The first part of our “Unpacking Doyen’s TPO deals” blog series concerns
the agreements signed between Doyen Sports and the Dutch football club FC
Twente. In particular we focus on the so-called Economic Rights Participation Agreement (ERPA) of 25 February 2014. Based on the ERPA we will be able to better
assess how TPO works in practice. To do so, however, it is necessary to explore
FC Twente’s rationale behind recourse to third-party funding. Thus, we will
first provide a short introduction to the recent history of the club and its
precarious financial situation. More...
The football world has been buzzing with
Doyen’s name for a few years now. Yet, in practice very little is known about
the way Doyen Sports (the Doyen entity involved in the
football business) operates. The content of the contracts it signs with clubs
was speculative, as they are subjected to strict confidentiality policies.
Nonetheless, Doyen became a political (and public) scapegoat and is widely
perceived as exemplifying the ‘TPOisation’ of football. This mythical status of
Doyen is also entertained by the firm itself, which has multiplied the (until
now failed) legal actions against FIFA’s TPO ban (on the
ban see our blog symposium here) in a bid to attract attention and to publicly
defend its business model. In short, it has become the mysterious flag bearer
of TPO around the world. Thanks to a new anonymous group, inspired by the WikiLeaks
model, we can now better assess how Doyen Sports truly functions. Since 5 November
someone has been publishing different types of documents involving more or less
directly the work of Doyen in football. These documents are all freely
available at http://footballleaks.livejournal.com/. By doing so, the group has given
us (legal scholars not involved directly in the trade) the opportunity to
finally peruse the contractual structure of a TPO deal offered by Doyen and, as
we purport to show in the coming weeks, to embark upon a journey into Doyen’s
TPO-world. More...