aren't clubs in bankruptcy forbidden from champions league participation?
@s4tch
would be poetic justice for last season to have them banned and roma take their place.
there are still some post covid rules in effect, so the amount of debt is basically irrelevant, the negative equity is tolerated until '27 iirc (not sure about it)
anyway they already received their uefa license from figc:
https://www.figc.it/it/federazione/news/stagione-20242025-rilasciate-le-licenze-uefa-a-16-società-di-serie-a-e-2-di-serie-b/
this can be revoked of course, but needs hard evidence. change of ownership isn't an issue, clubs get traded regularly
based on what i've read, what could be a real problem for them is that every club has to name a company that will guarantee the so called "business continuity", and one can argue that the company named in inda's license request failed to provide that by not repaying the loan the owners took to finance the club. but that's not that evident either as the loan was taken by suning, inda "only" was the collateral
what's funny though is that the company to guarantee inda's business continuity is called grand tower. it was created in 2021 when zhang took the oaktree loan, and is fully owned by an other, then freshly created entity, grand sunshine. (lol) now, grand sunshine is fully owned by great horizon. (lllooooolllllollloolll) then figure this: great horizon is fully owned by suning. and grand tower, registered to an office in luxembourg, allegedly never filed a financial report before this april 29th, and even then they only might have done it as a consequence of some juve related lawyers (jdentitá bianconera) starting to sniff around that company. and they reported earnings of -558m for the 2021 financial year. that's the company that's supposed to provide business continuity for inda.
https://www.northdata.com/Grand+Tower+Sàrl,+Luxembourg/B254942
shady fucks could have been easily relegated if someone decided to finally investigate them