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Professional Sports: The Next Big Play in Dealmaking
In the past few years, the world of professional sports has seen unprecedented interest from investors.
Joint ventures (JVs) take many different forms and are entered into for many different strategic reasons, for example to combine financial resources or to pool know how. They may also enable parties constrained for reasons of risk appetite or availability of investment funding to develop business propositions or to create economies of scale in a given industry sector.
Joint ventures may be alliances created by necessity or they may be the coming together of organisations with complementary skill sets. Whilst this has always been a feature in particular industry sectors and jurisdictions, the significance of foreign ownership restrictions may increasingly drive the joint venture as the vehicle of necessity.
Our joint ventures hub consolidates a range of resources, including articles on key topics relevant to understand when entering into a joint venture, a cross-border Q&A covering commonly asked questions, and access to our latest publications, events and training.
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In the past few years, the world of professional sports has seen unprecedented interest from investors.
Publication
On 10 December 2024, the Companies (Accounts and Reports) (Amendment and Transitional Provision) Regulations 2024 were laid before Parliament, together with an Explanatory Memorandum.
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On 28 November 2024, the Financial Conduct Authority (FCA) published CP24/2, Part 2 in relation to its controversial ‘name and shame’ proposals, having trailed this in oral evidence before the House of Lords Financial Services Regulation Committee earlier in November.
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