TC09624 - [2025] UKFTT 01065 (TC)

On 26 April 2012, a “2012 Sponsorship Agreement” was entered into between ISM, the Appellant and Clydesdale (“the Clydesdale Agreement”). The purpose of the agreement was for Clydesdale to sponsor cricket bats on an exclusive basis at all domestic and overseas matches at which the Appellant was selected to play. It commenced with effect from 26 April 2012.

‘Clause 4’ of the Clydesdale Agreement included a payment to International Sports Management Limited (“ISM”) (“the Authorised Agent”), in the sum of £68,000 per annum, in consideration for the Appellant undertaking to grant Clydesdale the sponsorship rights (i.e., rights granted to Clydesdale under Schedule 1 to the Clydesdale Agreement).

The relevant payment terms were set out at ‘Clause 4.3’.

‘Clause 9’ provided for the “non- assignability” of the Agreement.