First Portuguese Football Players Fund

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
7 Jan 2004Paulo MachadoPortugal16.67%[3]PortoThe Fund€6.165M[5]
7 Jan 2004 IvanildoGuinea–Bissau16.67%[3]PortoThe Fund
7 Jan 2004 VieirinhaPortugal16.67%[3]PortoThe Fund
7 Jan 2004Hugo AlmeidaPortugal16.67%[3]PortoThe Fund
7 Jan 2004Ricardo CostaPortugal13.33%[3]PortoThe Fund
7 Jan 2004Ricardo CarvalhoPortugalreported 12.5%PortoThe Fund
7 Jan 2004Paulo FerreiraPortugalreported 10%PortoThe Fund
7 Jan 2004Pedro MendesPortugalreported 16.67%PortoThe Fund
7 Jan 2004 DecoPortugalreported 1.67%PortoThe Fund
7 Jan 2004Bruno MoraesBrazil10%[3]PortoThe Fund
7 Jan 2004Benni McCarthySouth Africa13.33%[3]PortoThe Fund
22 Jun 2004Paulo FerreiraPortugalreported 10%The Fund Chelseareported €2M[6]
6 Jul 2004 DecoPortugalreported 1.67%The Fund Barcelonareported €350,000[7]
9 Jul 2004Pedro MendesPortugalreported 16.67%The Fund Tottenham Hotspurreported €500,000[8]
27 Jul 2004Ricardo CarvalhoPortugalreported 12.5%The Fund Chelseareported €3.75M[9]
29 Sep 2004Ricardo QuaresmaPortugal9%[3]PortoThe Fund€2.5M[10]
29 Sep 2004 DiegoBrazil8.5%[3]PortoThe Fund
29 Sep 2004 Carlos AlbertoBrazil2.5%[3]PortoThe Fund
29 Sep 2004 PepePortugal10%[3]PortoThe Fund
29 Sep 2004Giourkas SeitaridisGreece8%[3]PortoThe Fund
17 Jan 2005 Carlos AlbertoBrazil2.5%The Fund CorinthiansUndisclosed
23 May 2005Giourkas SeitaridisGreece8%The Fund Dynamo Moscow€800,000[11]
29 May 2006 DiegoBrazil8.5%The Fund Werder Bremen€510,000[12]
21 May 2007Hugo AlmeidaPortugal16.67%The Fund Werder BremenUndisclosed
2 Jul 2007Ricardo CostaPortugal13.33%The Fund VfL WolfsburgUndisclosed[13]
28 Jul 2007Benni McCarthySouth Africa13.33%The Fund Blackburn RoversUndisclosed[14]
ca. 2007 PepePortugal10%The FundPortoUndisclosed
ca. 2007Bruno MoraesBrazil10%The FundPortoUndisclosed
22 Jan 2008Ricardo QuaresmaPortugal9%The FundPorto€1.7M[15]
22 Jan 2008Paulo MachadoPortugal16.67%The FundPorto
22 Jan 2008 IvanildoGuinea–Bissau16.67%The FundPorto
22 Jan 2008 VieirinhaPortugal16.67%The FundPorto

Sporting CP players
Date Name Nationality Percentage Moving from Moving to Fee
31 Jan 2002Hugo VianaPortugal25%Sporting CPThe Fund€1M
31 Jan 2002Ricardo QuaresmaPortugalUndisclosedSporting CPThe Fund€2.1M
31 Jan 2002 BetoPortugalUndisclosedSporting CPThe Fund
31 Jan 2002 Luís FilipePortugalUndisclosedSporting CPThe Fund
31 Jan 2002 CustódioPortugalUndisclosedSporting CPThe Fund
31 Jan 2002Cristiano RonaldoPortugalUndisclosedSporting CPThe Fund
20 Jun 2002Hugo VianaPortugal25%The Fund Newcastle United€3.06M[16]
Ricardo QuaresmaPortugalUndisclosedSporting CPThe Fund€3.035M
BetoPortugalUndisclosedSporting CPThe Fund
Luís FilipePortugalUndisclosedSporting CPThe Fund
CustódioPortugalUndisclosedSporting CPThe Fund
Cristiano RonaldoPortugalreported 35%Sporting CPThe Fund
DannyPortugalUndisclosedSporting CPThe Fund
Marius NiculaeRomaniaUndisclosedSporting CPThe Fund
Apr 2003Yannick DjalóPortugal10%Sporting CPThe Fund€500,000[17]
Apr 2003 Paulo SérgioPortugal10%Sporting CPThe Fund
Apr 2003 PaítoMozambique10%Sporting CPThe Fund
Apr 2003 ValdirPortugal10%Sporting CPThe Fund
18 Jul 2003Ricardo QuaresmaPortugalThe Fund BarcelonaUndisclosed
12 Aug 2003Cristiano RonaldoPortugalreported 35%The Fund Manchester Unitedreported €5.25M[18]
ca. 2003Yannick DjalóPortugalreported 18%Sporting CPThe Fund€1.653M[17]
ca. 2003 Paulo SérgioPortugalreported 18%Sporting CPThe Fund
ca. 2003 PaítoMozambiqueSporting CPThe Fund
ca. 2003 ValdirPortugalSporting CPThe Fund
ca. 2003Carlos SaleiroPortugal26.5%Sporting CPThe Fund
ca. 2004 Luís FilipePortugalUndisclosedThe FundMarítimo
7 Jan 2005 DannyPortugalUndisclosedThe Fund Dynamo Moscow[19]
ca. 2005Marcelo LabartheBrazilreported 20%Sporting CPThe FundUndisclosed
23 Jan 2006 BetoPortugalUndisclosedThe Fund BordeauxUndisclosed
2 Jun 2006 PaítoMozambiqueUndisclosedThe Fund MallorcaUndisclosed[20]
1 Jul 2006 ValdirPortugalUndisclosedThe FundReported Free agentFree
1 Jul 2006Marius NiculaeRomaniaUndisclosedThe FundReported Free agentFree
9 Jun 2007 CustódioPortugalUndisclosedThe Fund Dynamo MoscowUndisclosed
15 Oct 2007Yannick DjalóPortugalreported 28%The FundSporting CP€2,474,603[21][22]
15 Oct 2007Marcelo LabartheBrazilreported 20%The FundSporting CP
15 Oct 2007João MoutinhoPortugalreported 10%The FundSporting CP
15 Oct 2007Carlos SaleiroPortugalreported 26.5%The FundSporting CP
15 Oct 2007 Paulo SérgioPortugalreported 28%The FundSporting CP

Boavista players
Date Name Nationality Percentage Moving from Moving to Fee
Luiz CláudioBrazilBoavistaThe Fund
Éder GaúchoBrazilBoavistaThe Fund
CafuCape VerdeBoavistaThe Fund
JocivalterBrazilBoavistaThe Fund
YuriBrazilBoavistaThe Fund
Helder CalviñoPortugalBoavistaThe Fund
Vítor BorgesPortugalBoavistaThe Fund
João PauloPortugalBoavistaThe Fund

References
  1. "Sociedade Comercial Orey Antunes, SA announces the acquisition of shares of First Portuguese, SGPS, SA" (PDF). Sociedade Comercial Orey Antunes S.A. (in Portuguese). Published by Portuguese Securities Market Commission. 20 April 2004. Retrieved 9 November 2010.
  2. "First Portuguese muda para Orey Financial e alarga actividade para gestão de fundos". Grupo Orey (in Portuguese). 4 July 2005. Retrieved 9 November 2010.
  3. "First Portuguese Football Players Fund - Porto valoriza 37,82%" (PDF). Grupo Orey (in Portuguese). 5 October 2004. Retrieved 9 November 2010.
  4. "FIFA Regulation on the Status and Transfer of Players (2008 edition)" (PDF). FIFA. ca. October 2007. Retrieved 9 November 2010. Check date values in: |date= (help)
  5. "Futebol Clube do Porto - Futebol, SAD announces joint venture with First Portuguese Football Players Fund, S.A." (PDF). FC Porto (in Portuguese). 7 January 2004. Retrieved 9 November 2010.
  6. "Futebol Clube do Porto - Futebol, SAD announces the transfer of Paulo Ferreira to Chelsea" (PDF). FC Porto (in Portuguese). 22 June 2004. Archived from the original (PDF) on 5 December 2010. Retrieved 9 November 2010.
  7. "Futebol Clube do Porto - Futebol, SAD announces agreement with FC Barcelona over the transfer of Deco" (PDF). FC Porto (in Portuguese). 6 July 2004. Archived from the original (PDF) on 5 December 2010. Retrieved 9 November 2010.
  8. "Futebol Clube do Porto - Futebol, SAD announces acquisition of the sporting rights of Hélder Postiga" (PDF). FC Porto (in Portuguese). 9 July 2004. Retrieved 9 November 2010.
  9. "Futebol Clube do Porto - Futebol, SAD announces the transfer of Ricardo Carvalho" (PDF). FC Porto (in Portuguese). 27 July 2004. Archived from the original (PDF) on 5 December 2010. Retrieved 9 November 2010.
  10. "Futebol Clube do Porto - Futebol, SAD, announces the portfolio renewal with FP Football Players Fund" (PDF). FC Porto (in Portuguese). 29 September 2004. Retrieved 9 November 2010.
  11. "Futebol Clube do Porto - Futebol, SAD announces transfer of player Seitaridis" (PDF). FC Porto (in Portuguese). 23 May 2005. Archived from the original (PDF) on 5 December 2010. Retrieved 9 November 2010.
  12. "Futebol Clube do Porto - Futebol SAD announces the transfer of player Diego" (PDF). FC Porto (in Portuguese). 29 May 2006. Retrieved 9 November 2010.
  13. "Ricardo Costa to bolster Wolfsburg defence". VfL Wolfsburg. 2 July 2007. Retrieved 9 November 2010.
  14. "BENNI SIGNS!". Blackburn Rovers FC. 28 July 2007. Retrieved 9 November 2010.
  15. "Futebol Clube do Porto - Futebol, SAD announces agreement to terminate contract with First Portuguese Football Players Fund, SA" (PDF). FC Porto (in Portuguese). 22 January 2008. Retrieved 9 November 2010.
  16. "Sporting - Sociedade Desportiva de Futebol, SAD announces that sporting rights have been ceded" (PDF). Sporting CP (in Portuguese). Portuguese Securities Market Commission. 20 June 2002. Retrieved 9 November 2010.
  17. "Sporting - Sociedade Desportiva de Futebol, SAD - Performance of 2002/2003 (under the terms of Reg. CMVM nº13/2002)" (PDF). Sporting CP (in Portuguese). Portuguese Securities Market Commission. 2 December 2002. Retrieved 9 November 2010.
  18. "Sporting - Sociedade Desportiva de Futebol, SAD, announces sale of the sporting rights of the player informa Cristiano Ronaldo" (PDF). Sporting CP (in Portuguese). Portuguese Securities Market Commission. 12 August 2003. Retrieved 9 November 2010.
  19. "Dinamo deal for Danny". UEFA.com. 7 January 2005. Retrieved 10 November 2010.
  20. ""Paíto" pasa el reconocimiento médico con el Mallorca". AS (in Spanish). 2 June 2006. 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" (PDF). Sporting CP (in Portuguese). Published by Portuguese Securities Market Commission. 15 October 2007. Retrieved 9 November 2010.

See also
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