FIFA to prohibit the control of players via investment funds
Blatter responded positively to Platini’s request and explained that the ruling "would not happen immediately, but would be implemented over a period of transition”.
FIFA will prohibit the control of football players via external companies or investment funds. This practice, common in Europe and South America will be eliminated in the future, commented Sepp Blatter in a press conference held today in Zurich after the Executive Committee meeting.
Blatter announced this "definitive decision", after a full study was carried out by an independent investigative committee, although the implementation will not be carried out with “immediate effect but be introduced over a transitional period of time".
With the outlawing of investment companies owning or part owning football players, the world governing body responded to the petition of UEFA president, Michel Platini, who, back in March at a meeting held in Astana, requested that Blatter "confront this problem once and for all for the benefit of everyone".
"Players don’t belong to their clubs", commented Platini. "As time goes by, they are more commonly property of dubious companies managed by un-known agents or investment funds. Players are not in control of their own careers and are moved around every season to generate revenue for these anonymous individuals who are only interested in the economic side of football", he added.