65:, except that the selling club would keep the aforementioned participation rights, i.e. the rights to 50% of the player's value. Unless the deal was terminated early by mutual agreement between all the parties involved, the two clubs had to agree on whether to renew or terminate the deal at the end of each season. In case they failed to reach an agreement by the league-wide deadline, the issue would be resolved via a blind auction. If the bids happened to be equal, or if none of the clubs submitted one, the full rights to the footballer would go to the club with which the footballer was registered (i.e. the club that acquired the footballer in co-ownership and not the one that kept the participation rights). When a player was under the co-ownership of two teams, he could still be sent on
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clubs own the contract of a player jointly, although the player is only registered to play for one club. It is not a universal system, but is used in some countries, including
Argentina, Chile and Uruguay. It was formerly commonplace in Italy, though the practice has now been abolished there.
85:. Parma acquired Adriano for a reported £4 million in May 2002, with Inter keeping the participation rights. Adriano enjoyed a successful spell at Parma, which resulted in Inter paying a reported £13.5 million to buy out Parma's half share in January 2004.
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to a third side, provided that all the parties involved agreed on the move. The club owning the "rights of participation" was allowed to transfer them to another club, still provided that all the other parties involved agreed.
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For a co-ownership to be set, a player needed to be signed to a team and have at least two years left in their contract. It worked as a regular
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System whereby two football clubs own the contract of a player jointly
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A practical example of this type of deal was when
Brazilian striker
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177:[F.I.G.C. Internal Organizational Regulations]
54:) and were officially known as "participation rights" (
128:Fédération Internationale de Football Association
213:"End of Inter Milan love story nigh for Adriano"
154:"Serie A - Italy bans co-ownership of players"
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100:Third-party ownership in association football
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187:Federazione Italiana Giuoco Calcio
42:Co-ownership deals were common in
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306:Association football terminology
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130:. 27 August 2008. Archived from
95:Transfer (association football)
30:This type of deal differs from
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56:diritti di partecipazione
22:is a system whereby two
120:"Parma sign Paloschi"
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211:(5 January 2009).
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89:See also
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183:figc.it
75:Adriano
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