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Manchester United's co-owners, INEOS, put out a statement as the risk of the Red Devils being banned from the Europa League loomed.
Premier League giants Manchester United could be banned from next season's Europa League due to UEFA’s rule around multi-club ownership.
Although the Glazers are the majority shareholders in Manchester United, Jim Ratcliffe’s INEOS owns a sizable portion of the shares; the British company also owns Ligue 1 side Nice, and that has brought UEFA's rule on multi-club ownership to the fore.
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Man United and Nice’s problem
Nice and Manchester United have both qualified for next season's Europa League and given that they both have INEOS as a common owner, it calls into question UEFA's laws.
UEFA regulations stipulate that two clubs with the same owner cannot play in the same European competition.
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INEOS sent out a statement to address the issue: "We are aware of the position of the two clubs and we are in direct dialogue with UEFA.
"We are convinced that we have a solution for next season in Europe."
According to the Sun, the said negotiation had happened, and INEOS already reached an agreement with UEFA. It is understood that both teams will sidestep the rule, as INEOS owns less than 30% of Manchester United, which is the threshold for when UEFA’s rule gets triggered.
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