[GUEST ACCESS MODE: Data is scrambled or limited to provide examples. Make requests using your API key to unlock full data. Check https://lunarcrush.ai/auth for authentication information.]  slbsn [@slbsn](/creator/twitter/slbsn) on x 41.8K followers Created: 2025-07-12 13:18:15 UTC A lot of people are expert in the UEFA endorsed form of blind trust and its superficiality. But for those that aren't experts in this niche, what actually happened was CFG and Ineos agreed a broad range of binding legal changes: - transferred their shares in Girona FC and OGC Nice to independent trustees through a blind trust structure established under the supervision of the CFCB First Chamber. - agreed that the trustees would regularly exchange information with the CFCB First Chamber during the 2024/25 season. This meant: • the effective control and decision-making of those clubs rest solely under control of the trustee; • following the resignation of its board members, CFG/Ineos were no longer represented on the board of directors and had no capacity to directly appoint new directors to the board; • the trustee appointed the new directors to the board; • CFG/Ineos had no ability to influence sporting related decisions; • CFG/Ineos had no ability to influence the club through veto rights or contractual arrangements entered into with other shareholders; • CFG/Ineos were restricted in their ability to provide subsequent financing; • the club’s financial statements were be deconsolidated from the investors’ holding company. Furthermore, as additional evidence of their independence, the concerned clubs committed to the following: • the clubs will not transfer players to each other, whether permanently or on loan, directly or indirectly, from July 2024 until September 2025, with the exception of pre-existing transfer agreements that had been entered into before the opening of the CFCB proceedings; • the clubs will not conclude any kind of cooperation, joint technical or commercial agreements between each other; and • the clubs will not use any joint scouting or player database. XXXXXX engagements  **Related Topics** [girona fc](/topic/girona-fc) [stocks](/topic/stocks) [ineos](/topic/ineos) [cfg](/topic/cfg) [happened](/topic/happened) [uefa](/topic/uefa) [Post Link](https://x.com/slbsn/status/1944023502022975861)
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slbsn @slbsn on x 41.8K followers
Created: 2025-07-12 13:18:15 UTC
A lot of people are expert in the UEFA endorsed form of blind trust and its superficiality. But for those that aren't experts in this niche, what actually happened was CFG and Ineos agreed a broad range of binding legal changes:
- transferred their shares in Girona FC and OGC Nice to independent trustees through a blind trust structure established under the supervision of the CFCB First Chamber.
- agreed that the trustees would regularly exchange information with the CFCB First Chamber during the 2024/25 season.
This meant: • the effective control and decision-making of those clubs rest solely under control of the trustee;
• following the resignation of its board members, CFG/Ineos were no longer represented on the board of directors and had no capacity to directly appoint new directors to the board;
• the trustee appointed the new directors to the board;
• CFG/Ineos had no ability to influence sporting related decisions;
• CFG/Ineos had no ability to influence the club through veto rights or contractual arrangements entered into with other shareholders;
• CFG/Ineos were restricted in their ability to provide subsequent financing;
• the club’s financial statements were be deconsolidated from the investors’ holding company.
Furthermore, as additional evidence of their independence, the concerned clubs committed to the following:
• the clubs will not transfer players to each other, whether permanently or on loan, directly or indirectly, from July 2024 until September 2025, with the exception of pre-existing transfer agreements that had been entered into before the opening of the CFCB proceedings;
• the clubs will not conclude any kind of cooperation, joint technical or commercial agreements between each other; and
• the clubs will not use any joint scouting or player database.
XXXXXX engagements
