Spain
Cuatrecasas advises FIP on granting license for Hexagon World Series, representing major boost for professional padel
December 24, 2025
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SubscribeCuatrecasas has advised the International Padel Federation (known by its Spanish acronym “FIP”) on the structuring and granting of a new license for Hexagon to exploit the economic rights of team padel, as part of the launch of the Hexagon World Series, a new global team padel circuit that will be fully governed by the FIP. The transaction incorporates 54, the sports and entertainment agency owned by Saudi Arabia’s Public Investment Fund (PIF), as an investor and strategic partner for the development of the circuit, thus consolidating the professional padel ecosystem through this transaction.
The Hexagon World Series was created as an evolution of the Hexagon Cup and will be legally integrated into the professional circuits governed by the FIP, along with Premier Padel and the Cupra FIP Tour. It forms a modern, competitive framework, coordinated and aligned with the growth plan and federative governance of the sport and the search for recognition by the International Olympic Committee as an Olympic sport.
With this transaction, the FIP furthers the modernization process of padel that began in 2022 with the license granted to Premier Padel to manage the economic rights of the main individual padel tour. The new license granted to Hexagon for the team circuit completes the construction of an integrated ecosystem that (i) optimizes resources and preserves sporting integrity; and (ii) consolidates the FIP as the sole governing body of padel, guaranteeing unified and stable governance geared toward long-term sustainability and its Olympic road map.
The transaction also underscores the commitment of top-tier international operators and investors, including PIF and Qatar Sports Investments, to a sporting model organized and guaranteed by the international federation, as opposed to private or purely entertainment-based schemes not backed by federation structures. "This support reinforces the perception of the federation model as a lever for stability and legal certainty for return on investment and confirms the current economic and sporting growth of padel, which attracts investors, broadcasters, sponsors, promoters, and global audiences," emphasizes Roberto Álvarez, coordinating partner of the Sports and Entertainment Group at Cuatrecasas, who led this transaction along with Marta Máñez and Claudio Hoyos.
Regarding the complexity of the process, Marta Máñez states: “It has been a very interesting and novel transaction in the world of international sport. Unlike other licenses for the economic rights of sporting disciplines—where, until the date of the transfer, the competition was exploited in all its aspects by the international federation itself—in this case, what we have had to regulate is the entry under the federation's umbrella of a competition that already existed (although outside the federation's sphere). Therefore, the complexity has consisted of legally integrating the rights of the federation as the governing body of the sport with the rights, organizational structure, and configuration of rights inherent to a preexisting competition.”
December 24, 2025
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