Sir Alex Ferguson slammed Olympic selection policy as "utter chaos" after being told Wayne Rooney was on shortlist but governing body confirms no one will play in both tournaments
Sir Alex Ferguson had branded the selection policy as 'ridiculous' after being told Wayne Rooney, who is likely to feature for England in June despite a two-game ban, was believed to be among 10 Manchester United players on the Team GB shortlist.
An 80-man provisional squad - which also reportedly includes Ryan Giggs - has been drawn up by Stuart Pearce who is set to lead Team GB at the Olympics this summer.
A statement on the FA's website read: "Any player who travels to Euro 2012 with England will not be considered for the Olympic GB Team.
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"The original long list of players was reduced to 80 players last week and a final 18-man squad will be announced very soon, after the Euro squad is selected in May, to assist player and clubs with their planning for next season.
"The list of 80 players does include players who are regulars in the England squad and they remain on the Team GB list until England's Euro 2012 squad is finalised.
"If they are selected for Poland and Ukraine, they will not be available for the Olympics."