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Press Release プレスリリース
2022.3.11
J.LEAGUE announced that it has revised the rules and J.LEAGUE Statutes concerning stock transfers at the Board of Directors meeting held on February 28 as a result of consideration concerning the Study on Capital Liquidity with Consideration on Stock Market Listing, one of the measures taken for replanning.
In order to achieve the 2030 Vision even amidst the effects of COVID-19, J.LEAGUE has been conducting consideration on management areas with nothing off limits. One of the new growth strategies raised is the listing of clubs, which is practically impossible under the current rules and regulations of J.LEAGUE. The purpose of this revision is to have this lead to the development and value enhancement not only of the listed clubs but also of the League as a whole, including attracting investors with capital strength and strengthening the business management system of the clubs. On the other hand, from the perspective of integrity, J.LEAGUE has decided to redefine the scope of prohibition on ownership of club shares.
Note that the revised items have been implemented on March 1, 2022.
■Results of consideration on the Study on Capital Liquidity with Consideration on Stock Market Listing
Listing on the stock market will contribute to enhancing the public nature, transparency, and corporate value of clubs, and will not undermine the League’s philosophy and ideology.
Increasing capital liquidity can be expected to accelerate the growth of clubs and the League as a whole, so we will revise the rules and regulations to enable clubs to be listed on the stock market.
■Basic policy for listing
| Direction of rules and regulations revision | Revision summary | Beginning of implementation |
| Elimination of advance reporting of stock transfers of less than 15% | Full elimination of Article 29 Section 1, which imposes the obligation of advance reporting of stock transfers | From March 1, 2022 |
| In the case of the appearance of a new large shareholder with 15% or more, the League will review the appropriateness of the shareholder, require clubs that have not eliminated inappropriate shareholdings within a certain period of time to rectify them, and take disciplinary penalties, including expulsion from the League, if they fail to do so. | Specification that instead of the current advance approval by the League, the League may review the appropriateness of shareholders based on a declaration submitted by clubs, and require clubs to rectify share ownership by inappropriate shareholders | |
| Prohibition of club executives and employees from owning shares in other J.Clubs | Scope of prohibition of share ownership by club executives and employees expanded to include owning 15% or more of the shares of a corporation that could seriously influence other J.Clubs from a cross-ownership perspective as well as shares of a corporation under the serious influence of a club |
