Launching a new league or team in the sports industry is a complex matter, and requires trusted counselors and partners to navigate through the various legal issues that arise. Our firm’s platform, depth of experience, and holistic view of the sports industry offers clients practical, efficient advice for new sports organizations.
Emerging teams and leagues turn to our global Sports Industry team as trusted advisors as they break into the market and establish themselves. Our lawyers have extensive experience and draw upon the multidisciplinary strength of our firm’s platform to guide new sports teams and leagues through all phases of growth in this rapidly expanding industry, from the initial stages of entity formation to assisting with the development of growth and expansion plans once the venture has been established. We have experience in organizing and structuring entities in both the single-entity and franchisee models, and regularly counsel client on the pros and cons of each approach.
Raising capital is one of the most important–and necessary–goals of a new team or league, and our lawyers can help with financing, capital offerings, shareholders agreements, convertible notes, and debt offerings. Another priority for newly-established teams and leagues is reviewing real estate and facility ownership needs. Our lawyers harness a vast knowledge of opportunity zones and other tax incentives to help clients secure the best option financially for their facility or stadium.
We help emerging teams and leagues draft and negotiate a broad range of contractual agreements, including player and coach contracts, sponsorship and naming rights agreements, suite licenses, venue use agreements, apparel contracts, broadcast and media rights deals, and other strategic collaboration agreement.
We also help emerging leagues or teams with intellectual property, data privacy, immigration, and labor and employment matters – all critical issues that face new organizations.
On 22 December 2020, the U.S. Securities and Exchange Commission (SEC) adopted amendments (the final rule) to Rule 206(4)-1 under the Investment Advisers Act of 1940 (the Advisers Act) to modernize the regulation of investment adviser advertising and solicitation practices.
There is a growing need for alternative sources of capital for businesses that either cannot obtain, or do not want, traditional loans or private equity investments.
There is a lot of buzz around clean technology, distributed energy resources (DERs), microgrids, and other technological innovations in the renewable energy and clean transport industries and how these developments can contribute to solving longstanding environmental justice issues.
Many Florida hospital-based pathology groups have long-standing provider agreements contracts with Cigna, which have been called into question by Cigna’s repeated discussion of changing its “Modifier 26 Professional Component Reimbursement Policy."
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