First Portuguese Football Players Fund
# 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). and a year later became Orey Financial. 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; 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."

## Porto players

The follow transaction were known:

| Date | Name | Nationality | Percentage | Moving from | Moving to | Fee |
| - | - | - | - | - | - | - |
| 7 Jan 2004 | Paulo Machado | Portugal | 16.67% | Porto | The Fund | €6.165M |
| 7 Jan 2004 | Ivanildo | Guinea–Bissau | 16.67% | Porto | The Fund | €6.165M |
| 7 Jan 2004 | Vieirinha | Portugal | 16.67% | Porto | The Fund | €6.165M |
| 7 Jan 2004 | Hugo Almeida | Portugal | 16.67% | Porto | The Fund | €6.165M |
| 7 Jan 2004 | Ricardo Costa | Portugal | 13.33% | Porto | The Fund | €6.165M |
| 7 Jan 2004 | Ricardo Carvalho | Portugal | reported 12.5% | Porto | The Fund | €6.165M |
| 7 Jan 2004 | Paulo Ferreira | Portugal | reported 10% | Porto | The Fund | €6.165M |
| 7 Jan 2004 | Pedro Mendes | Portugal | reported 16.67% | Porto | The Fund | €6.165M |
| 7 Jan 2004 | Deco | Portugal | reported 1.67% | Porto | The Fund | €6.165M |
| 7 Jan 2004 | Bruno Moraes | Brazil | 10% | Porto | The Fund | €6.165M |
| 7 Jan 2004 | Benni McCarthy | South Africa | 13.33% | Porto | The Fund | €6.165M |
| 22 Jun 2004 | Paulo Ferreira | Portugal | reported 10% | The Fund | Chelsea | reported €2M |
| 6 Jul 2004 | Deco | Portugal | reported 1.67% | The Fund | Barcelona | reported €350,000 |
| 9 Jul 2004 | Pedro Mendes | Portugal | reported 16.67% | The Fund | Tottenham Hotspur | reported €500,000 |
| 27 Jul 2004 | Ricardo Carvalho | Portugal | reported 12.5% | The Fund | Chelsea | reported €3.75M |
| 29 Sep 2004 | Ricardo Quaresma | Portugal | 9% | Porto | The Fund | €2.5M |
| 29 Sep 2004 | Diego | Brazil | 8.5% | Porto | The Fund | €2.5M |
| 29 Sep 2004 | Carlos Alberto | Brazil | 2.5% | Porto | The Fund | €2.5M |
| 29 Sep 2004 | Pepe | Portugal | 10% | Porto | The Fund | €2.5M |
| 29 Sep 2004 | Giourkas Seitaridis | Greece | 8% | Porto | The Fund | €2.5M |
| 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 |
| 29 May 2006 | Diego | Brazil | 8.5% | The Fund | Werder Bremen | €510,000 |
| 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 |
| 28 Jul 2007 | Benni McCarthy | South Africa | 13.33% | The Fund | Blackburn Rovers | Undisclosed |
| 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 |
| 22 Jan 2008 | Paulo Machado | Portugal | 16.67% | The Fund | Porto | €1.7M |
| 22 Jan 2008 | Ivanildo | Guinea–Bissau | 16.67% | The Fund | Porto | €1.7M |
| 22 Jan 2008 | Vieirinha | Portugal | 16.67% | The Fund | Porto | €1.7M |

## 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 | €2.1M |
| 31 Jan 2002 | Luís Filipe | Portugal | Undisclosed | Sporting CP | The Fund | €2.1M |
| 31 Jan 2002 | Custódio | Portugal | Undisclosed | Sporting CP | The Fund | €2.1M |
| 31 Jan 2002 | Cristiano Ronaldo | Portugal | Undisclosed | Sporting CP | The Fund | €2.1M |
| 20 Jun 2002 | Hugo Viana | Portugal | 25% | The Fund | Newcastle United | €3.06M |
| | Ricardo Quaresma | Portugal | Undisclosed | Sporting CP | The Fund | €3.035M |
| | Beto | Portugal | Undisclosed | Sporting CP | The Fund | €3.035M |
| | Luís Filipe | Portugal | Undisclosed | Sporting CP | The Fund | €3.035M |
| | Custódio | Portugal | Undisclosed | Sporting CP | The Fund | €3.035M |
| | Cristiano Ronaldo | Portugal | reported 35% | Sporting CP | The Fund | €3.035M |
| | Danny | Portugal | Undisclosed | Sporting CP | The Fund | €3.035M |
| | Marius Niculae | Romania | Undisclosed | Sporting CP | The Fund | €3.035M |
| Apr 2003 | Yannick Djaló | Portugal | 10% | Sporting CP | The Fund | €500,000 |
| Apr 2003 | Paulo Sérgio | Portugal | 10% | Sporting CP | The Fund | €500,000 |
| Apr 2003 | Paíto | Mozambique | 10% | Sporting CP | The Fund | €500,000 |
| Apr 2003 | Valdir | Portugal | 10% | Sporting CP | The Fund | €500,000 |
| 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 |
| ca. 2003 | Yannick Djaló | Portugal | reported 18% | Sporting CP | The Fund | €1.653M |
| ca. 2003 | Paulo Sérgio | Portugal | reported 18% | Sporting CP | The Fund | €1.653M |
| ca. 2003 | Paíto | Mozambique | | Sporting CP | The Fund | €1.653M |
| ca. 2003 | Valdir | Portugal | | Sporting CP | The Fund | €1.653M |
| ca. 2003 | Carlos Saleiro | Portugal | 26.5% | Sporting CP | The Fund | €1.653M |
| ca. 2004 | Luís Filipe | Portugal | Undisclosed | The Fund | Marítimo | |
| 7 Jan 2005 | Danny | Portugal | Undisclosed | The Fund | Dynamo Moscow | |
| 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 |
| 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 |
| 15 Oct 2007 | Marcelo Labarthe | Brazil | reported 20% | The Fund | Sporting CP | €2,474,603 |
| 15 Oct 2007 | João Moutinho | Portugal | reported 10% | The Fund | Sporting CP | €2,474,603 |
| 15 Oct 2007 | Carlos Saleiro | Portugal | reported 26.5% | The Fund | Sporting CP | €2,474,603 |
| 15 Oct 2007 | Paulo Sérgio | Portugal | reported 28% | The Fund | Sporting CP | €2,474,603 |

## Boavista players

| Name | Nationality | Moving from | Moving to |
| - | - | - | - |
| 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 |
