[Funding alert] LegalPay Establishes $3 Mn Fund to Support Athletes in Sports Disputes

A USD 3 million (about Rs 25 crore) fund has been established by the legal technology company LegalPay in New Delhi with the goal of resolving sporting disputes in the country.

The fund will work with athletes while resolving issues with broadcasting rights, endorsements, and advertising. It has a four-year tenure. The size of claim tickets is not limited by the fund, as per reported by BW Disrupt.

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LegalPay CEO Kundan Shah said, “As the country is evolving towards sports, it is our mission and duty to safeguard the interests of our aspiring athletes. Therefore, LegalPay has launched this fund to provide athlete representation and legal advice, as well as help them with dispute resolution, which will encourage more students to take up sports as a career.” “This fund will be used in an all-encompassing manner to cover all kinds of disputes in this sector.”

There have been more disagreements about contracts between athletes and other parties, doping policies, harassment in sports, accountability for injuries sustained in sports, broadcasting rights, and player endorsement conflicts of interest.

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About LegalPay

LegalPay is a FinTech company that provides funds to sportspersons, venture capitalists, and others in legal cases to get them justice. It is well-known in the corporate industry and other fields.

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