Tuesday, December 18, 2012

UEFA urges FIFA to ban 3rd-party ownership stakes of players' transfer rights | Essentials

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UEFA urges FIFA to ban 3rd-party ownership stakes of players' transfer rights

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FIFA has stated it will send a proposal within months to its soccer committee, which is chaired by UEFA President Michel Platini. Third-party ownership allows investors to buy a stake in a user from his club, and capitalize future transfer fees. UEFA thinks the practice misshapes competition as clubs control users they could not otherwise pay for and allows investors to syphon money from the game. The practice is prohibited in some nations, including England and France. It is prominent with Spanish and Portuguese clubs to sponsor South American players.

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Michel Platini

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Country: England

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Country: France

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Organization: UEFA

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Sport: soccer

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