Regulations
At its AGM in June 2008 the English Premier League drafted new rules L34 and L35 to outlaw any type of third party ownership of players from the beginning of the 2008-9 season. The league's rule U18 had previously stated that the third parties were not permitted to "materially influence" a club's "policies or the performances of its teams".
In October 2007 it was reported that Football's international governing body, FIFA, was acting to ban 'third-party' ownership. Article 18 of FIFA's Rules on the Status and Transfer of Players does restrict the practice, at least as far as a third party's influence is concerned, stating that: "No club shall enter into a contract which enables any other party to that contract or any third party to acquire the ability to influence in employment and transfer related matters its independence, its policies or the performance of its teams".
Read more about this topic: Third-party Ownership In Association Football
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