Breaking News

UEFA confirms the participation of RB Leipzig and Red Bull Salzburg in the 2017-2018 Uefa Champions League.

Fears of one team missing out in Europe biggest club competition has been quashed after the Adjudicatory Chamber of the UEFA Club Financial Control Body (CFCB) found no breach in Article 5 (Integrity of the competition) of UEFA rules.
The ownership of the two clubs by one Energy drinks company, Red Bull, creates a strong tie (Financial connection) between the two clubs. This tie goes against Uefa rules, banning them from participating in the same competition.
CFCB investigation into the issue found no wrong doing by the two clubs and have cleared them to participate in this year’s competition.

“Following a thorough investigation, and further to several important governance and structural changes made by the clubs (regarding corporate matters, financing, personnel sponsorship arrangements, etc.), the CFCB deemed that no individual or legal entity had anymore a decisive influence over more than one club participating in a UEFA club competition.

This decision may be appealed to the court of Arbitration for Sports within ten days, in accordance with Article 34(2) of the Procedural rules governing the UEFA Club Financial Control Body-Edition 2015, as well as Articles 62 and 63 of the UEFA Statues.

The CFCB will continue to monitor both clubs to ensure that integrity rules are respected going forward.
The motivated and reasoned decision will be published on in due course,”
Finishing 2nd in their debut season in the Bundesliga, RB Leipzig are expected to produce similar performances in the Champions League.

The club was founded in 2009 by the energy drinks company Red Bull.

No comments