Serdal Adalı: The money for Muçi and Al Musrati transfers goes to the funds, not to Legia and Braga!

Beşiktaş President Serdal Adalı targeted Hasan Arat’s management and the transfers he made.

Beşiktaş President Serdal Adalı targeted Hasan Arat’s management and the transfers he made at a press conference yesterday.

Serdal Adalı stated that the Audit Board’s investigations revealed that 60% of the transfer payments made to Legia Varsava and Braga for Ernest Muçi and Al Musrati were transferred to foreign financial institutions. He continued: “Even though the contract signed with one of these clubs included a clause prohibiting the transfer of receivables to the fund, our former board of directors made a decision to change the relevant clause.

Coincidentally, both of these clubs transferred a significant portion of the transfer fees they were supposed to collect from us to different financial institutions within a week of each other. Our community should not worry; we will monitor this matter to its fullest extent and do whatever is necessary.”

Those who are attacking us without limit during this transfer window think we’ll give up on our involvement and our pursuit of these matters. They want to intimidate us and make us give up. No matter what you do, we won’t let up on these matters. The audit is continuing its investigation, and so are we. This matter is already with the prosecutor’s office. We will pursue whoever violated a single penny of Beşiktaş’s assets.”

It’s being reported that FIFA’s decision will determine whether the practices of Hasan Arat’s management, as revealed by Serdal Adalı at the press conference, fall within the scope of FIFA’s ban on third-party ownership, which has been in effect since April 2015.

What is Third Party Ownership in Football? (Third Party Ownership in Football)

Third Party Ownership (TPO) in football is the ownership of a player’s economic rights by a third-party source. The third party (which could be an agent such as a football manager, a sports agent, a corporation, an institutional entity such as a hedge fund, or a sole investor) “takes ownership of all or part of a player’s financial rights.”

In some cases, when a player is sold, the TPO, not the football club, may benefit from transfer fees and contract negotiation fees.

This method differs from a partnership in football, where a player’s transfer fees are shared between two clubs.

In 2015, FIFA announced a ban on third-party ownership.

In April 2015, FIFA announced a ban on third-party ownership, specifically prohibiting clubs or players from entering into economic rights agreements with third-party investors.

The third-party ownership rights that led to FIFA’s ban were also based on documents published on a website called Football Leaks.

The Football Leaks documents revealed “shady” financial transactions in European professional football and exposed some of the continent’s largest tax evasion and corruption scandals.

The ban came into effect on May 1, 2015. The European Parliament announced a similar ban across European sports on November 11, 2015, following the adoption of Rule 136 of the Rules of Procedure. In a written statement, the European Parliament stated that third-party ownership raises concerns about the integrity of competitions and introduces the risk of criminal activity into the sport.

NationalTurk cracked the football fund code before Football Leaks

Football Leaks, a website founded in 2015, exposed “shady” financial transactions in European professional football and exposed tax frauds employed by some of the continent’s biggest stars through their agents.

According to the documents from Football Leaks, which uncovered “shady” financial transactions in European professional football and exposed the continent’s largest tax evasion and corruption scandals, agent Jorge Mendes violated both FIFA and TFF regulations in transfers made to Beşiktaş between 2010 and 2011. NationalTurk reported the facts seven years ago, in 2011.