Sports M&A – Investments in Brazilian Football Clubs

Sports M&A – Investments in Brazilian Football Clubs
The Brazilian football market has recently drawn the attention of major global investors. Though, from a legal perspective, such investments involve complex challenges, arising mainly from the particularities of the Brazilian football regulatory framework and usual market practices.*

Introduction: Recent Market Developments

On 23 April 2019, the Red Bull Group, which owns Brazilian team “Red Bull Brasil”, announced investments for the 2019 season into another football club in Brazil: Clube Atlético Bragantino, a traditional sports association established in 1928, with quite a successful history in Brazilian championships and which currently plays in Serie B of the Brazilian National Football League.

Less than ten days later, on 2 May 2019, Centro Sportivo Alagoano (CSA), a 105-year-old club currently playing in Serie A of the Brazilian National Football League, disclosed ongoing negotiations with a pool of Chinese investors for a potential acquisition of the club. Finally, on the very...

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