UEFA Clears Manchester Clubs for European Competitions Amid Ownership Controversy
UEFA's Club Financial Control Body has granted permission for Manchester City and Manchester United to participate in the Champions League and Europa League along with their sister clubs Girona and Nice. This decision came after investors implemented changes to comply with UEFA's multi-club ownership rules.
![UEFA Clears Manchester Clubs for European Competitions Amid Ownership Controversy](https://devdiscourse.blob.core.windows.net/aiimagegallery/05_06_2024_11_20_28_4162881.png)
In a landmark decision, UEFA's Club Financial Control Body (CFCB) revealed on Friday that Manchester City, Manchester United, and their sister clubs Girona and Nice will be permitted to compete in the Champions League and Europa League respectively. This green light follows significant adjustments made by the clubs' investors to align with UEFA's stringent multi-club ownership rules.
The European soccer governing body confirmed that the investors for these clubs—City Football Group and INEOS Sport—effectively demonstrated no overlapping control or decisive influence over more than one club. Furthermore, shares of Girona and Nice were transferred to an independent trustee under CFCB's supervision until July 1, 2025, ensuring compliance.
Additionally, the clubs will refrain from transferring players among themselves until September 2025. UEFA emphasized that these measures significantly limit investor influence and decision-making power over multiple clubs. The CFCB plans to continue monitoring to ensure adherence to these regulations throughout the 2024/25 season.
(Disclaimer: With inputs from agencies.)
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