PolicyPulse.pro identifies the news that matters most to your company and helps you understand the business impact.
26.03.2024 | 🇪🇸 Spanish competition authority
Qatar Sports Investments (QSI) acquiring World Padel Tour (WPT) impacts the professional padel sports competition rights market. The merger of Premier Padel and WPT raises concerns about QSI's dominant position and potential restrictions on players participating in other tournaments. The CNMC approved the acquisition with commitments from QSI, allowing players to participate in Premier Padel tournaments in Spain without exclusivity clauses and ensuring existing contracts will not be reinstated post-merger. The commitments will last for three years, extendable for two more years.
© 2024 PolicyPulse. All rights reserved.
See something you like or don't like? Let us know!