Britain shows red card to Europe

British sport could be seemingly affected by Brexit. The sector relies on overseas stars for its leagues to retain financial strength. The premier league in particular is the best league in the world and owes much of its success to now globally renowned overseas players, such as N’golo Kante and Dimitri Payet. These players came to the Premier League as the freedom of movement principle offered within the EU allowed them to do so without the need for non-EU work permits. They are now established world stars acquired at a transfer fee more akin to their status rather than ability.

This also applies in other sports, including rugby and cricket. Non-EU players are required to play a specified number of national team matches before gaining a work permit. This could mean that little known ‘stars’ such as Payet or Kante would have been unable to gain a permit at the stage that they did. Financially, this could mean that football, rugby – or indeed any sports clubs – will need to revert to buying established internationals, rather than these lesser known stars, requiring huge transfer fees which will ultimately push the market through the roof once again.

If you have any questions about the implications of Brexit on you or your sports business, please do not hesitate to contact Elliott or a member of our sports team.