Manchester United sister club to be sold due to huge cut in TV rights

As reported by The Independent, INEOS, the minority owner of Manchester United, is considering selling its sister club, OGC Nice. This move comes as both clubs face regulatory challenges from UEFA regarding dual ownership and competition eligibility in European tournaments.

When INEOS purchased a 27.7% share in Manchester United earlier this year, they made it clear they intended to make big changes to the team. The chairman of INEOS, Jim Ratcliffe, is committed to making Manchester United the dominant power in English football once again. Nevertheless, to revitalise the team and their facilities at Old Trafford, this goal calls for a significant amount of work and funding.

It is anticipated that UEFA would give Manchester United and Nice a one-season transition time so they may play in the Europa League in the near future. As a temporary measure, Nice will probably be put in a “blind trust,” a tactic that has been used in the past to resolve ownership disputes, notably RedBird Capital’s concurrent ownership of Toulouse and AC Milan during the previous season. UEFA has clarified, nevertheless, that this workaround will only be allowed for the 2024–2025 season, with more stringent rules expected for 2025–2026.

INEOS looking to sell Manchester United sister club OGC Nice

One of the main reasons INEOS is willing to sell Nice is the regulatory pressure. The unstable condition of the domestic broadcast rights market for Ligue 1 is an additional complicating factor. Since no broadcaster has acquired the rights as of yet, revenue projections have significantly decreased from possible transactions worth €1 billion to about €500 million.

For Nice and other French clubs, the unresolved broadcasting arrangement creates more financial uncertainty.

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