As announced in our December 2014 e-newsletter, following FIFA’s decision to ban Third-Party Ownership (“TPO”) arrangements worldwide, the French Professional Football League (“LFP”) had decided to launch a fact-finding mission with the League 1 and League 2 professional clubs, as well as participants in TPO arrangements, the players’ union, and sports agents who have already dealt with this type of arrangements.
As Chair of the Legal Affairs Commission of the LFP, I filed in late April my report on the hearings conducted on this issue, a report that also contains recommendations for the future.
The professional football industry, a thriving business (increased TV rights, emergence of major sportswear and football equipment suppliers, implementation of new economic models by football clubs through the ownership of stadiums where people can now do many things other than just watching a game, etc.), naturally strives to ensure the integrity and loyalty of sports competitions and events, two fundamentals for the respect and credibility that it is trying to gain and/or maintain on all continents.
In this shifting landscape, a new approach to professional football player contracts has emerged in the past few years: the TPO or Third Party Ownership.
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