The First Chamber of UEFA’s Club Financial Control Committee has accepted the admission of clubs in conflict over timeshare rules. One of them is the France team, where the former Colo Colo plays, due to his link with Milan.
Good news received this Friday on Toulouse . The team where the Chilean national team Gabriel Suazo finally plays will be able to play in the 2023-2024 edition of the Europa League place he conquered after being crowned champion of the Coupe de France, but the doubt hovered following administrative aspects, which were lifted by UEFA’s regulatory body.
The First Chamber of the European Confederation’s Club Financial Control Board (CFCB) had opened legal proceedings against six teams, including two Milan and Toulouse, over a possible conflict with the timeshare club rule in the article 5 of the UEFA club competition regulations. In particular, heThe obstacle was that the fund RedBird Capital Partners is the owner of the French club and, at the same time, majority shareholder of the rossoneri since July 2022.
The rule prohibits two teams belonging to the same owner from participating in continental tournaments. In the case of the Italians, it affected them because they qualified for the Champions League, to be in the top four of Serie A.
This same problem was for Aston Villa of England and Vitória Sport Clube of Portugal, as well as for English Brighton and Union Saint-Gilloise of Belgium.
“Following the implementation of significant changes by the clubs and their associated investors, the First Chamber of the CFCB has accepted the admission of the aforementioned clubs to the UEFA club competitions for the 2023/24 season. . The CFCB felt that the significant changes put in place required clubs to comply with the time-sharing rule,” UEFA detailed.
Furthermore, the governing body of the Old Continent added that “the significant changes that have been applied relate to the structure of ownership, governance and financing of the clubs concerned. These changes significantly restrict investors’ influence and decision-making power over more than one club, ensuring compliance with the club’s timeshare rule.
It is added that, as further proof of their independence, all the teams involved have agreed to terms, such that no player will be transferred to each other, whether on a permanent basis or on loan, directly or indirectly, until in September 2024.
Good news for Suazo and company, who will be able to compete on the international stage by representing Ligue 1 in UEFA’s second most important competition, at club level. He went straight into the group stage.
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Source: Latercera
I’m Scott Moore, a professional writer and journalist based in the US. I’ve been writing for various publications for over 8 years now, and have been working as an author at athletistic for the past five years. My work has been featured by some of the leading sports websites and magazines across Europe.
