DLA Piper advises Northland Investment Corporation and Larry Gottesdiener in acquisition of the Atlanta Dream

DLA Piper represented Northland Investment Corporation and Larry Gottesdiener in the acquisition of the Atlanta Dream, a WNBA franchise, from former US Senator Kelly Loeffler and Mary Brock.

In addition to Gottesdiener, the chairman of Northland Investment Corporation, the new ownership group also includes Suzanne Abair, Northland’s president, and former Dream player Renee Montgomery, who will be the first former WNBA player to become a WNBA franchise owner.

“We were pleased to bring our experience advising on significant transactions in the sports industry to complete this acquisition for Mr. Gottesdiener, who has been an outspoken advocate for the Dream,” said Richard Rubano, the DLA Piper partner who led the firm’s deal team.

In addition to Rubano, the DLA Piper team also included of counsel Alexander Steinberg (both of New York). 

With more than 1,000 corporate lawyers globally, DLA Piper helps clients execute complex cross-border transactions seamlessly while supporting clients across all stages of development. The firm has been rated number one in global M&A volume for 11 consecutive years, according to Mergermarket. 

DLA Piper's market-leading international team of sports lawyers has advised on some of the most significant transactions in the sports industry, including multi-billion dollar acquisitions and sales of sports franchises, joint ventures, stadium and arena developments, team financings, media and sponsorship arrangements, and regulatory and administrative issues.