- Morgan Sports Law, a firm specialising in sports-related disputes, has agreed a £2 million credit facility with Harbour, the world’s largest privately-owned, dedicated funder of litigation and arbitration.
- This facility will enable Morgan Sports Law to offer a wider range of funding options to their increasingly large client base of professional footballers.
- The law firm plans to offer a “no win, no fee” solution for professional footballers in dispute with their former clubs.
- Founded in 2013 by Mike Morgan, Morgan Sports Law is a pre-eminent firm of choice for the resolution of sports-related disputes.
London, 8th March 2022: Harbour, the world’s largest privately owned third-party funder dedicated to supporting litigation, arbitration, and law firms, has signed a new £2 million credit facility with Morgan Sports Law. This new strategic partnership will enable Morgan Sports Law to offer professional footballers with claims against their former clubs the opportunity to pursue them before the FIFA Dispute Resolution Chamber and the Court of Arbitration for Sport.
All legal fees and disbursements will be funded by the facility, with Morgan Sports Law’s and Harbour’s compensation coming out of the proceeds of successful cases. No fee is payable by the client if the case is unsuccessful. Few firms are offering clients an option to run disputes on full risk, and it is anticipated this innovative new offering will differentiate the firm in a competitive market, and will be welcomed by clients.
Harbour’s Chief Investment Officer Ellora MacPherson said: “As we emerge from the pandemic, law firm leaders are looking at news ways to support their clients. For this, capital investment is often required and Harbour’s expert ability to assess litigation risk means we can provide capital where and in ways traditional lenders cannot. We welcome the opportunity to collaborate with innovative firms like Morgan Sports Law who are using these sorts of funding ventures to support their clients.”
Mike Morgan, Founder of Morgan Sports Law, said: “The firm was set up to protect the rights of athletes. All too often, costs are a barrier for athletes who wish to enforce their rights. Setting up this credit facility, together with Harbour, will offer our football clients the opportunity to enforce their rights and fight claims they otherwise would not be able to. I am grateful to Harbour for working with us to create an athlete-focused solution and look forward to assisting our clients with it.”
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About Morgan Sports Law:
Founded in 2013, Morgan Sports Law is a boutique international sports law firm which specialises in protecting athletes’ rights across a wide range of sports. The firm’s Football Disputes team provides pre-eminent advice to football clients, with unrivalled experience having a combined experience in over 1,000 football arbitrations. The firm has been involved in several landmark cases in which the rights of athletes were at stake, including – for example – the case of Mamadou Sakho.
Harbour is the largest privately owned, dedicated litigation and arbitration funder in the world, having raised over $1.5bn of third-party capital since inception. Established in 2007, Harbour has funded over 130 claims, with arbitrations under 6 arbitral forums and litigation in 14 jurisdictions.
Harbour has been instrumental in building the third-party funding landscape worldwide, campaigning for the introduction of funding in the UK and shaping funding regulations in new global markets. This long-term commitment to funding and a straightforward approach to funding claims, is why leading law firms turn to Harbour when they seek capital to fund high value litigation and arbitration proceedings, or finance their growth strategy.