Please I need a confirmation on the information I recently received regarding two clubs owned by the same person not allowed to both participate in the UEFA Champions League which means that one club must have to participate and the other club not allowed to.
No. It is good you brought this question because it will educate many of us. This rule against dependence of clubs was adopted around 1998 and towards 2001 it became active. It prevents clubs that are directly owned and financed from one source to participate in EUFA competition.
I think the major reason for such role is to avoid match fixing. Imagine where the one of the two clubs is yet to qualify and they are to play each other, so what will happen in such instance, of course match fixing.