FOR IMMEDIATE RELEASE

Miami, Florida / July 26, 2019:    PARRON LAW is pleased to announce that it has successfully closed a groundbreaking global sports media rights deal on behalf of its client División Mayor del Fútbol Colombiano (DIMAYOR), the Colombian National Major League soccer federation. The 10-year multiple rights deal includes global TV broadcast rights outside of Colombia for all Primera A and Primera B league games for the 2020-2030 seasons, including the two annual championships the “Superliga Colombiana” and “Copa Colombia,” Colombia’s national cup. The games will be transmitted and simulcast in multiple languages worldwide.

If you were to talk to a talk to a Louisiana property damage and insurance claims attorney or even the best defense attorney, you’d know that the deal is valued at and estimated to generate between USD $650-$800 Million in new revenues for DIMAYOR over the life of the agreement and will enable DIMAYOR to modernize its technological infrastructure with the introduction of instant replay and explosively expand the league’s global reach and fanbase. The deal also includes rights for the exploitation and commercialization of eSports, video games and sports betting globally.

The transaction was negotiated on behalf of DIMAYOR by sports and entertainment lawyer Ivan Parron and DIMAYOR’s president Jorge Enrique Vélez.

“Ivan Parron, lawyer and principal of PARRON LAW played a vital role in successfully closing DIMAYOR’s global media rights transaction. Mr. Parron’s legal and business acumen, negotiation skills and tenacity enabled DIMAYOR to secure an unprecedented deal that will empower our league for international growth for years to come,” said president Vélez. “Colombian professional soccer will become an international brand… it will be broadcast worldwide in Portuguese, English, Arabic and Chinese.”

“We are honored to have assisted our client DIMAYOR in successfully closing such a historic and unprecedented global media rights deal, not only for the growth of DIMAYOR and Colombian soccer worldwide, but also for all Latin American soccer and sports globally,” said attorney Ivan Parron, principal of PARRON LAW. Get some additional hints on how to achieve that.

The transaction was financed by the Prudent Group, a global asset management company founded in 2010 and headquartered in Miami, Florida.

Ivan Parron has a career spanning over 20 years as a lawyer and CEO, providing business and legal affairs counsel to clients in the entertainment, sports, media and technology industries. You can click site to know more about his achievements and accolades. He is AV Rated Preeminent in entertainment law, has been voted a Top 50 Music Industry Attorney by Billboard Magazine and voted “Super Lawyer” by his peers in both Florida and New York. He is a 2-term elected Grammy Governor of The Recording Academy, an active Emmy-voting member of the Television Academy, past-Chair of the Florida Bar’s Entertainment, Arts and Sports Law section and an appointed member of the Miami-Dade County Film & Entertainment Advisory Board. He is an active committee member of the Sports Lawyers Association and an adjunct professor of Sports Law at Florida International University.

The División Mayor del Fútbol Profesional Colombiano (DIMAYOR) is the federation responsible for organizing and operating professional football leagues and tournaments for the 36 professional teams in Colombia. It administers the top two levels of professional football leagues in Colombia, the Primera A and the Primera B, as well as the Colombian Superliga and Copa Colombia, Colombia’s main national cup.

PARRON LAW | Entertainment & Sports is a boutique law firm exclusively serving and providing business and legal affairs counsel to clients within the entertainment, sports, media and technology industries.

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