Italian clubs will no longer be able to share the ownership of the players verdicts the FIGC
In a historical judgement, the Italian football association (FIGC) decided to abolish the 50% co-ownership rule. Italy was the last main Ai??footballing country in Europe who had this rule prevailed in their rule book.
Italian FootballAi??Association (FIGC) President Giancarlo Abete at a press conference in Rome declared that “In the coming months there will be an evaluation of all the co-ownerships still in place, but it is obvious that this type of procedure is not normal and not in line with the rest of Europe. Co-ownerships will no longer be possible”
“Many times, questions have been raised on this issue regarding public opinion and fiscal problems, highlighting how atypical this practice is on a European and fiscal scale.Not all Serie A clubs were in favour of the move, even though the majority were in agreement.”
He continued Ai??”Those agreements already in existence can still be extended for one more year,”
“From the nextAi??transfer windowAi??onwards, the co-ownership of players will no longer be possible. This has been questioned many times by public opinion and it is also evident that it is atypical compared to the rest of Europe.”
Under the 50% player co-ownership rule, the first condition was that the player whose rights are to be co-owned must be having at least 2 years left in his current contract. A club was able to buy 50% of the players rights, and the Buying team was abided to pay the players wages for one season, after the conclusion of that season, such contract was valid to be extended with both teams consent or either side could buy other side’s rights.
The case of Cirro Mobile is a current example of the complexed nature of this rule. Immobile is co-owned by Italian clubs Juventus and Torino, and both the teams have agreed to sell Immobile this summer.
But the amount expected by the two clubs for the 24 year old Italian’s transfer is completely different, while Borussia Dortmund’s 15 million euro offer seems reasonable to Torino, Juventus is asking about 25 million euro for it, and clubs interested in buying him will have to negotiate with not one but two clubs. If both teams do not come to a common conclusion and Immobile stays in Italy, then the clubs will have the option of extending his contract by one year or to buy other team’s right.
In the last possible scenario, if both teams do not agree to the valuation of the player, then sealed bids will be placed and the club with higher bid amount will have to pay half of the bid amount to the other club to buy the player’s full ownership rights.
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