O’Melveny Represents Atlanta Braves and SWB Investors on Sale of Four Minor League Baseball Teams三月 15, 2022
FOR IMMEDIATE RELEASE
NEW YORK—March 15, 2022—In two back-to-back transactions, O’Melveny represented Major League Baseball’s Atlanta Braves on the sale of three of its minor league affiliates: the Triple-A Gwinnett Stripers, the Double-A Mississippi Braves, and the High-A Rome Braves. O’Melveny also advised SWB Investors LLC on its sale of the New York Yankees’ Triple-A affiliate, the Scranton/Wilkes-Barre RailRiders.
Endeavor Group Holdings was the buyer in both transactions and issued its official press release here.
The Scranton/Wilkes-Barre RailRiders transaction closed on December 31, 2021, and the Gwinnett Stripers, Mississippi Braves, and Rome Braves transaction closed on January 31, 2022. In accordance with the acquisitions, Endeavor created a subsidiary—Diamond Baseball Holdings—that will operate nine minor league teams.
The O’Melveny team advising the sellers in both of these transactions was led by Entertainment, Sports & Media Industry Group Co-Head Irwin Raij, counsel Alexander Chester, and associate Victoria Saunders. The team also included partners Alex Anderson, Chris Del Rosso, and Courtney Dyer, counsel Sloane Ackerman, Courtney Byrd, and Dawn Lim, and associates Jameson Frazier and Stevan Bennett Jr.
O’Melveny’s Sports Industry Group handles many of the legal matters that draw coverage in sports pages everywhere—billion-dollar acquisitions and dispositions of professional sports teams; cutting-edge media and licensing arrangements; stadium development, financings and naming rights; sponsorships and endorsements; strategic joint ventures; and high profile litigation and other disputes.
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