Third-party ownership in association football is the ownership of a player's economic rights by third-party sources, such as football agents, sports-management agencies, or other investors. Note that this differs from co-ownership in football, in that system the player's transfer rights are shared with another club.
The involvement of investors in the 'ownership' of players is a common practice in football, particularly in Brazil and Argentina where many clubs are insolvent or financially limited. Businessmen or other investors buy shares in the economic rights of young players and often cover the costs of their training and accommodation. In return they are entitled to a percentage of a player's future transfer fee.
Read more about Third-party Ownership In Association Football: Regulations, Criticism, Defence, See Also
Famous quotes containing the words ownership, association and/or football:
“They had their fortunes to make, everything to gain and nothing to lose. They were schooled in and anxious for debates; forcible in argument; reckless and brilliant. For them it was but a short and natural step from swaying juries in courtroom battles over the ownership of land to swaying constituents in contests for office. For the lawyer, oratory was the escalator that could lift a political candidate to higher ground.”
—Federal Writers’ Project Of The Wor, U.S. public relief program (1935-1943)
“An association of men who will not quarrel with one another is a thing which has never yet existed, from the greatest confederacy of nations down to a town meeting or a vestry.”
—Thomas Jefferson (1743–1826)
“... in the minds of search committees there is the lingering question: Can she manage the football coach?”
—Donna E. Shalala (b. 1941)