TPO: new FIFA regulations (in force since 01/05/2015) and their consequences (Joëlle Monlouis)

"TPO is used by clubs as a means of funding, either through a loan or through co-ownership, particularly in South America (Brazil, Argentina, and so forth) and, within Europe, mainly in Spain and Portugal. In spite of the risk, the size of the gains actually makes it a very lucrative business for the investment funds which own many promising...