2024 M&A Year in Review - Flipbook - Page 52
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We advised Fenway Sports Group, a global sports company,
and the Strategic Sports Group, a consortium of American
sports team owners, on their US $3 billion strategic
collaboration with PGA TOUR Enterprises, a new
commercial venture under the PGA TOUR’s control.
This first-of-its-kind program gives nearly 200 TOUR
players access to US $1.5 billion in equity and
revolutionizes professional golf’s U.S. business model.
Lawyers in our Denver and New York offices led the
transaction, with support from multiple U.S. offices and
our antitrust, banking, employee benefits, intellectual
property, litigation, privacy and cybersecurity, private
equity, real estate, securities, and tax practices.
We advised Michael Arougheti, Co-Founder and CEO of
Ares Management, and Mitchell Goldstein and Michael
Smith, Co-Heads of Ares Management Credit Group, as
co-investors in a US $1.725 billion transaction purchasing
Major League Baseball franchise the Baltimore Orioles.
The investor group was led by David Rubenstein, CoFounder and Co-Chairman of The Carlyle Group.
Lawyers in our M&A and banking teams in our New York office
led the transaction, with support from our Denver and
Washington, D.C. offices and our antitrust, intellectual property,
privacy and cybersecurity, real estate, and tax practices.
