RIO DE JANEIRO Nike Air VaporMax Pas Cher , Sept. 27 (Xinhua) -- Brazil's sports ministry has welcomed a move by FIFA to ban third-party ownership of players.
The widespread practice is set to be outlawed within four years, FIFA president Sepp Blatter said on Friday.
The rule change is likely to bring a seismic shift to player negotiations in Brazil, whose local clubs rely on investors to help them buy and sell players.
Toninho Nascimento, the football secretary for Brazil's sports ministry, hailed the move as a potential turning point for the country's domestic scene.
"I think it's a great idea. As long as there is a transition period," Nascimento told the Folha de S.Paulo newspaper.
Santos president Odilio Rodrigues Filho urged the country's top clubs to agree on new rules focused on fiscal responsibility.
"Brazilian clubs need to get together to agree on new market regulations. We need to determine how much we can pay coaches, agents, etc.
"By seeking third-party involvement for economic rights of players, clubs are heading towards bankruptcy."
Sao Paulo president Carlos Miguel Aidar said the consequences of FIFA's move would be felt almost immediately.
"It's the beginning of the end for agents and companies acting as middle-men in football. We are going to see changes in upcoming negotiations," Aidar said.
Lawyer Eduardo Carlezzo warned that clubs were likely to suffer in upcoming transfer windows.
"In the short term, clubs are going to be impacted, especially those that are going through financial crises," Carlezzo said.
"But in the long term it's a positive move. Clubs are going to get 100% of players' fees."
Another lawyer, Lidio Enescu, said clubs would be forced to once again focus on developing their youth academies.
Home > Family > Family BusinessHow To Find The Best Home Mortgage Loan?
Posted by nick_niesen in Home on October 29th, 2010
Once you have found the home of your dreams, you want a dream home mortgage loan in order to pay for it. You also want to find a lender who will pull no punches and surprise you with hidden fees later on in the process. Follow these steps in order to find the best possible home mortgage loan for you.
The first step
There are two basic kinds of home mortgage loan ; an adjustable rate mortgage, which is also known as ARM, and a fixed rate mortgage. When you decide upon a fixed rate home mortgage loan, the principal and interest payments will remain the same for the life of the loan. When you utilize an adjustable rate mortgage, the interest rates can change anytime. How often and when it will change will depend upon the kind of ARM you have, as well as the length of loan. Finding out which type of loan will serve you best will be the first step to take to find mortgage rates you can afford.