Man Utd, City cleared to play European football

Man Utd, City cleared to play European football

Soccer

Manchester City and Manchester United have been cleared to take part in European competition next season by UEFA’s Club Financial Control Body (CFCB).

Doubts had been raised after both Man City and LaLiga side Girona, who are both part of the City Football Group, both qualified for the UEFA Champions League. Manchester United, meanwhile, earned a place in the Europa League by winning the FA Cup along with Nice, the Ligue 1 club which is also under the control of Jim Ratcliffe’s INEOS group.

Two clubs under the same ownership being in one European competition creates a potential conflict with UEFA’s multi-club ownership rules, and changes had to be made at board level for all four clubs to be admitted.

UEFA confirmed on Friday that there had been “significant changes made to the ownership, governance, and financial support of the concerned clubs” which would “substantially restrict the investors’ influence and decision-making power.”

The shares held in Girona and Nice have been transferred to independent trustees “through a blind trust structure established under the supervision of the CFCB.”

The measure applies only to the 2024-25 season, after which the shares will transfer back to City Football Group and INEOS.

Articles You May Like

Takeaways from Game 4: Vegas one win away from title
Wait, the Bruins lost? Five reasons for the shocking first-round flop
2024 midyear awards: Can anyone top Max Holloway for KO of the year?
Knicks All-Star Randle has surgery on left ankle

Leave a Reply

Your email address will not be published. Required fields are marked *