Busy morning as Charles Russell Speechlys completes Everton and Bolton Wanderers Deals
The Sports Group at Charles Russell Speechlys (winners of Legal 500’s Sports Practice of the Year 2015) completed two high profile football club deals on Thursday 10th March, advising on the sale of Bolton Wanderers FC and the acquisition of 49.9% of Everton FC.
The Group acted on behalf of Eddie Davies, the former owner of Bolton Wanderers Football Club, to complete the £7.5m transfer of the Club to the Sports Shield consortium.
The Consortium, fronted by ex-Bolton striker Dean Holdsworth, and Inner Circle, owned by Ken Anderson, acquired a 94.5 per cent controlling share of Burnden Leisure.
Holdsworth will be installed as the new Bolton Wanderers chairman and Davies will become honorary president of the club.
Trevor Birch, Advisor to the Board at Bolton Wanderers, comments: “Having been involved in football for many years I understand how complex and emotive the business of football can be.
“Keir Gordon and the team at Charles Russell Speechlys understand this too. Through their expertise and long term commitment to working with the Club, Keir and his team have worked tirelessly to help the owner and the Club deliver a positive outcome in a very challenging period, and to secure the future of the Bolton Wanderers.”
Jason Saiban, Head of the Sports Group, commented: “The Everton deal is a great example of a new, more tailored, approach to investments in sport. The Buyer went beyond the traditional industry agnostic M&A approach in assembling a team of specialists to advise on his investment in the football club. The team also included the sports team at PricewaterhouseCoopers, who worked on financial and tax due diligence, and 21st Club, who were responsible for football analytics. The approach produced a great result.”
“The completion of the Bolton and Everton deals so close together is an excellent endorsement of our sector specific approach.”
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