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afternoon everybody and thank you four allow me to speak to you today about an issue which has of late developed quite a quite a topical relevance because it's a surface both in the Australian and international sporting contexts and that is as you probably gathered from a slider there and buy our courses in our professional football player contracts now I realize when I say football like the ER thats probably referring to a number of different codes I'm referring to the round ball conversion Mackay association football or soccer as it's commonly known here but for the purposes of this presentation I'm its football now put my first little title sigh there the world game and I use that title and it's used quite often because it quite literally is the world game but is the most watched and played version of football on the planet it's also the most valuable by net worth and by player salary and we're falling sorry we've only just ahead of a number of other codes such as NBA and baseball NFL which are which are also quite lucrative and I've already covered the fact that it's known as soccer more where you now but you'll notice there's an interesting linguistic change and that is that's now the Football Federation Australia formerly the australian soccer federation now they're moving away from the soccer terminal the djinns the referring words what is more and more as football and I saw this to put it in context that is that we are part of a major industry and that is support it's a global global phenomenon but you can see there that was a PricewaterhouseCoopers study which revealed or sorry predicted that's global sports revenue this year with 777 point six billion so we're talking about something pretty significant so I wanted to take an angle from my area of expertise I'm a commercial lawyer I'm in our lecture in these areas as well but I thought would be interesting to take this this perspective of sports in particular that is the use of what's known as the bio cause I'll come to this short but it's important first of all to know that it's so heavily regulated now this game is as I say part of that rich sporting fabric which we have in this country and I think we're better for it but it's also extremely well regulated I say well regulated butts heavily regulated in any of them so contracts are everywhere and that's what sort of attracted me to speak about this because it's received very little attention and only a little bit of scholarly attention and it's something which is quite significant and as we come to see later on there's instances where it's actually impacting on how various codes in this country and in others around the world are administered so I want to look at issues with legaly and also issues of integrity which I think one...