Phoenix Athletics Sports Limited (PASL) has condemned the practice of coaches owning players’ economic rights, describing it as exploitative and harmful to the integrity of football.
In a statement, the company argued that coaches are entrusted with developing and mentoring players, not profiting from their contracts.
It warned that when coaches hold financial stakes in players, it creates a conflict of interest that can influence team selection and career development decisions.
“Many young players lack the resources or legal knowledge to negotiate fairly, leaving them vulnerable to exploitation,” PASL said. “Their careers and dreams must not be subjected to private ownership by those meant to mentor them.”
The sports company pointed out that FIFA’s Article 18 on the Status and Transfer of Players prohibits third-party ownership of players’ economic rights, a regulation designed to prevent corruption and unethical practices in football.
It also cautioned that ignoring these global standards could expose Nigerian football to abuse and undermine fair competition.
“At Phoenix Athletics Sports Limited, we believe coaching is about leadership, mentorship, and trust,” the statement read. “Protecting the rights of players is not only a legal duty but a moral responsibility for all stakeholders in the game.”
The firm reaffirmed its commitment to creating a transparent, player-focused environment where young talents can pursue their careers free from manipulation.
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