The 20th February 2014 could well be a watershed day for Formula One (“F1”). On that day, an English High Court judge (Newey J) found that Bernie Ecclestone, established supremo of F1 since the 1970s, had successfully defended a civil claim for $140m from Constantin, a German media company, following the sale of F1 to CVC Capital Partners (“CVC”), a private equity company, in 2006.
In this article, Paul Greene examines the ramifications of the Chicago office of the National Labor Relations Board’s recent finding that football scholars attending Northwestern University are employees of the University for the purposes of the National Labor Relations Act, and in particular the potential consequences for the National Collegiate Athletic Association.
Much has already been written about the third party ownership of footballers ("TPO"), both positive and negative. Its prevalence has been a cause for concern in Europe, highlighted in the European Commission report on 'The Economic and Legal Aspects of the Transfers of Players'.
In terms of sporting mega events, 2014 promises to be quite a year. It begins in February with the Olympic Winter Games in Sochi, is followed by the FIFA World Cup in Brazil in June and finishes with the Commonwealth Games in Glasgow in July, a spectacular schedule in terms of major global sporting festivals occurring so close together.
In view of the recent allegations of match fixing in English domestic leagues (which are dealt with well by Nick Di Marco here), it is worth considering what mechanisms the authorities may have for recovering the financial gains of sportsmen and the criminals involved in match fixing, spot fixing, or indeed any other manner of crime.