20140512_Third-party_Ownership_of_Players_Economic_Rights_02.pdf

20140512_Third-party_Ownership_of_Players_Economic_Rights_02.pdf

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Research on third-party ownership of players economic rights (part II) - Eie č utive Summary 4! _ Centre de droit et d Øconomie du sport contact @cdes.fr 13. rue de Gen ve - 81100 LIMOGES - tel:0555457600/tax :0555451601 F H (:J%S (co.. ot OTi
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Research on third-party ownership of players economic rights (part II) EXECUTIVE SUMMARY 1. INTRODUCTION The FØdØration Internationale de FootbaIl Association (FIFA) mandated the Centre de Droit et d conornie du Sport (CDES) to conduct a study with the alm ot analysing the economic, flnancial and integrity impact ot Third-Party Ownership (TPO) pracces where applicable ori professional tootball clubs, respectively professional football players and the tootball sector In general. The study was conducted in collaboration with the Centre International dEtude do Sport (CIES). In order to facilitate a common understanding amongst relevant stakeholders, it was necessary to establish a denition ot TPO so that related forms and practices could be deany identified, For the purpose ot this study, TPO is defined as: The entitlement to future transfer compensation ot any party other than the two clubs transferning the registration ot players from one to the other, with the exclusion ot the players training clubs as per the solidarity mechanism In accordance with the FIFA Regulations on the Status and Transfer ot Players. Based on this definition, TPO refers to the circumstances in which a third party invests in the economic rights ota professional player and may receive In return a share ot the value o ř any tuture transfer ot the player In question. This new torm ot investment in the football market has become the subject ot debates regarding the potential consequences o ř this source of funding for sporting talent as well as on integrity issues. An analysis o ř the following areas was, particularly, required: Analysis of the consequences o ř TPO for the funding o ř football and flnancial stability. Main dangers idenfied regarding the practice o ř TPO in connection witti questions such as the integrity ot football competitions and the independence ot tootball clubs as well as its impact on professional tootball players. Impact o ř alternative regulatory approaches compared to the current International tramework (le. article lBbis o ř the FIFA Regulations on the Status and Transfer ot Players (hereina ř ter FIFA RSTP). 2 Two major constnaints made it difficult to provide scientifically satistying answers to these demands: A distinct lack o ř intormation regarding TPO. Reliable data Is either insufficient or, in some cases, non-existent (eg. in the case ot domestic trans ř ers and the sums effectively invested by third parties). lmproving information about TPO will be a major challenge in achieving greater overall transparency and eftective regulaUon.
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  • Fall '10
  • Mr.Halpern
  • Economics, TPO, ot TPO, TPO practices

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