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Consortium Storms in to take over team
News Limited has sold NRL team Melbourne Storm.
Digital
Firms:Hall & Wilcox (Bart Campbell-led consortium); Allens (External counsel to News Limited)
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Deal:The sale of NRL team Melbourne Storm by News Limited to a private consortium led by New Zealand entrepreneur Bart Campbell
Area: M&A
Value:Confidential
Key players: The Hall & Wilcox team was led by partner and head of the firm’s corporate & commercial practice Bruce McFarlane (pictured), who was supported by special counsel Matthew Bridges
Deal significance: The consortium concluded negotiations for the sale late last month. The sale represents News Limited’s last ownership stake in NRL clubs. McFarlane said he was pleased to advise on the transaction: “The Melbourne Storm is one of Australia’s dominant sporting franchises and we were privileged to work alongside the team’s new owners during the purchase.”
