Sharks Sports & Entertainment sells ATP professional tennis tournament sanction to United States Tennis Association
Clients Sharks Sports & Entertainment LLC
Jones Day represented Sharks Sports & Entertainment LLC, an affiliate of Bay Area Tennis and the San Jose Sharks professional hockey team, in connection with its asset sale to an affiliate of the United States Tennis Association, the national governing body for the sport of tennis and the recognized leader in promoting and developing the sport's growth on every level in the United States. Pursuant to the asset purchase agreement, the United States Tennis Association acquired a sanction for an ATP professional tennis tournament currently hosted in Memphis, Tennessee.
In addition to M&A representation, Jones Day provided tax advice regarding this matter.