National Assembly passes sports law that regulates sponsorship

Representatives of sports leagues are waiting for the regulations of the law

 

Sports sponsors have not completed negotiations with professional teams and they will not do so until the regulations of the law are approved (Photo: Nicola Rocco)

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Venezuela's National Assembly made on Monday the final reading of the Organic Law of Sports, Physical Activity and Physical Training, as lawmakers endorsed the 89 articles of the law, after they amended 49 articles. The new law will be sent to the Supreme Tribunal of Justice (TSJ), which will ratify its organic nature.

Article 68 was one of the most controversial articles of the law, as it was not supported by the professional sports leagues because it does not include sponsorship agreements that had been previously established.

Héctor Rodríguez, the minister of Sports, said to the representatives of the basketball, baseball, and soccer leagues that their proposals would be taken into account in drafting the regulations of the law.

By, Samir J. Jiménez P.

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