Brazil gets first soccer trade law as investor ban makes impact
Investing in the transfer rights of a player with the aim of turning a profit on future trades has been made illegal
Add BT as a preferred source
DeeperDive is a beta AI feature. Refer to full articles for the facts.
Rio de Janeiro
BRAZIL'S soccer authorities have made it illegal to invest in the transfer rights of a player with the aim of turning a profit on future trades, bringing it in line with a global ban that comes into effect in five months.
Investors own a stake in the transfer rights of a majority of Brazilian top division players, leading to concerns that teams could be pressured to move a player to realise gains for speculators.
Share with us your feedback on BT's products and services
TRENDING NOW
Shelving S$5 billion office redevelopment plan proved ‘wise’ as geopolitical risks mount: OCBC chairman
China pips the US if Asean is forced to choose, but analysts warn against reading it like a sports result
Beijing’s calculated silence on the Iran war
Middle East-linked energy supply shocks put Asean Power Grid back in focus
