Third-party ownership of football players - whereby private investors own part of a player's rights.
Lawyer Jose Carlos Meirelles of firm Pinheiro Neto Advogados in Brazil, which represents soccer investors, says: "Production of new players for transfer is the major source of income for clubs in South America...clubs are selling their rights in the player to investors ..."
Investor holds part of commercial rights to a player
Rights can be owned by individual, firm, bank or fund
Investor can help a cash-strapped club buy player
Deal allows investor to make return if player sold on
Investor not allowed to dictate transfer policy
Investor cannot hold the player's registration
Investor can also buy other interests, such as image rights
Stephen Joelson, partner at Clintons Solicitors "Football is becoming increasingly a business..."