As part of the deal, RASTAR will hold a minority stake in VSL. Appleby Jersey also advised on all Jersey financing aspects of the acquisition.
The deal involves VSL’s expanding interests and having independent clubs compete for the highest honours in the English Premier League and the Spanish Primera Division, widely regarded as the most competitive football leagues across Europe.
The Appleby team was led by corporate partner Andrew Weaver with support from associates Inyene Udoh and Michael Davies. Appleby worked with Clifford Chance on the transaction.
Andrew Weaver, at Appleby, said: “We are delighted to have advised this important and longstanding client on the Jersey aspects of this significant transaction. The transaction not only showcases Appleby’s enduring M&A expertise but also its well recognised ability to advise on intricate and complex deals involving key commercial and legal elements which are inevitably intertwined at the highest level of deal making.”
Mike Smith, a director of VSL, said: “Andrew and his team at Appleby were a pleasure to work with on this highly important acquisition for VSL, which continues VSL’s growth and footballing footprint across Europe. We look forward to continuing to work with Appleby in the future.”
