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Game (Almost) Over: A Damages Expert’s Perspective on Income Losses in Sport

Footballer Tackling
Friday, 09 May 2025 Author: Shalabh Gupta, Amran Nawaz, Chris Kavanagh

This article explores the ever-growing area of personal injury damages in sports and the economic theory behind it. The authors briefly discuss current and historical cases from the United Kingdom, United States and the Court of Arbitration for Sport, their applicable judgements, and how a damages expert's evidence (or lack thereof) can impact the monetary damages an athlete may be awarded.

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Written by

Shalabh Gupta

Shalabh Gupta

Shalabh Gupta is an Associate Director with Secretariat’s Damages and Forensic Investigations group based in Toronto. Shalabh has provided financial analyses, economic advisory, forensic accounting, quantification of damages and other litigation support services to clients and their counsel for over 10 years. He is a Chartered Accountant (CA), a Certified Fraud Examiner (CFE), and a Chartered Business Valuator (CBV).

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Amran Nawaz

Amran Nawaz

Amran Nawaz is a Manager with Secretariat's Damages and Forensic Investigations group based in Toronto. He is a Chartered Professional Accountant (CPA/CA) and a Chartered Business Valuator (CBV). Mr. Nawaz specializes in preparing business valuation and economic damage quantification for commercial litigation, international trade, and investment disputes. His work typically involves financial damages assignments, fraud investigations, dispute analyses, and litigation support.

Chris Kavanagh

Chris Kavanagh

Chris is a Senior Associate at Secretariat's Toronto office. He has over 4 years of experience in damage quantification, financial analysis, litigation support and business valuation services. He is a Chartered Professional Accountant (CPA) and a Chartered Business Valuator (CBV).

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