FIFA to ban third-party ownership of players
By Brian Homewood
ZURICH (Reuters) - Soccer's governing body FIFA has agreed to ban the third-party ownership (TPO) of players, its president Sepp Blatter said on Friday, seven years after first promising to outlaw the practice.
Blatter said a working group would be set up to implement the ban which would come into effect following "a transitional period".
"We took a firm decision that TPO should be banned but it cannot be banned immediately there will be a transitional period," Blatter told a news conference following a meeting of the executive committee.
The World Players Association FIFPro said they were "delighted" with the decision but were still waiting for details of its implementation.
Blatter's announcement followed pressure from European soccer's governing body UEFA, which had said it would ban TPO unilaterally if FIFA did not act.
TPO is when the transfer rights of players are wholly or partially owned by the footballer himself or a company, instead of just the player's club.
It is widespread in Brazil and Argentina, and is also present in some European countries such as Portugal, but banned in others including England, France and Poland.
FIFA secretary general Jerome Valcke said the working group would decide how long the transitional period would be and would submit a proposal to the next executive committee meeting in December. Continued...