Tottenham Hotspur have revealed that they had submitted an agreed deal to sign Porto’s Joao Moutinho before the 11pm deadline, but could not process the transfer due to third-party ownership of the player, according to The Guardian.
The failure to sign Moutinho before the end of the transfer window came as a massive frustration to Spurs manager Andre Villas-Boas who had pinned his hopes on the Portuguese midfielder arriving at the club following the departures of Luka Modric to Real Madrid and Rafeal van der Vaart to Hamburg.
If the transfer had have been completed, Moutinho would have become Tottenham’s record signing after a £20 million fee had been agreed between the clubs. According to reports, Moutinho was also very disappointed not to have joined the North London club as he was desperate to be reunited with his former Porto manager, Villas-Boas.
However, the transfer could not arise as there were complications with third-party ownership of the player. A third-party owner holds 15% of the economic rights of Moutinho.
After a deal had been agreed between Tottenham and Porto, it was then up to Porto to buy out the third party ownership of the player, as Premier League rules state that players within England’s elite division cannot be owned by a third party.
Because an agreed deal sheet had been submitted to the Premier League by 11pm, the Premier League allowed Spurs an extension to complete the deal by midnight. However, the third party owners of Moutinho were reluctant to sell their share of the player and therefore, to the frustration of Tottenham and Moutinho, the 25-year-old remains a Porto player for the time being.
Reportedly, in order to add to what was an already complex transfer, Porto had then gone back on the initial agreed fee for the player and demanded Spurs to pay more for their star player.
This is not the first time that a third party ownership has restricted a Premier League club from signing an international player. Chelsea had agreed a fee with Porto to sign Hulk from the Portuguese club. However, complications with third-party ownership on that occasion meant that Hulk remained a Porto player.
Subsequently, Hulk signed for the Russian Champions Zenit St. Petersburg for €40 million yesterday as the Russian transfer window was still open.
The cases of Hulk and Moutinho perhaps open up a debate within the Premier League as to whether they should come to terms with the fact that third party ownerships are a part of the modern game and in order for the best players to come to the Premier League this may be something the Football Association could relax the rules on.
Third-party ownership does open up unnecessary complications however. This is the reason why the Premier League outlawed third-party ownership at the beginning of the 2008/09 season following the controversial Carlos Tevez affair which saw West Ham United fined a record £5.5 million pounds for technically fielding an ineligible player.
The truth about the Moutinho deal?
posted on 5/9/12
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posted on 5/9/12
Galv I dont post on there but I do speak to Grand and he's supossed to be coming up soon
posted on 5/9/12
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posted on 5/9/12
J.P.B. and his broken laptop COYS (U1059)
this avb / levy debate is getting crazy now.
this is the first argument on here where ive seen people on the same side arguing over how the views should best be expressed
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It's really bizarre mate, I am genuinely mystified...I try to be balanced and criticise where I see fit and praise likewise. There are kneejerk reactions, because we all have so much passion, and drunken nonsense (because some of us are silly enough to come on here when drunk ) but I personally try to take these things back if I feel I've been wrong, and I think we all know the regular posters who don't have any objectivity, don't we?
Funnily enough I picked a 'fight' over this very point a few days ago (when completely drunk) with grandspurs, but happily was given a double 'sunshine' to send me on my way I will apologise to him next time I see him on here (Only a bit mind as he gave as good as he got, and talked almost as much rubbish )
The one appointment I dreaded (purely on hearsay) was AVB. But, since he's come he's impressed me far more than I thought, and just getting to know a bit more about him other than from Cha-avs and the media circus he struck me as someone who deserves our support.
I also supported him, and still do, because Levy appointed him, and I like to think he has learnt a few lessons in his time at Spurs, because despite all the wonderful things he's done he's also made some utterly awful mistakes.
Some things this summer have led me to think he hasn't learned some of the most important lessons, and I will call it as I see it.
Squid is someone I almost always agree with - if not in opinion then at least the way he expresses himself and talks to other people, so I'm not sure what we're disagreeing about (?)
Galv - correct me if I'm wrong, but you're one who wasn't so easily brought around after a similar amount of scepticism about AVB as me (?) And yet here he is, wishing AVB all the best and hoping the team do well. You can't say fairer than that I reckon.
I'm confused
Easily done though to be fair
Squid
posted on 5/9/12
What have i missed here
posted on 5/9/12
squid ..Glass half FULL.. (U1125)
Kimchi mate I have no idea who I was talking too
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Wish I had seen this before my long reply
Fair enough buddy, and we've all got our frustrations - at least it shows our passion (as long as it's not all negative on here and we can discuss but take other points on it's all good for me )
posted on 5/9/12
Paul the Pundit - get on Talksport right now and tell them what's what - Spurs fans tearing strips off each other because we all agree - what a bunch we are
Talk about square pegs and round circles, I mean round squares and circles of pegs...I mean GET ON TALKSPORT NOW YOU MUPPET
And send us the link when you do mate
posted on 5/9/12
ive always thought that there needs to be some sort of spreadsheet system where posters just register their views with a tick in the relevant column.
it was save all this fkn about.
posted on 5/9/12
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posted on 5/9/12
what like we ruined modric?
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yes, he was well below par last year because you ruined him