Michael Clark Varela

Michael Clark Varela is a Chilean business executive. He is the current president of Azul Azul S.A., a Chilean joint-stock company that manages the professional football club, Universidad de Chile, under a concession agreement with the proper university.

During Clark’s tenure, Azul Azul has been the subject of public discussion in Chile regarding the governance and regulation of professional football clubs operated by private companies.

Education and career Clark studied Business Administration at the Pontifical Catholic University of Chile (PUC). He later completed a Master of Business Administration (MBA) at the University of California in the United States.

Clark began his professional career in finance at the Chilean branch of the BBVA, where he worked for approximately seven years in the Corporate & Investment Banking division. During this period, he held roles progressing from associate to vice president and director, focusing on corporate finance and capital markets.

Clark later served as a director of Sartor Administradora General de Fondos (Sartor AGF), a regulated Chilean investment fund manager. a Chilean sports company that operates the professional football team of Universidad de Chile since 2007. Azul Azul manages the club’s professional football activities through a concession agreement with the University of Chile, which retains ownership of the club’s name and symbols. Following the CMF decision, Clark stated publicly that he disagreed with the ruling and announced that he would pursue available legal remedies, while confirming that he intended to continue serving as president of Azul Azul.

Representatives of the University of Chile stated that the institution would review its agreement with Azul Azul regarding the use of the university’s name and symbols.