CFG, Ineos must use blind trust due to UEFA rules

Due to UEFA’s rules on multi-club ownership, the two Manchester clubs – Manchester City and Manchester United – must both exercise a blind trust option.

City Football Group (CFG) is the majority shareholder of Manchester City and Girona, along with several other clubs around the world. City and Girona will both make the UEFA Champions League, so they are coming into violations of UEFA’s rules. The same is true for INEOS, who owns United and Nice. Both qualified to the Europa League and INEOS owns the majority of shares in each club.

UEFA’s rules on multi-club ownership state that no one can have control or a decisive influence over more than one club in the same competition. It means that both CFG and Ineos could be in trouble due to multiple clubs being under their umbrella.

What counts as a decisive influence?

UEFA defines decisive influence in four ways.

UEFA says that a club can hold decisive influence over another if they have transferred three or more players to the other, or if they share the same scouts and facilities. Midfielder Yangel Herrera, star winger Savio, and right-back Yan Couto were all sold to Girona under CFG’s leadership.

They also say a club can hold a decisive influence if a club provides ‘financial security’ to another club by lending money, or if one club’s revenue is at least 30% of the other club’s total revenue.

UEFA defines decisive influence through the people in charge as well. If an individual has a position in the clubs’ governing bodies — CEOS, sporting directors, CFOs, etc. — then they hold decisive influence. If a member of one club hires and fires members of another club, that’s also a decisive influence.

And finally, the final definition of decisive influence, and arguably the most important, is the allocation of shares. If an owner holds 30% of shares in both clubs or if the owner holds at least 10% of shares AND is a leading shareholder, that is a decisive influence. CFG…

Source link : https://worldsoccertalk.com/news/cfg-ineos-must-use-blind-trust-due-to-uefa-rules/

Author : Deolu Akingbade

Publish date : 2024-06-01 14:46:18

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