Member Article

Harbour launches new credit facility with Morgan Sports Law

Harbour, the world’s largest privately owned third-party funder dedicated to supporting litigation, arbitration, and law firms, has signed a new £2 million credit facility with Morgan Sports Law. This new strategic partnership will enable Morgan Sports Law to offer professional footballers with claims against their former clubs the opportunity to pursue them before the FIFA Dispute Resolution Chamber and the Court of Arbitration for Sport.

All legal fees and disbursements will be funded by the facility, with Morgan Sports Law’s and Harbour’s compensation coming out of the proceeds of successful cases. No fee is payable by the client if the case is unsuccessful. Few firms are offering clients an option to run disputes on full risk, and it is anticipated this innovative new offering will differentiate the firm in a competitive market, and will be welcomed by clients.

Harbour’s Chief Investment Officer Ellora MacPherson said: “As we emerge from the pandemic, law firm leaders are looking at news ways to support their clients. For this, capital investment is often required and Harbour’s expert ability to assess litigation risk means we can provide capital where and in ways traditional lenders cannot. We welcome the opportunity to collaborate with innovative firms like Morgan Sports Law who are using these sorts of funding ventures to support their clients.”

Mike Morgan, Founder of Morgan Sports Law, said: “The firm was set up to protect the rights of athletes. All too often, costs are a barrier for athletes who wish to enforce their rights. Setting up this credit facility, together with Harbour, will offer our football clients the opportunity to enforce their rights and fight claims they otherwise would not be able to. I am grateful to Harbour for working with us to create an athlete-focused solution and look forward to assisting our clients with it.”

This was posted in Bdaily's Members' News section by Nathan Stennett .