February 22, (THEWILL) – Billionaire businessman, Jim Ratcliffe, has denied claims he could be forced to give up ownership of French club OGC Nice if his recent investment in Manchester United contravenes UEFA regulations on multi-club ownership.
Current rules state that no individual can hold, control or influence more than one club in UEFA competitions. While Ratcliffe’s minority shareholder status likely rules out issues around control, the provision regarding ‘influence’ has raised questions. Ratcliffe’s company INEOS owns and sponsors Nice after a 2019 takeover, while his personal firm completed the United deal.
However, Ratcliffe was adamant there are “no circumstances” preventing United from playing in the UEFA Champions League due to his Nice interest. He stated, “There are shades of grey, not black and white” regarding the rules, which he understands are subject to change. Ratcliffe also noted Manchester City’s multi-club City Football Group as an example that may encounter issues first.
Reports in November 2022 suggested Ratcliffe had no intentions to sell either the French or Swiss clubs he owns, Lausanne. Sources claimed he had already received assurances from UEFA against major complications. As regulations stand, UEFA wants to ensure club investors cannot influence match results – compromising sporting integrity.
With both clubs enjoying strong seasons domestically, Ratcliffe discussed the perceived benefits of multi-club ownership models for smaller teams involved. UEFA recognises the commercial boost smaller clubs can gain from links to global entities, hence a reluctance to outright ban the practice. For now, Ratcliffe remains confident his interests will be accommodated.
Jude Obafemi is a versatile senior Correspondent at THEWILL Newspapers, excelling in sourcing, researching, and delivering sports news stories for both print and digital publications.
