HONING THE BEST GAME PLAN
With our roots in the sports and entertainment industries, we support a talented portfolio of UK and international sports and eSports players throughout their careers, from Premier and top European League footballers and managers to European Tour golfers, elite athletes and pro gamers. We also act for a number of industry related businesses, sports management agencies and leisure centres, as well as advising club owners and private investors across a host of sports, including cricket and boxing.
Our sports clients travel the world, whether it’s to further their businesses or train and compete. Many need specialist advice on international tax, FEU, withholding taxes, and social security, along with all-round financial and business management support to ensure all strategic aspects, and relevant personal and corporate tax compliance are covered. We also have substantial expertise on image rights valuations, royalties and tax advice for new contract signings, sponsorship deals and paid television appearances, as well as advising UK and overseas players on international/UK club transfers, alongside transactional support for corporate clients.
PROTECTING YOUR LONG-TERM WEALTH
Earnings for sports professionals at the peak of their careers can be substantial which, for many, happens while they are still relatively young and financially inexperienced. From the impact of competition schedules, illness and injury to world events, incomes can fluctuate considerably over time. We are always thinking ahead to protect our clients’ financial interests, anticipating and asking questions to flag potential issues and solve problems. Whether it’s tax advice on wealth, investments and estate planning or detailed cash flow and income forecasting, we ensure that their wealth is maximised throughout their professional careers and the years beyond.
Not all sports professionals retire completely. Many go on to enjoy successful careers in other related industries, such as sports management, coaching, television presenting, film, digital, premium hospitality and luxury retail. Part of our focus is to guide these clients through all the potential business opportunities they have as their careers evolve. Being specialists in a number of relevant creative sectors, puts us in a unique position to advise on the breadth of opportunities that arise.
Sports and eSports professionals have relatively short careers. Only a few go on to work in management or broadcasting, so it’s important for them to consider wealth planning early on.
Lloyd Quilty | Partner | Creative Division
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