Audio By Carbonatix
UEFA and players’ union FIFPro want to strengthen a forthcoming worldwide ban to stop third party investors from owning player transfer rights.
FIFA’s phased-in ban on so-called third-party ownership of players, or TPO, comes into force on May 1.
FIFPro and UEFA said Wednesday they have jointly filed a legal action asking the European Commission to outlaw TPO, too.
The complaint counters an earlier protest against the FIFA ban filed to the commission by the leagues in Spain and Portugal, where the investment model is popular.
"Third-party player ownership is a kind of modern slavery, where you see players belonging to investment funds, or other, generally unidentified, corporate entities," UEFA general secretary Gianni Infantino said in a statement.
FIFPro said the complaint, if successful, will "ensure any potential loopholes and windows for circumvention of the new regulations put forth by FIFA are closed."
TPO is already prohibited in some European countries but has been popular with agents and clubs in Latin America, Spain and Portugal. They say it lets clubs sign players who would otherwise be unaffordable.
The leagues’ complaint argues that FIFA’s ban "violates rules protecting competition," and hurts clubs "with fewer economic resources."
Critics say TPO encourages players to be transferred for profit-taking and threatens football’s integrity.
FIFA agreed to ban the practice after a two-year campaign by UEFA.
-
Latest Stories
-
Can Parliament enforce its own laws?
9 minutes -
ECG announces major transformer upgrade at Batsonaa – see the affected areas
10 minutes -
Ghanaian released after 77 days in Burkinabe detention
18 minutes -
Football Noise, Economic Silence
19 minutes -
Replacing Haruna and Muntaka in Parliament was strategic for Election 2024 – Asiedu Nketia, Osei Kyei-Mensah-Bonsu explain the plot
31 minutes -
Security service recruitment medical results to be released next week – Interior Minister
33 minutes -
Ghana’s tech prodigies set for Geneva after triumphant ‘Robotics for Good’ national qualifiers
45 minutes -
World Bank document shows 27 countries seeking to ensure access to crisis funds
53 minutes -
Mahama says Ghana’s IMF programme was close to derailment before he took over
55 minutes -
Uganda confirms 3 new Ebola cases, bringing total to 5
55 minutes -
Senegal president sacks PM Sonko, dissolves government after months of friction
56 minutes -
Security recruitment medical results to be released next week – Interior Minister
59 minutes -
Mahama rules out IMF ‘kenkey and waakye parties’, takes swipe at erstwhile Akufo-Addo gov’t
1 hour -
Mahama says Ghana’s economy still needs major reforms despite IMF progress
1 hour -
Ghana Card is a critical national asset – Interior Minister
1 hour