Tonkon Torp Facilitates Sale for Nike
Tonkon Torp attorneys represented Nike in the recent sale of United Soccer Leagues. Led by partner Tom Palmer, a team of Tonkon business attorneys negotiated and completed the sale of the league to Atlanta-based NuRock Soccer Holdings LLC. The transaction also included a nine-year sponsorship agreement making Nike/Umbro the exclusive athletic apparel and soccer ball sponsor of the USL.
Tonkon Torp has provided legal services to Nike for over 25 years, from its initial public offering to the present, including some of the footwear giant's most visible acquisitions such as Converse, Official Starter and Cole Hahn.
Nike acquired United Soccer Leagues as part of its purchase of Umbro in early 2008. United Soccer Leagues includes about 127 soccer clubs and over 500 youth league teams.
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