Linklaters advises Super Slam Limited on sale of the Mutua Madrid Open and Acciona Open de España
Linklaters has advised Super Slam Limited, and its affiliates, on the combined share and asset sale of leading tennis tournament, the Mutua Madrid Open, and the Acciona Open de España golf tournament to IMG, a global sports, events and talent management company, headquartered in New York and wholly owned by the Endeavor group.
Through the acquisition, Madrid Trophy Promotion SLU (MTP), the Spanish entity that operates the tournament, will become part of IMG. MTP also runs the European Tour's Acciona Open de España golf tournament, which IMG's golf events division will support.
The Mutua Madrid Open, which boasts an illustrious list of winners including Roger Federer, Serena Williams, Rafael Nadal and Novak Djokovic, will join IMG's roster of leading tennis tournaments, including the Miami Open and several other ATP and WTA events.
Linklaters worked closely with Romanian law firm Filip & Co. on advising Super Slam Limited, which is owned by the Tiriac Group, a large and diversified business group, operating in the following main sectors: automotive, real estate, financial services, air transportation and energy.
The cross-border team comprised of partner Daniel Cousens, counsel Chris Quinn (both Warsaw) and managing associate Avi Cohen (London) who advised on the corporate aspects of the deal, alongside partner Chris Smale and associate Ellie Hiskett (both London) who advised on tax, and consultant Juan Passas (Madrid) who advised on the antitrust aspects.
Linklaters’ global, cross-practice Sports sector combines a real passion and understanding of the sector and its specific requirements and pressures with exceptional multi-jurisdictional expertise, putting the firm in a unique position to provide clients with a full and seamless end-to-end service to help them successfully navigate the most complex and high-profile matters arising in the world of sports.
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