Egypt, S.Arabia step up trade ties through coordination council talks    Egypt reviews progress on $200m World Bank-funded waste management hub    Egypt urges Israel to accept Gaza deal amid intensifying fighting    SCZONE showcases investment opportunities to eight Japanese companies    Egypt, ADIB explore strategic partnership in digital healthcare, investment    SCZONE, Tokyo Metropolitan Government sign MoU on green hydrogen cooperation    Egypt welcomes international efforts for peace in Ukraine    Al-Sisi, Macron reaffirm strategic partnership, coordinate on Gaza crisis    Contact Reports Strong 1H-2025 on Financing, Insurance Gains    Egypt, India's BDR Group in talks to establish biologics, cancer drug facility    AUC graduates first cohort of film industry business certificate    Egyptian pound down vs. US dollar at Monday's close – CBE    Egypt's FM, Palestinian PM visit Rafah crossing to review Gaza aid    Egypt prepares unified stance ahead of COP30 in Brazil    Egypt recovers collection of ancient artefacts from Netherlands    Egypt harvests 315,000 cubic metres of rainwater in Sinai as part of flash flood protection measures    Egypt, Namibia explore closer pharmaceutical cooperation    Fitch Ratings: ASEAN Islamic finance set to surpass $1t by 2026-end    Renowned Egyptian novelist Sonallah Ibrahim dies at 88    Egyptian, Ugandan Presidents open business forum to boost trade    Al-Sisi says any party thinking Egypt will neglect water rights is 'completely mistaken'    Egypt's Sisi warns against unilateral Nile measures, reaffirms Egypt's water security stance    Egypt's Sisi, Uganda's Museveni discuss boosting ties    Egypt, Huawei explore healthcare digital transformation cooperation    Egypt's Sisi, Sudan's Idris discuss strategic ties, stability    Egypt to inaugurate Grand Egyptian Museum on 1 November    Greco-Roman rock-cut tombs unearthed in Egypt's Aswan    Egypt reveals heritage e-training portal    Sisi launches new support initiative for families of war, terrorism victims    Egypt expands e-ticketing to 110 heritage sites, adds self-service kiosks at Saqqara    Palm Hills Squash Open debuts with 48 international stars, $250,000 prize pool    On Sport to broadcast Pan Arab Golf Championship for Juniors and Ladies in Egypt    Golf Festival in Cairo to mark Arab Golf Federation's 50th anniversary    Germany among EU's priciest labour markets – official data    Paris Olympic gold '24 medals hit record value    A minute of silence for Egyptian sports    Russia says it's in sync with US, China, Pakistan on Taliban    It's a bit frustrating to draw at home: Real Madrid keeper after Villarreal game    Shoukry reviews with Guterres Egypt's efforts to achieve SDGs, promote human rights    Sudan says countries must cooperate on vaccines    Johnson & Johnson: Second shot boosts antibodies and protection against COVID-19    Egypt to tax bloggers, YouTubers    Egypt's FM asserts importance of stability in Libya, holding elections as scheduled    We mustn't lose touch: Muller after Bayern win in Bundesliga    Egypt records 36 new deaths from Covid-19, highest since mid June    Egypt sells $3 bln US-dollar dominated eurobonds    Gamal Hanafy's ceramic exhibition at Gezira Arts Centre is a must go    Italian Institute Director Davide Scalmani presents activities of the Cairo Institute for ITALIANA.IT platform    







Thank you for reporting!
This image will be automatically disabled when it gets reported by several people.



Euro pro leagues to fight ruling that can allow players to buy out their contracts
Published in Daily News Egypt on 27 - 02 - 2008

LONDON: European pro soccer leagues are fighting the recent ruling that essentially allows some players to buy out their contracts and move to other clubs.
The issue is a top priority for the European Professional Football Leagues, which convened in London on Tuesday to launch its social and economic forum, which involves a series of meetings over the next three years.
As well as transfers, the wide-ranging forum also includes topics such as player agents, issues relating to the European Union, club ownership, betting, the match calendar, marketing and social policies.
There is a constellation of issues, that the EPFL had to tackle, chief executive officer Emanuel Macedo de Medeiros said. Certainly the contractual instability is urgent to be addressed, but we are taking measures to take there of that.
We have a number of ideas, and projects and initiatives and solutions that we want to implement but naturally this will be done in due course following a coherent and constructive strategy.
Scottish defender Andy Webster was the first player to invoke Article 17 of FIFA s player regulations, which allow a player under 28 to end his contract after three years. A player aged over 28 can end his contract after two years.
In January, the Court of Arbitration for Sport ordered Webster and English Premier League club Wigan to pay Scottish side Hearts 150,000 pounds ($298,150; 201.6 million euros) in compensation for the player s breach of contract.
That amount was residual value of the contract Webster had with Hearts before he quit in May 2006 - a year before his contract finished - to join Wigan three months later.
Egypt goalkeeper Essam El Hadary could be the first player to use the Webster ruling to break his contract and switch clubs. He s already training with Swiss team FC Sion, which has offered Al-Ahly $400,000 (270,000 euros) for the player, equivalent to the remaining two years of his salary.
I am concerned with the wider implications of it - if everything is narrowed, limited to the residual value of the contract ... this would create instability which would affect football as a whole, Macedo de Medeiros said. If this creates instability, it should also be noted that it s not just for clubs, it s also for players too.
FIFA is also against the CAS decision.
The EPFL is also keeping an eye on developments between the Spanish soccer federation and world governing body FIFA, which has threatened to ban the country from competing in European competitions. That would be the punishment for any perceived interference by the Spanish government in the Spanish soccer federation.
We have been following the development of the case, Macedo de Medeiros said. We will keep on observing, but not make any contribution to any speculation.
The EPFL was set up in June 2005 and includes 26 leagues across Europe - more than 800 clubs - and also has a consultative role in UEFA.


Clic here to read the story from its source.