In new transfer regulations published on Tuesday, the Brazilian Football Confederation (CBF) said third-party ownership of footballers will become illegal in the country from May 1.
The CBF has also ordered clubs to declare details of existing contracts, including the names of third-party investors and expiration dates. “As far as I’m concerned it’s the first national association that’s brought in domestically Fifa regulations,” Marcos Motta, a Rio de Janeiro-based lawyer specialising in football transfers, told the Bloomberg news agency.
In September, world football’s governing body agreed to ban TPO following a “transitional period” of three to four years. Fifa last month said that the ban will come into force on May 1. However, existing agreements shall continue to be in place until their contractual expiry, while new agreements made between January 1 and April 30, 2015 will be subject to a time limit of one year maximum.
According to Reuters, Brazilian football is bankrupt, with the top 20 teams owing more than five billion reals (Dh6.9 billion) and clubs and investors say the practice keeps clubs alive by injecting cash into the game.
Anderson, Ramires and Jô are some of the country's players that have once had third-party ownership.
In September, world football’s governing body agreed to ban TPO following a “transitional period” of three to four years. Fifa last month said that the ban will come into force on May 1. However, existing agreements shall continue to be in place until their contractual expiry, while new agreements made between January 1 and April 30, 2015 will be subject to a time limit of one year maximum.
According to Reuters, Brazilian football is bankrupt, with the top 20 teams owing more than five billion reals (Dh6.9 billion) and clubs and investors say the practice keeps clubs alive by injecting cash into the game.
Anderson, Ramires and Jô are some of the country's players that have once had third-party ownership.
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