Abreu Advogados advises investment fund in the acquisition of Estoril-Praia SAD
Abreu Advogados has advised in the acquisition of the Estoril-Praia Sporting Corporation (SAD) by the foreign investment group, MSP Sports Capital.
The law firm advised the purchaser, MSP Sports Capital, on the conclusion of the operation in Portugal, with a team led by partner, Fernando Veiga Gomes, with support from associate lawyer, Hugo Teixeira.
Abreu Advogados worked in conjunction with the law firm Morgan, Lewis & Bockius LLP, which provides support to the international operation of this group.
Sport in Portugal has a very strong social and economic connection and Abreu Advogados’ Sports Law team has been playing a significant role in the sector. This multidisciplinary team covers a wide spectrum of matters related with the activity of sports clubs and SADs, and this is the second sale of a SAD this year on which it has advised, in addition to its other work.
The new owners of Estoril plan to implement science and technology applied to sports, aiming “to help develop the star players of tomorrow”, Jeffrey Saunders, the new president, said in a press release.
The MSP investment group are experienced and well-known as owners, investors and operators in the American soccer, baseball and basketball leagues, the television channel ESPN and in sports management.