Bates Wells advised a leading sporting charitable trust in connection with various amendments to its banking facilities with a leading UK clearing bank. The transaction involved detailed advice and documentation around the switching mechanism to allow for the transition in Q3 2021 away from the current interest benchmark of LIBOR (London Interbank Offered Rate) to the recommended interest benchmark of SONIA (Sterling Overnight Index Average).
We help sports stars and organisations overcome their hurdles.
Our work for sporting clients covers everything from governance advice, to funding for new facilities, to taking care of trade marks. Our clients are equally varied, ranging from grassroots clubs to national governing bodies (NGBs) and world-class sportspeople.
Sports charity work is a core focus for the team. We set up charities for the Rugby Football Union, British Gymnastics and the ECB. And thanks to campaigning by our founder, Andrew Phillips, amateur sports clubs get tax relief through the CASC scheme.
How we help
We advise on almost every issue sportspeople and organisations face. We help organisations like the Football Foundation, Lawn Tennis Association and British Cycling to develop new facilities.
We help organisations to buy or lease property. We also help international sports stars get their immigration paperwork in order.
On a more day-to-day level, we handle issues around tax, governance and trade marks. That can include advising on relationships with trading subsidiaries and helping to draft the model constitutions that go out to clubs.
Our reputation
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The team are extremely knowledgeable
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The sports team at Bates Wells has excellent knowledge of charity and not for profit sector.
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Bates Wells receives ‘nothing but praise’ for its ‘excellent level of service’, particularly in the firm’s specialism of sports charity work
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The team are passionate about third sector and deliver on challenging topics with empathy
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The practice goes above and beyond expectations
Case Studies
We advised UK Deaf Sport on corporate governance and charity law issues.
Our Sports Team
