Danish case illustrates the potential difficulties of imposing regulations on foreign ownership for European clubs
Alamy | Brøndby stadium
The Danish FA has surrendered most of its legal competencies to the league administration (Divisionsforeningen) which could allow clubs to administer possible regulations on foreign ownership themselves in the future.
The UEFA Disciplinary Committee should sanction transfers of legal competencies from FAs to the leagues - which would otherwise be illegal.
Why it matters: It seems as if clubs and leagues won’t be able to impose potential regulations on foreign ownership given the EU rights of free movement of capital and the Companies Act.
The perspective: Former General Secretary of the Danish FA Jim Stjerne Hansen fears that dubious foreign investors will be able set the agenda for the development of European (and Danish) football in the future.
25 March 2022 - 1:00 PM
Just a few weeks ago Fremad Amager, one of the oldest clubs in Danish football history, were hours away from bankruptcy after an American investor group, spearheaded by Josh Wallace - a self-proclaimed tech billionaire with a dubious past in the cannabis business and a criminal record for tax fraud and deception - left the club in financial dire straits and unable to meet their financial obligations or pay player wages.
The Copenhagen-based club, which has otherwise fostered am
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