The radical cation of the redox active ligand 3,4-dimethyl-3 0 ,4 0 -bis-(diphenylphosphino)-tetrathiafulvalene (P2) has been chemically and electrochemically generated and studied by EPR spectroscopy. Consistent with DFT calculations, the observed hyperfine structure (septet due to the two methyl groups) indicates a strong delocalization of the unpaired electron on the central S 2 CQCS 2 part of the tetrathiafulvalene (TTF) moiety and zero spin densities on the phosphine groups. In contrast with the ruthenium(0) carbonyl complexes of P2 whose one-electron oxidation directly leads to decomplexation and produces P2 1 , one-electron oxidation of [Fe(P2)(CO) 3 ] gives rise to the metal-centered oxidation species [Fe (I) (P2)(CO) 3 ], characterized by a coupling with two 31 P nuclei and a rather large g-anisotropy. The stability of this complex is however modest and, after some minutes, the species resulting from the scission of a P-Fe bond is detected. Moreover, in presence of free ligand, [Fe (I) (P2)(CO) 3 ] reacts to give the complex [Fe (I) (P2) 2 (CO)] containing two TTF fragments. The two-electron oxidation of [Fe(P2)(CO) 3 ] leads to decomplexation and to the P2 1 spectrum. Besides EPR spectroscopy, cyclic voltammetry as well as FTIR spectroelectrochemistry are used in order to explain the behaviour of [Fe(P2)(CO) 3 ] upon oxidation. This behaviour notably differs from that of the Ru(0) counterpart. This difference is tentatively rationalized on the basis of structural arguments.