Manchester United Takeover: Manchester United SALE: To protect the integrity of all UEFA competition laws, UEFA has been requested to prevent any Qatar-led takeover of Manchester United. Qatar is interested in purchasing the Old Trafford team. Although the Gulf nation already owns Paris Saint-Germain, the reigning French champions. Through the Qatar Investment Authority, a company with close ties to the nation’s sovereign wealth fund. With the deadline set by Glazers Family, the Qatari bidders look to urgent acquisition of Old Trafford and club with all its entities. Follow Premier League LIVE Updates on InsideSport.IN
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Manchester United Takeover: Qatar’s Bid to BUY Manchester United BLOCKED? Fair Square urges UEFA to PROTECT Integrity of UEFA Competition Laws – Check Details
If two clubs owned by the same entity qualify for tournaments like the Champions League, only one of the teams may participate under UEFA rules. No person or legal organisation is allowed to control or influence more than one club competing in a UEFA club competition, according to the rules. They specify that having such “decisive influence” or control over a club’s overall decision-making include having control over voting rights and, perhaps, the authority to employ or dismiss staff.
BREAKING NEWS: UEFA has been asked to block any Qatar-led takeover of Manchester United to ensure integrity across their competitions.
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Theodore Theodoridis, general secretary of UEFA, and Richard Masters, CEO of the Premier League, have all been copied on FairSquare’s letter to UEFA president Aleksander Ceferin asking him to openly forbid any takeover of United while QSI controls PSG. Additionally, it draws attention to the connections between the main investment vehicles of the nation and the ruling family as well as between them, as evidenced by the chairman of QSI’s membership on the board of the Qatar Investment Authority. Qatar does assert that QSI is separate from QIA.
Manchester United Takeover: Qatar’s Bid to BUY Manchester United BLOCKED? Fair Square urges UEFA to PROTECT Integrity of UEFA Competition Laws – Check Details
The letter states: “A basic study of Qatar’s political and economic system amply demonstrates the impossibility of any Qatari consortium proving itself independent of state influence, and thus separate from the ownership of PSG. “Freedom House’s World Freedom Index classifies Qatar as ‘not free’, and its most recent assessment is highly critical of Qatar’s record on the rule of law, corruption, and political participation: ‘Qatar’s hereditary emir holds all executive and legislative authority and ultimately controls the judiciary.’
Last week, UEFA discussed the problem of multi-club investment in its article on the state of European club football. “The rise of multi-club investment has the potential to pose a material threat to the integrity of European club competitions,” it said. “A growing risk exists that two clubs with the same owner or investor will face one another on the field.”
Even though both RB Leipzig and Red Bull Salzburg were intimately linked to the Austrian soft drink company Red Bull, they were able to persuade UEFA in 2017 that they were operated by independent organisations. Both teams can now participate in the Champions League following a change in Salzburg’s ownership.
Manchester United Takeover: Qatar’s Bid to BUY Manchester United BLOCKED? Fair Square urges UEFA to PROTECT Integrity of UEFA Competition Laws – Check Details
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