Introduction[1]

The issue of multi-club ownership (MCO) in football - that is, the acquisition or control of multiple clubs by the same entity, whether a natural or legal person, directly or through an intermediary - dates back to the late 1990s. At the time, an English company listed on the London Stock Exchange, ENIC plc, had acquired a controlling interest in the clubs AEK Athens of Greece, SK Slavia Prague of the Czech Republic, Vicenza Calcio of Italy and FC Basel of Switzerland (and had a minority interest in the Scottish club Glasgow Rangers...

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