Girona are 47 per cent owned by City Group since 2017 and, after a stunning season when they competed for a period with Real Madrid for the
City Football Group, the parent company of Manchester City, must reduce its stake in Girona if the Spanish club is to be allowed to compete in next season's Champions League , UEFA said on Wednesday. Liga side Girona are 47 per cent owned by City Group since 2017 and, after a stunning season when they competed…, must reduce its stake in Girona if the Spanish club is to be allowed to compete in next season’s Champions League , UEFA said on Wednesday.
City Group is not the majority shareholder of Girona, but the CFCB letter said that if a party “holds 30 per cent or more of the club’s total shares, the shareholders’ or members’ voting or economic rights”, this constitutes “the capacity to exercise a decisive influence in the decision-making of a club”.
In the case of City Group, failure to comply will likely leave Girona — the team that finished the lower of the two in their domestic league — demoted to the Europa League. Caster Semenya said Wednesday's hearing at the European Court of Human Rights into whether the double Olympic champion can be required to lower her testosterone levels to compete was an "important day" as her costly legal marathon entered its last lap. The 33-year-old runner won an earlier round at the ECHR, which last July…
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