Ballard Spahr represented Phoenix Rising FC—a professional soccer franchise—in the sale of an interest in the team to international soccer investment group Advantage Sports Union Ltd.
The transaction is expected to strengthen Phoenix Rising FC’s bid for Major League Soccer expansion while connecting Asian, European, and North American soccer interests.
Phoenix Rising FC currently plays in the United Soccer League and is the highest-level professional soccer franchise in Arizona history. Established in 2013, it is one of 11 cities applying for Major League Soccer expansion.
Advantage Sports Union is an internationally known sports company focused on soccer. Its chairman, Alex Zheng, is a renowned global entrepreneur who also is a key investor in French Premier Ligue 1 professional soccer team OGC Nice. Mr. Zheng brings his extensive knowledge of hospitality, tourism, international soccer, and business to Phoenix Rising FC as its newest owner and director of the club’s governing board.
Ballard Spahr advised Phoenix Rising FC with a team including Travis J. Leach (Picture) and Chloe J. Steadman.
Law Firms: Ballard Spahr Stillman & Friedman LLP;
Clients: Phoenix Rising Football Club;