Article 5 Integrity of the competition / multi-club ownership - Women's Champions League

5.01

To ensure the integrity of the competition, the following criteria apply:

1. No club participating in the competition may, either directly or indirectly:

   1. hold or deal in the securities or shares of any other club participating in the competition;

   2. be a member of any other club participating in the competition;

   3. be involved in any capacity whatsoever in the management, administration and/or sporting performance of any other club participating in the competition; or

   4. have any power whatsoever in the management, administration and/or sporting performance of any other club participating in the competition.

2. No one may simultaneously be involved, either directly or indirectly, in any capacity whatsoever in the management, administration and/or sporting performance of more than one club participating in the competition.

3. No individual or legal entity may have control or influence over more than one club participating in the competition, such control or influence being defined in this context as:

   1. holding a majority of the shareholders’ voting rights;

   2. having the right to appoint or remove a majority of the members of the administrative, management or supervisory body of the club;

   3. being a shareholder and alone controlling a majority of the shareholders’ voting rights pursuant to an agreement entered into with other shareholders of the club; or

   4. being able to exercise by any means a decisive influence in the decision-making of the club.

5.02

If two or more clubs fail to meet the criteria aimed at ensuring the integrity of the competition, only one of them may be admitted to the competition, in accordance with the following criteria (applicable in descending order):

1. the club which was ranked highest in the domestic championship;

2. the club whose association is ranked highest in the access list (see Annex A).

5.03

Clubs that are not admitted are replaced in accordance with Paragraph 4.09.