Fifa to put a stop to third-party ownership of players’ economic rights

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MUMBAI: Chaired by Fifa president Blatter, the Fifa Executive Committee held a two-day meeting, the third of theyear, at the home of soccer’s governing body in Zurich.The meeting started with a tribute to former Fifa senior VP Julio Humberto Grondona, who passed away on 30 July.

In order to protect the integrity of the game and the players, the Executive Committee took the decision of general principle thatthird-party ownership of players’ economic rights (TPO) shall be banned with a transitional period.

The matter is now back in the hands of the TPO working group, under the chairmanship of Geoff Thompson, for the relevant technical regulations to be drafted.

The draft will be submitted to the Players’ Status Committee and then to the Executive Committee for approval.Regarding the current proceedings of the independent Ethics Committee in relation to the awarding of the 2018 and 2022

FIFA World Cups, the executive welcomed the recent information from the chairman of the adjudicatory chamber, Hans-Joachim Eckert, confirming that a first public statement of the committee’s position with regard to the report of the investigatory chamber is likely tobe made at the beginning of November.

The executive also demanded that the principle of confidentiality be respected, in accordance with the provisions of the Code of Ethics.

http://www.televisionpost.com/news/fifa-to-put-a-stop-to-third-party-ownership-of-players-economic-rights/
 
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