Introduction
As the football system continues to evolve, new challenges emerge which are no longer resolved on the pitch, but rather within robust regulatory and legal frameworks. The complexity of the modern football system has not diminished; contrarily, it has intensified, as there is no single path or model capable of guiding or structuring sporting and financial success. Instead, outcomes depend on a plurality of factors that often go beyond a team’s performance on the pitch.
Against this background, multi-club-ownership structures (MCOs) have found a fertile ground for development and proliferation. For definition purposes, an MCO refers to the situation in which two or more football clubs are owned or controlled, directly or indirectly, in full or in part, by the same individual and/or legal entity, thereby forming part of a single ownership or control structure capable of exercising decisive influence over them.
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