A diphenylphosphine functionalized benzoic acid was applied for the synthesis of a homoleptic dimolybdenum-based metalloligand, exhibiting four symmetrically placed phosphine donor sites. This allowed subsequent treatment with gold(I), rhodium(I), and iridium(I) precursors to obtain early-late heterometallic complexes as well as Lewis acid-base adducts with BH3. The compounds were in-depth investigated by spectroscopic techniques, single-crystal X-ray diffraction, and femtosecond laser spectroscopy. The coordination of different metal fragments to the dimolybdenum metalloligand leads to a fine-tuning of the system's optical properties, which correlates well with fluorescence quantum yield measurements. Nevertheless, triplet dynamics still remain the dominating channel in these systems with an intersystem crossing time constant below 1 ps.