First Portuguese Football Players Fund

First Portuguese Football Players Fund was a 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 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 Porto section of the fund increased 37.82% in summer 2004, after Carvalho, Ferreira, Deco and Pedro Mendes were sold by F.C. Porto for a total €74M.[3] While the Sporting section was minus 8.87% and Boavista minus 3% that year.

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]

Contents

Porto Players

The follow transaction were known:

Date Name Nationality Percentage Moving from Moving to Fee
200401077 January 2004 Machado, PauloPaulo Machado Portugal 16.67%[3] Porto The Fund €6.165M[5]
200401077 January 2004 Ivanildo, Ivanildo Guinea–Bissau 16.67%[3] Porto The Fund
200401077 January 2004 Vieirinha, Vieirinha Portugal 16.67%[3] Porto The Fund
200401077 January 2004 Almeida, HugoHugo Almeida Portugal 16.67%[3] Porto The Fund
200401077 January 2004 Costa, RicardoRicardo Costa Portugal 13.33%[3] Porto The Fund
200401077 January 2004 Carvalho, RicardoRicardo Carvalho Portugal reported 12.5% Porto The Fund
200401077 January 2004 Ferreira, PauloPaulo Ferreira Portugal reported 10% Porto The Fund
200401077 January 2004 Mendes, PedroPedro Mendes Portugal reported 16.67% Porto The Fund
200401077 January 2004 Deco, Deco Portugal reported 1.67% Porto The Fund
200401077 January 2004 Moraes, BrunoBruno Moraes Brazil 10%[3] Porto The Fund
200401077 January 2004 McCarthy, BenniBenni McCarthy South Africa 13.33%[3] Porto The Fund
2004062222 June 2004 Ferreira, PauloPaulo Ferreira Portugal reported 10% The Fund Chelsea reported €2M[6]
200407066 July 2004 Deco, Deco Portugal reported 1.67% The Fund Barcelona reported €350,000[7]
200407099 July 2004 Mendes, PedroPedro Mendes Portugal reported 16.67% The Fund Tottenham Hotspur reported €0.5M[8]
2004072727 July 2004 Carvalho, RicardoRicardo Carvalho Portugal reported 12.5% The Fund Chelsea reported €3.75M[9]
2004092929 September 2004 Quaresma, RicardoRicardo Quaresma Portugal 9%[3] Porto The Fund €2.5M[10]
2004092929 September 2004 Diego, Diego Brazil 8.5%[3] Porto The Fund
2004092929 September 2004 Carlos Alberto, Carlos Alberto Brazil 2.5%[3] Porto The Fund
2004092929 September 2004 Pepe, Pepe Portugal 10%[3] Porto The Fund
2004092929 September 2004 Seitaridis, GiourkasGiourkas Seitaridis Greece 8%[3] Porto The Fund
2005011717 January 2005 Carlos Alberto, Carlos Alberto Brazil 2.5% The Fund Corinthians Undisclosed
2005052323 May 2005 Seitaridis, GiourkasGiourkas Seitaridis Greece 8% The Fund Dynamo Moscow €0.8M[11]
2006052929 May 2006 Diego, Diego Brazil 8.5% The Fund Werder Bremen €0.51M[12]
2007052121 May 2007 Almeida, HugoHugo Almeida Portugal 16.67% The Fund Werder Bremen Undisclosed
200707022 July 2007 Costa, RicardoRicardo Costa Portugal 13.33% The Fund Wolfsburg Undisclosed[13]
2007072828 July 2007 McCarthy, BenniBenni McCarthy South Africa 13.33% The Fund Blackburn Undisclosed[14]
ca. 2007 Pepe, Pepe Portugal 10% The Fund Porto Undisclosed
ca. 2007 Moraes, BrunoBruno Moraes Brazil 10% The Fund Porto Undisclosed
2008012222 January 2008 Quaresma, RicardoRicardo Quaresma Portugal 9% The Fund Porto €1.7M[15]
2008012222 January 2008 Machado, PauloPaulo Machado Portugal 16.67% The Fund Porto
2008012222 January 2008 Ivanildo, Ivanildo Guinea–Bissau 16.67% The Fund Porto
2008012222 January 2008 Vieirinha, Vieirinha Portugal 16.67% The Fund Porto

Sporting Players

Date Name Nationality Percentage Moving from Moving to Fee
2002013131 January 2002 Viana, HugoHugo Viana Portugal 25% Sporting The Fund €1M
2002013131 January 2002 Quaresma, RicardoRicardo Quaresma Portugal Undisclosed Sporting The Fund €2.1M
2002013131 January 2002 Beto, Beto Portugal Undisclosed Sporting The Fund
2002013131 January 2002 Luís Filipe, Luís Filipe Portugal Undisclosed Sporting The Fund
2002013131 January 2002 Custódio, Custódio Portugal Undisclosed Sporting The Fund
2002013131 January 2002 Cristiano Ronaldo, Cristiano Ronaldo Portugal Undisclosed Sporting The Fund
2002062020 June 2002 Viana, HugoHugo Viana Portugal 25% The Fund Newcastle €3.06M[16]
Quaresma, RicardoRicardo Quaresma Portugal Undisclosed Sporting The Fund €3.035M
Beto, Beto Portugal Undisclosed Sporting The Fund
Luís Filipe, Luís Filipe Portugal Undisclosed Sporting The Fund
Custódio, Custódio Portugal Undisclosed Sporting The Fund
Cristiano Ronaldo, Cristiano Ronaldo Portugal reported 35% Sporting The Fund
Danny, Danny Portugal Undisclosed Sporting The Fund
Niculae, MariusMarius Niculae Romania Undisclosed Sporting The Fund
200304April 2003 Yannick, Yannick Portugal 10% Sporting The Fund €500,000[17]
200304April 2003 Paulo Sérgio, Paulo Sérgio Portugal 10% Sporting The Fund
200304April 2003 Paíto, Paíto Mozambique 10% Sporting The Fund
200304April 2003 Valdir, Valdir Portugal 10% Sporting The Fund
2003071818 July 2003 Quaresma, RicardoRicardo Quaresma Portugal The Fund Barcelona Undisclosed
2003081212 August 2003 Cristiano Ronaldo, Cristiano Ronaldo Portugal reported 35% The Fund Manchester United reported €5.25M[18]
ca. 2003 Yannick, Yannick Portugal reported 18% Sporting The Fund €1.653M[17]
ca. 2003 Paulo Sérgio, Paulo Sérgio Portugal reported 18% Sporting The Fund
ca. 2003 Paíto, Paíto Mozambique Sporting The Fund
ca. 2003 Valdir, Valdir Portugal Sporting The Fund
ca. 2003 Saleiro, CarlosCarlos Saleiro Portugal 26.5% Sporting The Fund
ca. 2004 Luís Filipe, Luís Filipe Portugal Undisclosed The Fund Marítimo
200501077 January 2005 Danny, Danny Portugal Undisclosed The Fund Dynamo Moscow [19]
ca. 2005 Labarthe, MarceloMarcelo Labarthe Brazil reported 20% Sporting The Fund Undisclosed
2006012323 January 2006 Beto, Beto Portugal Undisclosed The Fund Bordeaux Undisclosed
200606022 June 2006 Paíto, Paíto Mozambique Undisclosed The Fund Mallorca Undisclosed[20]
200607011 July 2006 Valdir, Valdir Portugal Undisclosed The Fund Reported Free agent Free
200607011 July 2006 Niculae, MariusMarius Niculae Romania Undisclosed The Fund Reported Free agent Free
200706099 June 2007 Custódio, Custódio Portugal Undisclosed The Fund Dynamo Moscow Undisclosed
2007101515 October 2007 Yannick, Yannick Portugal reported 28% The Fund Sporting €2,474,603[21][22]
2007101515 October 2007 Labarthe, MarceloMarcelo Labarthe Brazil reported 20% The Fund Sporting
2007101515 October 2007 Moutinho, JoãoJoão Moutinho Portugal reported 10% The Fund Sporting
2007101515 October 2007 Saleiro, CarlosCarlos Saleiro Portugal reported 26.5% The Fund Sporting
2007101515 October 2007 Paulo Sérgio, Paulo Sérgio Portugal reported 28% The Fund Sporting

Boavista Players

Date Name Nationality Percentage Moving from Moving to Fee
Luiz Cláudio, Luiz Cláudio Brazil Boavista The Fund
Éder Gaúcho, Éder Gaúcho Brazil Boavista The Fund
Cafu, Cafu Cape Verde Boavista The Fund
Jocivalter, Jocivalter Brazil Boavista The Fund
Yuri, Yuri Brazil Boavista The Fund
Calvino, HelderHelder Calviño Portugal Boavista The Fund
Borges, VitorVítor Borges Portugal Boavista The Fund
João Paulo, João Paulo Portugal Boavista The Fund

References

  1. ^ "Sociedade Comercial Orey Antunes, SA announces the acquisition of shares of First Portuguese, SGPS, SA" (in Portuguese). Sociedade Comercial Orey Antunes S.A. (Published by Portuguese Securities Market Commission). 20 April 2004. http://web3.cmvm.pt/english/sdi2004/emitentes/docs/OCM2477.pdf. Retrieved 9 November 2010. 
  2. ^ "First Portuguese muda para Orey Financial e alarga actividade para gestão de fundos" (in Portuguese). Grupo Orey. 4 July 2005. http://www.orey.com/showpage.php?id=26&cid=87. Retrieved 9 November 2010. 
  3. ^ a b c d e f g h i j k l m "First Portuguese Football Players Fund - Porto valoriza 37,82%" (in Portuguese). Grupo Orey. 5 October 2004. http://www.orey.com/bo/Orey15.pdf. Retrieved 9 November 2010. 
  4. ^ "FIFA Regulation on the Status and Transfer of Players (2008 edition)". FIFA. ca. October 2007. http://www.fifa.com/mm/document/affederation/administration/01/06/30/78/statusinhalt_en_122007.pdf. Retrieved 9 November 2010. 
  5. ^ "Futebol Clube do Porto - Futebol, SAD announces joint venture with First Portuguese Football Players Fund, S.A." (in Portuguese). FC Porto. 7 January 2004. http://www.fcporto.pt/IncFCP/PDF/Investor_Relations/FactosRelevantes/FPGJan2004.pdf. Retrieved 9 November 2010. 
  6. ^ "Futebol Clube do Porto - Futebol, SAD announces the transfer of Paulo Ferreira to Chelsea" (in Portuguese). FC Porto. 22 June 2004. http://www.fcporto.pt/IncFCP/PDF/Investor_Relations/FactosRelevantes/VendaPauloFerreira22062004.pdf. Retrieved 9 November 2010. 
  7. ^ "Futebol Clube do Porto - Futebol, SAD announces agreement with FC Barcelona over the transfer of Deco" (in Portuguese). FC Porto. 6 July 2004. http://www.fcporto.pt/IncFCP/PDF/Investor_Relations/FactosRelevantes/VendaDeco060704.pdf. Retrieved 9 November 2010. 
  8. ^ "Futebol Clube do Porto - Futebol, SAD announces acquisition of the sporting rights of Hélder Postiga" (in Portuguese). FC Porto. 9 July 2004. http://www.fcporto.pt/IncFCP/PDF/Investor_Relations/FactosRelevantes/PostigaPorto_PMendesTottenham_9Jul2004.pdf. Retrieved 9 November 2010. 
  9. ^ "Futebol Clube do Porto - Futebol, SAD announces the transfer of Ricardo Carvalho" (in Portuguese). FC Porto. 27 July 2004. http://www.fcporto.pt/IncFCP/PDF/Investor_Relations/FactosRelevantes/VendaRicardoCarvalho270704.pdf. Retrieved 9 November 2010. 
  10. ^ "Futebol Clube do Porto - Futebol, SAD, announces the portfolio renewal with FP Football Players Fund" (in Portuguese). FC Porto. 29 September 2004. http://www.fcporto.pt/IncFCP/PDF/Investor_Relations/FactosRelevantes/FPGRefInv290904.pdf. Retrieved 9 November 2010. 
  11. ^ "Futebol Clube do Porto - Futebol, SAD announces transfer of player Seitaridis" (in Portuguese). FC Porto. 23 May 2005. http://www.fcporto.pt/IncFCP/PDF/Investor_Relations/FactosRelevantes/VendaSeitaridis12052005.pdf. Retrieved 9 November 2010. 
  12. ^ "Futebol Clube do Porto - Futebol SAD announces the transfer of player Diego." (in Portuguese). FC Porto. 29 May 2006. http://www.fcporto.pt/IncFCP/PDF/Investor_Relations/FactosRelevantes/VendaDiego29Maio06.pdf. Retrieved 9 November 2010. 
  13. ^ "Ricardo Costa to bolster Wolfsburg defence". VfL Wolfsburg. 2 July 2007. http://www.vfl-wolfsburg.de/56776+M528ce865eb0.html. Retrieved 9 November 2010. 
  14. ^ "BENNI SIGNS!". Blackburn Rovers FC. 28 July 2007. http://www.rovers.co.uk/page/NewsDetail/0,,10303~873556,00.html. Retrieved 9 November 2010. 
  15. ^ "Futebol Clube do Porto - Futebol, SAD announces agreement to terminate contract with First Portuguese Football Players Fund, SA." (in Portuguese). FC Porto. 22 January 2008. http://www.fcporto.pt/IncFCP/pdf/Investor_Relations/FactosRelevantes/FimRelacaoFundos22012008.pdf. Retrieved 9 November 2010. 
  16. ^ "Sporting - Sociedade Desportiva de Futebol, SAD announces that sporting rights have been ceded" (in Portuguese). Sporting CP (Portuguese Securities Market Commission). 20 June 2002. http://web3.cmvm.pt/english/sdi2004/emitentes/docs/fsd4462.pdf. Retrieved 9 November 2010. 
  17. ^ a b "Sporting - Sociedade Desportiva de Futebol, SAD - Performance of 2002/2003 (under the terms of Reg. CMVM nº13/2002)" (in Portuguese). Sporting CP. Portuguese Securities Market Commission. 2 December 2002. http://web3.cmvm.pt/english/sdi2004/emitentes/docs/fsd6847.pdf. Retrieved 9 November 2010. 
  18. ^ "Sporting - Sociedade Desportiva de Futebol, SAD, announces sale of the sporting rights of the player informa Cristiano Ronaldo" (in Portuguese). Sporting CP (Portuguese Securities Market Commission). 12 August 2003. http://web3.cmvm.pt/english/sdi2004/emitentes/docs/fsd6380.pdf. Retrieved 9 November 2010. 
  19. ^ "Dinamo deal for Danny". UEFA.com. 7 January 2005. http://www.uefa.com/memberassociations/news/newsid=271932.html#dinamo+deal+danny. Retrieved 10 November 2010. 
  20. ^ ""Paíto" pasa el reconocimiento médico con el Mallorca" (in Spanish). AS. 2 June 2006. http://www.as.com/futbol/articulo/paito-pasa-reconocimiento-medico-mallorca/dasftb/20060602dasdasftb_15/Tes. Retrieved 9 November 2010. 
  21. ^ paid via 1,237,301.5 B share of Sporting Sociedade Desportiva de Futebol, SAD, valued €2 per share
  22. ^ "Sporting - Sociedade Desportiva de Futebol SAD makes an announcement." (in Portuguese). Sporting CP (Published by Portuguese Securities Market Commission). 15 October 2007. http://web3.cmvm.pt/english/sdi2004/emitentes/docs/FR15276.pdf. Retrieved 9 November 2010. 

See also