herald

Tuesday 25 July 2017

Red Bull clubs boost

Dietrich Mateschitz
Dietrich Mateschitz

UEFA will reveal more details on the concessions made by Red Bull Leipzig and Red Bull Salzburg to comply with rules banning clubs owned by the same entity from playing in the same competition.

Having initially been told they would not both be able to play in the Champions League next season, the clubs met officials from UEFA's club financial control body (CFCB) last Friday to explain a series of changes they have made to Salzburg's ownership. The finer points of these changes have not yet been made public, but it is understood Red Bull billionaire Dietrich Mateschitz no longer owns the Austrian champions, several Red Bull employees who held management roles at the club have left and Red Bull is now only a sponsor, on reduced financial terms.

These moves were enough to satisfy UEFA that the clubs comply with its Article 5 on the integrity of competitions, although answers to questions about who does now own Salzburg, how much they paid and what Red Bull's sponsorship is worth will have to wait until CFCB's "reasoned decision" is published early next week.

Promoted articles

Entertainment News