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Green Light for the Red Devils
Manchester United fans can breathe a sigh of relief as the club has secured its place in the upcoming season’s Europa League. This follows a decisive victory over Manchester City in the FA Cup final, ensuring their European football journey continues.
Ownership Hurdles Overcome
Concerns had been mounting over United’s eligibility due to new minority owner Sir Jim Ratcliffe’s control of French club Nice, which also qualified for the Europa League. However, reports indicate that UEFA is set to clarify rules on multi-club ownership, allowing both of Ratcliffe’s teams to compete in the 2024/25 season.
UEFA’s Financial Board to Issue Key Ruling
The Club Financial Control Board of UEFA is poised to deliver a verdict on Monday that will address the intricacies of multi-club ownership. This ruling is expected to set the stage for teams with shared ownership to participate in the same European tournament, subject to specific conditions.
One of the stipulations for multi-club participation involves the operation of Nice through a “blind trust”, with a panel approved by UEFA. This strategy is not unprecedented; it mirrors the approach that allowed Red Bird Capital-owned clubs AC Milan and Toulouse to participate in the Europa League this season.
City Football Group’s Strategy Scrutinized
The City Football Group, which owns Manchester City and Girona, will also benefit from this ruling. Girona’s connections with the City Football Group have been under the microscope, particularly with player loans and sales influenced by the ownership group.
A Temporary Measure with Future Implications
UEFA’s rule adjustment is described as a “temporary alternative,” granted exclusively for the 2024-25 UEFA competitions. The report suggests that the latitude provided this season may not be as generous in the future, hinting at a possible tightening of regulations.
Ratcliffe’s Ineos Stake in Manchester United
British billionaire Sir Jim Ratcliffe’s company, Ineos, holds a 27.7% stake in Manchester United, while the Glazer family maintains the majority control. Ratcliffe’s sporting portfolio also includes Swiss club Lausanne-Sport, which did not qualify for European football this season.
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