Linklaters has advised Qatar Sports Investments on the acquisition of World Padel Tour.
Qatar Sports Investments (QSI), one of the world’s leading sports investment companies – and together with the International Padel Federation (FIP) and the Professional Padel Association founder of Premier Padel – and Damm, the owner of Setpoint Events which organizes the World Padel Tour (WPT), have reached a historic agreement for the acquisition of WPT by QSI.
Following this agreement, Premier Padel and WPT will subsequently unify as a single worldwide professional padel circuit – called Premier Padel – governed by the International Padel Federation.
The agreement is the culmination of months of negotiation between the parties and will allow QSI to acquire the commercial assets of WPT. In addition, the agreement will also provide for the resolution of outstanding disputes between the parties, including those involving QSI, FIP and professional padel players who have competed on both circuits. The closing is subject to customary regulatory approvals.
A team led by Carmen Burgos (partner), with support from Alberto Vilalta Duce, Pablo de Rabassa Delgado, Juan Passás and Diana Martínez Cobaleda.