First Portuguese Football Players Fund was an investment fund dedicated for football. Unlike Serie A and Premier League , third-party ownership is allowed in Portugal. Clubs sold part of the economic rights of their current players to the fund for cash to re-invest on new signing. Clubs also partnered with the fund to sign new players. It was set up by First Portuguese SGPS S.A., (which in April 2004 was acquired by Grupo Orey to become a major shareholder, via Football Players Funds Management (Cayman) Limited).[ 1] and a year later became Orey Financial.[ 2] The company also set up Football Fund PSV Management BV in 2006 (but never started business) and forest fund as well as other field.
The FC Porto section of the fund increased 37.82% in summer 2004, after Ricardo Carvalho , Paulo Ferreira , Deco and Pedro Mendes were sold by Porto for a total €74 million;[ 3] the Sporting CP and Boavista sections that year, meanwhile, were minus 8.87% and minus 3% respectively.
The fund closed in January 2008 after a new FIFA Regulation on the Status and Transfer of Players came in force on 1 January 2008, which the article 18bis wrote: "No club shall enter into a contract which enables any other party to that contract or any third party to acquire the ability to influence in employment and transfer-related matters its independence, its policies or the performance of its teams."[ 4]
Porto players
The follow transaction were known:
Sporting CP players
Boavista players
References
^ "Sociedade Comercial Orey Antunes, SA announces the acquisition of shares of First Portuguese, SGPS, SA" (PDF) . Sociedade Comercial Orey Antunes S.A. (in Portuguese). Published by Portuguese Securities Market Commission. 20 April 2004. Retrieved 9 November 2010 .
^ "First Portuguese muda para Orey Financial e alarga actividade para gestão de fundos" . Grupo Orey (in Portuguese). 4 July 2005. Retrieved 9 November 2010 .
^ a b c d e f g h i j k l m "First Portuguese Football Players Fund - Porto valoriza 37,82%" (PDF) . Grupo Orey (in Portuguese). 5 October 2004. Retrieved 9 November 2010 .
^ "FIFA Regulation on the Status and Transfer of Players (2008 edition)" (PDF) . FIFA . October 2007. Archived from the original (PDF) on February 15, 2010. Retrieved 9 November 2010 .
^ "Futebol Clube do Porto - Futebol, SAD announces joint venture with First Portuguese Football Players Fund, S.A." (PDF) . FC Porto (in Portuguese). 7 January 2004. Retrieved 9 November 2010 .
^ "Futebol Clube do Porto - Futebol, SAD announces the transfer of Paulo Ferreira to Chelsea" (PDF) . FC Porto (in Portuguese). 22 June 2004. Archived from the original (PDF) on 5 December 2010. Retrieved 9 November 2010 .
^ "Futebol Clube do Porto - Futebol, SAD announces agreement with FC Barcelona over the transfer of Deco" (PDF) . FC Porto (in Portuguese). 6 July 2004. Archived from the original (PDF) on 5 December 2010. Retrieved 9 November 2010 .
^ "Futebol Clube do Porto - Futebol, SAD announces acquisition of the sporting rights of Hélder Postiga" (PDF) . FC Porto (in Portuguese). 9 July 2004. Retrieved 9 November 2010 .
^ "Futebol Clube do Porto - Futebol, SAD announces the transfer of Ricardo Carvalho" (PDF) . FC Porto (in Portuguese). 27 July 2004. Archived from the original (PDF) on 5 December 2010. Retrieved 9 November 2010 .
^ "Futebol Clube do Porto - Futebol, SAD, announces the portfolio renewal with FP Football Players Fund" (PDF) . FC Porto (in Portuguese). 29 September 2004. Retrieved 9 November 2010 .
^ "Futebol Clube do Porto - Futebol, SAD announces transfer of player Seitaridis" (PDF) . FC Porto (in Portuguese). 23 May 2005. Archived from the original (PDF) on 5 December 2010. Retrieved 9 November 2010 .
^ "Futebol Clube do Porto - Futebol SAD announces the transfer of player Diego" (PDF) . FC Porto (in Portuguese). 29 May 2006. Retrieved 9 November 2010 .
^ "Ricardo Costa to bolster Wolfsburg defence" . VfL Wolfsburg . 2 July 2007. Retrieved 9 November 2010 .
^ "BENNI SIGNS!" . Blackburn Rovers FC . 28 July 2007. Retrieved 9 November 2010 .
^ "Futebol Clube do Porto - Futebol, SAD announces agreement to terminate contract with First Portuguese Football Players Fund, SA" (PDF) . FC Porto (in Portuguese). 22 January 2008. Retrieved 9 November 2010 .
^ "Sporting - Sociedade Desportiva de Futebol, SAD announces that sporting rights have been ceded" (PDF) . Sporting CP (in Portuguese). Portuguese Securities Market Commission. 20 June 2002. Retrieved 9 November 2010 .
^ a b "Sporting - Sociedade Desportiva de Futebol, SAD - Performance of 2002/2003 (under the terms of Reg. CMVM nº13/2002)" (PDF) . Sporting CP (in Portuguese). Portuguese Securities Market Commission. 2 December 2002. Retrieved 9 November 2010 .
^ "Sporting - Sociedade Desportiva de Futebol, SAD, announces sale of the sporting rights of the player informa Cristiano Ronaldo" (PDF) . Sporting CP (in Portuguese). Portuguese Securities Market Commission. 12 August 2003. Archived from the original (PDF) on 3 March 2016. Retrieved 9 November 2010 .
^ "Dinamo deal for Danny" . UEFA.com. 7 January 2005. Retrieved 10 November 2010 .
^ " "Paíto" pasa el reconocimiento médico con el Mallorca" . AS (in Spanish). 2 June 2006. Retrieved 9 November 2010 .
^ paid via 1,237,301.5 B share of Sporting Sociedade Desportiva de Futebol, SAD, valued €2 per share
^ "Sporting - Sociedade Desportiva de Futebol SAD makes an announcement" (PDF) . Sporting CP (in Portuguese). Published by Portuguese Securities Market Commission. 15 October 2007. Retrieved 9 November 2010 .
See also