The National Commission of Markets and Competition (CNMC) has given its approval, with commitments, to the merger of World Padel Tour (WPT) with Premier Padel, under the ownership of Qatar Sports Investments (QSI). This decision, announced in an official statement, marks a milestone in the market of professional paddle sports competition exploitation rights.
The CNMC identified competition risks in the operation, especially regarding the dominant position that Premier Padel, under the umbrella of QSI, could acquire in the market. The main concern revolved around the possible imposition of exclusivity clauses that could limit the participation of players in other competing tournaments.
To address these issues, QSI committed to a series of measures. Players will have the freedom to participate in Premier Padel circuit tournaments in Spain without the need for exclusive agreements or affiliations with associations. Additionally, exclusivity clauses will not apply to tournaments in Spain, regardless of existing agreements with Premier Padel or affiliation with associations. These commitments will be valid for three years, with the possibility of extension for an additional two years.
The CNMC considers these commitments sufficient to mitigate the identified risks and ensure fair competition in the professional paddle sports market. It is expected that this merger, with its safeguards, will usher in a new era in the sport, characterized by fair competition and the open participation of players in various tournaments.
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