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Contribution Details
| Type | Master's Thesis |
| Scope | Discipline-based scholarship |
| Title | Third Party Ownership in European Football: A Stakeholder Analysis |
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| Institution | University of Zurich |
| Faculty | Faculty of Economics, Business Administration and Information Technology |
| Date | 2016 |
| Abstract Text | This project is aimed to analyse the phenomenon of Third Party Ownership (TPO) in relation to three of the principal stakeholders in professional football: football clubs, external investors and governing bodies. What has been done in the research is to study different sources: indeed, we develop a work that suggests some possible conditions and measures that allow us to understand if it is possible to find a better solution to the dispute around this practice. We will try to achieve all this through the combination between recent and existing literature, economic and legal reports, personal opinions as well as a scientific approach based on a qualitative analysis with various experts having different background and positions linked to football. Indeed, the aim of the project is to develop and evaluate some strategic options to adopt for football clubs (in the long and in the short-term), for external investors and for governing bodies in order to comprehend if a future reintegration of TPO (or other similar forms of clubs’ funding) into the world of football after the FIFA’s ban on the practice make sense or not. What has been found is that there is a current need to redefine the whole transfers system in football (and not the TPO problematic only), fostering transparency at every level and allowing little/medium-sized football clubs to rely on external sources of money in order to respond to the increasing financial needs of managing a team. In this sense, a new regulatory framework as a base of a future football business model would be possibile under certain conditions, which have to be adopted and followed by the three main stakeholders analyzed in our research. The role of investors in football has changed during the last years and they are currently developping new alternative methods of clubs’ funding. The governing bodies (together with all the other agents linked to TPO) has to descover balanced solutions in order to regulate the “third finance” and find out alternative solutions which could better protect the autonomy of football clubs, not hampering them to make use of important financial tools such as TPO. |
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