Everton manager David Moyes has revealed his dislike of third-party transfers after he failed to secure the services of Manuel Fernandes.
The Portuguese midfielder had spent a successful loan spell at Everton last season and it was expected Fernandes would move to Goodison Park in the summer transfer window after undergoing a medical, but he instead opted to join Valencia.
Everton offered £6million for a 50 per cent stake in Fernandes, who was owned by a third-party company, and they then increased to £12m for a complete buyout.
But Valencia offered £10m for 50 per cent at the last minute, and Fernandes moved to the Mestalla.
Moyes has now expressed his dislike of third-party deals, which are the type that landed West Ham in trouble following the signings of the Argentine duo Javier Mascherano and Carlos Tevez.
"I do not think many people are very keen on third-party ownership," said Moyes. "We want money to be in the game and go through the clubs, not outside the game."
Third-party deals are not forbidden in the English game and many Premier League clubs have players under such deals, but Moyes is reluctant to participate in such negotiations.
"We are disappointed the Manuel Fernandes move did not work out," Moyes added.
"But I believe we have a very good system here and maybe we should make sure we abide by it very strongly.
"There are very few people in football who would want other people to be owning players.
"It is very big in South America but something we do not do here. If that is the case, we should all stick to the rules."