FIFA fines Portugal’s Sporting Lisbon, others for “third-party’’ deals

FIFA logo used to illustrate the story
FIFA logo used to illustrate the story

World football governing body FIFA on Thursday said it has handed out a series of fines to clubs for transfer deals involving “third-party influence.”

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).

The fine was for “entering into two contracts which enabled a 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, while 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 correct information in FIFA’s mandatory International Transfer Matching System in the cases of seven transfers.

(Reuters/NAN)


DOWNLOAD THE PREMIUM TIMES MOBILE APP

Now available on

  Premium Times Android mobile applicationPremium Times iOS mobile applicationPremium Times blackberry mobile applicationPremium Times windows mobile application

TEXT AD: To place a text-based advert here. Call Willie - +2347088095401


All rights reserved. This material and any other material on this platform may not be reproduced, published, broadcast, written or distributed in full or in part, without written permission from PREMIUM TIMES.