SAM ALLARDYCE LOSES JOB AS ENGLAND MANAGER AND MAY FACE FURTHER DISCIPLINARY ACTION

-- What is third party ownership in football (inside story)

FA and Allardyce have mutually agreed to terminate contract.

Gareth Southgate will take charge for next four matches.
FA say their 'priority is to protect the wider interests of the game'.

The Football Association decided that Sam Allardyce had to go as England manager following the revelations in a Daily Telegraph investigation on scandalous statements credited to him. According to the FA,  it is “the guardian of the game” and "he had fallen below the standards expected".

Allardyce’s private apology in talks, and his offer to make a public one, for his ill-judged remarks were not enough to save him after a day of intense discussions. 

His tenure was effectively ended around 4pm with a formal announcement delayed until closer to 8pm once the details were agreed.

Crucially, Allardyce will still face an FA inquiry into the comments he made during the investigation, specifically on third-party ownership and offering advice to businessmen on how to get around the governing body’s rules on transfers.

WHAT IS THIRD PARTY OWNERSHIP IN FOOTBALL

The key aspect of this particular investigation relates to the third-party ownership of individual footballers. But what exactly do we mean by that term? IBTimes UK provides a brief outline of a hugely controversial issue that has previously been likened to a "type of slavery" by former Uefa president Michel Platini ...

Third party ownership in football, or TPO for short, essentially relates to an investor buying a share in a specific player and his economic rights, with the idea that they are entitled to a percentage of the transfer fee when their client is then sold to a new club.

The most famous example of this practice in British football came with Javier Mascherano and Carlos Tevez's respective moves to West Ham United from Brazilian outfit Corinthians in August 2006.

West Ham's 2006 deal for Carlos Tevez and
Javier Mascherano brought the issue
of third party ownership to the Premier League
Getty Images

Such a high-profile double deal came as a massive surprise at the time given that the Argentine international duo were highly sought-after by a number of European football's heavyweight clubs and controversy soon erupted amid confusion over who exactly held ownership of both players.

That ugly saga eventually led to ....


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