Orlegi Sports’ Majority Stake Acquisition in Sporting de Gijón

KPMG Abogados advised the Mexican group Orlegi Sports on the deal.

Mexican consortium Grupo Orlegi has expanded its portfolio of football clubs following the acquisition of the Spanish second-division club Sporting Gijon.

Headed by Alejandro Irarragorri, the Mexican group signed an agreement in Madrid for €43 million to acquire the majority share in Gijon.

All labour law and employment law assistance and advise during the transaction was led by Francisco Fernandez (partner, Picture) and Francisco Artacho (senior manager) of KPMG Abogados. The Public Law team of KPMG Abogados, led by Ana López Carrascal (director) has also reviewed the administrative titles obtained by Real Sporting de Gijón, S.A.D. for performing its activities in the main installations, such as ‘El Molinón’ Stadium, the Mareo Soccer School, and the club’s main store, as well as the administrative conditions for the transaction. The Corporate and M&A team of KPMG Abogados, led by Rafael Aguilar (partner) and Alejandro Blázquez (senior manager) has participated in the legal review of Real Sporting de Gijón. And the M&A tax team of KPMG Abogados, headed by Álvaro Silva (partner) and Pedro Triguero (senior manager) supported Orlegi Sports with the tax review of the club.

 

Involved fees earner: Rafael Aguilar – KPMG; Álvaro Joaquin de Silva Urquijo – KPMG; Francisco Fernández – KPMG; Ana López Carrascal – KPMG;

Law Firms: KPMG;

Clients: Orlegi Sports;

Martina Bellini

Author: Martina Bellini