Sports

Representative Matters

• Advised Tencent on its investment in Dream11, India’s leading fantasy sports platform (holding almost 90% of the market share) in a transaction valued at USD 750 Million.
• Advised Play Games 24X7 private Limited on a transaction consisting of both a fresh issuance of shares by the Company; as well as an acquisition of shareholding by Raine from the existing shareholders of the Company, approximately valued at USD 55 Million.
• Advised BNP Venture Capital Limited (BNP) in its Series-A investment in ‘Ultimate Kho Kho’ for an undisclosed amount.
• Advised Decathlon Group- one of the world’s largest sports goods reseller- in relation to real estate issues of their business in India.
• Acted for and advised International Hockey Federation (FIH): in respect of the Hockey World Cup 2010, and has advised the FIH as well as other sports bodies in relation to sponsorship contracts. on the structuring of its presence in India and on the tax implications of the event.
• Acted for and advised existing shareholders of Mashal Sports, namely, Anand Mahindra, Charu Sharma and Lex & Legal Services Private Limited, in relation to the divestment of their stake and transfer of controlling stake to STAR. T
• Acted for and advised Pro Kabaddi League on the launch of the Pro Kabaddi League, which is the first international professional league for the sport of Kabaddi being organized in India. The Firm handled all legal aspects of the League, an initiative of Mashal Sports Private Limited, including drafting and negotiating various agreements required for the League, such as the Sanction Agreement (with the Amateur Kabaddi Federation of India, granting official status to the League), Broadcasting Agreement (with Star Sports), Production Agreement, Services Agreement (event management services), Franchise Agreement (with 8 different franchisees), Player Agreement and Support Staff Agreement.
• Advised Royal Sporting House, a leading sports goods manufacturer, in franchising its brand name / trademark.
• Acted for Wall Street Investments Limited (represented by GMS group) in relation to the direct investment by Wall Street in Den Sports & Entertainment Limited (‘Den Sports’) and indirect investment in Den Soccer Private Limited, a wholly owned subsidiary of Den Sports, which owns the franchisee for the football team – Delhi Dynamos Football Club (DDFC) in the Indian Super League (ISL). The transaction involved a total investment of INR 43.32 Crore in Den Sports.
• The Firm has also represented a number of sportspersons/persons associated with sports, for instance, Ashok Kumar, Charu Sharma, Gaurav Ghei, Jyoti Randhwa, to name a few.