The real owners of sports teams in Latvia is a sensitive topic.
We summarize the choice of legal entity form – can you imagine how the sports teams in most popular leagues’ actually organize their affairs?
After the raise of “ultimate beneficiary” concept, some organizations have dared to disclosed who in reality is their “boss”, even though they do not own the team (on paper).
We also look at the influence of “recognized sports federations” in the organization handing out recognition decisions. Can you guess which sports hold the majority?
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