Doubts surrounding Azul Azul.

It is noteworthy that, despite the law that created professional sports corporations, which aimed to increase transparency, there are still doubts in the case of the U. de Chile club about whether there is someone behind the current controlling shareholders. Michael Clark, president of Azul Azul. Photo: Photosport. Comments: Recently, a new chapter was added to the Sartor AGF case saga when, at the request of the Public Prosecutor's Office and authorized by the Fourth Guarantee Court of Santiago, a search was conducted at the offices of Azul Azul S. A. (the concessionaire of the University of Chile club), at the home of former president Michael Clark, and at four other companies. The investigation is based on the fact that, according to the Prosecutor's Office, "between 2016 and 2025, a group of defendants, including Clark, allegedly structured a scheme to use Sartor AGF S. A. to finance entities related to their owners, partners, or administrators, in conflict with the interests of the contributors." Specifically, Clark is also being investigated for the way he took control of Azul Azul through the Private Investment Fund Tactical Sport (which was managed by Sartor), and how he became its main contributor, and where the Financial Market Commission (CMF) accused the lack of a takeover bid to do so properly. While this is a matter under criminal investigation, fines have also been issued, and disqualifications have been imposed for former partners of AGF to serve as directors and senior executives, as well as the revocation of their authorization to operate by the CMF. It is also regrettable that these operations have affected an institution with a long history in our sport, and that the issue – to which even one of the new directors, José Miguel Insulza, has alluded – is not the sporting challenges it faces, but rather clarifying whether there is someone behind those who are the current controlling shareholders of Azul Azul. It is certainly noteworthy that the company that owns this iconic sports club is burdened with doubts of this nature, considering that since 2005, when Law 20.019 on Professional Sports Corporations was published, the aim was to offer a different option for professional football teams so that they could incorporate better management, more professionalized, with more efficient management of financial resources, and attract investment that would enhance their development. Thus, this law – which has just been amended – not only seeks to make the activity surrounding football financially sustainable, but also transparent and to safeguard the rights of those involved in it. Other clubs, such as Colo Colo or Universidad Católica, have also become sports corporations, without the same questioning that has been seen in Azul Azul. Therefore, it is essential not only to advance the investigation being conducted by the Prosecutor's Office into the illicit or irregular operations that may have been carried out under the guise of Sartor AGF, and to pursue criminal and civil liabilities if that is confirmed, but also to clarify any doubts regarding the involvement of the Azul Azul concessionaire and how it may have been affected in commercial relationships with AGF. But above all, it is essential to definitively resolve that there is absolute transparency regarding the manner in which the former president took control of the concessionaire and, of course, regarding the financing required for the entire operation. More about: Azul Azul Transparency Criminal investigation