Corrum Capital finances the acquisition of Mexican football club "Gallos Blancos de Querétaro"

Cuatrecasas has advised Corrum Capital Management on the financing of the acquisition of first-division Liga MX football club “Gallos Blancos de Querétaro” by a consortium led by U.S. entrepreneur Marc Spiegel.

This transaction concluded a process that began with negotiations commencing last September 2024, and formally taking shape on May 26, 2025, when the Assembly of Owners of Liga MX unanimously authorized the incorporation of the new ownership following the filing of the corresponding affiliation substitution request in the immediately preceding month of April. The closing of this transaction, following the completion of customary regulatory processes, coincided with a symbolic date for the institution, as it was formalized during the same week that the club celebrated its 75^th anniversary, providing new momentum to its legacy within Mexican football.

As noted by the Mexican Football Federation (“FMF”), this agreement represents a significant step towards the consolidation and international projection of Liga MX for, among others, the following reasons: (i) the transaction was completed for a record breaking amount for Mexican football league, reflecting and strengthening the value of sports assets within the league; (ii) it confirmed the interest and confidence of foreign capital in Mexican football, opening new opportunities for the institutional and competitive development of the tournaments; and (iii) it advances towards the elimination of multi-ownership in Mexican football, in line with the governance principles established by the FMF and Liga MX.

The Cuatrecasas team involved in the transaction was led by partners León López and Gizeh Polo, and included associates Javier Rodríguez Melo and Ricardo Medina, among others.