31. Companies and other corporate bodies.

Increased commercialisation and the onus on sport to become more accountable has led some sports clubs to adopt a company structure. One of the key benefits of incorporating a limited liability company is that the liability of members is limited, either to the price paid for a share in the company1 or to a nominal figure in the event of the company being wound up2. A limited liability company will be able to enter into contractual agreements in its own name and may sue and be sued in its own name, rather than in the names of the individual