Tuesday, 10 September 2019 16:53

Football crazy

Iberia is home to some of the biggest professional football clubs in the world and consequently, the sports industry is generating significant work for the region’s law firms

The sport and leisure industries have long been rich sources of work for law firms in Spain and Portugal. It’s hardly surprising when you consider that Iberia boasts a proud sporting tradition and is home to some of the most prominent professional football clubs in the world. Consequently, lawyers in Iberia have significant opportunities to advise on high profile, and often lucrative, deals in these sectors. While summer can be one of the quieter times of the year for many lawyers, those involved in advising on football player transfers often find the months of July and August extremely hectic as football clubs look to complete signings ahead of the closure of the transfer window. Portuguese law firm Morais Leitão – which is renowned for its work on some of the biggest transfers in world football and includes Cristiano Ronaldo among its clients – recently advised Portugal forward João Félix on his €126 million move from Benfica to Atlético Madrid. Upon completion, Félix’s move became the fifth most expensive transfer in football history. Meanwhile, another Portuguese law firm Vieira Advogados recently advised blockchain technology company Kick Soccer Coin on a sponsorship deal with Spanish football club Deportivo Leganês. Betting on football is a popular pastime and there was a notable deal in the gambling sector recently with Garrigues advised Cirsa Gaming Corporation on the acquisition of a 50 per cent stake in Spanish retail betting company Sportium. Another recent sport and leisure-related transaction saw Pérez-Llorca advising sport centre manager Forus on the acquisition of six sports centres – in Gijón, Badajoz, Córdoba, Sevilla, Jaén and Cádiz – from Santagadea.

Morais Leitão advises João Félix on €126m Atlético Madrid transfer

Morais Leitão advised Portugal forward João Félix on his €126 million move from Benfica to Atlético Madrid in the fifth most expensive transfer in football history.

The 19-year-old player has signed a seven-year contract with the club.

Félix (pictured on the right) made his Benfica first team debut in August 2018 in a league game against Boavista. He scored his first goal for the club in the following match against Sporting Lisbon.

During his first season in the top-flight, Félix played 43 games, scored 20 goals and contributed 11 assists. He also made his Champions League debut during the group stage match against AEK Athens.

Later in the season, he scored a hat-trick in a 4-2 win against Eintracht Frankfurt in the Europa League.

He made his debut for the Portugal national team in the UEFA Nations League match against Switzerland.

The Morais Leitão team advising on the transfer was led by partner Paulo Rendeiro (pictured on the left).

Practice area: Sport
The deal: Portugal forward João Félix’s move from Benfica to Atlético Madrid
Firm: Morais Leitão
Lead partners: Paulo Rendeiro
Value: €126 million

Kick Soccer Coin advised by Vieira Advogados on Deportivo Leganês sponsorship Braga-based Vieira Advogados advised blockchain technology company Kick Soccer Coin on a sponsorship deal with Spanish football club Deportivo Leganês.

The deal means the Kick Soccer Coin logo will appear on the sleeve of Club Deportivo Leganês’ official shirts.

Kick Soccer Coin is a cryptocurrency that fans can use to purchase football merchandise.

The Vieira Advogados team advising Kick Soccer Coin was led by managing partner Nuno da Silva Vieira (pictured).

Practice area: Commercial
The deal: Kick Soccer Coin’s sponsorship deal with Spanish football club Deportivo Leganês
Firm: Vieira Advogados
Lead partners: Nuno da Silva Vieira

Cirsa instructs Garrigues on €70m Sportium deal

Garrigues advised Cirsa Gaming Corporation on the acquisition of a 50 per cent stake in Spanish retail betting company Sportium.

The stake – which was valued at €70 million – was acquired from GVC Holdings.

The Garrigues team included partner Alex Pujol (pictured) and senior associate Alejandra Álvarez Úcar.

Practice area: M&A
The deal: Cirsa Gaming Corporation’s acquisition of a 50 per cent stake in Sportium
Firm: Garrigues
Lead partners: Alex Pujol

To read the article in full please download issue N.87 here

IL GoldAwards Save 300x100 2

banner latam awards2019

IL IstitutoInnovacionLegal 300 1

Iberian Lawyer
N.88 • October 07, 2019

IL88 Cover SP IL88 Cover EN
 

The Latin American Lawyer
N.9 • September 16, 2019

LAL9 20190916 EN
Mon Tue Wed Thu Fri Sat Sun
1
2
3
4
5
6
7
8
9
10
11
12
13
14
15
16
17
18
19
20
21
22
23
24
25
26
27
28
29
30
31

This website uses cookies

We use cookies to ensure that we give you the best experience on our website. If you continue without changing your settings, we'll assume that you are happy to receive all cookies on the IberianLawyer website. However, you can change your cookie settings at any time. Learn more

I agree

What do I need to know about cookies?

A cookie is a small text file that’s stored on your computer or mobile device when you visit a website. We use them to:

  • Remember your preferences
  • Tailor our sites to your interests.

There are different types of cookies

First party cookies

These are set by the website you’re visiting. And only that website can read them.  In addition, a website might use a separate company to analyse how people are using their site. And this separate company will set their own cookie to do this.

Third party cookies

These are set by someone other than the owner of the website you’re visiting. 

Some IberianLawyer web pages may also contain content from other sites like Vimeo or Flickr, which may set their own cookies. Also, if you Share a link to a IberianLawyer page, the service you share it on (e.g. Facebook) may set a cookie on your browser.

The IberianLawyer has no control over third party cookies.

Advertising cookies

Some websites use advertising networks to show you specially targeted adverts when you visit. These networks may also be able to track your browsing across different sites.

IberianLawyer site do use advertising cookies but they won’t track your browsing outside the IberianLawyer.

Session cookies

These are stored while you’re browsing. They get deleted from your device when you close your browser e.g. Internet Explorer or Safari.

Persistent cookies

These are saved on your computer. So they don’t get deleted when you close your browser.

We use persistent cookies when we need to know who you are for more than one browsing session. For example, we use them to remember your preferences for the next time you visit.

Other tracking technologies

Some sites use things like web beacons, clear GIFs, page tags and web bugs to understand how people are using them and target advertising at people.

They usually take the form of a small, transparent image, which is embedded in a web page or email. They work with cookies and capture data like your IP address, when you viewed the page or email, what device you were using and where you were.

How does the Iberian Lawyer use cookies?

We use different types of cookies for different things, such as:

  • Analysing how you use the IberianLawyer
  • Giving you a better, more personalised experience
  • Recognising when you’ve signed in

Strictly Necessary cookies

These cookies let you use all the different parts of Iberian Lawyer. Without them services that you have asked for cannot be provided.

Some examples of how we use these cookies are:

  • Signing into the IberianLawyer
  • Remembering previous actions such as text entered into a registration form when navigating back to a page in the same session
  • Remembering security settings which restrict access to certain content.

Performance cookies

These help us understand how people are using the IberianLawyer online, so we can make it better. And they let us try out different ideas.
We sometimes get other companies to analyse how people are using the IberianLawyer online. These companies may set their own performance cookies You can opt out of these cookies here.Some examples of how we use these cookies are:

  • To collect information about which web pages visitors go to most often so we can improve the online experience
  • Error management to make sure that the website is working properly
  • Testing designs to help improve the look and feel of the website.
Cookie nameWhat it's for
Google DoubleClick The IberianLawyer uses Google DoubleClick to measure the effectiveness of its online marketing campaigns.Opt-out of DoubleClick cookies
Google Analytics From time to time some IberianLawyer online services, including mobile apps, use Google Analytics. This is a web analytics service provided by Google, Inc. Google Analytics sets a cookie in order to evaluate use of those services and compile a report for us.Opt-out of Google Analytics cookies