Mayer Brown advises Al Fahim Asia Associates in Portsmouth FC acquisition
3 September 2009
3 September 2009 – Leading international law firm Mayer Brown has advised Al Fahim Asia Associates Ltd. (AAA) in the acquisition of Portsmouth FC from a subsidiary of Devondale Investments Limited.
AAA, a company formed by Sulaiman Al Fahim, Chairman of the board of Portsmouth FC, completed the deal with current owner Alexandre Gaydamak to become the new sole owner of the club.
Corporate partner Robert Hamill led the team which included corporate senior associate Rodney Edgerton. They were assisted by teams from finance, tax, environment, real estate, employment and pensions. Couchman Harrington assisted AAA on the FA Premier League requirements of the deal.
Robert Hamill, corporate partner at Mayer Brown, said: “Completing a deal of this nature is particularly challenging, not least given the public scrutiny of the deal in the press and the transfer deadlines associated with a Premier League club. Football club deals are complicated and we look forward to our continued involvement in this sector."
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