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Article L122-12 of the French Sports Code

Notwithstanding the provisions of article L. 122-2, local semi-public sports companies formed before 29 December 1999 may retain their previous legal status. The provisions of articles L. 122-3, L. 122-5, L. 122-10 and L. 122-11 are applicable to them.

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Article L122-13 of the French Sports Code

Articles L. 1522-1 and L. 1525-1 of the Code général des collectivités territoriales set out the rules governing majority shareholdings by local authorities and their groupings in the capital of semi-public sports companies.

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