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Stock impact report

Landmark Court Ruling Against FIFA Will Change Soccer Business Models [Forbes]

Manchester United Ltd. Class A Ordinary Shares (MANU) 
Last manchester united ltd. class a ordinary shares earnings: 2/25 07:00 am Check Earnings Report
US:NYSE Investor Relations: ir.manutd.com
Company Research Source: Forbes
and FC Lokomotiv Moscow in the capital Moscow, Russia on May 4, 2014. (Photo by Sefa Karacan/Anadolu Agency/Getty Images) Getty Images Soccer player transfer fees have reached record levels in recent years, but following an EU court ruling this month, some are suggesting the transfer market could be dead. The European Court of Justice ruled on Friday in favor of former French international Lassana Diarra, who was arguing FIFA's rules prevented him from joining Belgian club Charleroi after his contract with Russian side Lokomotiv Moscow was terminated in 2014. Diarra's move to Charleroi collapsed as FIFA wouldn't issue the player with an international transfer permit until compensation was paid to Lokomotiv and because FIFA rules could have potentially held Charleroi liable for compensation to Diarra's former club for the termination of his contract “without just cause.” The ruling means FIFA would be unable to use its transfer permit system to prevent players who breach thei Show less Read more
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