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Member since 11/30/2018
Name: Tevfik Arif - thesportsdaily.com
Location: ?stanbul, Türkiye
Website: https://www.nytimes.com/2016/04/06/us/politics/donald-trump-soho-settlement.html
Thanks to TevfikArif’s Doyen, Sports Legal Systems Could Change Soon\r\nTevfikArif’s Doyen Sports Investments Limited has received some great news recently and they have the reason to be satisfied. The investment fund led by Arif and his brother has managed to complete an exhausting legal case against some of the crucial organizations in sports. The fact that made everyone in Doyen Group smile is that they managed to secure a positive outcome.\r\nDoyen Group was established by TevfikArif and members of his family in 2011. One of their most significant subsidiaries is Doyen Sports Investment Limited. When the Turkish businessman founded this company, their desire was to act as financial advisors to clubs and secure loans, as well as participate in the transfer of soccer players around the world.\r\nThey managed to establish themselves as the leading agency in the industry soon. They participated in Neymar’s transfer to Barcelona and many other moves in both Europe and South America. At this moment, the headquarters of Doyen Group led by TevfikArif is located in London and has 30 employees.\r\nWhy Is the Case Important?\r\nThe Brussels Court of Appeal made a decision that domestic course will be authorized for all sporting matters. This occurred on the 28th of August and this decision can affect the entire world of sports. FIFA and UEFA are recognizing CAS – the Court of Arbitration for Sports as relevant for sporting matters, but the new decision emphasizes that enforced arbitration of this court based in Switzerland is not legal.\r\nIf you take a look at the Statute of FIFA, you will find that legal disputes involving players, clubs, confederations, agents, and other parties involved in soccer can only be resolved by CAS. The fact that this could change in the future and domestic courts take the matter into their hands is huge. It also opens a possibility for players and clubs to file a lawsuit against FIFA or UEFA.\r\nWhen Did Everything Start? \r\nDoyen Sports Investment decided to appeal against the FIFA’s decision to ban the private equity funds from owning the rights to soccer players. They asked the court to overrule FIFA’s decision, as well as consider whether Financial Fair Play implemented by UEFA is legal and how legit is CAS. The last one was particularly in focus as it is believed CAS is influenced by reputable international sports organizations.\r\nThe decision made may have a huge effect not only on the future but also for the past. It remains to be seen how this will affect the handling of sports cases, but there is no doubt that changes can come soon. Keep visiting us to find out more news about this case as soon as they are revealed.