Case Study: mlplaw facilitates EOT transition for leading UK sports retailer
- Case Studies
- 30th Jan 2025
mlplaw has advised one of the UK’s leading sports retailers on a transition deal to make it an employee-owned business. We worked alongside the company’s accountants and tax advisors to develop the deal, which sees the retailer become a 95% employee-owned entity using an employee-ownership trust (EOT) model. The deal protects the future of the […]
By Max McGenity
MLP Law
mlplaw has advised one of the UK’s leading sports retailers on a transition deal to make it an employee-owned business.
We worked alongside the company’s accountants and tax advisors to develop the deal, which sees the retailer become a 95% employee-owned entity using an employee-ownership trust (EOT) model.
The deal protects the future of the company and ensures that the ethos under which it was founded remains even after its original owners have transferred control.
The retailer’s Managing Director (and outgoing shareholder) said:
“After exploring several succession planning options, we found that the EOT model was the best way forward, offering attractive benefits for both the shareholders and employees. We are very grateful for the expertise and guidance provided by mlplaw, whose knowledge and experience provided us with clear advice and guidance throughout our EOT journey. We would highly recommend them.”
We offer our biggest congratulations to the business on this exciting new chapter!
About the expert
Max McGenity
Solicitor – Corporate Team
Max is a Solicitor in the Corporate team and works with a variety of clients such as owner-run businesses, national corporations and private individuals. Having joined mlplaw as a Corporate Paralegal in November 2021, Max has built up experience in this area and hopes to continue developing his Business Services skillset. Max graduated from the University of Oxford in 2014 and has since been a manager at a national education charity and started his own business as a Personal Trainer and Yoga Teacher. He completed his LPC and LLM at BPP University Manchester, having gained legal work experience at both a mid-sized Liverpool practice and a large London firm. Having stepped away from the fitness industry to return to the law, Max’s love of exercise continues outside of work; he is a regular gym-goer and a fan of physical challenges. He also enjoys live music and comedy, and a good pub quiz.
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