Leagues General Assembly was held between May 29 and 31, due to scheduling issues with the European Professional Football Leagues (EPFL).

The event was divided into three key agendas: • Presentation of results of Liga Portugal’s Working Groups; • Workshop on the Internationalization of Liga Brands, attended by International League Speakers; • Staging of the General Meeting of European Professional Football Leagues (EPFL). All of Liga Portugal’s departments were involved in this event, and its implementation was coordinated successfully by this Department. ////////////////////////////////////////////////////////////////////////////////////////////////////////

GENERAL TIME-LINE OF ACTIVITIES EXECUTED Activity

July

August

September

October

November December

January

February

March

April

May

June

Objetive

COMMERCIAL / MARKETING Renegotiation with SAMSUNG FULFILLED Presentation Solinca Partnership FULFILLED Sale of TV Rights to Taça CTT (open channel) FULFILLED New Business Partners FULFILLED Kick-Off 2016-17 FULFILLED Preparation of Kick-Off 2017-18 FULFILLED European Professional Football Leagues Event (EPFL) FULFILLED Liga Portugal Training Actions FULFILLED Rebranding of Liga Official Documents

FULFILLED

Validation of Club Marketing Actions FULFILLED Launching of Liga NOS Virtual 2016-17 FULFILLED Player and Goal of the Month Awards FULFILLED Rebranding Liga Building FULFILLED Launch of Liga’s Social Responsibility Project FULFILLED Competition Anthems and Theme Tunes FULFILLED Sale of Official Statistics

FULFILLED

Virtual Stadium Visits FULFILLED Blue Ticket Partnership FULFILLED Ticketing CashBack Program FULFILLED Winners’ Prize-Giving Ceremonies FULFILLED

| ACTIVITIES AND ACCOUNTS REPORT | 2016-17 SEASON | 69

≠

sented in the Activity Plan for 2017-18, and

COMMUNICATIONS AREA

in specifically entailed the following changes on the Liga’s website:

This area, during the 2016-17 Season, was responsible for Liga Portugal’s promotional

• Introduction of new graphics that are

and communications component, develo-

more appealing to users, geared to-

ping the daily management of permanent

wards the target audience: fans;

communication with stakeholders, media

• Provision of videos of the games of

management and the timely promotion of

professional competitions, and the ne-

Liga news.

gotiations undertaken during the 201617 season were crucial to obtaining this content; • Development of less institutional and more competitive content, for Sports Societies and fans; • Maximizing the utilization of Liga Por-

Monitoring of competition Naming

tugal’s production of Official Statistics of professional football competitions in

As planned, a strategy of greater proximity

Portugal;

to the sponsors and the media was deve-

• Bringing the website closer to social

loped to control and promote the use of

platforms of both the Liga and fans;

the official designation and image of the

• Make more content available, fun

competitions of Liga Portugal and all Sports

and appealing.

Societies.

A strategy for the systematization of exter-

The potential for introducing an eCommer-

nal and internal information was also de-

ce platform on the Liga’s website is being

veloped for the economic and financial

analyzed, with the sale of merchandising

monitoring of properties on the Liga’s com-

from Sports Societies and competitions.

mercial footing and the brands related to

Additionally, it also aims to support Sport

them. For this the Liga applied a range of

Societies in the promotion and marketing

indicators, such as AVE (Advertising Value

of tickets, and the implementation of this

Equivalency), frequency of news, adverti-

Restructuring of the Liga’s official website

sing vehicles and mediums, stadium atten-

As planned, a rebranding of Liga Portugal’s official website was developed, a platform that is

Season.

dance and average ticket prices, among

the core of the organization’s digital ecosystem. This rebranding was part of a broader strategy

////////////////////////////////////////////////

others, which have proven fundamental in

for the development of digital platforms throughout the organization and the specific compe-

the management of the organization’s rela-

titions.

tionship with the market.

EThe goal was to provide more content on competitions, namely regarding rankings, calen-

////////////////////////////////////////////////

dars, match cards and official Liga statistics, among others.

This process, which took place during the 2016-17 Season, gave rise to the general strategy pre-

70 | ACTIVITIES AND ACCOUNTS REPORT | 2016-17 SEASON |

project is under analysis during the 2017-18

≠

Production and distribution of competition vests

Press Conferences

During the 2016-17 Season, and following the strategy of greater proximity to the end

As planned, the production and organi-

throughout the 2016-17 Season, including

consumer, the fans, an Official Liga Face-

zation of all logistics for distributing official

during the Final Four of the 2017 Winter Ga-

book Page and Youtube Channel were

vests to be used in professional competi-

mes, the Football Week Conference, and

launched. Although not contained within

tions by the various authorities involved was

for the e-Liga interconnection system with

the Activities Plan, LinkedIn and Issu accou-

carried out.

smartwatches and tablets.

nts were also developed, with different mo-

This task peaks in the month of June, which

Press conferences were also held for the re-

tivations for communication.

precedes a sporting season, but requires

newal of the NOS contract, for the Primeira

Liga Portugal ended the season with the

continuous monitoring during the season to

Liga, General Assemblies, etc.

management of six social media channels:

guarantee the correct use of the vests.

////////////////////////////////////////////////

Instagram, Twitter, Facebook, Twitter, Issu

////////////////////////////////////////////////

Liga Portugal’s Social Networks

and LinkedIn.

A number of press conferences were held

Milestones Project

The management and success of commu-

Themed breakfasts

nication through these networks is directly

This new concept of communication with

tions were implemented in order to compu-

linked to the existence or lack of soccer

the various media, both generalists and

terize all of Liga Portugal’s historical game

content. Thus, during the 2016-17 Season,

specialists in sport, is designed to explore

information. This project allowed us to use

the team was focused on defining and

themes, values ​​ and practices associated

the information to honor relevant milesto-

implementing a strategy that would allow

with football that could be of value to the

nes reached by players or referees in the

the organization to have greater levels of

media. Although not a large event, the op-

2017-18 season, such as 200, 300 games,

access to content, such as videos, games,

tion, given the specificities of the 2016-17

100 goals, 150 matches, among others.

players, among others.

Season, was to have small breakfasts with

////////////////////////////////////////////////

During the 2016-17 Season, a series of ac-

more specific themes. ///////////////////////////////////////////////////////////////////////////////////////////////////////

////////////////////////////////////////////////

GENERAL TIME-LINE OF ACTIVITIES EXECUTED Activity

July

August

September

October

November December

January

February

March

April

May

June

Objetive

COMMUNICATION Restructuring of Liga’s official website

FULFILLED

Liga’s Social Networks FULFILLED Monitoring Competition Naming FULFILLED Production and Distribution of Competition Vests FULFILLED Themed Breakfasts FULFILLED Press conferences FULFILLED Milestones Project FULFILLED

| ACTIVITIES AND ACCOUNTS REPORT | 2016-17 SEASON | 71

TECHNOLOGY DEPARTMENT

This department was responsible for the integrated management of Liga Portugal’s technological infrastructure and supporting the organization’s competitions.

Intraliga Project

During the 2016-17 period, an implemen-

Intraliga is the backbone of Portugal’s digi-

tation plan was developed for this project

tal ecosystem, functioning as the repository

and it was determined that access to con-

of all information on the organization’s com-

tent would be crucial at an early stage,

petitions. It requires permanent monitoring

justifying an investment in such a digital

and sustained Development. To this end,

platform. With the negotiation of the offi-

during the 2016-17 Season, and following

cial statistics for LEDMAN LigaPro and the

the Board’s views on the introduction of te-

availability of video content of competition

chnological tools, investment in the deve-

games, it was then defined, within the fra-

lopment and maintenance of this platform

mework of the Activity Plan for 2017-18, that

was reinforced. This investment allowed, as

this platform of communication with fans

planned, the modification of the technolo-

would be implemented.

gy that supports this application, which will

///////////////////////////////////////////////

be done in phases and aims to adapt it to the needs of the entire ecosystem.

Tickets Request

////////////////////////////////////////////////

During the 2016-17 Season a ticket requisition platform was developed, which allows

e-Liga Project and Smartwatches

pioneering project worldwide to provide

Extraliga Project

referees with a SAMSUNG watch that re-

Extraliga comprises the TRANSFER registra-

ves for tickets to manage with greater rigor

The e-Liga project, which was conceived in

cords real-time game events. Teams are

tion platform, which is an integral part of the

and transparency.

the 2015-16 sports season, was, as planned,

validated before-hand by the main referee

e-Liga and has been developed to cover

This platform will be extended to sponsors

implemented in full in the 2016-17 Season,

on his tablet, enabling the download of the

all procedures with the various sports autho-

so that the tickets assigned per contract

dematerializing the competitions of all offi-

events directly from this Smartwatch, filling

rities with which the Liga interacts.

and those actually used by them can be

cial documentation. During 2016-17, there

the game report in real time, which optimi-

During the 2016-17 season, TRANSFER wor-

verified more rigorously, ideally moving to a

was an effective consolidation of the pro-

zes the effectiveness and speed of the enti-

ked in parallel with the traditional method

situation of ticket requisition and not giving

ject, focusing on training and monitoring

re process on the field.

of registering documents, became manda-

out vouchers.

of the automated processes in the e-Liga

During the 2016-17 Season, smartwatches

tory for all Sports Societies at the end of the

///////////////////////////////////////////////

system.

and tablets were tested in the integration

season, and with real effects for the 2017-

The e-Liga was implemented with a 100%

of the e-Liga’s interface, with regular tests

18.

success rate throughout the 2016-17 Sea-

during six months in all three competitions.

In conjunction with the Legal Department,

son, resulting from 117 constantly evolving

These projects will require the Department

training workshops were held to encourage

versions that were tested and launched. A

of Technology to undertake weekly follow-

and facilitate the use of this platform.

total of 814 games were staged without pa-

-ups, constant maintenance and training of

////////////////////////////////////////////////

perwork (a total de-materialization of the

the various sports authorities and other sta-

Liga’s three competitions) with an average

keholders.

Liga Portugal APP

of 340 users per day.

////////////////////////////////////////////////

The possible development of a Liga Portu-

the numerous requests that the Liga recei-

Other new features to complement the

gal APP was planned to boost the Liga’s

e-Liga have been created, including a

presence and its relationship with fans.

| ACTIVITIES AND ACCOUNTS REPORT | 2016-17 SEASON | 73

Official Liga Website

line-up of the teams, provided by Sports

Plan, this project will soon be fully operatio-

end of the 2015-16 season, comprising Liga

As part of the digital restructuring process

Societies and validated online by the

nal.

Portugal, the Portuguese Federation of Foo-

started in the 2015-16 season, a new Liga

refereeing team;

////////////////////////////////////////////////

tball (PFF), FC Porto, Sporting CP and SL

Portugal website was launched in August

• Team History;

2016, with a new image and new functions,

• Official information on participants

aimed at football fans.

from Intra-league data;

Official LEDMAN LigaPro Statistics

This Department has been responsible for

• Live data from Liga NOS games, offi-

Between May and June, the project for the

practices of computer security at logical,

the development and implementation of

cial statistics via Intraliga updates;

gathering of official LEDMAN LigaPro statis-

infrastructural and organic levels, to encou-

the digital ecosystem, both in its hardware

• Direct official Line-up of the refereeing

tics was implemented. During that time we

rage its application in our domains.

and software components, which supports

team;

worked hard to make this project viable,

The work carried out during 2016-17 allowed

Liga Portigal’s various platforms including

• Through the e-Liga platform, the refe-

both in terms of financial and technical re-

the Liga to implement the Digital Security

the website.

reeing team enters the official match li-

sources, for the 2017-18 Season.

ISO 27001 project, described in greater de-

During the 2016-17 Season the needs of

ne-up which is instantly available on the

The gathering of LEDMAN LigaPro statistics

tail in the Activity Plan for 2017-18.

Liga Portugal as well as of the Sports Socie-

game page.

aims to increase the content available for

////////////////////////////////////////////////

ties, fans, Media, and others who use this platform as a daily source of information

///////////////////////////////////////////////

Benfica.

The end objective of this initiative was to create a set of recommendations of good

its promotion, through the website and the Liga’s social media channels.

Consolidation of Internal Infrastructure

and adapted to. Following an ambitious

Officials Nomination Support System (ONSS)

development and implementation plan,

Triggered by the Department of Competi-

the new website now has even more infor-

tions, the Technology Department analyzed

Consolidation of Digital Security

mation for fans, namely:

and defined the technological require-

To provide Liga Portugal’s Associates with

tinuous updating of resources and tools for

ments that would allow the development

the assurance they need in terms of infor-

the organic structure, and the restructuring

• Pre-match information, which inclu-

of a platform to support the appointment of

mation, a Working and Debate Group was

of the communications infrastructure and

des exclusive insights such as the official

Officials. As presented in the 2017-18 Activity

created for this purpose shortly before the

network.

and contact, were constantly monitored

////////////////////////////////////////////////

As planned, during the 2016-17 Season, Liga Portugal’s internal infrastructure was bolstered through the adaptation and con-

New management apps were introduced

CRONOGRAMA MACRO DE ATIVIDADES EXECUTADAS Activity

July

August

September

October

November December

January

February

March

April

May

June

Objetive

TECHNOLOGY e-Liga Project and Smartwatches FULFILLED Intraliga Project FULFILLED Extraliga Project FULFILLED Liga Portugal APP FULFILLED FULFILLED Liga Portugal Official Website Officials Nomination Support System (ONSS)

FULFILLED

Tickets Request FULFILLED Official Statistics for LEDMAN LigaPro

FULFILLED

Digital Security Consolidation FULFILLED Consolidation of Internal Infrastructure FULFILLED Goal Line Technology (GLT) FULFILLED

74 | ACTIVITIES AND ACCOUNTS REPORT | 2016-17 SEASON |

and updated, as was the introduction of the PHC in the purchasing area.

This Department was also responsible for the architecture of the system, software management, computer hardware and telecommunications. ////////////////////////////////////////////////

Goal Line Technology (GLT) Following on the path we started in a recent past with the introduction of various technologies, we continued to endorse Goal Line Technology as a catalyst for truth in sports.

As such, Liga Portugal successfully implemented Goal Line Technology in the Taça CTT’s Final Four competition. ////////////////////////////////////////////////

GAP DEPARTMENT

PRESIDENCY SUPPORT OFFICE

The GAP department - Presidency Support Office, provides direct support to the Liga’s President, the Executive Board and to the Governing Bodies of Liga Portugal. It is the GAP’s responsibility to organize, coordinate and execute all the activities inherent to the Presidency’s advisory, secretariat and protocols, as well as to advise the interconnection between the various stakeholders of the Liga and public and private entities.

Secretariat and Protocol Monitoring

Events

The Presidency Support Office ensured, as

to the various events that arise within the

planned, the management of protocols at

Liga, including the organization of birthday

the various events in which the Liga Presi-

parties, Liga Board meetings, ceremonies,

dent was involved, namely responding to

General Assemblies, Kick-off competitions,

invitations, booking trips, drawing up spee-

Taça CTT’s Final Four, and Liga Annual Con-

ches, and preparing documents for mee-

ferences, among others.

tings, among others

The GAP’s intervention, as planned, in-

It also carried out the administrative servi-

cluded the sending of invitations and the

ces of receiving and providing secretarial

presentation of the event, follow-up on the

support to the President, Executive Board

presence of guests, preparation and do-

and other Governing Bodies.

cument management, preparation of the

////////////////////////////////////////////////

event space, seating, catering, and prepa-

Visits to International Leagues

The GAP also oversaw all matters relating

ration of gifts, among others. ////////////////////////////////////////////////

Several work trips were made to other European and World Leagues, as well as videoconferences, to gather information on success models and good practices from other institutions that could contribute to the improvement of the functioning of Liga Portugal and our competitions.

Of particular note are the meetings with the EPFL Board and participation in several strategic workshops, such as the participation of Liga Portugal as a guest speaker at the CONMEBOL Professional Football Conference in Paraguay, by invitation of FIFA, for a club-licensing seminar, with a view to exchanging experiences and talking about realities in Portugal. ////////////////////////////////////////////////

| ACTIVITIES AND ACCOUNTS REPORT | 2016-17 SEASON | 77

President and Executive Board Appearances

Updating Data Base / Contacts

Building Maintenance

Throughout the season the GAP was respon-

Given the longevity of Liga Portugal’s head-

Reactivation of the Lisbon Office

Throughout the season, the GAP depart-

sible for managing the contact databases

quarters in Oporto, it was necessary to in-

Rolling out the policy of proximity that the

ment managed appearances by the Presi-

of Suppliers, Sports Societies, Partners, Press,

vest in its maintenance and to make small

Liga wants to strengthen with its associated

dent and members of the Executive Board

and Liga Officials in the Portuguese Football

renovations with a view to adapting the

Sports Societies, the Lisbon office has been

at meetings, competition matches, and

Federation’s General Assembly. During the

buildings to the needs of its workers and to

reactivated, as planned, to provide various

other events.

2016-17 Season it became apparent that a

the areas of operation of the organism.

administrative services and general support

During the 2016-17 Season, a total of 324

more automated and responsive database

////////////////////////////////////////////////

to Sports Societies.

appearances were made by the President,

management system needed to be imple-

Executive Board members and Heads of

mented. In conjunction with the Marketing

Departments. This policy of fostering the

Department, the requirements for this were

presence of Liga Portugal employees at the

studied, which resulted in the project for

activities of the Sports Societies and various

the Liga Portugal CRM system, explored in

Liga stakeholders is directly related to the

greater detail in the 2017-18 Activity Plan.

strategic objective of increasing proximity

////////////////////////////////////////////////

////////////////////////////////////////////////

and cooperation between them. ////////////////////////////////////////////////

GENERAL TIME-LINE OF ACTIVITIES EXECUTED Activity

July

August

September

October

November December

January

February

March

April

May

June

Objetive

GAP Secretariat and Protocol Monitoring FULFILLED Events FULFILLED Visits to International Leagues FULFILLED President and Executive Board Appearances FULFILLED Updating Database/ Contacts FULFILLED Building Maintenance FULFILLED Reactivation of Lisbon Office

78 | ACTIVITIES AND ACCOUNTS REPORT | 2016-17 SEASON |

FULFILLED

ACCOUNTS REPORT 2016-17

PROFESSIONALISM AND CREDIBILITY ON THE PATH TO SUSTAINABILITY Following on the 2015-16 season, which

Over the next pages the main financial

was marked by the financial recovery and

items prove that the consolidation process

sustainability of Liga Portugal, the 2016-17

is complete and that the development and

season was a period of consolidation, res-

maturity we aspire to achieve over the next

toring the credibility of the organization in

two Seasons is on track.

the context of professional football on a na-

ANALYSIS OF BALANCE ON JUNE 30, 2017 Liga Portugal’s Balance Sheet showed, on June 30, 2017, a Net Profit for the Period of € 1,295,373.

The table below shows the development and make-up of the Assets:

ASSETS

2016-17

Asset Make-up

Variation

Fixed Tangible Assets

The adversity that the institution suffered

Intangible Assets

was overcome with the help of our Asso-

Financial Holdings

ciates, Sports Societies, and our institutional

Other Financial Investments

and commercial partners. The period that

Total Non-Current Assets

1 535 955 19,65%

1 490 860 23,18%

849 0,01%

849 0,01%

491 904 6,29%

480 625 7,47%

11 279

849 0,01% 461 270 6,43%

671 178

100 000 1,39%

727 553

2 106 644 29,37%

Current Assets

21 068 0,27%

304 837 4,74%

875 580 11,20% 91 182 1,17%

Cash and Bank Deposits

1 297 168 16,59%

1 485 613 23,10%

defined Strategic Positioning: Football with

Total Current Assets

5 016 518 64,17%

Talent.

Total Assets

7 817 187 1 00,00%

Liga to robustly stride towards its ultimate

1 544 526 21,53%

100 784 1,57%

324 804 5,05%

than predicted, it is now possible for the

-

2 073 117 32,23%

1 377 314 21,41%

medy its deficits one whole season earlier

45 095

771 962 9,88%

157 908 2,02%

tion, which allowed the organization to re-

Bearing (%)

2 800 670 35,83%

2 573 612 32,92%

After the Liga’s finances were reorganiza-

2014-15 Value (€)

Non-Current Assets

tional level.

this Accounts Report covers reflects that.

2015-16

Value(€) Bearing (%) Value (€) Bearing (%) 16-17/15-16

Receivables State and Others Public Entities Associates Other Current Assets Deferrals

(166 896)

334 254 4,66%

1 196 298 (283 769)

999 183 13,93%

1 703 576 23,75%

860 967 13,38%

14 613

646 027 9,01%

5 961 0,09%

85 221 (188 445)

370 688 5,17%

1 012 837 14,12%

4 359 496 67,77%

657 022

5 066 565 70,63%

6 432 613 1 00,00%

1 384 574

7 173 210 1 00,00%

Portuguese professional football has the

2 574

the core values ​​of the organization: Rigor, Talent, Professionalism and Consolidation.

Fixed Tangible Assets

Intangible Assets

Financial Holdings

Other Financial Investments

1 297

1 486 876

861

371

646

91

305

325

158

Receivable Credits

2014-15

2015-16

State and Other Public. Entities

Membership

6

21

1

100 0

1

ahead, the teams’ activities are driven by

500 1

Conscious that there are big challenges

461

pean counterparts.

1 013

1 377 999

1 000

772

competitions on a par with those of its Euro-

1 500

334

gical projects that place the organization’s

1 704

2 000

with a view to being a pioneer in technolo-

101

work daily to build a foremost organization,

2 500

492

professional football and the Liga’s teams

481

Talent can be enhanced in all aspects of

3 000

1 536

tugal are renowned worldwide.

1 545

leaders of the competitions under Liga Por-

Development of Liga Portugal’s Assets (Amounts in thousands of euros, period 2014-15 to 2016-17)

1 491

in the world. The referees and professional

THOUSANDS

best players in the world. The best coaches

Other Current Assets

Deferrals

Cash and Bank Deposits

2016-17

| ACTIVITIES AND ACCOUNTS REPORT | 2016-17 SEASON | 83

In-depth analysis of the balance sheet, namely of the non-current assets, showed that fixed

ted VAT refunds (€1,861,668) for the months

Following this brief description and to clarify

assets increased slightly by 3% over the afore-mentioned period, mainly due to the purchase of

of January, March, April, May and June

the choice made by the Liga’s Board, it is

administrative equipment.

2017.

important to note that during the 2012-13

“Other Financial Investments” also increased due to a fixed deposit in CGD bank, in the form of

The Associates category has a balance of

and 2013-14 football seasons, the sum of

a bank guarantee, relating to a dispute.

€21,068. It includes existing club debts, not

€1,640,289 (free of impairment losses) on

Regarding Intangible Assets, there have been no changes in relation to the previous period.

yet payable, as of June 30, 2017, as well as

the Liga Cup in excess of the revenue was

Bearing of Liga Portugal’s Asset Items (Amounts in ​​ percentages, Seasons 2014-15 to 2016-17)

the debts of the clubs that were relegated

collected.

in the 2016-17 season into the respective

In order to cover this negative balance of

championships staged by the Federation. In

€1,640,289, associate clubs of the Liga de-

accordance with Article 8 (4) of the Liga’s

cided at the Annual General Assembly on

Statutes, ‘the positive balance of accounts

January 21, 2016, that future positive ope-

for professional competitions, resulting from

rating results for commercial exploitation

the difference in each season between, on

would be applied to the then existing ne-

the one hand, income from net commer-

gative balance.

cial exploitation of expenses incurred, and,

Thus, in compliance with the decision of

on the other hand, expenses incurred in the

Liga Associates, the positive balance of the

organization of such tests, shall be charged

commercial operations of the period 2015-

to the football clubs which participated in

16, amounting to €1,427,255, was offset to

them at that time, in accordance with the

the negative balance of €1,640,289, with

criteria to be deliberated at the Annual Ge-

the outstanding balance of €213,035 (free

neral Meeting, with a prevalence based on

of impairment losses) to be offset at a future

the criteria of sporting achievements, after

date.

35%

33%

30%

25% 22%

24%

23%

23%

21% 20%

20%

17% 15%

14%

6%

7%

6%

1% Tangible Assets

Intangible Assets

Financial Holdings

9% 5% 5%

5%

0%

11%

10%

10%

5%

5% 2%

2%

Other Financial Investments

14%

13%

0% 1%

0% Receivable Credits

2014-15

State and Other Public Entities

2015-16

Associates

Other Current Assets

Deferrals

Cash and Bank Deposits

2016-17

There was a slight increase of 2.3% in Finan-

pany Bwin violated their exclusive right

the following deductions:

cial Shareholdings, which reflects the appli-

in managing public gambling, and also

(a) a portion corresponding to 10% for the

cation of the Equity Equivalence Method of

a deposit in CGD bank, to the amount of

Financial Stability Fund provided for in Arti-

the SABSEG Desporto Seguro, Lda. and Via

€670,000 as collateral of a secured current

cle 70;

Castilho - Gestão Imobiliária, Unipessoal,

account.

(b) a portion corresponding to 10% of the

Lda subsidiaries; more specifically, acknow-

In terms of current assets, the balance re-

budget of the Liga for the financing of its

ledgement of the Liga of the financial re-

corded in outstanding credit account

general operating expenditure.

sults approved by SABSEG Sport Insurance,

amounted to €157,908, a drop of €166,896

Once the respective statutory deductions

Lda. for the year 2016.

on the previous period. This decrease is due

have been made, the positive balance

The balance of Other Financial Investments

to the fact that ticket revenue in the CTT

of operations for the 2016-17 stands at

increased by €671,178 compared to the

Cup for the 2015-16 Season took place in

€1,173,965.

previous period. This amount includes that

May. The balance this year mainly reflects

It should also be noted that Article 8 (5) of

relating to the bank guarantee provided as

sponsor credits as of June 30, namely those

the Statutes of the Liga stipulates that the

a result of the litigation instituted by Santa

of LEDMAN and SABSEG.

negative balance found in a sporting sea-

Casa da Misericórdia de Lisboa, which in-

The item “State and Other Public Entities”

son is deducted from the positive balances

fers that the Liga and online betting com-

essentially reflects the value of the reques-

of one or more subsequent sports seasons.

84 | ACTIVITIES AND ACCOUNTS REPORT | 2016-17 SEASON |

The

balance was recorded to the amount of

€1,196,837, which enabled it to reach a

€1,173,965, and compensation was paid for

total of positive Asset Funds, which had not

Non-Current Liabilities

the remaining amount.

been in place since the 2012-13 Season.

Provisions

1 345 470 20,32%

1 201 229 16,45%

In relation to these funds for the 2012-13 and

It should be pointed out that the incorpora-

Associates

1 289 266 19,47%

1 977 169 27,08%

(687 903)

tion of the Net Profit for the Positive Period

Financing Obtained

250 000 3,78%

490 000 6,71%

(240 000)

inequities relating to the Sports Societies’

of €1,295,373, as well as the coverage of

Deferred Taxes

Trofense, SDUQ, Naval, SAD and Beira-Mar,

the negative results of previous years’ com-

SAD, totaling €174,842, for the recovery of

mercial activity amounted to €786,088, in

these amounts was difficult. Since it was

accordance with n Article 8 (5) of the Sta-

possible to fully offset these amounts, im-

tutes of the Liga. This statutory rule provides

pairment losses were reversed at the pre-

that the negative balance determined in a

sent time, so the total remaining balance,

sporting season is deducted from the posi-

totaling €387,877, was offset by the positive

tive balances, if any, of one or more sub-

Deferrals

13 499 0,20%

10 095 0,14%

3 404

1 720 000 18,17%

trade balance.

sequent sports seasons. Thus, the positive

Total Current Liabilities

3 735 614 56,43%

3 633 876 49,76%

101 738

5 667 100 59,86%

Other Current Assets, compared to the

value now determined, resulting from the

Total Liabilities

6 620 350 1 00,00%

7 302 274 1 00,00%

(681 924)

9 467 701 1 00,00%

previous period, rose slightly by 1.7% to

operation of the commercial activity, was,

€875,580. In this category, there was a sig-

under statutory terms, applied to cover ac-

nificant increase in the increase in revenue,

cumulated losses in previous periods.

either from sponsorship fees due to Adidas

According to the table below, Liabilities

invoices for previous seasons that had not

total €6,620,350, consisting of Non-Current

yet been settled, as well as to the increase

Liabilities and Current Liabilities, which, in

related to Liga-related revenue related to

relation to total liabilities, bear a weight of

Placard bets and online betting for the se-

43.6% and 56.4% respectively.

Passive Make-up

-

equivalents in current assets amounted to €1,297,168, representing a decrease of approximately 12.7% over the previous year. The total amount of cash and bank deposits also includes deposits under guarantee amounting to €770,000 and which are recorded under Non-Current Assets.

86 | ACTIVITIES AND ACCOUNTS REPORT | 2016-17 SEASON |

Variation

2014-15

-

Value (€)

144 241

Bearing (%)

1 225 164 12,94% 1 885 437 19,91% 690 000 7,29%

0,00%

-

-

3 668 398 50,24%

(783 662)

3 800 601 40,14%

0,00%

Current Liabilities Suppliers

537 356 8,12%

387 803 5,31%

149 553

1 034 843 10,93%

State and Other Public Entities

191 924 2,90%

153 362 2,10%

38 562

215 472 2,28%

Associates

865 828 13,08%

972 250 13,31%

(106 422)

Financing Obtained

240 119 3,63%

244 823 3,35%

(4 703)

160 000 1,69%

1 886 888 28,50%

1 865 543 25,55%

21 345

1 703 775 18,00%

Other Current

833 010 8,80%

Evolution of Liga Portugal’s Liabilities items (Amounts in thousands of euros, Seasons 2014-15 to 2016-17)

0

Provisions

1 887

1 720

1 866

1 704

Associates

Financing Obtained

972

Deferred Taxes

Suppliers

2014-15

2015-16

State and Other Public Entities.

2016-17

Associates

Financing Obtained

Other Current Liabilities

Deferrals

13

245

240

160

192

153

10

0

0

0

215

250

500

388

490

537

690

1 000

866

833

1 035

1 500

1 289

2 000

1 977

2 500

ferring to the 2017-18 season.

At the balance sheet date cash and cash

0,00%

2 884 735 43,57%

de, essentially, expenses to be approved with insurance and software licensing, re-

2015-16

Value(€) Bearing (%) Value (€) Bearing (%) 16-17/15-16

Total Non-Current Liabilities

Deferrals show an increase of €85,221, with the final balance being €91,182. They inclu-

2016-17

1 885

to

1 345

amounted

1 225

Fund

1 201

cond quarter of 2017.

Asset

THOUSANDS

2013-14 Liga Cup, the Liga has established

Fixed

PASSIVE

In the same season, a positive operating

1 866

1 977

30%

1 887

Evolution of Liga Portugal’s Liabilities (Amounts in percentages, Seasons 2014-15 to 2016-17)

Provisions

Associates

Financing Obtained

972

866

833

537

240

245

Deferred Taxes

Suppliers

2014-15

State and Other Public Entities.

2015-16

Associates

Financing Obtained

Other Current Liabilities

13

10

160

192

153

0

0

215

250 0

5%

0%

388

480

690

10%

1 720

1 704

1 289

1 035

15%

1 225

1 201

20%

1 885

1 345

25%

Deferrals

2016-17

Non-current Liabilities have a balance of

lower than the previous period). This balan-

€2,884,735, representing a negative varia-

ce reflects the amounts not paid to the PFF,

tion of 21.4%. This decrease is mainly ex-

stemming from the registration / transfer

plained by the drop in what is owed to the

fees of players and to the protocol signed

Portuguese Football Federation (PFF) and

with the PFF, which are included in the cur-

payments made with the financing obtai-

rent benefits plan.

ned from Caixa Geral de Depósitos (cur-

The deferrals’ balance relates to the Elec-

rent account liquidated in installments until

tronic Arts, INC sponsorship, for the 2017-18

July 2018). With regards to Provisions, these

period billed in the period ended June 30,

were revalued by the Liga, with a balance

2016 and specialization related to the pro-

increase of €144,241.

fessional internship program.

Supplier debts stand at 537,356 €, having increased 38.6% over the previous period. This variation reflects, above all, the investment in innovation that the Liga has made in this sporting season. The balance essentially reflects suppliers Microsoft, Bitmaker and Wisdom Tele Vision.

The Associates’ account in Current Liabilities stands at a balance of €865,828 (10.9%

ANALYSIS OF OPERATING ACCOUNTS ON JUNE 30, 2017 Income

and Services Rendered, and a negative va-

The evolution of the main income items can be analyzed in the following table and graph:

riation of €730,130 in Other Income, mainly due to a decrease in the amount related to sponsorships of kits and balls.

REVENUES

2016-17 2015-16 Variation

16-17/15-16 Sales and services

5 339 988

Operating subsidies

4 543 538

5 512

Reversals of Debts Receivable

-

175 337

39 718

Other Income

9 398 985

10 129 116

Total Income

14 919 822

14 712 371

The main income item continues to be

2014-15

796 450

3 909 013

5 512

-

135 619

56 134

(730 130)

7 217 477

207 451

11 182 623

(Amounts in euros - thousands)

sponsorships for the funding of sports competitions, representing around 56.8% of total income.

The Liga’s sponsors, namely: NOS Comunications, S.A.R.L., SABSEG Sports Insurance, Lda., Guerin Rent a Car, Samsung Portuguese Electronics, SA, Electronic Arts, INC, Ledman Optoelectronic Co, Lta, RTP, Cosmos and Olivedesportos, among others sponsors / partners, contributed €8,479,243

10 000

in this period to finance the competitions 9 399

10 129

12 000

3 909

tive variation of €135,619 on the previous period, relating to the reversal of the debts

5 340

6 000

4 544

8 000

from the recalculation of the Liga Cup profits mentioned above.

4 000

Sales and Services Rendered, totaling €5,339,988 in this period, represent 35.8% of

Sales and services

Operating subsidies

2014-15

2015-16

the Liga’s total Liga. Despite the stability of

175

40

56

6

0

0

2 000

0

organized by the Liga.

Reversals of Receivable Debt had a posi-

7 217

THOUSANDS

Evolution of Liga Portugal’s Revenues (Amounts in thousands of euros, Seasons 2014-15 to 2016-17)

Reversals of Receivable Debts

Other Income

2016-17

most of the items that comprise Sales and Services Rendered, in the period under review there was an increase in fines resulting from disciplinary regulation (€1,329,488), as

The Liga’s revenues in the period ended

(including, in addition to amounts owed by

well as an increase in income from TV Quo-

June 30, 2017 reflect a slight increase to

sponsors / partners, Interest Obtained, Inco-

tas (€883,850).

€14,919,822 (€14,712,371 in 2015-16), amou-

me and Gains on Subsidiaries and Alloca-

Also considered in this account was the

nting to €5,339,988 in Sales and Services

tion of Investment Grants).

amount allocated to the Liga for the

Rendered, €175,337 in Reversals of Recei-

Compared to the previous period, there

profits from Placard and Online Games

vable Debts, €5,512 from Operating Sub-

was an increase in total income of €207,451,

(€928,003), thus contributing to the increase

sidies and €9,398,985 from Other Income

with a positive variation of €796,450 in Sales

of these revenues.

| ACTIVITIES AND ACCOUNTS REPORT | 2016-17 SEASON | 89

EXPENSES

there was no billing by the sponsor NIKE.

vers, information, imagery and design con-

The Liga’s Expenditure reached, in the period of 2016-17, €13,623,812, representing a slight

Finally, the Taça CTT values ​​are still inclu-

sultancy services, clipping analysis services

increase over the previous period of 2.6%.

ded in the subcontracts, namely the profits

and monitoring of the returns of competi-

Because of this we will look, and according to the table and chart that follows, to analyze the

awarded to participating Associates and

tions and sponsors, marketing services asso-

main items and behavior of the expenses:

television rights (€1,522,212).

ciated with the application of sponsorship

The services carried out in the scope of

contracts, presentation of the competitions

sponsorship registered a value of €350.022,

/ events, and other commercial expenses

considering in this account, above all, com-

which the Liga incurred during the course of

mercial rights inherent in the LEDMAN spon-

its activity in the period under analysis.

Travel and Accommodation, which falls un-

EXPENSES

2016-17 2015-16 Variation

16-17/15-16 Supply and External Services

9 465 528

9 472 754

Personnel expenses

1 917 083

1 614 141

302 943

1 169 026

81 894

68 116

13 778

111 688

sorship.

Depreciation and Amortization Expenses

9 635 242

405 903

47 815

485 935

Within Specialized Services, the Fees item

der Travel, Accommodation and Transport,

1 742 614

2 035 684

(293 070)

420 809

decreased by 3%, and essentially includes

registered a reduction of €61,295 (€447,097

10 790

34 003

(23 213)

86 096

paying referees in Liga competitions, re-

against €508,392 the previous year), and

gistering a total balance of €3,444,737. This

corresponds to the reduction of expenses

decrease was mainly due to the drop in the

with transport and use of own cars, since

number of games related to LEDMAN Liga-

there was a reduction to the LEDMAN Liga-

Pro compared to 2015-16.

Pro’s competitive framework, as well as the

The Vigilance and Security section incorpo-

implementation of a comprehensive set of

rates, in addition to the services provided at

measures in all areas allowing a readjust-

the Liga’s premises, costs taken on by the

ment of these expenses.

Liga with ARD vigilantes in LEDMAN LigaPro

Rents and Rentals, which falls under ‘mis-

matches for the 2016-17 Season. This item

cellaneous services’, amounted to €634,982

further includes the amounts relating ​​ to vi-

(€53,138 more than the previous period),

gilance and security in the organization of

the main cause of this being the rental of

the Taça CTT’s Final Four, thus making a to-

vehicles for transporting the refereeing

tal amount of €211,911.

teams to and from the various professional

The Specialized Tasks item, with a total

competitions.

Provisions / Imparities Other Expenses

(7 225)

2014-15

Expenses and Losses of Financing

358 088

Total Expense (Amounts in euros - thousands)

13 623 812

13 272 512

351 300

11 908 796

9 473

10 000

9 466

12 000 9 635

THOUSANDS

Evolution of Liga Portugal’s Expenses (Amounts in thousands of euros, times 2014-15 to 2016-17)

8 000

6 000

0

Supply and External Services

Personnel expenses

2014-15

2015-16

Other Expenses

11

34

86

421

406

486

Provisions / Imparities

1 743

2 036 Depreciation and Amortization Expenses

48

82

68

1 917

112

2 000

1 614

1 169

4 000

Expenses and Losses of Financing

2016-17

amount of €1,204,712, increased by 45% on the previous season. This increase is due to Liga Portugal’s strong commitment in promoting and advertizing the Taça CTT. It also

expenses on protocol also with the PFF

includes the cost of anti-doping tests car-

With regards to Supplies and External Servi-

(€400,000).

ried out by the ADOP (Anti-Doping Autho-

ces, detailed in Note 17.6, and in particular

They further include expenses with other en-

rity of Portugal), software application de-

in Subcontracts, these comprise the expen-

tities, such as PFPU and NAFC. The value of

velopment services within the Liga’s various

ses with the PFF, in relation to registrations

the official balls delivered to the Sports So-

departments (intraliga, Liga Virtual, Liga’s

and transfers of this period (€137,354) and

cieties is not included in this balance since

website), maintenance of computer ser-

90 | ACTIVITIES AND ACCOUNTS REPORT | 2016-17 SEASON |

Personnel

from

well as to the monetary backing granted to

€1,614,141 to €1,917,083. This increase was

Expenses

increased

LEDMAN LigaPro clubs, namely the amou-

due to the continuous investment that has

nt compensated to professional teams

been made in specialized areas, through

with “B” teams in the LEDMAN LigaPro

the recruitment of specialists, to expand the

(€250,000).

Liga’s skill set, thus contributing towards the fulfillment of the strategic objectives outlined by the Board in its ongoing search for greater abilities and skills to improve the services provided to Associates, and to meet the needs of the sponsors and partners. It should be noted that the Liga has invested in young trainees who have had the opportunity to become better qualified and prove their worth, allowing a regeneration of the organization.

Thus, on June 30, 2017, the number of Liga employees stood at 44, while on June 30, 2016 the number of Liga employees was 36.

Staff wages, including the governing bodies, registered a balance of €1,540,331, while the Charges on Wages amounted to €360,973 in this period. The remaining amount is essentially related to Insurance.

Depreciation for the period was calculated according to the corresponding estimated serviceable live-span of each asset, which does not differ significantly from the maximum rates set out in the general table of Regulatory Decree No. 25/2009, dated September 14, value of €81,894.

Analyzing the item Other Expenses, we noticed a drop on the previous period of €293,070. This item corresponds essentially to the calculation of the value of the commercial exploitation of the competitions in the period under analysis (€1,173,965), as

Results As foreseen in the Business Plan put forward by this Board at the beginning of the four year pe-

Evolution of Liga Portugal’s Membership and Commercial Earnings (Amounts in thousands of euros; times 2012-13 to 2016-17)

riod, the first year was wholly dedicated to the Liga’s economic and financial sustainability, with THOUSANDS

the 2016-17 season, which is now over, proving to be a period of consolidation and financial stability, showing marked improvements when compared to its recent past.

Thus, with an increase in income of 1.4% and an increase in spending of 2.6%, the result obtai-

2012-13 2012-2013

2013-14 2013-2014

1 174

340

220

-500

-1 500

favorable development of results over the last years.

-1 408

-1 448

-2 000 -2 500 -3 000

-2 873

-3 500

Evolution of Liga Portugal’s Overall Earnings * (Amounts in thousands of euros; times 2012-13 to 2016-17) THOUSANDS

1 296

-1 000

achieved a positive balance to the total amount of 2,469,975 euros, thus presenting a very

MEMBERSHIP EARNINGS

2013-2014

2014-2015

2015-2016

2013-14

2014-15

2015-16 2 867

2016-2017

4 000

2012-13

2016-17 2016-2017

0

According to the structure of the analytical centers, the Liga, during the 2016-17 sports season,

3 000

1 427

682

1 000 500

2015-16 2015-2016 1 440

1 500

ned was balanced and, again, quite positive.

2012-2013

2014-15 2014-2015

2 000

COMMERCIAL EARNINGS

(*) Earnings before taxes

2016-17 2 470

2 000

The following graph shows the very positive performance of Earnings before Taxes that was achieved in comparison to the previous seasons:

1 000

-1 000

-726 -1 228

-2 000

-3 000

-2 532

THOUSANDS

Evolution of Liga Portugal’s Earnings before Taxes (Amounts in thousands of euros; times 2012-13 to 2016-17)

0

2012-2013

2013-2014

2014-2015

2012-13

2013-14

2014-15

2015-2016

2016-2017

2 000 1 500

2015-16 1 440

2016-17 1 296

1 000 500 0

(*) Earnings before Taxes

-500

-1 500

Despite a slight decrease in results, both in Membership Activity and in Commercial Activity, positive results were observed in both.

Analyzing the following chart, we can see how each activity evolved in recent years.

-726

-1 000 -1 228

-2 000 -2 500

-2 532

-3 000

Accordingly, the Liga’s net income, consisting only of the positive balance relating to revenues and Membership fees, provided for in articles 63, 64 and 69 of the Liga’s Statutes, deducted from the estimated Income Tax period to the amount of € 636, is €1,295,373.

92 | ACTIVITIES AND ACCOUNTS REPORT | 2016-17 SEASON |

ANALYSIS OF ANALYTICAL CENTERS

As can be seen from the previous map and in the charts below, optimization of the expenses

Liga Portugal, in its bid for constant innovation and control, has been refining its financial de-

LigaPro matches, which dropped from 552 to 462 games (90 fewer games). Lastly, this reduc-

partment by upgrading its computerized tools, to allow greater control and accuracy of its

tion is also due to the result of a strict set of rules and procedures that the Liga has implemented

accounts, namely in the imputation and description of its Expenses and income, both in the

within refereeing.

on refereeing was due to a reduction, in the period under analysis, in the number of LEDMAN

organization of the competitions, to its own structure, governing bodies, and to other bodies and standards. These tools allow a greater efficiency in indentifying expenses and income in terms of their origins.

Evolution of the heading Referees, Assistant Referees and 4th Referees (Amounts in thousands of euros, times 2015-16 and 2016-17

Bearing of Liga Portugal’s Refereeing Items (Amounts in ​​ percentages, 2016-17 season)

Analysis of Expenditure and Revenue by sector is extremely relevant for benchmarking specific expenses and income. With this in mind, it is noted that the competitions specifically amount to

Observers 10%

€6,858,101 and absorb 55.6% of the Liga’s total Expenses. They are subdivided into 15.5%, 22.1%

Refereeing Board 1%

Training 2%

THOUSANDS

and 18% by the Liga NOS, LEDMAN LigaPro and Taça CTT respectively.

Spending on Refereeing is also relevant, due to its financial impact on all activities developed by the Liga, and despite a marked reduction compared to recent times. This takes up about 31.3% of the Liga’s total expenditure, which includes, as shown in the table below, fees paid to

3 650

3 626

3 600 3 550

referees and observers, travel and accommodation, expenses with members of the Refereeing

3 500

Council, as well as the training of these sports authorities.

3 450 3 400

3 369

3 350

Rubrica Referees, Assistants and 4th Referees Observers

2016-17

2015-16

2014-15

Value (€) Bearing (%) Value (€) Bearing (%) Value (€) 3 368 742 87,20%

3 625 552 85,47%

4 347 773 85,37%

377 389 9,77%

377 069 8,89%

380 848 7,48%

90 574 2,14%

118 826 2,33%

Technical Support Bureau

-

0,00%

Analysis Committee

-

0,00%

-

0,00%

Office of Studies and Training

-

0,00%

-

0,00%

Refereeing Committee

-

0,00%

-

0,00%

-

0,00%

4 215 0,08% -

0,00%

Refereeing Board

51 684 1,34%

60 912 1,44%

57 819 1,14%

Training

65 496 1,70%

87 791 2,07%

183 262 3,60%

Studies and Projects Total Expenses on Refereeing

3 863 311

0,00% 100%

4 241 899

0,00% 100%

- 5 092 742

0,00% 100%

3 300

Referees, Assistants and 4th Referees 87%

Bearing (%)

3 250 3 200

Evolution of Liga Portugal’s Refereeing Items (Amounts in thousands of euros, times 2015-16 and 2016-17) THOUSANDS

REFEREEING

400

377

2015-16

2016-17

377

350 300 250 200 150 91

100

61

50 0

0

Observers

Technical Support Bureau

0

65

0

Office of Studies and Training 2015-16

88 52

Refereeing Board

Training

2016-17

| ACTIVITIES AND ACCOUNTS REPORT | 2016-17 SEASON | 95

The expenses on the Liga’s Structure, which includes Expenditure on Officials and all Manage-

For the purposes of the analysis by analytical centers, the Income obtained under the Program

ment / Departments in operation, represents a total bearing on overall expenses of 36.4%

Agreement signed with the Association of City Halls of Faro and Loulé, within the framework of

The Governing Bodies, which, as defined by the Articles of Incorporation, and according to

the organization of the CTT Cup 2016-17 Final Four, amounting to €107,000, was considered as

the period under review, comprise the General Assembly, the Board, the President, the Fiscal

a deduction from the expenses incurred with the organization of the event, as stipulated in said

Council and the Jurisdictional Council, which represent 2.7% of the Expenditure.

contract. For the purposes of comparability, the section governing bodies relating to the period

Regarding Revenue, while the Income Statement might not correlate directly to Expenses, its

2015-2016 was restated in accordance with the changes that occurred within the structure of

functional distribution can be divided into Membership Activity and Commercial Activity.

the governing bodies, where we disregarded the Disciplinary Committee and the Refereeing

It should be noted that at the time of analysis and in the scope of the calculation of the results

Committee, effecting such expenses to Liga’s Structure.

by the analytical center, the imputation rates were maintained, with the introduction of some

A significant part of the income earned by the Liga in the period 2016-17 was made available

duly-deliberated changes relating to TV Quotas and the PFF Protocol.

to the Sports Societies through:

Membership Activity includes quotas of Sports Societies, identification cards, fines and penalties, registration and transfer fees for players, coaches and other sports authorities, all of which represent 32.4% of the Liga’s Total income.

For the financing of the competitions - Commercial Activity - sponsorships are the main source of income: NOS Comunications S.A.R.L., Ledman Opteeletronic Co, Lta, Electronic Arts, Inc., Samsung Portuguese Electronics, SA, all sponsoring Liga NOS and LEDMAN LigaPro; RTP and Olivedesportos in sponsorship of the Taça CTT; SABSEG Sport Insurance, Lda., which sponsors

TYPE OF SUPPORT

2015-16

2014-15

5 031

538 790

568 565

256 098

73 700

-

39 710

38 454

-

488 733

432 133

507 763

ARD Surveillance (LEDMAN LigaPro Matches)

115 411

155 618

165 011

Total Distributed

904 982 1 238 695 1 241 339

Official Balls Co-sponsored travel to the Islands / Sponsor Advertising (LEDMAN LigaPro) Admission (participation bonus in LEDMAN LigaPro) Taça CTT (Promotion + Ticket Revenue of the Taça CTT Final)

2016-17

refereeing, and Guerin Rent a Car, plus the financing of the Liga’s structure itself, in addition to

(Amounts in euros - thousands)

the income obtained from the Provision of Services to the Member Sports Societies.

A drop of €333,712 between the last two seasons is essentially explained by the fact that, in the

Let’s look, in summary, the table of expenses and income:

present season, the Official Balls used in the competitions were not billed by the sponsor NIKE. In addition to the support described above, Taça CTT participation bonuses and TV broadcasting rights were also directly paid out to the Sports Societies, to the amount of €1,522,212, as well as compensation paid by professional teams who have “B” teams in the aforementioned championship (€250,000). Indirectly, the Liga also footed the cost of anti-doping tests carried out by the ADAP (Anti-Doping Authority of Portugal), to a total of €108,175. In short, support for Sports

EXPENSES

2016-17 2015-16 Variation

16-17/15-16

2014-15

Variation %

Governing Bodies

1 088 768

1 010 248

78 520

Liga Structure

3 746 239

2 233 786

1 512 453

Specific Expenditure with Competitions

2 785 370

2 868 859

(83 489)

2 130 182

-2,91%

Refereeing

3 863 311

4 241 899

(378 588)

5 092 742

-8,92%

859 160

1 433 613

(574 453)

1 481 510 -40,07%

56 853

(56 853)

55 658 -100,00%

Other Organizations and Entities Common Expenses Total Expenses

12 342 847

11 845 258

737 895

7,77%

2 410 807 67,71%

497 589

11 908 796

4,20%

(Valores em milhares de euro)

The Liga’s financial contributions to the Agencies / Entities with which it has protocols / responsibilities were €859,160, representing 7% of the Liga’s total Expenditure in the 2016-17 season:

COMPARISON BY ENTITY Portuguese Football Federation (Protocol + Enrolments / Transfers) National Association of Football Coaches

REVENUE

2016-17 2015-16 Variation

16-17/15-16 Associates

Societies reached, in 2016-17, the total amount of €2,785,370.

2014-15

Variation %

Portuguese Football Referee Association Professional Football Players Union

4 796 255

4 643 847

152 408

4 016 137

3,28%

Business activity

10 016 567

10 068 524

(51 957)

7 166 486

-0,52%

(EPFL)/World Leagues Forum (WLF)

Total Income

14 812 822

14 712 371

100 451

11 182 623

0,68%

Total Reimbursements Entities

(Amounts in euros - thousands)

96 | ACTIVITIES AND ACCOUNTS REPORT | 2016-17 SEASON |

Fans’ Ombudsman

(Amounts in euros - thousands)

2016-17

2015-16

2014-15

537 354 1 222 138 1 222 160 14 400 -

14 400

241 356 66 050 904 982

-

14 400

33 600

196 761

181 659

315

29 691

56 853 1 238 695

55 658 1 241 339

859 160 1 490 466 1 537 168

GRAPHIC ANALYSIS OF COMPETITIONS (1) The three professional competitions organized by the Liga totaled 814 games, divided into Liga NOS (306 games), LEDMAN LigaPro (462 games) and Taça CTT (46 games). Thus, by competition, the following operating results were obtained: Development by Season (Amounts in euro)

Liga NOS (Amounts in euro)

20 000 000 €

LEDMAN LigaPro (Amounts in euro)

15 000 000 €

Taça CTT (Amounts in euro) 4 000 000 €

4 000 000 €

15 000 000 € 10 000 000 €

2 000 000 €

2 000 000 €

5 000 000 €

0€

0€

10 000 000 €

5 000 000 €

0€

-2 000 000 €

0€

-5 000 000 €

-2 000 000 €

-4 000 000 €

-4 000 000 €

-5 000 000 € -10 000 000 € -6 000 000 €

-15 000 000 €

2016-17 Income Expenses Balance

-6 000 000 €

-10 000 000 €

2015-16

14 812 822

14 712 371

-12 342 847

-11 845 258

2 469 975

2 867 113

2016-17 Income

2015-16

2016-17

9 098 290

9 319 314

Expenses

-5 282 526

-5 535 069

Income Expenses

Balance

3 815 764

3 784 244

Balance

2015-16

2016-17 Income

2015-16

2 934 637

2 641 779

2 779 895

2 751 278

-3 812 083

-3 826 270

Expenses

-3 248 238

-2 483 919

-877 446

-1 184 490

Balance

-468 343

267 359

(1) Results before tax and imputation according to article 8 of Liga Portugal’s Statutes

| ACTIVITIES AND ACCOUNTS REPORT | 2016-17 SEASON | 99

FUTURE PERSPECTIVES The 2016-17 Season was characterized by the stability and consolidation of revenues and by increases in operating efficiency.

Associates were granted around €2,785,370, both from profits resulting from the Taça CTT, and for the provision of goods and services for the activity of Sports Societies and support for competitions.

It reversed the trend of negative results obtained in the 2012-13, 2013-14 and 2014-15 seasons.

The 2015-16 and 2016-17 Seasons generated positive results, allowing the process of reorganization of the Liga’s negative net financial situation to begin.

In this perspective of financial stabilization, the budget for the 2017-18 Season provides for total revenues of €15.3 million and expenses of €13.2 million, which means a positive operating result of €2.1 million, constituting a budget for development and a strong commitment to the continuous improvement of the Liga’s financial and economic situation.

This new financial liquidity has resulted in a more dynamic and more ambitious Liga, allowing the teams and their technical skills to be strengthened, as well as defining a set of innovative projects to be implemented in the coming Seasons.

Thus, this Board based on the guiding principles of rigor, professionalism, talent and consolidation, proposes: • To continue studying measures that allows the reformulation of the current competitive model of the competitions, and to invigorate them; • Execute the new managerial model of the organization, seeking, therefore, that Sports Societies have a better understanding of the Liga’s reality and are involved in all its decisions; • Increase commercial dynamics with stronger links to sponsors and analysis of the economic and media impact of competitions. Continue to discuss the importance for Liga Portugal of commercial exploitation platforms and common properties, both in terms of visibility and experience; • Increase operational efficiency through the automation of management procedures and budget control; • Introduce technologies in the innovative competitions that contribute to a more efficient organization, greater levels of communication, and more truth in the ‘Beautiful Game’; With this new economic and financial reality, Sports Societies and professional football can count on a more dynamic Liga that will become established, by its own right, as the promoter of professional football, in a national context and across borders.

100 | ACTIVITIES AND ACCOUNTS REPORT | 2016-17 SEASON |

PROPOSED APPLICATION OF EARNINGS

After being scrutinized by the analytical centers, and taking into account revenue from and charges of Associates, as set out in Articles 63, 64 and 69 of the Liga’s Statutes, in the period ending June 30, 2017, the net earnings were of €1,295,373.33.

Therefore, it was proposed that the Liga’s Board, as defined by the Statutes and attentive to the fact that the Liga is a non-profit private association, should apply the earnings as follows: • €1,234,735.71 to the Liga’s Financial Equilibrium Fund, pursuant to article 70, paragraph 3 of the Portuguese Professional Football League’s Statutes; and • Retained Earnings to the amount of € 60,637.62.

Porto, September 8, 2017 Board of the Portuguese Professional Football League - Mandate 2015-19

Additional Explanatory Note: The balance registered in commercial business operation was €1,173,965, net of statutory deductions. Pursuant to Article 8 (4) of the Liga’s Statutes, this amount shall be charged to Sports Societies and, in accordance with paragraph 5 of the same article, if there is a negative balance, this balance shall be deducted from the positive balances of the following sports seasons.

It is important to note that in the 2012-13 and 2013-14 seasons, the amounts distributed in the Liga Cup exceeded the revenue collected, to the total amount of €1,640,289 (net of impairments).

In order to cover this negative balance of €1,640,289 the Liga’s associated Sports Societies, in a General Assembly held on January 21, 2016, resolved that future positive operating results referring to commercial exploitation would be applied to the-then existing negative balance.

Thus, in compliance with the decision of the Liga’s Associates, the positive balance of the commercial operation of the 2015-16 Season, amounting to €1,427,255, was affected to the negative balance of €1,640,289, still to be compensated in future seasons to the amount of €213,035 (net of impairments).

Under the same terms, during this sporting season, a positive balance of commercial exploitation was recorded to the amount of €1,173,965, for which compensation was made of the remaining value.

With regards to these funds for the 2012-13 and 2013-14 Liga Cups, the Liga had constituted impairments relating to the Sports Societies’ Trofense, SDUQ, Naval, SAD and Beira-Mar, SAD, for a total amount of €174,842, the recovery of these amounts was difficult. Since it was possible to fully offset these amounts, impairments were reversed in the present period, so the total remaining balance, totaling €387,877, was offset against the positive balance of the commercial operation.

The remaining amount, €786,088, was allocated to cover the negative results of commercial activity from previous periods, in accordance with Article 8 (5) of the Liga’s Statutes. This statutory provision provides that the negative balance determined in a season is deducted from the positive balances, if any, of one or more subsequent seasons. As a result, the positive value now obtained, as a result of operating the commercial activity, was, under the statutory terms, an effect on the coverage of losses accumulated in previous periods, under the item Retained Earnings.

| ACTIVITIES AND ACCOUNTS REPORT | 2016-17 SEASON | 103

FINANCIAL STATEMENTS ON JUNE 30, 2017

BALANCE SHEET ON JUNE 30, 2017 AND 2016 BALANCE Rubricas

NOTES*

30.06.2017

30.06.2016

ACTIVE NON-CURRENT ASSETS Tangible Assets

7

1 535 955,46

Intangible assets

6

848,60

848,60

10

491 903,90

480 624,72

Financial investments - financial holdings

1 490 860,03

Financial investments - other investments 10

771 961,71

100 783,81

2 800 669,67

2 073 117,16

CURRENT ASSETS Receivable Credits

16

157 908,37

324 803,95

State and other public entities

17

2 573 611,85

1 377 313,77

Associates Other current assets Deferrals

5,16

21 067,73

304 837,21

16,17

875 579,99

860 966,90

17

91 181,95

5 961,05

4

1 297 167,66

1 485 613,00

5 016 517,55

4 359 495,88

TOTAL ASSETS

7 817 187,22

6 432 613,04

Cash and bank deposits

SHAREHOLDERS ‘EQUITY AND LIABILITIES EQUITY FUNDS Funds

16

853 886,00

853 886,00

Reserves

18

2 682 990,68

1 427 780,13

DACP

(4 534 784,46)

(5 505 457,03)

13

899 371,45

914 335,39

(98 536,33)

(2 309 455,51)

Net income for the period

1 295 373,33

1 439 794,78

TOTAL EQUITY FUNDS

1 196 837,00

(869 660,73)

Transited results Adjustments / Other changes to the Equity Fund

PASSIVE Non-Current Liabilities Provisions

12

1 345 469,77

1 201 228,91

5,16

1 289 265,70

1 977 168,96

16

250 000,00

490 000,00

2 884 735,47

3 668 397,87

Associates Financing obtained

Current liabilities Providers

16

537 355,90

387 803,15

State and other public entities

17

191 923,62

153 361,89

5,16

865 828,40

972 250,12

16

240 119,45

244 822,62

Suppliers Financing obtained Deferrals

17

13 499,03

10 095,16

16,17

1 886 888,35

1 865 542,96

3 735 614,75

3 633 875,90

TOTAL LIABILITIES

6 620 350,22

7 302 273,77

TOTAL FUNDS AND SHAREHOLDERS ‘EQUITY (Valores em milhares de euro)

7 817 187,22

6 432 613,04

Other Current Liabilities

* The accompanying notes form an integral part of the Balance Sheet for the period ended June 30, 2017 and 2016.

106 | ACTIVITIES AND ACCOUNTS REPORT | 2016-17 SEASON |

STATEMENT OF INCOME BY NATURE FOR THE PERIOD ENDED JUNE 30, 2017 AND 2016

STATEMENT OF CASH FLOWS OF THE PERIOD ENDED JUNE 30, 2017 AND 2016 STATEMENT OF CASH FLOWS

INCOME STATEMENT INCOME AND EXPENSES

NOTES*

30.06.2017

30.06.2016

NOTES*

30.06.2017

30.06.2016

OPERATIONAL ACTIVITIES Sales and services

11,17

5 339 988,05

4 543 537,74

Customer Receipts

13 000 345,27

12 324 847,92

Grants, donations and bequests

5 511,67

-

Payments to suppliers

(9 307 587,89)

(9 655 591,25)

Imputed gains / losses from associated subsidies and joint ventures

10

11 279,18

16 637,53

Payments to staff

(1 846 753,21)

(1 529 233,51)

Supplies and external services

17

(9 465 528,44)

(9 472 753,81)

1 846 004,17

1 140 023,16

Staff costs

17

(1 917 083,43)

(1 614 140,92)

Payment / receipt of income tax

2 599,51

(8 175,67)

9

174 845,45

(32 032,82)

Other receipts / payments

(972 966,36)

(480 980,50)

875 637,32

650 866,99

Impairment of receivables (losses / reversals) Provisions (increases / decreases) Other income Other expenses

12

(144 240,86)

23 935,43

Flows from operating activities (1)

11,17

9 126 535,68

10 112 477,99

INVESTMENT ACTIVITIES

17

(1 742 613,75)

(2 035 684,00)

PAYMENTS CONCERNING:

Income before depreciation, financing expenses and taxes

1 388 693,55

1 541 977,14

(81 893,91)

(68 115,70)

Financial investments

(671 961,71)

(783,81)

Tangible Assets

(143 050,12)

(28 294,91)

Expenses / reversals of depreciation and amortization

7

Impairment of depreciable / amortizable investments (losses / reversals)

-

-

Operating income (before financing expenses and taxes)

1 306 799,64

1 473 861,44

RECEIVABLES FROM:

Tangible Assets

10 800,00

-

Interest and similar income

1 832,15

297,00

Cash flows from investment activities (2)

(802 379,68)

(28 781,72)

FINANCING ACTIVITIES

Interest and similar income obtained

16

2 087,71

-

Similar interest and expenses incurred

16

(10 789,95)

(34 002,65)

RECEIVABLES FROM:

Financing obtained

-

-

Earnings before tax

1 296 009,69

1 439 858,79

Tax over the period’s income

15

(636,36)

(64,01)

Net income for the period (Amounts in euros - thousands)

1 295 373,33

PAYMENTS CONCERNING:

Financing obtained

(244 703,17)

(115 177,38)

Interest and similar expenses

(16 999,81)

(34 131,95)

1 439 794,78

Flows from financing activities (3)

(261 702,98)

Variations in cash and cash equivalents (4) = (1) + (2) + (3)

(188 445,34)

Effect of exchange rate differences Cash and cash equivalents at the beginning of the period Cash and cash equivalents at end of period (Amounts in euros - thousands)

* The accompanying notes form an integral part of the Income Statement for the period ended June 30, 2017 and 2016.

-

(149 309,33) 472 775,94

-

4

1 485 613,00

1 012 837,06

4

1 297 167,66

1 485 613,00

* The accompanying notes form an integral part of the Statement of Cash Flows for the period ended June 30, 2017 and 2016.

| ACTIVITIES AND ACCOUNTS REPORT | 2016-17 SEASON | 107

STATEMENT OF CHANGES IN SHAREHOLDERS’ EQUITY FOR THE PERIOD ENDED JUNE 30, 2017 AND 2016 EQUITY FUNDS ASSIGNED TO ASSOCIATES

# 51

# 551

# 552

# 56

#57 e # 59

# 81

Note Funds Legal reserves Other reserves Retained Other changes

earnings equity funds

READING ON 06.30.2016

853 886,00

-

1 427 780,13

(5 505 457,03)

Net income for the period

914 335,39

Total

1 439 794,78

(869 660,73)

AMENDMENTS IN THE PERIOD Application of net income for 2015-16

1 255 210,55

184 584,23

(1 439 794,78)

-

Other changes recognized in the equity funds - subs invested.

(14 963,94)

(14 963,94)

Total changes in period

(14 963,94)

(14 963,94)

-

-

1 255 210,55

184 584,23

(1 439 794,78)

Net income for the period

1 295 373,33

1 295 373,33

Overall earnings

1 280 409,39

1 280 409,39

Operations with Associates Other operations - hedging business activity losses Total transactions with Associates

-

-

-

786 088,34

786 088,34

786 088,34

-

-

786 088,34

Reading on 06.30.2017 (Amounts in euros - thousands)

853 886,00

-

2 682 990,68

(4 534 784,46)

899 371,45

1 295 373,33

1 196 837,00

EQUITY FUNDS ASSIGNED TO ASSOCIATES

# 51

# 551

# 552

# 56

Note Funds Legal reserves Outras reservas Other

reserves

Reading on 06.30.2015

853 886,00

-

# 59

# 81

Retained earnings Other changes in equity funds

Net income for the period

745 646,57

(4 090 094,09)

929 299,33

682 133,56

(1 415 362,94)

Total

(733 229,38)

(2 294 491,57)

AMENDMENTS IN THE PERIOD Application of net income for 2014-15

733 229,38

-

Other changes recognized in the equity funds - subs invested.

(14 963,94)

(14 963,94)

Total changes in period

(14 963,94)

(14 963,94)

-

-

682 133,56

(1 415 362,94)

733 229,38

Net income for the period

1 439 794,78

1 439 794,78

Overall earnings

1 424 830,84

1 424 830,84

Operations with Associates

-

Other operations Total transactions with Associates

-

-

-

-

-

-

-

Position 30.06.2016 (Amounts in euros - thousands)

853 886,00

* The accompanying notes form an integral part of the Statement of Changes in Equity Funds for the period ended 30 June 2017 and 2016.

108 | ACTIVITIES AND ACCOUNTS REPORT | 2016-17 SEASON |

-

1 427 780,13

(5 505 457,03)

914 335,39

1 439 794,78

(869 660,73)

NOTES TO THE FINANCIAL STATEMENTS ON JUNE 30, 2017 The Portuguese Professional Football League (which operates under the brand name Liga

2- ACCOUNTING REFERENCES IN PREPARATION OF THE FINANCIAL STATEMENTS

Portugal) is a private-law association of national scope, established in 1978, whose

2.1. LEGISLATION

headquarters are on Rua da Constituição, 2555, 4250-173 Porto.

These financial statements were prepared under the assumption of continuity of operations,

The main purpose of Liga Portugal is to exercise the powers and competences legally

based on the accounting records of the Company and in accordance with the standards of

conferred on the Portuguese Football Federation (PFF) with reference to professional football

the Accounting Standardization System, regulated by the following statutory instruments:

1- IDENTIFICATION OF THE ENTITY

competitions; the promotion and defense of the common interests of its Associates and the

• Decree-Law No. 158/2009, of July 13 (Accounting Standardization System), amended by

management of matters inherent to the organization and practice of professional football

Decree-Law No. 98/2015, of July 2;

and its competitions; organization and regulation of professional competitions held within the

• Ordinance No. 218/2015, of July 23 (Code of Accounts);

framework of the FPF; negotiation, management and supervision in the interest and on behalf

• Ordinance No. 220/2015, of July 24 (Models of Financial Statements);

of its Associates of the commercial exploitation of professional competitions.

• Notice No. 8254/2015, of July 29 (Conceptual Framework);

The following notes refer to the numbering defined in the Accounting Standardization Regime

• Notice No. 8259/2015, of July 29 (Accounting and Financial Reporting Standards for

for Non-Profit Entities (SNC-ESNL), including only disclosures of the Financial Reporting Standards

non-profit entities); and

applicable to the Portuguese Professional Football League.

• Notice No. 8258/2015, of July 29 (Explanatory Guidelines).

The Management understands that these financial statements reflect in a true and appropriate manner the operations of the Portuguese Professional Football League, as well as its financial

2.2. COMPARABILITY

position, performance and cash flows.

The amounts for the period ended December 31, 2016, included in the Financial Statements

All the amounts presented in this Annex are in EUR (€).

for comparative purposes are presented in accordance with the model resulting from the changes introduced by the legal provisions referred to in the previous paragraph. It should only be noted that, following the amendments introduced by Decree no. 220/2015 of 24 July, in the financial statement models, the denominations of the following items were changed: “customers” to “receivables”, “other accounts receivable “to” other current assets “,” other accounts payable “to” other current liabilities “,” other expenses and losses “to” other expenses “and” other income and gains “to” other income “.

As defined in the SNC-ESNL, the caption “Investment properties” is shown in the caption “Tangible Assets”, as can be seen in Note 7.

2.3. DEROGATIONS FROM THE PROVISIONS OF THE ACCOUNTING STANDARDIZATION SYSTEM There were no exceptions to any provision of the Accounting Standardization System rules during the period to which these financial statements relate.

| ACTIVITIES AND ACCOUNTS REPORT | 2016-17 SEASON | 109

3- MAIN ACCOUNTING POLICIES

minus any impairment losses. These assets depreciate from the moment they are in use.

3.1. BASIS OF MEASUREMENT USED IN THE PREPARATION OF FINANCIAL STATEMENTS

Gains or losses arising from the sale or write-off of these assets are determined as the difference

3.1.1. INTANGIBLE ASSETS

between the sale price and the net book value at the date of sale / write-off and are recorded

Intangible assets, which essentially comprise computer programs and the registration of

at the net amount in the income statement as “Other Income” or “Other Expenses”.

trademarks, are recorded at acquisition cost, minus any impairment losses and accumulated amortization. These assets are amortized as of the time the underlying assets are completed or

3.1.3 LEASES

in a state of use, on a straight-line basis over a period of 3 years.

The classification of leases as financial or operating is done according to the substance and not

Intangible assets are only recognized when it is probable that future economic benefits will

the type of contract. Leasing contracts in which the Liga is a lessee are classified as financial

accrue to the Liga, are controllable by the Liga, and that they can be measured reliably.

leases if substantially all the risks and rewards of ownership are transferred through them, and as

By deed of December 19, 1995, the Porto City Hall ceded to the Liga, free of charge in surface

operating leases if they are not transferred, substantially all the risks and advantages inherent

right, the portion of land located on Rua da Constituição. On July 18, 2000, the City Hall ceded

in possession.

the said land in full ownership on the condition of immediate reversal if it is given a different

According to the financial method, the cost of the asset is recorded as an asset, the

purpose of use.

corresponding liability is recorded under liabilities, under the caption “Financing obtained”,

The gains or losses arising from the sale or write-off of these assets are determined as the

and the interest included in the amount of the rent and the reintegration of the asset are recor-

difference between the sale price and the net book value at the date of sale / write-off

ded as expense in the statement of profit and loss for the period to which they relate.

and are recorded at the net amount in the income statement as “Other Income” or “Other

In leases considered to be operating, rents due are recognized as expenses on the income

Expenses”.

statement, on a straight-line basis, during the period of the lease.

3.1.2. TANGIBLE ASSETS

3.1.4. FINANCIAL INVESTMENTS

Tangible Assets acquired up to July 1, 2009, are recorded at deemed cost, which corresponds

Financial investments in the group’s companies and associates are accounted for under

to acquisition cost, minus accumulated depreciation and impairment losses.

the equity method, and the investments are initially recorded at acquisition cost, which was

Tangible Assets acquired after that date are recorded at acquisition cost, minus accumulated

increased or reduced to the amount proportional to the equity interest of these companies, as

depreciation and impairment losses.

of the date of acquisition or first use of the equity method.

Depreciation shall be calculated, after assets start to be used, using the constant quota

Under the equity method, financial investments are adjusted annually by the amount

method on an annual / twelfth basis, according to the following estimated service lives:

corresponding to the participation in the net results of group companies and associates

Maintenance and repair costs that do not cover the useful life of these fixed assets are

by counterpart of gains or losses of the period. Shares are further adjusted by the amount

recorded as expenses in the period in which they occur. Expenses on major repairs and

corresponding to the participation in other changes in the equity funds of these companies,

remodeling are included in the book value of the asset whenever expected that it will result in

against the “Financial Adjustments”.

additional future economic benefits.

In addition, dividends received from these companies are recorded as a decrease in the value

Tangible Assets in progress represent assets still under construction, and are recorded at cost

of financial investments.

USEFUL LIFE

3.1.5. IMPAIRMENT OF NON-CURRENT ASSETS (EXCEPT GOODWILL)

YEARS

Buildings and other constructions

3 - 50

Transport equipment

4

Office equipment

3 - 10

Whenever an event or change in circumstances is identified that indicates that the amount for which the asset is registered cannot be recovered, an impairment assessment is made with reference to the end of each period.

Whenever the amount by which the asset is registered is greater than its recoverable amount, an impairment loss is recognized as an expense under the caption “Impairment of depreciable assets”. The recoverable amount is the highest of the net selling price and the value in use.

110 | ACTIVITIES AND ACCOUNTS REPORT | 2016-17 SEASON |

The net selling price is the amount that would be obtained by splitting the asset into a

Loans are recorded in liabilities at their face value, minus transaction costs that are

transaction between independent and knowledgeable entities, minus costs directly

directly attributable to the issuance of these liabilities. Financial charges are calculated at the

attributable to the sale. Value in use is the present value of the estimated future cash flows that

effective interest rate and recorded in the statement of profit and loss for the period in

you expect to arise from the continued use of the asset and its disposal at the end of its useful

accordance with the accrual scheme. The portion of the effective interest related to

life.

commissions with the issue of loans is added to the book value of the loans if they are not

The recoverable amount is estimated for each asset, individually or, if it is not possible, for the

settled during the period.

cash-generating unit to which the asset belongs.

Whenever there is a compulsory right to offset assets and liabilities and the Management

After recognition of an impairment loss, the amortization / depreciation charge on the asset

intends to liquidate on a net basis or to realize the asset simultaneously liquidating the

is adjusted in future periods to allocate the asset’s carrying amount, minus its residual value (if

liability, they are offset and presented in the balance sheet at their net amount.

any) on its remaining useful life.

The reversal of impairment losses recognized in prior periods is recorded when it is concluded

3.1.7.3. SUPPLIERS AND DEBTS TO THIRD PARTIES

that recognized impairment losses no longer exist or have decreased. This analysis is carried out

Debts to suppliers or to other third parties, which do not bear interest, are recorded at their

whenever there is evidence that the previously recognized impairment loss has reversed. The

face value.

reversal of impairment losses is recognized as an income in the income statement. However, the reversal of the impairment loss is made up to the amount that would be recognized (net

3.1.7.4. FINANCIAL LIABILITIES

of amortization or depreciation) if the impairment loss had not been recorded in prior periods.

Financial liabilities are classified according to the contractual substance of the transaction, regardless of the legal form they assume.

3.1.6. LENDING COSTS OBTAINED

A financial instrument is classified as a financial liability when there is a contractual

Financial charges on loans are recognized as expenses under the accrual system.

obligation for its liquidation to be effected through the delivery of money or other financial

In cases where these charges are directly attributable to the acquisition, construction or

asset, regardless of its legal form. Financial liabilities are initially recorded at cost, minus

production of an asset whose period of time to be ready for the intended use is substantial, they

transaction costs incurred, and subsequently cost minus impairment loss.

are capitalized up to the time when all the activities necessary to prepare the asset for its use or sale are completed.

3.1.8. CASH AND BANK DEPOSITS The amounts included under “Cash and Bank Deposits� correspond to cash values, bank

3.1.7. FINANCIAL INSTRUMENTS 3.1.7.1. THIRD PARTY DEBTS

deposits, and other treasury applications which mature in under three months and can be immediately mobilized without significant risk of change in value.

The debts of third parties are recorded at their face value and included in the balance sheet, deducted from any impairment losses, recognized under the heading Impairment of

3.1.9. PROVISIONS, CONTINGENT LIABILITIES AND CONTINGENT ASSETS

receivables (losses / reversals), in order to reflect their net achievable value.

Provisions are recognized only when there is a present obligation (legal or implicit) resulting

Impairment losses are recorded as a result of events that objectively and quantifiably

from a past event, and it is probable that the resolution of this obligation will result in an outflow

indicate that all or part of the outstanding balance will not be received. To this end, the

of resources and the amount of the obligation can reasonably be estimated. Provisions are

Liga takes into account market information that proves the customer is in breach of its

reviewed on the date of each statement assessment and adjusted to reflect the best estimate

responsibilities, as well as historical information on balances due and not received.

at that date. Provisions for restructuring costs are recognized whenever there is a formal and

The impairment losses recognized correspond to the difference between the write-down

detailed restructuring plan and the restructuring plan has been communicated to the parties

of the balance receivable and the respective amortized cost. To date, the amortized cost

involved.

does not differ by face value.

Contingent liabilities are assessed by the League as: (i) possible obligations arising from past events and whose existence will only be confirmed by the occurrence or not of one or

3.1.7.2. LOANS

more future events, uncertain and not totally under the control of Liga Portugal; (ii) present

| ACTIVITIES AND ACCOUNTS REPORT | 2016-17 SEASON | 111

obligations arising from past events but not recognized because it is not probable that an

paid.

outflow of resources embodying economic benefits is required to settle the obligation or, if

The Liga has established and registered all the commitments it has made to grant its employees

probable, the amount of the obligation cannot be measured reliably .

short-term benefits.

Contingent assets usually arise from unplanned or other expected events that will give rise to the possibility of an influx of economic benefits to the Liga. The Liga does not recognize

3.1.14. REVENUE

contingent assets in its financial statements, but only discloses them if it considers that the

Revenue from the sale of assets is recognized only in the income statement when (i) the

economic benefits that may result for the Liga are likely. When the fulfillment of the benefit is

risks and significant advantages of ownership of the assets are transferred to the buyer, (ii)

certain, then the asset is not contingent and recognition is appropriate.

there is no continued involvement of management with a degree generally associated with the effective ownership or control of the assets sold, (iii) the amount of revenue can be

3.1.10. ECONOMIC PERIODIZATIONS

measured reliably, (iv) the economic benefits associated with the transactions are likely to flow

Expenses and income are recorded in the period to which they refer regardless of their

to the entity, and (v) the costs incurred or to be incurred relating to the transaction can be

payment or receipt, in accordance with the accrual accounting regime. The differences

reliably measured. Sales are registered net of taxes, discounts and other expenses related to their

between the amounts received and paid and the corresponding revenues and expenses are

fulfillment, to the fair value of the amount received or receivable.

recorded under “Other receivables” and “Other payables” or “Deferred charges”.

Proceeds from the provision of services include fixed subscriptions and variable contributions, which essentially include enrolments, fines and amounts from TV Quotas.

3.1.11. CURRENT TAXES

This income is registered in the income statement when debited to Associates. In the rendering

Regarding income taxes, these are recorded in the Liga’s income statement and include the

of accounts, the necessary adjustments are made to these forms of income, resulting from the

effect of current taxes. Current income tax is calculated on the basis of taxable income, in

application of the principle of economic periodization.

accordance with the tax rules in force.

The income related to sponsorship contracts (match financing), as well as ticket and print

Deferred taxes refer to temporary differences between the amounts of assets and

supply services, are recorded under the heading Supplementary income. In the rendering of

liabilities for accounting purposes and the respective amounts for tax purposes, as well as those

accounts, the necessary adjustments are made to these forms of income, resulting from the

resulting from tax benefits obtained and temporary differences between the taxable income and

application of the principle of economic periodization.

accounting. The Liga did not record deferred taxes.

According to the legislation in force, the declarations are subject to review and correction

3.1.15. SUBSEQUENT EVENTS

by the Tax Administration during a period of 4 years (5 years for Social Security), except when

Events occurring after the balance sheet date that provide evidence or additional information

there were tax losses, benefits have been granted inspections, complaints or appeals are in

about conditions that existed at the time of the balance sheet’s date (“events that give rise to

progress, in which case, depending on the circumstances, the time limits may be extended or

adjustments”) are reflected in the Liga’s financial statements. Events after the balance sheet

suspended. In this way the tax declarations for the years 2013 to 2016 can still be reviewed.

date that are indicative of conditions that arose after the balance sheet date (“non-adjusting events”), when material, are disclosed in the notes to the financial statements.

3.1.12. GOVERNMENT GRANTS OR OTHER PUBLIC ENTITIES Subsidies assigned to non-performing loans are recorded on the balance sheet as “Other

3.1.16. JUDGMENTS AND ESTIMATES

changes in equity funds” and recognized in the income statement in proportion to the

When preparing the financial statements, the Liga’s Management applies best knowledge

reintegration of subsidized assets.

and experience of past and / or current events when taking into account certain assumptions regarding future events.

3.1.13. EMPLOYEE BENEFITS

The most significant accounting estimates reflected in the financial statements for the periods

The Liga has undertaken the liabilities associated with employee benefits under the applica-

ended 30 June 2017 and 2016 include:

ble laws, recognizing in expenses the short-term benefits for employees who have rendered

• Service lives of tangible and intangible Assets;

services during the accounted period and as a liability after deducting the amount already

• Registration of provisions;

112 | ACTIVITIES AND ACCOUNTS REPORT | 2016-17 SEASON |

• Record of impairment losses.

Estimates were determined based on the best information available at the date the financial statements were drawn up. However, situations may occur in subsequent periods which, if not foreseeable at the time, were not taken into account in these estimates. Changes to estimates that occur after the date of the financial statements will be corrected prospectively.

For this reason and given the degree of uncertainty associated to them, the actual results of the transactions in question may differ from the corresponding estimates.

Changes to these estimates that occur after the date of the financial statements will be adjusted in the income statement prospectively.

3.2. OTHER RELEVANT ACCOUNTING POLICIES

3.2.4. MAIN ASSUMPTIONS REGARDING THE FUTURE

3.2.1. CASH FLOWS

The accompanying financial statements were based on ongoing assumptions relating to the

The cash flow statement is prepared in accordance with NCRF 2, using the direct method.

Liga’s operations, accounting books and records, maintained in accordance with accounting

The Liga classifies investments with maturities of under three months, and for which the risk of

principles generally accepted in Portugal.

change in value is insignificant, including fixed-term deposits, under the heading “Cash and

Events occurring after the balance sheet date that affect the value of the assets and liabilities

cash equivalents”.

existing at the balance sheet date are taken into account in the preparation of the financial

The statement of cash flows is classified under operating activities, financing and investment.

statements for the period.

Operating activities include client and supplier payments, payments to personnel and other related to operating activity. The cash flows covered under investing activities include, namely,

acquisitions and disposals of investments in investees and revenue and payments arising from

3.2.5. MAJOR SOURCES OF UNCERTAINTY

the purchase and sale of fixed assets.

This note refers to key assumptions that related to the future, adopted in the preparation of the

The cash flows covered under financing activities include, in particular, payments and revenue

accompanying financial statements, which may entail a significant risk of material adjustments

relating to loans obtained, finance lease contracts and dividend payments.

to the valuation of assets and liabilities of future financial periods.

Accordingly, certain assumptions were used in the preparation of the financial statements,

3.2.2. FOREIGN CURRENCY

namely, in relation to the determination of provisions and disclosure of contingent liabilities

All assets and liabilities paid in foreign currency are translated into the functional currency,

(Note 12). This assessment was made based on information obtained from the internal and

using the official prices in effect on date of reporting. Exchange differences, favorable and

external lawyers responsible for the cases in question.

unfavorable, arising from the differences between exchange rates prevailing at the date of the transactions and those in effect at the date of collection, payment or balance sheet date, are recorded as gains and losses in the income statement of the period.

Currency exchange differences associated with receivable / payable accounts whose maturity is not defined are recorded in the income statement for the period when such receivable / payable accounts are depreciated / disposed of / settled.

3.2.3. VALUATION JUDGMENTS BY THE MANAGEMENT IN THE CASE OF ACCOUNTING POLICY APPLICATION AND WHICH HAD A HIGHER IMPACT ON THE AMOUNTS REGISTERED IN THE FINANCIAL STATEMENTS When preparing financial statements in accordance with the NCRF-SNL, the Liga’s Management uses estimates and assumptions that affect the application of policies and reported amounts. Estimates and judgments are continuously evaluated and are based on past experience and other factors, including expectations regarding future events that are considered probable in the circumstances in which the estimates are based or resulting from information or experience acquired.

114 | ACTIVITIES AND ACCOUNTS REPORT | 2016-17 SEASON |

4 - CASH FLOWS

5 RELATED PARTIES

4.1. BREAKDOWN OF AMOUNTS REGISTERED UNDER CASH AND BANK DEPOSITS

5.1. REMUNERATION OF KEY MANAGEMENT STAFF

As of June 30, 2017 and 2016, the balance of Cash and Bank Deposits was broken down as follows:

TOTAL REMUNERATION

CASH AND BANK DEPOSITS

30.06.2017

30.06.2016

Cash::

Cash:

2 725,48

2 567,09

2 725,48

2 567,09

Sight deposits:

Fixed-term Deposits:

TOTAL CASH AND BANK DEPOSITS (Amounts in euros - thousands)

794 442,18

983 045,91

500 000,00

500 000,00

1 294 442,18

1 483 045,91

1 297 167,66

1 485 613,00

Liga Portugal maintains two fixed-term deposits totaling €770,000.00 which are recorded under “Other Financial Investments” (Note 10.3) as they are associated with guarantees provided to

JUNE 30, 2017

Pending Transactions balances Nature Income Expenses Active Losses Passive of Related Parties

Impairment

liability

Public-limited Sports Societies Balance of commercial activity

30.06.2016

Legal proceedings in progress

100 000,00

100 000,00

Financing obtained – secured current account (a)

670 000,00

-

770 000,00

100 000,00

Note (a): according to Note 16.2.2, debt on June 30, 2017 amounted to € 490,000.00.

with related entities:

27 451,01 -

502 542,33

Individually-owned Sports Societies 1 736 032,80

OTHER FINANCIAL INVESTMENTS

(Amounts in euros - thousands)

5.2.1. PENDING TRANSACTIONS AND BALANCES

Referee support fund

30.06.2017

582 334,38

5.2. TRANSACTIONS AND BALANCES BETWEEN RELATED PARTIES

Real Estate Management

third parties:

30.06.2016

657 285,67

Throughout the course of the year the Liga recorded the following transactions and balances

Bank deposits:

30.06.2017

Remuneration of key management personnel (Amounts in euros - thousands) (Total value of remuneration including the respective charges)

TOTAL

-

689 723,26

-

-

-

-

2 123 295,58

-

-

764 445,23 (764 320,23)

4 236 441,28 2 985 245,76

192 802,74 (171 870,01)

5 999 925,09 4 177 511,35

Losses Impairment liability

-

-

-

145,00

-

7 930,50

-

23 723,02

491,74

786 088,34 (175 337,19)

957 247,97 (936 190,24) 2 941 182,44 (174 845,45)

NET TOTAL (Amounts in euros - thousands)

21 057,73 2 941 182,44

JUNE 30, 2016

Transactions Pending balances Nature Income Expenses Active Losses Passive of Related Parties

Impairment

liability Real Estate Management Referee support fund Individually-owned Sports Societies Public-limited Sports Societies Balance of commercial activity TOTAL

48 580,41 1 287 785,45 -

994 997,12

977 703,76

3 354 802,61 -

609 761,11

-

Losses Impairment liability

-

-

2 781 427,83

-

-

797 556,78 (764 320,23)

-

7 724,93

-

230 439,20 (171 873,27) 157 741,32 387 876,92 (174 842,19)

-

4 398 380,14 2 875 250,32 1 415 872,90 ( 1 111 035,69) 2 949 419,08

NET TOTAL (Amounts in euros - thousands)

-

2 525,00

40 034,78

40 034,78

304 837,21 2 949 419,08

Notes:: 1. Amount of ​​ transactions with VAT, when applicable; and 2. Amount of Associates’ liabilities is recorded in non-current liabilities (June and 2017: €1,289,265.70 and June 2015: €1,977,168.96) and current liabilities (June 2017: € 865,828, €40 and June 2015: €972,250.12).

| ACTIVITIES AND ACCOUNTS REPORT | 2016-17 SEASON | 115

6- INTANGIBLE ASSETS 6.1. DISCLOSURES FOR EACH CATEGORY OF INTANGIBLE ASSETS, DISTINGUISHING BETWEEN INTANGIBLE ASSETS GENERATED INTERNALLY AND OTHER INTANGIBLE ASSETS average amortization rates:

Useful life

Computer programs

Amortization rate

3 anos

33,33%

-

-

Industrial property

30.06.2017 30.06.2016

Gross Amort and losses Gross Amort and losses

Assets by impairment Assets by impairment 146 284,85

146 284,85

848,60

-

147 133,45

146 284,85

146 284,85

146 284,85

848,60

-

147 133,45

146 284,85

c) Os movimentos na rubrica ativos c) Changes in intangible assets during the years2017 and

Software

Industrial Property

TOTAL

GROSS ASSETS: Additions

Balance on 06-30-2017

146 284,85 -

848,60

146 284,85

-

147 133,45

848,60

147 133,45

ACCUMULATED DEPRECIATIONS:

Balance on 07-07-2016

Additions

Balance on 06-30-2017

(146 284,85) -

(146 284,85)

-

-

(146 284,85) -

-

(146 284,85)

NET TOTAL (Amounts in euros - thousands)

Additions

Balance at 06.30.2016

Balance at 01.7.2015

Additions

Balance at 06.30.2016

146 284,85 -

848,60

146 284,85

-

147 133,45

848,60

147 133,45

(146 284,85) - (146 284,85)

-

116 | ACTIVITIES AND ACCOUNTS REPORT | 2016-17 SEASON |

848,60

-

-

(143 626,08) -

-

(146 284,85)

-

848,60

848,60

848,60

6.2. INTANGIBLE ASSETS WITH INDETERMINED USEFUL LIFE The Liga annually reviews the estimated service lives of intangible assets that are not being amortized to verify the events and circumstances that support an indefinite useful life assessment for that asset.

INTANGIBLE ASSETS

JUNE 30, 2017 Balance on 07-07-2016

Balance at 01.7.2015

Carrying Value

(Amounts in euros L.P.F.P. Brand limits- thousands)

848,60

2016 ended June 30 are as follows:

(Amounts in euros - thousands)

Intangible assets

TOTAL

b) Os ativos intangíveis b) Intangible assets are broken down as follows:

Industrial property

ACCUMULATED DEPRECIATIONS:

(Amounts in euros - thousands)

Software

LIFESPAN

Industrial property

GROSS ASSETS:

a) Depreciation for the period is calculated taking into account the following service lives and

Computer programs

JUNE 30, 2016

Justification A utilização exclusiva desta marca não tem limitações temporais

848,60

7- TANGIBLE ASSETS

JUNE 30, 2016

7.1. DISCLOSURES ON TANGIBLE ASSETS

7.1.1. MEASURING BASES Tangible assets (property, plant and equipment, PP&E) are valued according to the cost model, whereby a tangible asset’s carrying cost is its cost minus any accumulated depreciation and any accumulated impairment losses.

Buildings and other constructions

Transport equipment

Office equipment

TOTAL

GROSS ASSETS: Balance on 07-07-2015

273 287,26

2 072 487,97

40 400,00

439 733,65

Additions

-

-

-

Write-Offs or Disposals

-

-

-

Regularizations

-

-

Balance as of 06-30-2016

7.1.2. DEPRECIATION METHOD USED

Investment properties

273 287,26

(19 840,78) 2 052 647,19

40 400,00

2 825 908,88

28 294,91 -

28 294,91

-

(179 409,70)

(199 250,48)

288 618,86

2 654 953,31

Liga Portugal depreciates its PP&E in accordance with the straight-line method. Under this method, depreciation is constant over the useful life of the asset if its residual value does not change.

ACCUMULATED DEPRECIATIONS: Balance on 07-07-2015 Additions

Depreciation for the year is calculated taking into account the following useful lives and average amortization rates:

LIFESPAN

(766 017,28)

(5 465,75)

(40 269,33)

Write-Offs or Disposals

-

Regularizations

-

Balance as of 06-30-2016

7.1.3. SERVICE LIVES AND USED DEPRECIATION RATES

(79 301,11)

(84 766,86)

-

(40 400,00)

1 517,88 (804 768,73)

-

-

-

(40 400,00)

(395 664,79)

(1 281 383,18)

(22 380,62)

(68 115,70)

- 183 887,72

185 405,60

(234 157,69) (1 164 093,28)

NET TOTAL (Amounts in euros - thousands)

188 520,40

1 247 878,46

-

54 461,17

1 490 860,03

As of June 30, 2017, for the presentation of the financial statements, the existing investment

Useful life

Amortization rate

Land and natural resources - - Buildings and other constructions

-

-

3 - 50

2% - 33,33%

Transportation equipment

4

25%

Administrative equipment

3 - 10

10% - 33,33%

properties were added to the caption “property, plant and equipment” in the balance sheet.

As of June 30, 2017, and as a result of remodeling carried out at the facilities, there were disposals and write-offs of certain assets that generated the corresponding plus / minus value, and their net impact is reflected in the caption “Other Expenses”.

The amounts recorded in “Regularizations” on June 30, 2016 resulted from an inventory made

7.1.4. RECONCILIATION OF THE CARRYING AMOUNT AT THE START AND END OF THE PERIOD

by the Liga of its assets. The net impact on the financial statements amounted to €13,844.88 and was recognized under Other Expenses in the profit and loss statement with reference to that date.

JUNE 30, 2017

Investment properties

Buildings and other constructions

Transport equipment

Office equipment

TOTAL

GROSS ASSETS Balance on 07-07-2016

273 287,26

2 052 647,19

40 400,00

Additions

-

-

-

Write-Offs or Disposals

-

-

-

Regularizations

-

-

-

Balance on 06-30-2017 273 287,26 2 052 647,19 40 400,00 (Amounts in euros - thousands)

288 618,86

2 654 953,31

130 494,98

130 494,98

(31 162,64)

(31 162,64)

(787,42)

(787,42)

387 163,78

2 753 498,23

Additions Write-Offs or Disposals Regularizations Balance on 06-30-2017

(84 766,86)

(804 768,73)

(5 465,75)

(40 269,33)

- (90 232,61)

-

- (845 038,06)

(40 400,00)

(234 157,69)

(1 164 093,28)

-

(36 158,83)

(81 893,91)

-

28 300,09

28 300,09

-

144,33

144,33

(40 400,00)

(241 872,10) (1 217 542,77)

NET TOTAL (Amounts in euros - thousands)

183 054,65

1 207 609,13

-

145 291,68

PERIOD

DEPRECIATION FOR THE PERIOD

ACCUMULATED DEPRECIATIONS: Balance on 07-07-2016

7.2. DEPRECIATION, IN THE RESULTS OR AS A PART OF THE COST OF OTHER ASSETS DURING THE

1 535 955,46

Depreciation

in

results

30.06.2017 Depreciation as part of cost in results of other assets

TOTAL

Investment propertiesBuildings and other constructions Buildings and other constructions

40 269,33

-

Office equipment

36 158,83

-

36 158,83

81 893,91

-

81 893,91

TOTAL (Amounts in euros - thousands)

40 269,33

| ACTIVITIES AND ACCOUNTS REPORT | 2016-17 SEASON | 117

7.3. CUMULATIVE DEPRECIATION AT THE END OF THE PERIOD

INVESTMENT PROPERTIES

INVESTMENT PROPERTIES

30.06.2017

Investment properties Buildings and other constructions Transport equipment Office equipment TOTAL (Amounts in euros - thousands)

30.06.2017 Edificios e Outras Construções

GROSS ASSETS:

30.06.2016

90 232,61

84 766,86

845 038,06

804 768,73

40 400,00

40 400,00

241 872,10

234 157,69

1 217 542,77

1 164 093,28

Balance on 07-07-2016

273 287,26

Additions

-

Write-Offs or Disposals

-

Regularizations Balance on 06-30-2017

273 287,26

ACCUMULATED DEPRECIATIONS:

7.4. RESTRICTION OF TITLE OF TANGIBLE ASSETS

Balance on 07-07-2016 Additions

As of June 30, 2017, the Liga owned the following tangible assets with restrictions:

Write-Offs or Disposals Regularizations Balance on 06-30-2017 NET TOTAL (Amounts in euros - thousands)

(84 766,86) (5 465,75) (90 232,61) 183 054,65

7.5 DISCLOSURES ON INVESTMENT PROPERTY

RESTRICTION OF OWNERSHIP Property, Plant and Equipment Carrying amount Description

Building Rua da Constituição 1 207 609,12

TOTAL (Amounts in euros - thousands)

A. of Liabilities

Hipoteca para garantia de quantias exigidas em processos de execução fiscal no valor global de 2.756.122,55€

1 207 609,12

-

The Company initially values ​​investment property at its cost, which includes its purchase price and any directly attributable expenses. After initial recognition, the investment properties are measured according to the cost model. Under this model, investment property is carried at cost minus any accumulated depreciation and any accumulated impairment losses.

As of June 30, 2017, the carrying amount of this property does not differ significantly from its fair value.

8- LOAN COSTS OBTAINED 8.1 ACCOUNTING POLICY ADOPTED ON THE LENDING COSTS OBTAINED Borrowing expenses are recognized as an expense in the period in which they are incurred.

118 | ACTIVITIES AND ACCOUNTS REPORT | 2016-17 SEASON |

9- IMPAIRMENT OF ASSETS

9.2. CONSOLIDATED LOSSES AND ADDED REVENUES FROM IMPAIRMENT LOSSES REGISTERED

9.1. DECOMPOSITION OF MOVEMENTS ON THE RECOGNITION OF LOSSES FOR IMPAIRMENT AND

DURING THE PERIOD

REVERSALS OF IMPAIRMENT LOSSES DURING THIS PERIOD

During the period ended June 30, in 2017 and 2016, the following movements in impairment

Impairment losses and reversals, occurring in the period ended June 30, 2017 and 2016, were

losses were logged:

recognized in the income statement, by the total impact determined in the corresponding caption. The impact was calculated as follows:

JUNE 30, 2017 Recognized Impairments

Opening Balance

Use

Reinforcement

Reversal

TOTAL

Impairment of receivables:

JUNE 30, 2017

Clients

Associates

Other debtors

TOTAL

Impairment losses recognized in profit or loss:

Impairment of other debtors

Customer Impairment

TOTAL (Amounts in euros - thousands)

-

491,74

-

491,74

-

491,74

-

491,74

-

175 337,19

-

175 337,19

-

175 337,19

-

175 337,19

-

174 845,45

-

174 845,45

Clients

Associates

Impairment of Associates

-

Impairment of other debtors

-

-

Other debtors

TOTAL

TOTAL (Amounts in euros - thousands)

1 111 035,69

-

545 864,11

-

1 808 577,20

-

-

-

151 677,40

491,74 (175 337,19)

936 190,24

Other receivables

TOTAL (Amounts in euros - thousands)

-

-

491,74 (175 337,19)

545 864,11

1 983 422,65

Movement during period, related to the reversal of € 174,842.19, is linked to the balances subjected to impairment due to the recalculation of the Liga Cup prizes in 2012-13 and 2013-14.

-

8 001,96

-

-

40 034,78

-

40 034,78

40 034,78

-

40 034,78

-

8 001,96

-

Opening Balance

Use

Reinforcement

Reversal

TOTAL

Impairment of receivables:

Reversals of impairment losses recognized in the results:

Associates

Recognized Impairments

Reversals of impairment losses recognized in the results:

Customer Impairment

-

JUNE 30, 2016

JUNE 30, 2016

151 677,40

Impairment of receivables:

Reversals of impairment losses recognized in the results:

Receivable Credits

Impairment of receivables:

8 001,96

-

-

8 001,96

8 001,96

(40 034,78)

-

(32 032,82)

Receivable Credits

159 679,36

-

1 071 000,91

-

545 864,11

-

1 776 544,38

-

-

(8001,96)

151 677,40

-

1 111 035,69

Impairment of receivables: Associates

40 034,78

Impairment of receivables: Other receivables

TOTAL (Amounts in euros - thousands)

40 034,78

(8 001,96)

545 864,11

1 808 577,20

The increase recorded in the period is mainly due to the impairment recorded by Trofense (€37,280.78).

As of June 30, 2016, in relation to SABSEG, the data used to apply the equity method refer to December 31, 2015, the date of the last approved financial statements. As regards Via Castilho, the application of the afore-mentioned method was based on the financial statements relating to December 31, 2014.

| ACTIVITIES AND ACCOUNTS REPORT | 2016-17 SEASON | 119

10- INVESTMENTS IN ASSOCIATES AND OTHER INVESTMENTS

10.3. OTHER FINANCIAL INSTRUMENTS

10.1. SUMMARY OF INVESTMENTS

10.3.1. SUMMARY OF INVESTMENTS

INVESTMENTS IN ASSOCIATES

OTHER FINANCIAL ASSETS Percentage held

ViaCastilho – Gestão Imobiliária, Unipessoal, Lda.

30.06.2017

30.06.2016

100%

422 695,38

422 695,38

30%

69 208,52

57 929,34

(Amounts in euros - thousands)

491 903,90

480 624,72

SABSEG – Desporto Seguro, Lda.

10.1.2. SUMMERIZED FINANCIAL INFORMATION

Fixed-term deposit bond

30.06.2017

30.06.2016

100 000,00

100 000,00

1 961,71

783,81

670 000,00 771 961,71

100 783,81

Of the amount recorded for Fixed-term Deposits, €100,000.00, deposited in Montepio bank, served as guarantee for a lawsuit filed by the Santa Casa da Misericórdia de Lisboa and casino

JUNE 30, 2017

management companies, for breach by the Liga of the Santa Casa’s exclusive right to oversee

Net assets Shareholders equity

Via Castilho – Gestão Imobiliária, Lda. 468 553,23 422 695,38 865 684,29

230 695,06

Profit for the 12-month period 2 943,06 37 597,25

(Valores em milhares de euro)

games and gambling in Portugal. Accordingly, said deposit is captive.

Effect on results on 30-06-2017 11 279,18 11 279,18

As of June 30, 2017, with regards to SABSEG, the data used in the application of the equity method refers to December 31, 2016, the date of the last-approved financial statements. With regards to Via Castilho, the application of the afore-mentioned method was based on the financial statements relating to December 31, 2014.

JUNE 30, 2016

Net assets Shareholders equity

Via Castilho – Gestão Imobiliária, Lda 468 553,23 422 695,38 SABSEG – Desporto Seguro, Lda

Work Compensation Fund

(Amounts in euros - thousands)

10.2. INVESTMENTS IN ASSOCIATES

SABSEG – Desporto Seguro, Lda.

Fixed-term deposit not available

432 828,33

193 097,81

Profit for the 12-month period 2 943,06 45 648,24

(Valores em milhares de euro)

120 | ACTIVITIES AND ACCOUNTS REPORT | 2016-17 SEASON |

Effect on results on 30-06-2016 2 943,06 13 694,47 16 637,53

A €670,000.00 Fixed-Term Deposit paid in refers to Liga Portugal’s Secured Current Account with Caixa Geral de Depósitos.

11- REVENUE 11.1. ACCOUNTING POLICIES ADOPTED FOR IDENTIFICATION OF REVENUE INCLUDING METHODS ADOPTED TO DETERMINE THE FINISHING PHASE OF TRANSACTIONS INVOLVING THE PROVISION OF SERVICES Liga Portugal categorizes revenue according to the following criteria: a) Services rendered - logged in the income statement with reference to the stage of completion of the rendering of services by the balance sheet date. b) Interest - registered using the effective interest method.

11.2. AMOUNT OF EACH SIGNIFICANT CATEGORY OF RECOGNIZED REVENUE DURING THE PERIOD INCLUDING THE REVENUE FROM:

REVENUE

30.06.2017

30.06.2016

Provision of services (Note 17.3)

5 339 988,05

4 543 537,74

Supplementary income (Note 17.4)

8 926 298,98

10 056 830,08

Interest (Note 16.3.1) TOTAL (Amounts in euros - thousands)

2 087,71

1 739,61

14 268 374,74

14 602 107,43

12- PROVISIONS, CONTINGENT LIABILITIES AND CONTINGENT ASSETS

12.2. CONTINGENT LIABILITIES

12.1. PROVISIONS

Contingent liabilities, as of June 30, 2017, are as follows:

The Liga considers a provision as being when, cumulatively, there is a present obligation as a

a) Action of contractual liability, brought by Altice against the Liga, in which Altice requests the

result of a past event; it is probable that an outflow of resources embodying economic benefits

Liga is ordered to pay compensation plus interest on actions pending.

will be required to settle the obligation; and a reliable estimate of the amount of the obligation

In view of the argument put forward and the subjectivity of the matter disputed, which

can be made.

consists in the interpretation of an ambiguous drafting clause, it is not possible to formulate with

During the period ended June 30, 2017, the following movements related to provisions

conviction a judgment with any certainty on the outcome of the action.

occurred:

In addition to the controversial nature of the contractual clauses under discussion, the

JUNE 30, 2017

ACCUMULATED DEPRECIATION Opening balance Reclassification

Increase

Reversal

Closing balance

Taxes

901 228,91

Restructuring

-

330 411,11

-

75 000,00

300 000,00

-

1 201 228,91

-

-

Current lawsuits TOTAL (Amounts in euros - thousands)

-

261 170,25

405 411,11

Process Value a) Legal action brought by Altice, claiming compensation for breach of contract

Provisions 970 469,77

-

75 000,00

-

300 000,00

261 170,25 1 345 469,77

The provision for taxes recorded as of June 30, 2017 is derived from the Liga’s best estimate with

b) Judicial action filed by several casino management

300 000,00 6 350 000,00

companies related to sponsorship with Betandwin c) Judicial action brought by F.C. Porto, SAD, which seeks compensation

7 908 499,50

d) Probability of tax execution related to the payment of Totobola profits

1 784 194,82

e) Probability of tax execution related to the first Totonegocio execution

16 952 407,41

regards to future liabilities it might incur relating to tax inspections in 2007-08 and 2009-10, in

(Amounts in euros - thousands)

terms of Income Tax, and for the years 2003 and 2004 and for the period from January 1, 2009

outcome of which cannot be foreseen, it should be noted that the Liga’s legal position is

to June 30, 2010, under Value Added Tax. This estimate was revised considering that the Liga

somehow weakened by situations evidenced in documents which are attached to the file. This

has joined the PERES Program.

case is at the stage of interlocutory appeals, having yet to be tried in the Court of First Instance.

On June 30, 2017, the Liga established a provision for liabilities with an ongoing restructuring

b) This lawsuit involves the Portuguese Association of Casinos (“PAC”); Estoril Sol III

procedure, and estimated an expense of €75,000.00 to be paid in damages.

- Tourism, Games and Entertainment, S.A .; Varzim-Sol – Tourism, Games e Animation, S.A.;

The provision for legal proceedings in progress on June 30, 2017 is derived from the Liga’s best

Solverde – Society of touristic investments of Costa Verde, S.A.; Sociedade Figueira Praia, S.A.

estimate regarding future liabilities relating to proceedings brought by Altice and a group of

and I.T.I.

casino management companies.

– Sociedade de Investimentos Turísticos da lha da Madeira. S.A. Vs. the Portuguese

During the period ended June 30, 2016, the following movements related to provisions

Portuguese Football League (PPFL); bwin.party Services (Gibraltar) Ltd. and bwin party

occurred:

Digital Entertainment plc claiming that the Liga and BWin allegedly infringed the right to exploit games of chance. The compensation originally requested is €27,296,816.00, but the Liga and Bwin, besides a fine of €30,000.00, have not yet been ordered to pay any sum; this case

JUNE 30, 2016

Opening balance Reclassification

Increase

Reversal

Closing balance

Provisions Taxes

895 164,34

-

Current lawsuits

330 000,00

-

1 225 164,34

-

TOTAL (Amounts in euros - thousands)

6 064,57 6 064,57

30 000,00

901 228,91 300 000,00

30 000,00 1 201 228,91

gave rise to enforceable action against the Liga and bwin in which they require payment of €6,350,000.00 in periodic pecuniary penalties for breach of the prohibition on the operation of lottery and betting games in Portugal and for the publicity and disclosure of the bwin.party of the sites betandwin.com and bwin.com, on the basis of the alleged violation of the decision of the

The provision for taxes recorded as of June 30, 2016 is derived from the Liga’s best estimate with

Porto Court of First Instance, dated 16 September 2011. The execution has not yet been

respect to future liabilities relating to tax inspections for 2007-08, in terms of Corporate Income

decided by the Court of First Instance. An appeal in is pending against the interlocutory

Tax of 2003, 2004 and for the period from January 1, 2009 to June 30, 2014 as Value Added Tax.

decision which allowed enforcement.

122 | ACTIVITIES AND ACCOUNTS REPORT | 2016-17 SEASON |

commission, claiming compensation of €7,908,499.50with regards to the outcome of the “Final

13- ACCOUNTING OF GOVERNMENT GRANTS AND DISCLOSING GOVERNMENT SUPPORT

Whistle” case. This case is currently at the stage of pre-trial hearings with appeal pending a

13.1. ACCOUNTING POLICIES ADOPTED:

decision rendered at said hearing.

Government grants are recorded at fair value when there is reasonable assurance that they

d) The Tax Authority (AT) is claiming €1,784,914.82 from the Liga with regards to phase two of

will be received and that the Liga will meet the conditions required for them being granted.

Totonegocio and involves the following clubs: Boavista, Chaves, Maia, Estrela da Amadora

Non-refundable grants related to tangible and intangible assets are initially recognized in

and Salgueiros. This process initially involved 29 clubs, with the five mentioned remaining. The

equity funds and are subsequently recognized in the profit and loss statement on a systematic

Liga has already filed objections to tax foreclosures and has provided a voluntary guarantee,

and rational basis during the accounting periods required to balance them against related

through mortgaging, whereby tax foreclosures are suspended.

expenses, when they refer to depreciable assets. In the event that the grant relates to non-de-

e) The Liga asked proceedings regarding the first phase of the totonegócio be shelved, on the

preciable and intangible assets with indefinite useful lives, they are maintained in equity funds,

basis of the limitation period. The trial was held during the months of January and April 2017

unless the amount is necessary to offset any impairment loss.

c) Futebol Clube do Porto SAD, filed a lawsuit against the Liga and Associates of its disciplinary

when the allegations were presented. It now awaits judgment in the Court of First Instance with regards to the value of EUR 16,952,407.41.

13.2. NATURE AND EXTENSION OF GOVERNMENT GRANTS LISTED IN THE FINANCIAL STATEMENTS AND INDICATION OF OTHER FORMS OF GOVERNMENT SUPPORT On June 30, 2017 and 2016, the Liga logged the following Government grants in its financial statements:

JUNE 30, 2017

Nature

Equity Funds

Statement

Descrição do subsídio Subsídio ao investimento

Não reembolsável

471 363,96

14 963,94

TOTAL (Valores em milhares de euro)

471 363,96

14 963,94

30 DE JUNHO DE 2016

Natureza

Fundos patrimoniais

Demonstração dos resultados

Description of the grant Investment grant

Non- refundable

486 327,90

14 963,94

TOTAL (Amounts in euros - thousands)

486 327,90

14 963,94

| ACTIVITIES AND ACCOUNTS REPORT | 2016-17 SEASON | 123

14- EVENTS AFTER THE BALANCE SHEET DATE

15- INCOME TAXES

14.1. AUTHORIZATION FOR ISSUE

15.1. MAIN COMPONENTS OF TAX EXPENSES / INCOME

The financial statements were approved by the Management on September 8, 2017. However, the Associates may at the General Assembly not approve the present statements and request

TAX EXPENSES / INCOME

changes.

14.2. UPDATE OF THE DISCLOSURE ABOUT THE CONDITIONS OF THE BALANCE SHEET

Current taxes

Between the date of the balance sheet being drafted and the date of the authorization for the issuance of the financial statements, no information was received on conditions that existed at the date of the Balance Sheet, and therefore no adjustments were made to the amounts listed in the present financial statements.

30.06.2017

30.06.2016

636,36

64,01

Deferred taxes

-

Origin and reversal of temporary differences

-

TOTAL (Amounts in euros - thousands)

-

636,36

64,01

15.2. RELATIONSHIP BETWEEN EXPENSES / TAX INCOME AND ACCOUNTING INCOME In the activities subject to Corporate Income Tax (IRC), the reconciliation of the effective tax rate is as follows:

TAX EXPENSES / INCOME

Earnings before Taxes

30.06.2017

30.06.2016

1 296 009,69

1 439 858,79

Tax effect generated by: Non-taxable income Commercial activity profitl Non-deductible expenses Damages used under “Category B” Accruals / Deductions related to untaxed provisions

-

(872 486,89)

109,85 -

3 568,65

4 449,34

(386 794,39) -

Excess IRC estimation

-

-

Application of MEP

-

(16 637,53)

Deduction nº 7 art 53º CIRC Other situations Taxable profit Tax rate IRC Autonomous Taxation Tax on Profit over period (Amounts in euros - thousands)

124 | ACTIVITIES AND ACCOUNTS REPORT | 2016-17 SEASON |

(977 905,09)

(322 663,79) -

(167 508,63)

0,00 21,5% -

0,00 21,5%

-

636,36

64,01

636,36

64,01

16- FINANCIAL INSTRUMENTS

16.2.2. LOAN COMMITMENTS MEASURED TO COST MINUS IMPAIRMENT

16.1. MEASURING BASES

As of June 30, 2017 and 2016, the Liga held the following minimum loan commitments at cost

It is the Liga’s policy to register a financial asset or liability only when it becomes a part of the

minus impairment:

contractual provisions of the instrument.

LOAN COMMITMENTS

The Liga measures at cost minus impairment loss the financial instruments that have a defined maturity, in which the returns are fixed amounts, with a fixed interest rate during the lifespan of

the instrument or a variable rate that is a typical market index (such as Euribor), or that includes

Secured Account - CGD

a spread on the same index and does not contain any contractual clause that could result in loss of nominal value and accrued interest (excluding risk cases of credit) for its holder.

Contracts to grant or borrow on a net basis are also measured at cost minus impairment loss.

30.06.2017 Maturity

Non-current

31/07/18

Credit card

250 000,00

-

TOTAL (Amounts in euros - thousands)

250 000,00

30.06.2016

Current

Non-current

240 000,00 119,45 240 119,45

Current

490 000,00 490 000,00

240 000,00

4 822,62 244 822,62

All financial instruments traded in the net and regulated market are measured at fair value.

As long as the Liga holds a financial instrument, the measurement policy will not be changed.

In September 2016, the conditions of the Caixa Geral de Depósitos current with were renegotiated with a view to reducing the contracted interest rate, updating banking collateral

16.2. FINANCIAL ASSETS AND LIABILITIES

and introducing a capital payment plan in 35 monthly installments of 20,000 , €00 until July 31,

16.2.1. FINANCIAL ASSETS MEASURED TO COST MINUS IMPAIRMENT

2018 and €150,000.00 on July 31, 2018.

As of June 30, 2017 and 2016, the Liga held the following financial assets measured at cost minus impairment:

16.2.3. FINANCIAL LIABILITIES MEASURED TO COST On June 30, 2017 and 2016, the Liga held the following financial liabilities measured at cost:

FINANCIAL ASSETS AND LIABILITIES

Credits Receivable current account Credits Receivable Bad Debt Impairment of Receivables (Note 9) Credits Receivable

FINANCIAL LIABILITIES 30.06.2017

30.06.2016

157 908,37

Bad Debt

1 289 265,70

1 977 168,96

1 289 265,70

1 977 168,96

151 677,40 (151 677,40)

157 908,37

324 803,95

957 257,97

1 241 030,71

Impairment in Associates (Note 9)

174 842,19

(936 190,24)

(1 111 035,69)

21 067,73

304 837,21

Other Current Assets (Note 17.9)

1 421 444,10

1 406 831,01

Impairment Other Current Assets (Note 9)

(545 864,11)

(545 864,11)

Associates

TOTAL (Amounts in euros - thousands)

30.06.2016

Associates

151 677,40 (151 677,40)

-

30.06.2017

Non-current

Founders / benefactors / sponsors / donors / associates / members

324 803,95

Current Suppliers

537 355,90

Associates

865 828,40

972 250,12

Other current liabilities (Note 17.10)

1 886 888,35

1 865 542,96

3 290 072,65

3 225 596,23

4 579 338,35

5 202 765,19

TOTAL (Amounts in euros - thousands)

387 803,15

875 579,99

860 966,90

The balance of Other current liabilities mainly includes amounts related to increases in

1 054 556,09

1 490 608,06

expenses totaling €1,052,999.23 (Note 17.11) and debt to the Professional Football Players’ Union (€337,058.34).

| ACTIVITIES AND ACCOUNTS REPORT | 2016-17 SEASON | 125

16.2.4. FINANCIAL ASSETS WITH ACKNOWLEDGED IMPAIRMENT

17- OTHER INFORMATION

As of June 30, 2017, the League held the following financial assets for which impairment was

17.1. STATE AND OTHER PUBLIC ENTITIES

acknowledged:

Details under the “State and Other Public Entities” heading, as of June 30, 2017 and 2016, are as follows:

JUNE 30, 2017

Cost

Credits receivable Associates Other current assets (Note 17.9) TOTAL (Amounts in euros - thousands)

STATE AND OTHER PUBLIC ENTITIES

Accumulated impairment

309 585,77

151 677,40

30.06.2017

957 257,97

936 190,24

Tax on Corporate Income

1 421 444,10

545 864,11

Tax on Corporate Income to be recovered

2 688 287,84

1 633 731,75

178 897,67

37 996,13

36 661,23

-

Withholding tax on income Value-added tax

The impairments considered on June 30, 2017 are due to objective evidence of financial dif-

Others(*)

ficulties of the respective debtors that caused the default in payment, and that most of them

were carried over from last year.

300,00

-

1 838 799,99

1 339 317,64

518 952,96

-

2 573 611,85

1 377 313,77

Passive Tax on Corporate Income

-

Individual Income Tax

To calculate the amortized cost of a financial asset or a financial liability and impute interest income or interest expense during the year, we used the effective interest method.

Thus, according to the effective interest method, total interest income for financial assets and

123 376,68

Value-added tax

16.3. TOTAL INTEREST INCOME AND EXPENSES FOR FINANCIAL ASSETS AND LIABILITIES

30.06.2016

Active

-

Contributions to Social Security

68 546,94

64,01 99 849,34

1 041,69 52 406,85

191 923,62 153 361,89 (Amounts in euros - thousands) (*) In December 2016, the Liga signed up to the Special Program for Reducing State Debt (known as PERES), and made payments amounting to €518,952.96.

total interest expense for financial liabilities are broken down as follows.

17.2. GUARANTEES PROVIDED As of 30 June 2017 and 2016, the Liga had accepted liabilities for guarantees provided as

INTEREST INCOME

30.06.2017

follows:

30.06.2016

Income - Financial assets Income from interest on sight deposits (Note 17.4) TOTAL (Amounts in euros - thousands)

2 087,71

1 739,61

2 087,71

1 739,61

30.06.2017

30.06.2016

TOTAL (Amounts in euros - thousands)

16.3.2. INTEREST EXPENSES FOR FINANCIAL LIABILITIES 16.3.3. AMOUNT IN FUNDS

10 789,95 10 789,95

34 002,65

Value

Impugnação judicial

34 002,65

Type

995 493,25

Bancária

Inspeção tributária

2 500,00

Bancária

Impugnação judicial

100 000,00

Bancária

Tax Authority

Inspeção tributária

127 285,00

Bancária

Repsol Portugal Bank

Cláusula Contrato

10 000,00

Bancária

(Amounts in euros - thousands)

Expenses – Financial liabilities Factoring

Description

Tax Authority Santa Casa da Misericórdia de Lisboa

INTEREST EXPENSE Loans obtained

Beneficiary Tax Authority

16.3.1. INTEREST INCOME FOR FINANCIAL ASSETS

GUARANTEES PROVIDED

1 235 278,25

At the present date, the following real guarantees were provided:

REAL WARRANTIES Beneficiary

Description

Value

Caixa Geral de Depósitos Current 670 000,00

Account

Type Obligation during the term of the sponsorship agreement with NOS to carry out all the financial operations of

this agreement in this financial institution

Tax Authority

Execution Processes

2 756 122,55

3 426 122,55 (Amounts in euros - thousands) Note (a): according to note 16.2.2, debt on June 30, 2017 amount to €490,000.00.

126 | ACTIVITIES AND ACCOUNTS REPORT | 2016-17 SEASON |

Mortgage Headquarters Building

17.3. SALES AND SERVICES PROVIDED BY ACTIVITY AND GEOGRAPHICAL MARKETS

17.5. OTHER EXPENSES

Sales and services rendered on June 30, 2017 and 2016 were distributed as follows:

Other expenses have the following composition in the period ended June 30, 2017 and 2016:

SALES AND SERVICES PROVIDED BY GEOGRAPHIC MARKETS

30.06.2017

OTHER EXPENSES 30.06.2016

Intern market

(Amounts in euros - thousands)

5 339 988,05

4 543 537,74

Corrections relating to earlier periods

5 339 988,05

4 543 537,74

Levies Fines and penalties Imputation of Article 8, paragraph 4 of the Statutes

30.06.2017

Provision of services: Fixed Quotas

95 171,04

98 762,40

Fines and protests

1 329 488,15

1 116 085,67

Subscriptions and transfers

1 818 185,00

1 806 554,00

TV Quotas

883 850,00

674 700,00

Supplementary quota (B Teams)

250 000,00

450 000,00

Decree nº 315/2015 (Placard)

928 003,12

358 953,93

35 290,74

38 481,74

5 339 988,05

4 543 537,74

Other services

(Amounts in euros - thousands)

(Amounts in euros - thousands)

17 998,02

184 345,83

70 333,01

65 664,38

56 852,67 187,67

250 000,00

449 999,43

1 173 965,26

1 427 254,51

Others

30.06.2016

30.06.2016

28 111,63

259,23

B Teams support, paragraph 2 Article 4

SALES AND SERVICES PROVIDED BY ACTIVITY

30.06.2017

Taxes

Sales and Services:

40 267,42

13 058,69

1 742 613,75

2 035 684,00

O The amount of the Imputation of article 8, paragraph 4 of the Statues reflects the imputation of net income from the Liga’s commercial activity to Sports Societies.

17.6. SUPPLY AND EXTERNAL SERVICES The item Supplies and external services has, in the period ended June 30, 2017 and 2016, the following composition:

17.4. OTHER INCOME The caption Other Income has the following composition in the period ended June 30, 2017 and 2016:

OTHER INCOME

30.06.2017

30.06.2016

Additional income

Sponsorships

Printed Matter and tickets

Other Supplemental Income

Postgraduate course

8 486 224,47

9 564 580,81

330 312,94

486 744,43

7 826,65

5 504,84

101 934,92

-

8 926 298,98

10 056 830,08

Prepaid discounts obtained Corrections relating to earlier periods Interest earned Allocation of investment subsidies Others

(Amounts in euros - thousands)

70,40

31,41

155 595,73

36 116,46

2 087,71

1 739,61

14 963,94

14 963,94

27 518,92

2 796,49

9 126 535,68

10 112 477,99

| ACTIVITIES AND ACCOUNTS REPORT | 2016-17 SEASON | 127

17.8. DEFERRALS

SUPPLY AND EXTERNAL SERVICES

30.06.2017

30.06.2016

Entities (P.F.F., P.F.P.U., among others) Liga Cup Sponsorships Others

793 109,45

1 433 298,35

1 522 711,99

1 188 138,55

350 021,83

788 068,88

42 585,08

38 454,21

Specialized services Specialized Work Advertising and marketing Surveillance and Security Fees

1 204 711,90

As of June 30, 2017 and 2016, the amount of deferred assets and liabilities, creditors due to accrued expenses and debtors due to income accruals is broken down as follows:

Subcontracts

830 609,75

84 752,91

28 977,52

211 911,00

156 955,81

3 444 737,38

3 550 739,89

Conservation and repair

65 363,87

11 130,70

Others

20 667,75

20 677,43

Materials Tools and utensils of fast use

22 760,94

93 667,39

Office Supplies

25 638,13

21 773,45

Others

10 051,79

5 268,72

Energy and fluids

DEFERRALS

30.06.2017

30.06.2016

Active Deferrals Insurance

8 423,47

Adidas 15/16 Bills

-

5 901,43

-

Others

82 758,48

59,62

91 181,95

5 961,05

Litigation Deferrals Sponsorships

6 000,00

Others

7 499,03

1 200,00

13 499,03

10 095,16

(Amounts in euros - thousands)

8 895,16

17.9. OTHER CURRENT ASSETS

Electricity

18 449,99

18 651,15

As of June 30, 2017 and 2016, the value of other current assets is broken down as follows:

Food & Beverage Outlets

33 806,17

26 550,26

991,04

1 589,34

The balance of Other Debtors, net of the respective impairments, is explained essentially by

Water

Travel, accommodation and transport Travel and accommodation Others

447 096,52

508 391,77

(€122,768.48) and with the amounts footed by the Liga for the replacement of the synthetic

42,51

544,89

turf with natural turf, to be reimbursed by the Sports Societies before the end of the 2017/2018

Other services Incomes and rents

634 981,82

581 844,07

Communication

62 695,21

45 812,63

Insurance

47 880,97

49 710,49

Litigation and notary

20 735,39

24 292,68

Representation expenses Cleaning, hygiene and comfort Other services

1 744,65

699,87

28 698,65

14 830,18

369 381,50

32 075,83

9 465 528,44

9 472 753,81

(Amounts in euros - thousands)

2017 and 2016:

Compensation charges Occupational accident and occupational health insurance Other staff costs

(Amounts in euros - thousands)

128 | ACTIVITIES AND ACCOUNTS REPORT | 2016-17 SEASON |

As of June 30, 2017 and 2016, the value of the other debts payable is broken down as follows:

OTHER CURRENT ASSETS

30.06.2017

30.06.2016

531 663,57

479 860,42

1 008 667,42

840 470,52

360 973,23

279 618,93

14 943,24

13 438,20

835,97

752,85

1 917 083,43

1 614 140,92

30.06.2017

30.06.2016

2 479,57

1 249,61

343 129,79

156 478,61

Other debtors

1 075 834,74

1 249 102,79

Accumulated impairment - Other debtors

(545 864,11)

(545 864,11)

875 579,99

860 966,90

(Amounts in euros - thousands)

PERSONNEL EXPENSES Personnel pay

17.10. OTHER CURRENT LIABILITIES

Accrued Income (Note 17.8)

The caption Personnel Expenses has the following composition in the period ended June 30,

season, as stipulated in the Competition Regulations (€383,007.88).

Suppliers - Debtor Balance

17.7. PERSONNEL EXPENSES

Expenses on governing bodies

the registration Club debts paid in the tolerance period granted during the first days of July

17.11. DEBTORS BY INCOME AND CREDITORS BY ACCRUED EXPENSES The balance registered in Other Creditors is mainly due to the amounts owed to the Union

17.12. APPLICATION OF NET INCOME FOR THE PERIOD

of Professional Football Players (€337,058.34), the amounts paid out by the Sports Societies

The Board proposes, as defined in the Statues and in view of the fact that the Liga is a private

relating to the Guarantee Fund (€124,851.85), and funds withheld on the Placards of Sports

non-profit association, that the said profit is applied as follows:

Societies that had not yet submitted the current tax debts (€16,605.21) up to June 30, 2017.

• The Liga’s Financial Balance Fund at €1,234,735.71, pursuant to Article 70, paragraph 3 of

OTHER CURRENT LIABILITIES

the Portuguese Professional Football League Statutes; and 30.06.2017

Customers - Credit balance Personnel Other creditors Creditors for accrued expenses (Note 17.8)

(Amounts in euros - thousands)

30.06.2016 -

• Retained Earnings to the amount of €60,637.62.

300,00

358,61

2 735,85

833 530,51

886 331,89

17.13. DISCLOSURES REQUIRED BY OTHER LEGAL DIPLOMAS

1 052 999,23

976 175,22

The Entity does not have debts to the State in default, under the terms of Decree-Law no.

1 886 888,35

1 865 542,96

534/80 of November 7.

In compliance with the provisions of Decree-Law No. 411/91 of October 17, we hereby inform that the Liga’s State of Affairs before Social Security has been paid up, within the legally established deadlines.

DEBTORS BY INCREASE OF INCOME AND CREDITORS BY ACCRUED EXPENSES

30.06.2017

18- FINANCIAL BALANCE FUND

30.06.2016

Debtors by Accrued Income Sponsorships

149 480,91

46 067,79

Placard profit

193 393,32

108 422,82

Others

255,56

1 988,00

343 129,79

156 478,61

FINANCIAL BALANCE FUND

30.06.2017

311 494,31

266 586,30

Previous balance

2 682 990,68

1 427 780,13

1 956,92

-

Net income - Fines Article 70 (3) (c)

1 087 990,05

1 076 803,74

44 452,79

25 200,00

Creditors and Accrued Expenses Remuneration to be settled Insurance to be settled Anti-doping analysis

18.1. MAP OF STATE OF AFFAIRS AND EVOLUTION OF THE FINANCIAL BALANCE FUND

Income - Article 8 (4) (a)

146 745,66

Ticket revenue from the Liga Cup Final Marítimo

-

100 743,40

Coverage of negative operational activity - article 70, paragraph 1

Ticket revenue from the Liga Cup Final Benfica

-

100 743,40

TOTAL FUND ON JUNE 30, 2017 AND 2016

-

Referee premiums Referee Courses

-

53 312,86

53 312,86

TV broadcast rights and fines (PFPU)

197 765,09

163 821,89

Expenses related to the Liga Cup final

106 840,96

Expenses with Liga bodies and commissions Car hires

27 861,67

21 607,36

Gathering of statistical data

-

22 000,00

Flash interview panels

-

-

Fans Ombudsman

-

100 568,93

-

-

-

Levies

-

-

Goal Line Technology

-

(Amounts in euros - thousands)

(Amounts in euros - thousands)

25 956,71

Representation expenses

Others

2 682 990,68

27 690,51

131 912,84

3 917 726,39

178 406,81

47 346,18

-

Sponsorship and advertising expenses

-

26 023,37

Expenses on Observers

Lawyers

30.06.2016

33 694,12

76 832,86

61 449,12

1 052 999,23

976 175,22

| ACTIVITIES AND ACCOUNTS REPORT | 2016-17 SEASON | 129

APPENDIX

ORGANIZATION OF THE LIGA AND GOVERNING BODIES / 2016-17 STRATEGIC / FUNCTIONAL ORGANIZATION OF THE LPFP STRATEGIC ROLES

LIGA PRESIDENT

FPF

SL BENFICA

FC PORTO

SPORTING CP

CD FEIRENSE

GD CHAVES

FC FAMALICÃO

CF UNIÃO MADEIRA

AC VISEU

LIGA PRESIDENT

BOARD PRESIDENT’S PUBLIC RELATIONS

PRESIDENT’S PRESS ADVISORS

GENERAL SECRETARY

EXECUTIVE BOARD

MARKETING EXECUTIVE DIRECTOR

DEPARTMENTS

COMMUNICATION

MARKETING AND EVENTS

COMPETITIONS EXECUTIVE DIRECTOR

TECHNOLOGY

COMPETITIONS

LEGAL EXECUTIVE DIRECTOR

FINANCE

CONTRACTS REGISTRATION

LEGAL

Also forming part of the Liga’s Governing Bodies are the General Assembly Board, the Fiscal Council and the Jurisdictional Council.

GENERAL ASSEMBLY

JURISDICTIONAL COUNCIL

Also Designated:

President: Dr. Fernando Mário Garcez Borges Costa

President: Judge Conselor Américo Joaquim Pires Esteves

INSTRUCTORS’ COMMITEE:

Vice-President: Dr. Alberto Santos

Members: Dr. Paulo Rafael Falcão Moreira Lopes

Prof. Dra. Cláudia Viana, President

Secretary: Dr. Carlos Vasconcelos

Members: Dr. João Orlando Vieira de Carvalho

Dr. Rogério Oliveira

Secretary: Dr. Rui Pedro Neves da Costa Azevedo

Members: Dr. Brito António Rodrigues Salvador

Dr. Bruno Sampaio

SUPERVISORY BOARD

Members: Dr. Gonçalo de Almeida Correia da Silva

Dr. Sérgio Rola

President: Dr. Carlos de Jesus Pinto de Carvalho

Members: Dr. Francisco Sá Carneiro Sampaio

AUDIT COMMITTEE

Vice-President: Prof. Doutor Fernando José Oliveira

Members: Dr. José Paulo Fardilha Gomes da Silva

President: Dr. José Bento,

Voting Member: Dr. António Gerardo Pinheiro de Oliveira

Members: Dr. Paulo Sérgio Sousa e Santos Moreira Fernandes

Dr. Manuel Pires de Matos, PPFL

Voting Member: Dr. Paulo Fernando Pimenta Machado

Members: Dr. João Manuel do Nascimento Faria Gayo

Dr. José Maria Montenegro, FPF

Member: Dr. Filipe Pato Veiga de Oliveira

Members: Dra. Maria João Ramos Monteiro Soares Ribeiro

Dr. Tiago Rodrigues Bastos, PFPU

Substitute: Dr. José Carlos Faria Matos

Voting Member: Dr. Pedro Miguel Neves de Sousa

Dr. Rui Andrade, NAFC

132 | ACTIVITIES AND ACCOUNTS REPORT | 2016-17 SEASON |

PRESIDENCY SUPPORT

STATUTES AND REGULATIONS

MAIN CONTACTS

RECOMMENDED CONTACTS:

The Statutes of Liga Portugal and its Regula-

Liga Portugal‘s services are open weekdays

GENERAL:

MARKETING DEPARTMENT:

tions are available for consultation in full on

from 9am to 7pm

E: geral@ligaportugal.pt

E: marketing@ligaportugal.pt

the Liga Portugal website:

LIGA PORTUGAL HEADQUARTERS:

www.Ligaportugal.pt:

A: Rua da Constituição,

FINANCIAL DEPARTMENT:

COMMUNICATION DEPARTMENT:

• Statutes of Liga Portugal;

nº 2555 - 4250-173 PORTO

E: financeiro@ligaportugal.pt

E: comunicao@ligaportugal.pt

• General Regulations;

T: 22 834 87 40

E: recursos.humanos@ligaportugal.pt

• Competition Regulations;

F: 22 834 87 56

• Refereeing Rules;

GPS: 41° 9’ 53.315” N 8° 37’ 41.219” W

COMPETITIONS DEPARTMENT:

• Disciplinary Regulations

LISBON OFFICE:

E: competicoes@ligaportugal.pt

TECHNOLOGY DEPARTMENT:

A: Rua Castilho,

E: tecnologia@ligaportugal.pt GAP DEPARTMENT:

n.º 13 D, 6º A - 1250-066 LISBOA

LEGAL DEPARTMENT:

E: dade@ligaportugal.pt

GPS: 38° 43’ 16.176” N 9° 9’ 0.547” W

E: juridico@ligaportugal.pt

E: protocolo@li ortugal.pt

134 | ACTIVITIES AND ACCOUNTS REPORT | 2016-17 SEASON |

Rua da Constituição 2555 4250-173 PORTO

T: +351 228 348 740 www.ligaportugal.pt