Tak's statement in the livestream confused me. None of the league exchange player items used to be exchangeable for 26 Phase 2 tokens - this was limited to event player items of the included events. The league exchange player item is not linked to any event, and thus I didn't do this exchange as I expected it to be a useless player item, unless you can use it in your squad. Unfortunately for you, I expect that Tak made a little mistake while going through the contents to cover in the livestream - and you seem to have proven that I am correct in that assumption.
If EA would now consider a compensation pack for what I expect was just a genuine human error from the presenter-on-duty (I have to say I quite like Tak - he explains clearly at a good pace for me to follow him, so I suggest to not be too hard on him for having a slip-up...), then I'll also grab Keane from the store...