Onside Law advised long-term client and leading sports sponsorship agency, TRM Partners (“TRM”), on its recent multi-million pound sale to Two Circles. TRM will be integrated within the Two Circles business, creating a data-driven sports sponsorship powerhouse backed by leading US private equity fund, Bruin Sports Capital.
As part of the deal, Two Circles also acquired a majority stake in TRM’s sister company RugbyX, the exciting 5 v 5 form of the game which made its much-anticipated debut at the O2 Arena last year.
Founded by ex-Manchester Utd executives Harry Horsley and Leo Thompson, TRM has been responsible for over US$700m of agreements for rights-holders such as the NFL, UEFA, the ICC, Chelsea and AC Milan. Onside Law has advised TRM since it was established almost seven years ago in respect of many of its sponsorship deals and on the management buy-out of the business led by Harry and Leo in 2018.
The Onside Law team comprised partners Simon Thorp and Jamie Singer, senior corporate associate Ben Hanglin, associates Robin Cumming and Alex Brooks with support from Cambise Heron.
Harry Horsley, Co-Founder of TRM commented: “Onside Law have been with TRM since the very first week we were founded in 2014, guiding us through complex commercial negotiations with dozens of the world’s leading rights holders. When the time came to negotiate the sale of the business to Two Circles (backed by Bruin Sports Capital), Simon Thorp, Ben Hanglin, Robin Cumming and the Onside M&A team provided outstanding counsel throughout, taking what is often a stressful experience for founder sellers and turning it into a positive and rewarding process.”
Following yesterday’s announcement by the Chancellor regarding lockdown and the changes to the Coronavirus Job Retention and Job Support Schemes, our Employment expert, Alex Brooks, has provided a practical user’s guide to the changes and what they might mean for you.
Click here to read the full article.
The UK Government has announced that the Coronavirus Job Retention Scheme (“CJRS”) would continue beyond 31 October, as originally planned. Although the fine details of the latest version of the CJRS are yet to be announced, employers may wish to consider certain points ahead of taking steps regarding their workforce. More information in this article by our employment law specialist, Alex Brooks.
Caster Semenya: Highest Swiss Court also backs World Athletics’ DSD Regulations
The highest Swiss Court has recently confirmed that sports federations may introduce legally admissible eligibility rules to determine participation in its sporting events. However, in doing so, there are a number of considerations for governors and regulators of sport to work through. Read more, including an update on the World Athletics/Semenya case, here.
Onside Law is recruiting!
We are currently looking to expand our team by recruiting a 1-3 PQE Dispute Resolution associate.
Applications close 17 September 2020. For more details on how to apply, click here.
We are thrilled to announce that Sophie Wilkinson has been appointed Partner.
Sophie specialises in commercial law in the sport and media sectors and has also been instrumental in developing the firm’s data protection, IP and major event hosting practices. We are very excited to have her join the partnership and you can read the full press release here.