Jonathan Nwokpor
Manchester United and City have received approval from UEFA’s Club Financial Control Body (CFCB) to compete in European play in the upcoming season.
Girona of La Liga and City both made it into the Champions League.
Given that both teams are a member of the City Football Group, there were questions over whether they would be permitted to participate in the competition.
On the other hand, United and Nice won the FA Cup, earning them a spot in the Europa League. The INEOS group, led by Jim Ratcliffe, also owns the Ligue 1 team.
Due to the possible violation with UEFA’s multi-club ownership regulations caused by two clubs owned by the same group participating in the same European competition, board adjustments were required before all four clubs could be allowed.
The ownership, governance, and financial support of the concerned clubs have undergone “significant changes,” according to UEFA, which would “substantially restrict the investors’ influence and decision-making power.” This was confirmed on Friday.
Independent trustees now possess the shares held in Girona and Nice “through a blind trust structure established under the supervision of the CFCB.”
The 2024–2025 season is the duration of the measure; following that, the shares will return to INEOS and City Football Group.
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