Latham has handled several significant matters for the U.S. Soccer Federation over the course of its
relationship with the sport’s governing body in this country
. In addition to serving as outside counsel to U.S. Soccer on the 2022 World Cup bid, Los Angeles–based Latham corporate partner Paul Tosetti, the former cochair of the firm’s global M&A practice, advised the organization on its successful effort to bring the competition to the United States nearly 20 years ago.
One of those firms making the team’s legal roster, Liverpool-based
Brabners Chaffe Street
, is the home of joint senior partner
stepped down from Man U’s board of directors last month
after 28 years with the team. According to a copy of Man U’s F-1, the team paid Brabners Chaffe Street more than $490,000 last year, and roughly $1.8 million in legal fees dating back to 2009. (Legal fees related to the club’s upcoming IPO have not yet been disclosed.)
Man U had approximately $541 million in sales through the year ending March 31, 2012, and the team’s current debt load stands at roughly $660 million, according to its F-1 filing. The club, which with
659 million supporters scattered across the globe
considers itself the world’s most popular soccer team, is incorporated in the Cayman Islands and plans to use the proceeds from its public listing to
pay down some of its debt obligations
, according to its SEC filing.
serves as the team’s director of legal and business affairs.
is serving as Cayman counsel to Man U on its IPO, while Rochester, New York–based
Woods Oviatt Gilman
is providing counsel to longtime clients the Glazer family. The proposed public listing comes after volatile market conditions led the
team to delay plans to raise up to $1 billion
through an IPO in Singapore last year. (
Legal Week reported
that Allen & Overy, not Latham, was set to take the lead for Man U on that would-be Singapore listing.)
Davis Polk & Wardwell
global capital markets cohead Michael Kaplan and corporate partner John Meade in New York are advising underwriters for Man U’s IPO led by Bank of America/Merrill Lynch, Credit Suisse, Deutsche Bank, JPMorgan Chase, and Jefferies & Company.