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In this expert legal workshop, sports lawyer Salim Boulos breaks down the rapidly expanding phenomenon of multi-club ownership (MCO) in global football and the serious legal, regulatory, and ethical challenges it creates. The session explores how football has evolved into a global industry and why investment groups now own multiple clubs across different leagues and continents. Using real case studies, the discussion analyzes where current regulations fail and why existing solutions are no longer sufficient. Key topics covered: What multi-club ownership is and how it emerged Early models in Europe and their regulatory limits The Red Bull model: Salzburg, Leipzig, and regulatory workarounds The City Football Group structure and cross-club influence Transfer networks, competitive balance, and conflicts of interest FIFA, UEFA, and AFC regulations on ownership and “decisive influence” Why the concept of “decisive influence” remains legally undefined Temporary compliance solutions vs structural reform The Saudi Public Investment Fund and ownership across domestic and international leagues Asian Champions League eligibility issues and regulatory inconsistencies Risks of match integrity, competitive fairness, and fan disengagement Why current rules cannot scale with modern football investments The session concludes with proposed legal and governance reforms, including: Clear definitions of control and influence Ownership caps and transparency requirements Independent compliance and enforcement mechanisms Long-term regulatory solutions instead of case-by-case fixes This is not a business pitch. It is a legal and regulatory analysis of how global football governance must evolve to preserve competition integrity in the era of multi-club ownership. Recommended for: Sports lawyers, club executives, regulators, investors, compliance professionals, and anyone involved in football governance or sports law.