Damien Comolli Announces Important News for Toulouse Club’s Future

Title: Gerry Cardinale Resigns from Toulouse, Focusing on Milan for Europa League Enrollment

Date: June 9th, 2023

In a recent development, Gerry Cardinale, founder of RedBird and owner of Toulouse, has resigned from his position within the organization chart of the Toulouse board of directors. This decision comes as Toulouse aims to conform to UEFA regulations that prohibit dual ownership in European competitions. The news of Cardinale’s resignation was reported by the French portal “The Violets” and marks a significant step for both Toulouse and Milan.

Cardinale had held his role within the Toulouse board of directors since the summer of 2020, following the club’s purchase. However, with his resignation, Cardinale will now focus solely and exclusively on Milan. This move allows the Italian team to sign up for the next edition of the Europa League, thanks to their victory in the French Cup. Furthermore, Milan will not face any sanctions from UEFA, as Cardinale’s exclusive involvement with the Rossoneri club eliminates the risk of dual ownership.

While awaiting confirmation from UEFA, it is expected that Milan will not face any consequences from the highest continental body, even if anomalies are reported. However, Toulouse remains at risk of elimination from European competitions. UEFA regulations outline criteria to determine which team must forfeit their spot in the European Cups in such scenarios. The hierarchy of European competitions, league standings, and Italy’s higher position in the UEFA ranking all favor Milan in this situation.

Cardinale’s position was scheduled to be examined in Nyon on Monday, and feedback is expected shortly. This development comes as a big relief for Milan, as Cardinale’s inability to own two clubs or participate in the same continental competitions eliminates any potential risks or conflicts of interest.

The article also references Article 5, which Cardinale is attempting to circumvent by separating his functions within Milan and Toulouse. The article emphasizes the importance of maintaining the integrity of UEFA club competitions, including the UEFA Champions League, the UEFA Europa League, and the UEFA Europa Conference League. According to Article 5, no club participating in a UEFA club competition can directly or indirectly hold or deal in the securities or shares of any other participating club. Additionally, a natural person cannot be involved in the management, administration, and/or sporting activities of more than one club participating in a UEFA club competition.

Overall, Gerry Cardinale’s resignation from Toulouse allows Milan to proceed with their enrollment in the Europa League, while Toulouse faces the risk of elimination from European competitions. The final decision rests with UEFA, and Milan remains hopeful that they will not face any consequences.

What implications does Gerry Cardinale’s resignation from Toulouse have for clubs with multiple ownership structures in European competitions?

Resignation resolves any potential conflicts of interest.

With Cardinale’s departure, Toulouse will now have to find a replacement for the vacant board member position. It is reported that Alec Scheiner, one of Cardinale’s right-hand men, will be representing RedBird at Toulouse going forward.

This development not only has implications for Toulouse and Milan, but it also highlights the challenges faced by clubs with multiple ownership structures in European competitions. UEFA regulations are in place to ensure fairness and prevent conflicts of interest, making it necessary for clubs to make adjustments to comply with these rules.

For Milan, Cardinale’s resignation allows them to focus on their upcoming Europa League enrollment. The club’s victory in the French Cup secured their qualification for the tournament, and without any potential conflicts arising from Cardinale’s dual ownership, Milan can proceed without concerns of facing sanctions from UEFA.

Overall, Gerry Cardinale’s resignation from his board member position at Toulouse marks an important step in ensuring compliance with UEFA regulations and allows both Toulouse and Milan to move forward with their respective goals.