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 2004	Paulo Machado	Portugal	16.67% [3]	Porto	The Fund	€6.165M [5]
7 Jan 2004	Ivanildo	Guinea–Bissau	16.67% [3]	Porto	The Fund
7 Jan 2004	Vieirinha	Portugal	16.67% [3]	Porto	The Fund
7 Jan 2004	Hugo Almeida	Portugal	16.67% [3]	Porto	The Fund
7 Jan 2004	Ricardo Costa	Portugal	13.33% [3]	Porto	The Fund
7 Jan 2004	Ricardo Carvalho	Portugal	reported 12.5%	Porto	The Fund
7 Jan 2004	Paulo Ferreira	Portugal	reported 10%	Porto	The Fund
7 Jan 2004	Pedro Mendes	Portugal	reported 16.67%	Porto	The Fund
7 Jan 2004	Deco	Portugal	reported 1.67%	Porto	The Fund
7 Jan 2004	Bruno Moraes	Brazil	10% [3]	Porto	The Fund
7 Jan 2004	Benni McCarthy	South Africa	13.33% [3]	Porto	The Fund
22 Jun 2004	Paulo Ferreira	Portugal	reported 10%	The Fund	Chelsea	reported €2M [6]
6 Jul 2004	Deco	Portugal	reported 1.67%	The Fund	Barcelona	reported €350,000 [7]
9 Jul 2004	Pedro Mendes	Portugal	reported 16.67%	The Fund	Tottenham Hotspur	reported €500,000 [8]
27 Jul 2004	Ricardo Carvalho	Portugal	reported 12.5%	The Fund	Chelsea	reported €3.75M [9]
29 Sep 2004	Ricardo Quaresma	Portugal	9% [3]	Porto	The Fund	€2.5M [10]
29 Sep 2004	Diego	Brazil	8.5% [3]	Porto	The Fund
29 Sep 2004	Carlos Alberto	Brazil	2.5% [3]	Porto	The Fund
29 Sep 2004	Pepe	Portugal	10% [3]	Porto	The Fund
29 Sep 2004	Giourkas Seitaridis	Greece	8% [3]	Porto	The Fund
17 Jan 2005	Carlos Alberto	Brazil	2.5%	The Fund	Corinthians	Undisclosed
23 May 2005	Giourkas Seitaridis	Greece	8%	The Fund	Dynamo Moscow	€800,000 [11]
29 May 2006	Diego	Brazil	8.5%	The Fund	Werder Bremen	€510,000 [12]
21 May 2007	Hugo Almeida	Portugal	16.67%	The Fund	Werder Bremen	Undisclosed
2 Jul 2007	Ricardo Costa	Portugal	13.33%	The Fund	VfL Wolfsburg	Undisclosed [13]
28 Jul 2007	Benni McCarthy	South Africa	13.33%	The Fund	Blackburn Rovers	Undisclosed [14]
ca. 2007	Pepe	Portugal	10%	The Fund	Porto	Undisclosed
ca. 2007	Bruno Moraes	Brazil	10%	The Fund	Porto	Undisclosed
22 Jan 2008	Ricardo Quaresma	Portugal	9%	The Fund	Porto	€1.7M [15]
22 Jan 2008	Paulo Machado	Portugal	16.67%	The Fund	Porto
22 Jan 2008	Ivanildo	Guinea–Bissau	16.67%	The Fund	Porto
22 Jan 2008	Vieirinha	Portugal	16.67%	The Fund	Porto

Sporting CP players

Date	Name	Nationality	Percentage	Moving from	Moving to	Fee
31 Jan 2002	Hugo Viana	Portugal	25%	Sporting CP	The Fund	€1M
31 Jan 2002	Ricardo Quaresma	Portugal	Undisclosed	Sporting CP	The Fund	€2.1M
31 Jan 2002	Beto	Portugal	Undisclosed	Sporting CP	The Fund
31 Jan 2002	Luís Filipe	Portugal	Undisclosed	Sporting CP	The Fund
31 Jan 2002	Custódio	Portugal	Undisclosed	Sporting CP	The Fund
31 Jan 2002	Cristiano Ronaldo	Portugal	Undisclosed	Sporting CP	The Fund
20 Jun 2002	Hugo Viana	Portugal	25%	The Fund	Newcastle United	€3.06M [16]
	Ricardo Quaresma	Portugal	Undisclosed	Sporting CP	The Fund	€3.035M
	Beto	Portugal	Undisclosed	Sporting CP	The Fund
	Luís Filipe	Portugal	Undisclosed	Sporting CP	The Fund
	Custódio	Portugal	Undisclosed	Sporting CP	The Fund
	Cristiano Ronaldo	Portugal	reported 35%	Sporting CP	The Fund
	Danny	Portugal	Undisclosed	Sporting CP	The Fund
	Marius Niculae	Romania	Undisclosed	Sporting CP	The Fund
Apr 2003	Yannick Djaló	Portugal	10%	Sporting CP	The Fund	€500,000 [17]
Apr 2003	Paulo Sérgio	Portugal	10%	Sporting CP	The Fund
Apr 2003	Paíto	Mozambique	10%	Sporting CP	The Fund
Apr 2003	Valdir	Portugal	10%	Sporting CP	The Fund
18 Jul 2003	Ricardo Quaresma	Portugal		The Fund	Barcelona	Undisclosed
12 Aug 2003	Cristiano Ronaldo	Portugal	reported 35%	The Fund	Manchester United	reported €5.25M [18]
ca. 2003	Yannick Djaló	Portugal	reported 18%	Sporting CP	The Fund	€1.653M [17]
ca. 2003	Paulo Sérgio	Portugal	reported 18%	Sporting CP	The Fund
ca. 2003	Paíto	Mozambique		Sporting CP	The Fund
ca. 2003	Valdir	Portugal		Sporting CP	The Fund
ca. 2003	Carlos Saleiro	Portugal	26.5%	Sporting CP	The Fund
ca. 2004	Luís Filipe	Portugal	Undisclosed	The Fund	Marítimo
7 Jan 2005	Danny	Portugal	Undisclosed	The Fund	Dynamo Moscow	[19]
ca. 2005	Marcelo Labarthe	Brazil	reported 20%	Sporting CP	The Fund	Undisclosed
23 Jan 2006	Beto	Portugal	Undisclosed	The Fund	Bordeaux	Undisclosed
2 Jun 2006	Paíto	Mozambique	Undisclosed	The Fund	Mallorca	Undisclosed [20]
1 Jul 2006	Valdir	Portugal	Undisclosed	The Fund	Reported Free agent	Free
1 Jul 2006	Marius Niculae	Romania	Undisclosed	The Fund	Reported Free agent	Free
9 Jun 2007	Custódio	Portugal	Undisclosed	The Fund	Dynamo Moscow	Undisclosed
15 Oct 2007	Yannick Djaló	Portugal	reported 28%	The Fund	Sporting CP	€2,474,603 [21] [22]
15 Oct 2007	Marcelo Labarthe	Brazil	reported 20%	The Fund	Sporting CP
15 Oct 2007	João Moutinho	Portugal	reported 10%	The Fund	Sporting CP
15 Oct 2007	Carlos Saleiro	Portugal	reported 26.5%	The Fund	Sporting CP
15 Oct 2007	Paulo Sérgio	Portugal	reported 28%	The Fund	Sporting CP

Boavista players

Date	Name	Nationality	Percentage	Moving from	Moving to	Fee
	Luiz Cláudio	Brazil		Boavista	The Fund
	Éder Gaúcho	Brazil		Boavista	The Fund
	Cafu	Cape Verde		Boavista	The Fund
	Jocivalter	Brazil		Boavista	The Fund
	Yuri	Brazil		Boavista	The Fund
	Helder Calviño	Portugal		Boavista	The Fund
	Vítor Borges	Portugal		Boavista	The Fund
	João Paulo	Portugal		Boavista	The 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. October 2007. Archived from the original (PDF) on February 15, 2010. Retrieved 9 November 2010.
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. Archived from the original (PDF) on 3 March 2016. Retrieved 9 November 2010.
19. "Dinamo deal for Danny". UEFA. 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

• Third-party ownership in association football