The design and study of rich, bulky phosphorus ligands is a key area of research for homogeneous catalysis. Here, we describe an original strategy using a hydrophosphination reaction to produce phosphines of interest for coordination chemistry and homogenous catalysis. In particular, the phosphine obtained by reacting diphenylphosphine with acenaphthylene (ligand 2) gives a ligand that adopts an unusual spatial geometry. The coordination chemistry of the ligand has been investigated with Au(I), Ag(I), Cu(I), and Pd(II), for which a complete characterization could be made, particularly in X-ray diffraction studies. The reactivity of some of these complexes has been demonstrated, particularly in Pd-catalyzed cross-coupling reactions and Au-catalyzed hydroaminations and in the hydration of alkynes.