TPO funds – The Pay-Day Loans of the football world?
Fifa has agreed to ban the third-party ownership (TPO) of players. It’s the practise that allows clubs to buy players wherein the transfer fee is part-funded by an investment company, which then takes a share in the commercial rights of the player, with the desire for that percentage to turn a handsome profit when the player is sold on. In essence, the fund is using the club as a finishing school for a player to gain in experience and ability, thus increasing his value in the transfer market and proportionately having the same effect on their investment. Some see such practices as reasonable, others as the inevitable and insidious continuing encroachment of financial affairs into the world of football. Continue reading →