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TUE 02.09.2014 | NEWS

LFP takes part in FIFA session

Javier Tebas was in Zurich for the first working group on third party ownership of footballers' rights.

News

TUE 02.09.2014

The president of the Liga de Fútbol Profesional, Javier Tebas, was in Zurich on Tuesday for the first meeting of the new working group set up to discuss third-party ownership of footballers rights.

The meeting, chaired by England’s Geoff Thompson, chairman of FIFA’s Dispute Resolution Chamber and a member of the FIFA Players’ Status Committee, was attended by the Liga de Fútbol Profesional, as the representative for Spanish football, alongside clubs from England, Portugal and Brazil, as well as other stakeholders in the footballing community of confederations, member associations, clubs and FIFPro.

The purpose of the meeting was to exchange views on the possible options for addressing financial transactions with third parties related to the economic rights of players. Those attending proposed various steps towards transparency, specific requirements and limitations in terms of quality and quantity, or the prohibition of third-party ownership.

The circumstances in which a third party invests in a professional football players’ economic rights to receive part of any future returns have been a point of discussion in the football world.

This working group was set up following the decision made in June by the FIFA Congress to form a group that would analyse all the possible regulatory operations for this complex practice after submitting a series of suggestions that will be taken to the Players’ Status Committee and the FIFA Executive Committee in September.

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