First Portuguese Football Players Fund Explained
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:
| Date | Name | Nationality | Percentage | Moving from | Moving to | Fee |
|---|
| | Portugal | 16.67% | | The Fund | €6.165M[5] |
| | Guinea–Bissau | 16.67% | | The Fund |
| | Portugal | 16.67% | | The Fund |
| | Portugal | 16.67% | | The Fund |
| | Portugal | 13.33% | | The Fund |
| | Portugal | reported 12.5% | | The Fund |
| | Portugal | reported 10% | | The Fund |
| | Portugal | reported 16.67% | | The Fund |
| | Portugal | reported 1.67% | | The Fund |
| | Brazil | 10% | | The Fund |
| | South Africa | 13.33% | | The Fund |
| | Portugal | reported 10% | The Fund | | reported €2M[6] |
| | Portugal | reported 1.67% | The Fund | | reported €350,000[7] |
| | Portugal | reported 16.67% | The Fund | | reported €500,000[8] |
| | Portugal | reported 12.5% | The Fund | | reported €3.75M[9] |
| | Portugal | 9% | | The Fund | €2.5M[10] |
| | Brazil | 8.5% | | The Fund |
| | Brazil | 2.5% | | The Fund |
| | Portugal | 10% | | The Fund |
| | Greece | 8% | | The Fund |
| | Brazil | 2.5% | The Fund | | Undisclosed |
| | Greece | 8% | The Fund | | €800,000[11] |
| | Brazil | 8.5% | The Fund | | €510,000[12] |
| | Portugal | 16.67% | The Fund | | Undisclosed |
| | Portugal | 13.33% | The Fund | | Undisclosed[13] |
| | South Africa | 13.33% | The Fund | | Undisclosed[14] |
| | Portugal | 10% | The Fund | | Undisclosed |
| | Brazil | 10% | The Fund | | Undisclosed |
| | Portugal | 9% | The Fund | | €1.7M[15] |
| | 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 to | Fee |
|---|
| | Portugal | 25% | | The Fund | €1M |
| | Portugal | Undisclosed | | The Fund | €2.1M |
| | Portugal | Undisclosed | | The Fund |
| | Portugal | Undisclosed | | The Fund |
| | Portugal | Undisclosed | | The Fund |
| | Portugal | Undisclosed | | The Fund |
| | Portugal | 25% | The Fund | | €3.06M[16] |
| | Portugal | Undisclosed | | The Fund | €3.035M |
| | Portugal | Undisclosed | | The Fund |
| | Portugal | Undisclosed | | The Fund |
| | Portugal | Undisclosed | | The Fund |
| | Portugal | reported 35% | | The Fund |
| | Portugal | Undisclosed | | The Fund |
| | Romania | Undisclosed | | The Fund |
| align=right | | | Portugal | 10% | | The Fund | €500,000[17] |
| align=right | | | Portugal | 10% | | The Fund |
| align=right | | | Mozambique | 10% | | The Fund |
| align=right | | | Portugal | 10% | | The Fund |
| | Portugal | | The Fund | | Undisclosed |
| | Portugal | reported 35% | The Fund | | reported €5.25M[18] |
| | Portugal | reported 18% | | The Fund | €1.653M |
| | Portugal | reported 18% | | The Fund |
| | Mozambique | | | The Fund |
| | Portugal | | | The Fund |
| | Portugal | 26.5% | | The Fund |
| | Portugal | Undisclosed | The Fund | | |
| | Portugal | Undisclosed | The Fund | | [19] |
| | Brazil | reported 20% | | The Fund | Undisclosed |
| | Portugal | Undisclosed | The Fund | | Undisclosed |
| | Mozambique | Undisclosed | The Fund | | Undisclosed[20] |
| | Portugal | Undisclosed | The Fund | Reported Free agent | Free |
| | Romania | Undisclosed | The Fund | Reported Free agent | Free |
| | Portugal | Undisclosed | The Fund | | Undisclosed |
| | Portugal | reported 28% | The Fund | | €2,474,603[21] [22] |
| | 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 to | Fee |
|---|
| | Brazil | | | The Fund | |
| | Brazil | | | The Fund | |
| | Cape Verde | | | The Fund | |
| | Brazil | | | The Fund | |
| | Brazil | | | The Fund | |
| | Portugal | | | The Fund | |
| | Portugal | | | The Fund | |
| | Portugal | | | The Fund | |
|
See also
Notes and References
- News: Sociedade Comercial Orey Antunes, SA announces the acquisition of shares of First Portuguese, SGPS, SA. 20 April 2004. 9 November 2010. Sociedade Comercial Orey Antunes S.A.. Published by Portuguese Securities Market Commission. Portuguese.
- News: First Portuguese muda para Orey Financial e alarga actividade para gestão de fundos. 4 July 2005. 9 November 2010. Grupo Orey . Portuguese.
- News: First Portuguese Football Players Fund - Porto valoriza 37,82%. 5 October 2004. 9 November 2010. Grupo Orey. Portuguese.
- Web site: FIFA Regulation on the Status and Transfer of Players (2008 edition). https://web.archive.org/web/20100215041236/http://www.fifa.com/mm/document/affederation/administration/01/06/30/78/statusinhalt_en_122007.pdf. dead. February 15, 2010. October 2007 . 9 November 2010. FIFA.
- News: Futebol Clube do Porto - Futebol, SAD announces joint venture with First Portuguese Football Players Fund, S.A.. 7 January 2004. 9 November 2010. FC Porto. Portuguese.
- News: Futebol Clube do Porto - Futebol, SAD announces the transfer of Paulo Ferreira to Chelsea. 22 June 2004. 9 November 2010. FC Porto. Portuguese. dead. https://web.archive.org/web/20101205172740/http://www.fcporto.pt/IncFCP/PDF/Investor_Relations/FactosRelevantes/VendaPauloFerreira22062004.pdf. 5 December 2010.
- News: Futebol Clube do Porto - Futebol, SAD announces agreement with FC Barcelona over the transfer of Deco . 6 July 2004 . 9 November 2010 . FC Porto . Portuguese . dead . https://web.archive.org/web/20101205172904/http://www.fcporto.pt/IncFCP/PDF/Investor_Relations/FactosRelevantes/VendaDeco060704.pdf . 5 December 2010 .
- News: Futebol Clube do Porto - Futebol, SAD announces acquisition of the sporting rights of Hélder Postiga. 9 July 2004. 9 November 2010. FC Porto. Portuguese.
- News: Futebol Clube do Porto - Futebol, SAD announces the transfer of Ricardo Carvalho. 27 July 2004. 9 November 2010. FC Porto. Portuguese. dead. https://web.archive.org/web/20101205174156/http://www.fcporto.pt/IncFCP/PDF/Investor_Relations/FactosRelevantes/VendaRicardoCarvalho270704.pdf. 5 December 2010.
- News: Futebol Clube do Porto - Futebol, SAD, announces the portfolio renewal with FP Football Players Fund. 29 September 2004. 9 November 2010. FC Porto. Portuguese.
- News: Futebol Clube do Porto - Futebol, SAD announces transfer of player Seitaridis. 23 May 2005. 9 November 2010. FC Porto. Portuguese. dead. https://web.archive.org/web/20101205163619/http://www.fcporto.pt/IncFCP/PDF/Investor_Relations/FactosRelevantes/VendaSeitaridis12052005.pdf. 5 December 2010.
- News: Futebol Clube do Porto - Futebol SAD announces the transfer of player Diego.. 29 May 2006. 9 November 2010. FC Porto. Portuguese.
- News: Ricardo Costa to bolster Wolfsburg defence. 2 July 2007. 9 November 2010. VfL Wolfsburg.
- News: BENNI SIGNS!. 28 July 2007. 9 November 2010. Blackburn Rovers FC.
- News: Futebol Clube do Porto - Futebol, SAD announces agreement to terminate contract with First Portuguese Football Players Fund, SA.. 22 January 2008. 9 November 2010. FC Porto. Portuguese.
- News: Sporting - Sociedade Desportiva de Futebol, SAD announces that sporting rights have been ceded. 20 June 2002. 9 November 2010. Sporting CP. Portuguese Securities Market Commission. Portuguese.
- Web site: Sporting - Sociedade Desportiva de Futebol, SAD - Performance of 2002/2003 (under the terms of Reg. CMVM nº13/2002). 2 December 2002. 9 November 2010. Sporting CP. Portuguese Securities Market Commission. Portuguese.
- News: Sporting - Sociedade Desportiva de Futebol, SAD, announces sale of the sporting rights of the player informa Cristiano Ronaldo. 12 August 2003. 9 November 2010. Sporting CP. Portuguese Securities Market Commission. Portuguese. 3 March 2016. https://web.archive.org/web/20160303194558/http://web3.cmvm.pt/english/sdi2004/emitentes/docs/fsd6380.pdf. dead.
- News: Dinamo deal for Danny. 7 January 2005. 10 November 2010. UEFA.com.
- News: "Paíto" pasa el reconocimiento médico con el Mallorca. 2 June 2006. 9 November 2010. AS. Spanish.
- paid via 1,237,301.5 B share of Sporting Sociedade Desportiva de Futebol, SAD, valued €2 per share
- News: Sporting - Sociedade Desportiva de Futebol SAD makes an announcement.. 15 October 2007. 9 November 2010. Sporting CP. Published by Portuguese Securities Market Commission. Portuguese.
