Key lessons for sports agents, directors & trustees following UK Supreme Court ruling on ‘profits rule’

A recent UK Supreme Court ruling reinforces the standards of duties owed by fiduciaries in relation to unauthorised profits. In a sporting context, a fiduciary would include an agent representing an athlete, director of a business or a trustees.

This article analyses the ruling and provides a checklist that fiduciaries in sport need to be aware of:

• Background to the case and legal issues
• Court decisions
  • First instance and Court of Appeal
  • Arguments before the Supreme Court and decision
• Legal implications
• Application to sport
• Key takeaways