Cornish+Pani Abogados acted as legal and business advisor to Lucha Libre AAA in connection with the acquisition of this iconic Mexican wrestling promotion by WWE, a subsidiary of TKO Group Holdings (NYSE: TKO), in partnership with Fillip, a Mexico-based holding company focused on strategic investments in the sports and entertainment sectors.

Publicly announced during the WrestleMania 41 Countdown Show in Las Vegas on April 20, 2025, this transaction represents a historic moment in the evolution of the global sports entertainment industry. The transaction combines WWE’s international platform with the cultural relevance and legacy of AAA, founded in 1992 by Antonio Peña and led for more than three decades by the Peña family.

Through this acquisition, WWE, Fillip, and the Peña family will jointly drive the sustained growth and internationalization of AAA, strengthening its historic identity and opening new avenues for expansion, innovation, and long-term value creation within the industry. The transaction also included the participation of Latham & Watkins LLP, Creel, García-Cuéllar, Aiza y Enríquez y Sainz Abogados, who acted as legal advisors to the buyers.

This transaction reflects the growing dynamism of the global entertainment market and required careful coordination across different jurisdictions, legal systems, and institutional players. It is a testament to the strategic vision and collaborative effort of all parties involved.