Just a Commodity

3rd-party ownership should be totally transparent or totally banned

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Porto acquired Falcao for €3.9m from River Plate of Argentina in 2009, and sold  him to Atletico Madrid for €40m euros two seasons ago. As part of his move to the Spanish club, €1.8 — about 5 %of the fee — went to Dutch financial holding company Natland Financieringsmaatschappij BV.  Huh? Yup. A Dutch bank made profit from the transfer of a Colombian striker from a Portuguese club to a Spanish club. Globalization in a nutshell.

Falcao’s agent, Jorge Mendes and Peter Kenyon, former Chelsea chief executive, have also made nice profit from selling their Colombian stallion.  Some barons and oligarchs, who figured out a way to get money from the football world without investing in a team, have also made great profits from the transfers of Falcao.

Nobody really knows how Falcao’s transfers have benefited the bank accounts of the world’s richest because in the murky business of third-party investment funds transparency is a bad word.

Falcao will now join Monaco for about €60m. It’s an odd transfer that will prevent the Colombian striker from playing Champions League football for at least one more year.

Falcao was wanted by the best teams in the world. He could have certainly played for the best teams in the world. However, it won’t be happening for reasons that seem 100% financial.

The “invisible hand” has signed Falcao’s contract at Monaco. I’m not really sure Falcao had a real say about that. Nobody knows if he was pressured to sign a contract with Monaco or who pressured him to do so. There are some very powerful people who bought “Falcao shares” and as shareholders they want to have a say.

There are some serious questions about the purity of this transfer. It seems that the sporting reasons are completely marginalized by the financial reasons.

3rd-party ownership should be totally transparent or totally banned.

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