First Portuguese Football Players Fund was an investment fund dedicated to 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 reinvest in new signings. 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). and a year later became Orey Financial. 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; 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."
Porto players The follow transaction were known:
Date Name Nationality Percentage Moving from Moving toFee Portugal 16.67% Porto The Fund €6.165M Guinea–Bissau 16.67% Porto The Fund Portugal 16.67% Porto The Fund Portugal 16.67% Porto The Fund Portugal 13.33% Porto The Fund Portugal reported 12.5% Porto The Fund Portugal reported 10% Porto The Fund Portugal reported 16.67% Porto The Fund Portugal reported 1.67% Porto The Fund Brazil 10% Porto The Fund South Africa 13.33% Porto The Fund Portugal reported 10% The Fund Chelsea reported €2M Portugal reported 1.67% The Fund Barcelona reported €350,000 Portugal reported 16.67% The Fund Tottenham Hotspur reported €500,000 Portugal reported 12.5% The Fund Chelsea reported €3.75M Portugal 9% Porto The Fund €2.5M Brazil 8.5% Porto The Fund Brazil 2.5% Porto The Fund Portugal 10% Porto The Fund Greece 8% Porto The Fund Brazil 2.5% The Fund Corinthians Undisclosed Greece 8% The Fund Dynamo Moscow €800,000 Brazil 8.5% The Fund Werder Bremen €510,000 Portugal 16.67% The Fund Werder Bremen Undisclosed Portugal 13.33% The Fund VfL Wolfsburg Undisclosed South Africa 13.33% The Fund Blackburn Rovers Undisclosed Portugal 10% The Fund Porto Undisclosed Brazil 10% The Fund Porto Undisclosed Portugal 9% The Fund Porto €1.7M Portugal 16.67% The Fund Porto Guinea–Bissau 16.67% The Fund Porto Portugal 16.67% The Fund Porto
Sporting CP players Date Name Nationality Percentage Moving from Moving toFee Portugal 25% Sporting CP The Fund €1M Portugal Undisclosed Sporting CP The Fund €2.1M Portugal Undisclosed Sporting CP The Fund Portugal Undisclosed Sporting CP The Fund Portugal Undisclosed Sporting CP The Fund Portugal Undisclosed Sporting CP The Fund Portugal 25% The Fund Newcastle United €3.06M Portugal Undisclosed Sporting CP The Fund €3.035M Portugal Undisclosed Sporting CP The Fund Portugal Undisclosed Sporting CP The Fund Portugal Undisclosed Sporting CP The Fund Portugal reported 35% Sporting CP The Fund Portugal Undisclosed Sporting CP The Fund Romania Undisclosed Sporting CP The Fund Portugal 10% Sporting CP The Fund €500,000 Portugal 10% Sporting CP The Fund Mozambique 10% Sporting CP The Fund Portugal 10% Sporting CP The Fund Portugal The Fund Barcelona Undisclosed Portugal reported 35% The Fund Manchester United reported €5.25M Portugal reported 18% Sporting CP The Fund €1.653M Portugal reported 18% Sporting CP The Fund Mozambique Sporting CP The Fund Portugal Sporting CP The Fund Portugal 26.5% Sporting CP The Fund Portugal Undisclosed The Fund Marítimo Portugal Undisclosed The Fund Dynamo Moscow Brazil reported 20% Sporting CP The Fund Undisclosed Portugal Undisclosed The Fund Bordeaux Undisclosed Mozambique Undisclosed The Fund Mallorca Undisclosed Portugal Undisclosed The Fund Reported Free agent Free Romania Undisclosed The Fund Reported Free agent Free Portugal Undisclosed The Fund Dynamo Moscow Undisclosed Portugal reported 28% The Fund Sporting CP €2,474,603paid via 1,237,301.5 B share of Sporting Sociedade Desportiva de Futebol, SAD, valued €2 per share Brazil reported 20% The Fund Sporting CP Portugal reported 10% The Fund Sporting CP Portugal reported 26.5% The Fund Sporting CP Portugal reported 28% The Fund Sporting CP
Boavista players Date Name Nationality Percentage Moving from Moving toFee Brazil Boavista The Fund Brazil Boavista The Fund Cape Verde Boavista The Fund Brazil Boavista The Fund Brazil Boavista The Fund Portugal Boavista The Fund Portugal Boavista The Fund Portugal Boavista The Fund
References
See also Third-party ownership in association football