Three weeks after Sullivan & Cromwell made news for representing Major League Baseball in a $1 billion streaming deal with The Walt Disney Co., the Wall Street firm is at the helm of another big sports buy.
On Monday, real estate developer Frank McCourt Jr. announced that he had agreed to acquire historic French soccer team Olympique de Marseille from billionaire businesswoman Margarita Louis-Dreyfus. While financial terms of the deal were not disclosed, Reuters reported that the purchase price was $44.68 million, citing a figure by French sports site RMC Sport.
This content has been archived. It is available through our partners, LexisNexis® and Bloomberg Law.
To view this content, please continue to their sites.
Not a Lexis Subscriber?
Subscribe Now
Not a Bloomberg Law Subscriber?
Subscribe Now
LexisNexis® and Bloomberg Law are third party online distributors of the broad collection of current and archived versions of ALM's legal news publications. LexisNexis® and Bloomberg Law customers are able to access and use ALM's content, including content from the National Law Journal, The American Lawyer, Legaltech News, The New York Law Journal, and Corporate Counsel, as well as other sources of legal information.
For questions call 1-877-256-2472 or contact us at [email protected]
