Icelandic Football Clubs are small entities and are publicly owned. The form that is used is the so-called “General Non-profit Organizations”, which means the clubs are controlled by their members according to their regulations. The usual election process is when the members elect the board for each period. Financially, the clubs rely heavily on government grants, sponsorship deals and members’ fees, to name a few. This type of “ownership” of football clubs has two very different points of view.

First is the point that is owned and controlled by the fans and the board is voted on, which clears the danger of an owner coming in, pumping money into the club, and then possibly walking away from the club, with the risk of substantial financial risk.

On the other hand, in such small surroundings where everyone knows each other, there is the risk of the same people getting elected every time or a friend of a...

Why not join us?

Football Legal is an independent media publishing football law contents on a daily basis dedicated to all football law practitioners (lawyers, clubs, federations, intermediaries, football stakeholders, etc.).

Register today and stay tuned to the latest legal news.

Get started