Le Parisien reported that France plans to prohibit multiple ownership of football clubs. According to lawmaker Eric Cockerel on Wednesday, the bill would prohibit the same owner from owning both domestic and foreign football clubs.
In France, business models such as Strasbourg or Lyon may no longer be allowed. On Wednesday, MP Eric Cockerel introduced a cross-party support bill that aims to ban multiple ownership of French professional football clubs. While the sports law has banned the same owner from holding multiple French clubs, the unyielding French party MP wants to go further and prohibit the same owner from owning both French and foreign clubs. Currently, nearly one-third of European football clubs adopt this model.
In France, 10 of the 18 Ligue 1 teams and 7 of the 18 Ligue 1 teams are part of the multiple ownership structure. In July this year, Lyons (owned by Eagle Football Holdings) was nearly demoted to Ligue 2 due to an economic model based on multiple ownership. Last season, the Ligue 2 team Red Stars, owned by the US investment company 777 Partners, declared bankruptcy, resulting in the management of the St. Ou'an Club falling into the hands of creditors, and its future is full of uncertainty.
On the contrary, despite the hostility of its owner BlueCo (which also owns Chelsea), the club has been eligible for the European Cup again after 20 years.
Eric Cochrell's bill proposed plans to impose a fine of 2% of the owner's global turnover for violations of the multiple ownership ban and prohibit him from participating in the competition.
In addition, the bill hopes to expand the authority of the National Bureau of Financial Management Control (DNCG) to ensure the seriousness of any purchase, sale or change of the financial plan of the club shareholders and to reject it if necessary. The text of the bill clearly states that the law will not apply to "already existed" to avoid excessive interference with the current balance of French professional football clubs. Furthermore, the law not only targets football, but covers all sports events governed by the sports law.
Eric Cochrell hopes to use the bill, which has been supported by nearly 90 cross-party members, to submit it to the National Assembly for consideration from the end of 2025 to early 2026. If the bill fails to be discussed in the National Assembly, another possibility is to "common amendment to the bill passed by the Senate", referring to the bill proposed by Senators Savin and Lafon on the organization, management and financing of professional sports, which was passed in the Senate in June last year and submitted to the National Assembly.
source:7m cn vn livescore