Bioley_19112024

Investment Rating - The report does not provide a specific investment rating for the industry or companies involved. Core Insights - The dispute involves the Belgian Royal Football Association (RBFA) and Swiss sports agent Marc Biolley regarding a contract for organizing a friendly match between the Belgian and Egyptian national teams in Kuwait [8][10]. - RBFA claims that MWF (Matchworld Football S.A.) failed to pay a total of €275,000, which was due under the contract, leading to a formal breach notification and subsequent legal action [21][26]. - The contract stipulated that MWF would pay RBFA a total of €1.1 million, divided into four installments, for organizing the match and acquiring commercial and media rights [17][18]. - MWF argues that RBFA sold rights that did not belong to them, as the broadcasting rights were held by UEFA, which complicated the commercialization of the match [46][49]. Summary by Sections Section 1: Case Facts - The parties involved are RBFA (claimant) and Marc Biolley (respondent), who entered into a contract for a friendly match on August 26, 2022 [8][9]. - The contract included provisions for commercial and media rights, which were to be sold to MWF [10][11]. Section 2: Financial Terms - MWF was obligated to pay RBFA a total of €1.1 million, with specific payment schedules outlined [17][18]. - As of December 12, 2022, RBFA had not received the final payment of €275,000, prompting legal action [21][22]. Section 3: Legal Proceedings - RBFA filed a claim with FIFA's Football Tribunal on July 10, 2023, seeking payment and the revocation of Biolley's agent license [26][28]. - MWF counterclaimed for damages, alleging that RBFA's actions caused significant financial losses, estimated at €1,058,539 [28][49]. Section 4: Tribunal's Considerations - The tribunal confirmed the validity of the contract and the obligations of MWF to pay the outstanding amount [71][72]. - The tribunal ruled that MWF must pay RBFA the overdue amount plus interest, while rejecting MWF's counterclaims [98][100].