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19.04.2018 Football News

FIFA Hand Out Fines For ‘Third Party’ Deals

By FIFA
FIFA Hand Out Fines For Third Party Deals
19.04.2018 LISTEN

FIFA policy on third-party ownership bans either clubs or players from entering into economic rights agreements with third-party investors. Frequently such deals involve outside investors retaining or gaining a share of ownership in a player.

Portugal’s Sporting Lisbon was fined 110,000 Swiss francs (80,123.33 pounds) for “entering into two contracts that enabled the third party to influence the club’s independence as well as for failing to record an existing third-party ownership agreement”.

Another Portuguese club Benfica was fined 150,000 francs for two deals involving third-parties.

Spain’s Rayo Vallecano was fined 55,000 francs for a third-party deal and Celta Vigo was sanctioned 65,000 francs for a deal which FIFA said: “enabled Benfica to influence the club’s independence”.

Qatari club Al Arabi was fined 185,000 francs for several third-party deals and for not entering the correct information in FIFA’s mandatory International Transfer Matching System in the cases of seven transfers.

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