Fladgate LLP has acted for Clive Nates’ investment vehicle, Sportvest Capital LLP, in relation to an investment into Lincoln City FC.
Mr Nates, who joins the board of the Club, is a global equity investor and retired hedge fund manager based in Sandton, South Africa. He has followed the fortunes of Lincoln City since the early 2000s.
Commenting, Mr Nates said: “I am delighted that agreement has been reached. The funds introduced are relatively small in the context of teams at the top of the National League but they do provide stability for the Club and a fighting chance of achieving the success the fans desire. The Club still needs the ongoing support of fans and all other stakeholders, especially during difficult times, to ensure that Lincoln maintains a viable professional football club in the city.”
The Fladgate team was led by sports partner Grant Gordon, assisted by senior associate Melissa Needham.
Fladgate has a wealth of experience within the sports sector, having had an established sports practice for many years. The sports team’s clients are primarily drawn from football, motor racing, cricket, golf and cycling.