UEFA makes new move against third-party ownership (sportbusiness.com)

26/07/2012

UEFA has moved to address the fears of the English Premier League and the French Football League (LFP) regarding the third-party ownership of players by adjusting its financial fair play (FFP) regulations.

Press Association Sport reports that while UEFA has not gone as far as outlawing third-party ownership, it has closed a potential loophole by stating teams cannot use money gained from selling stakes in players to balance their books for FFP purposes. Clubs must also formally declare any split in a player's economic rights.

The latest development comes after UEFA stated in May that it is continuing to investigate initiating a ban preventing players who are subject to third-party ownership agreements from competing in its competitions. UEFA made the announcement following a Professional Football Strategy Council (PFSC) meeting in Munich ahead of the Champions League final. European football’s governing body said further discussion on the topic will take place at the Council’s next meeting in Nyon in September and at future UEFA Executive Committee meetings

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