The sports industry is increasingly commercialized and globalized. As a result, athletes, coaches, and other stakeholders involved in the sports industry seek professional legal guidance to safeguard their rights and maximize their profits. Sports law is an emerging area of law that is directly interconnected and overlaps with a variety of legal disciplines, such as contract law, employment law, tort and defamation law, corporate law, immigration law, and civil rights. Of privacy.
The assistance of a professional lawyer who has in-depth knowledge of the aforementioned areas of law is essential both for professionals in the sports industry (i.e. athletes, coaches, physiotherapists, etc.) and for other interested parties, such as boards of directors of sports clubs, investors, etc.
investors: Sports are not limited to just playing field regulations, as they are intertwined with society and the economy, especially the entertainment and advertising industries. As a result, sports can be a profitable area of investment, through sponsorship and advertising. On the one hand, sport opened up investment opportunities in areas such as broadcasting rights, which is related to the area of Intellectual Property Law. On the other hand, sports established a new marketing area that develops investment opportunities in areas such as sports club shares, since most sports clubs have become companies.
Athletes, Sports Professionals and Clubs: The continued mobility of athletes and other sports professionals between teams coupled with the complexity of contracts includes a variety of legal concerns. As a result, the legal representation of athletes, sports professionals and clubs is vital. Lawyers can assist you in matters related to contract law, breach of contract, transfers, etc.
Before signing a contract, athletes and other sports professionals should make sure they are aware of the various clauses and provisions. Please note that a contract between a sports professional and a club may be subject to breach. For example, in the event that a sports club in Cyprus does not fulfill its commitment regarding its obligations towards the athlete/sports professional, then the athlete/sports professional can file a claim for redress and/or damages with the courts. of Cyprus or the FIFA Dispute Resolution Chamber. Consequently, the assistance of a professional attorney is necessary.
Competent authority in Cyprus:
The competent authority in Cyprus is the Cyprus Sports Organization (CSO), a semi-governmental organization. According to the Law, the CSO can act as the Supreme Sports Authority in Cyprus.
Why is legal support necessary?
Sports is considered one of the most profitable industries with significant investment opportunities and huge revenue. Therefore, appropriate legal support can help athletes, sports professionals and other interested parties to maximize their benefits and protect their rights. As explained, athletes, sports professionals and other interested parties, before appointing a legal representative in the Republic of Cyprus, should ensure that their lawyer has in-depth knowledge and experience in various areas of law.