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 UEFA 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.
I'm a little confused. Does the ruling state that both teams financed by a single entity couldn't join the UEFA, or will the league allow one of them to join it only? Plus what could be the reason for this ruling in the first place? I don't think there's much effect that it could cause towards the game other than the fact that there would now be more stakes to claim in major football leagues especially since you have more than one team on your payroll.
I don't think the monopoly of team would be a massive problem too, for all I care this will mean that even players from not-so-respected teams could get the chance to payments as good as those in the upper echelon, get brand deals and sponsorships, and be able to finance their lifestyles necessary to fare well in the game. Teams that don't get bought out could sell their slots to more capable ones and give players a better viewing experience, similar to what they are doing in ESports titles like Valorant and League of Legends at the moment.
I don't think there's something wrong with allowing teams financed by a single source into the UEFA really, it doesn't tarnish the reputation of the league in the first place, it allows more people to enjoy the game and more players to show their prowess, and most of all, it's going to keep the game of football alive!