The overall neutral α-borylated phosphorus ylide Ph3PC(Me)BEt2 behaves like a polar borataalkene and can act as acyclic, ambiphilic π-type ligand with L- and Z-type functionalities side by side. In the complexes [MX{η2-Ph3PC(Me)BEt2}] (M = Cu, (Ag), Au; X = Cl, NTf2), the bonding is dominated by the highly nucleophilic ylidic carbon atom (L-type ligand). The Lewis acidic boron atom furnishes nonetheless a small but significant bonding contribution (Z-type ligand).