DLA Piper advises Fasanara and Tifosy on Levante restructuring

DLA Piper has advised the funds managed by Fasanara Capital, in coordination with Tifosy Capital & Advisory, specialists in alternative financing for the sports sector, on the negotiation of Levante Unión Deportiva’s restructuring plan, submitted to the Commercial Court No. 1 of Valencia.

The operation is part of the process initiated by the football club to ensure its economic viability. The plan combines the sale of certain sporting assets — including players and the women’s team — with the design of a priority repayment mechanism for Tifosy’s and Fasanara’s financial credits. The restructuring plan, also supported by Edmond de Rothschild as another secured financial creditor, establishes a repayment schedule through 2027 or 2028, along with options for deferred credit and debt-to-equity conversion.

DLA Piper’s team involved included Juan Verdugo (pictured), partner and head of restructuring; Álvaro Pastrana, senior associate in restructuring; and Alberto Rubio, senior associate in finance.