Man United bidder Jim Ratcliffe may have to sell OGC Nice stake to comply with UEFA rules – Man United News & Transfer News
INEOS billionaire Sir Jim Ratcliffe might need to promote his stake in Ligue 1 group OGC Good if his bid to purchase Manchester United is profitable.
Ratcliffe owns Good via his petrochemical firm, and a battle may ensue if each the French membership and United qualify for the Champions League.
The 70-year-old is seeking to purchase United from the Glazers and made a revised supply final week.
Ought to Ratcliffe win the race for a place on the boyhood membership, Ratcliffe’s INEOS will grow to be the custodians of three soccer associations – United, OGC Good and Swiss second-tier facet FC Lausanne-Sport.
ESPN’s Mark Ogden stated: “If Sir Jim Ratcliffe wins the race to purchase and take possession of the Glazer household, he might need to promote his stake in French membership Good to keep away from the potential for considered one of his groups being excluded from the Champions League. Premier League facet, a supply informed ESPN.
“Ratcliffe could be breaking current guidelines if each United and Good qualify for a similar UEFA competitors below his possession.”
“Article 5 of UEFA’s membership competitors rules considerations the integrity of the competitors and multi-club possession, with guidelines that prohibit two groups managed by the identical particular person or group from competing in the identical competitors.”
Earlier this month, UEFA president Aleksander Ceferin informed Gary Neville that the soccer board desires to assessment rules concerning multi-club possession. Ceferin strongly implied that these legal guidelines could be relaxed to permit groups owned by the identical people or consortia to compete in opposition to one another in the identical competitors.
“Except Ratcliffe and INEOS have diminished their curiosity in Good, Article 5.02 of UEFA rules by the French facet or United outlining the steps to be taken if two golf equipment belonging to the identical particular person or group qualify for a similar competitors.”
Ought to a scenario come up the place Crimson Devils and Good are in Champions League spots, the membership that completed greater of their native leagues will take their place in Europe’s greatest rivalry.
For instance, suppose Good completed Ligue 1 within the prime three and United completed fourth, Good would robotically play in UCL at United’s expense.
Ratcliffe’s primary rival within the race to purchase United, Sheikh Jassim bin Hamad Al-Thani, may also need to show that he has no affiliation or affiliation with Qatar Sports activities Investments (QSI), which owns PSG.
Nonetheless, as Ogden factors out, it is a a lot larger downside for Ratcliffe as a result of if he’s profitable in his efforts to take down United, he’ll immediately come below heavy scrutiny from UEFA.
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