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College NIL Fight, MLB Settlement Highlight 2023's 2nd Half

Law 360 M&A

The second half of 2023 saw yearslong issues boil over with some shocking revelations along the way, from college athletes winning class certification in a fight for the right to profit off their names, images and likenesses to MLB putting to rest its antitrust legal battle with its minor league, for now.

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Off The Bench: Harbaugh Sits, Pac-12 Chaos, A's Move OK'd

Law 360 M&A

In this week's Off The Bench, the University of Michigan, Jim Harbaugh and the Big Ten ceased their hostilities; two Pac-12 schools won control of the conference but then had that control temporarily paused; and MLB owners unanimously approved the Oakland Athletics' move to Las Vegas.

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Alex Rodriguez Goes From MLB Star To Space Investor With New SPAC Deal

Benzinga

After retiring from baseball, Rodriguez has found success with sports investments and launched a SPAC (special purpose acquisition company) in 2021 to tackle additional investments. The SPAC was set up to target the sports, media, entertainment and health and wellness sectors. Slam Corp will merge with satellite-to-phone company Lynk.

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Elon Musk Is Not Buying Manchester United But The Team Could Still Be For Sale

Benzinga

The world’s richest person created a stir in the sports world when he tweeted that he would be buying one of the most valuable and recognizable soccer teams in the world. The team is one of a handful of professional sports teams that are publicly traded. I'm not buying any sports teams. What Happened: Tesla Inc.

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Toys for Billionaires: Sports Franchises as Trophy Assets!

Musings on Markets

I have always loved sports, playing tennis and cricket when I was growing up, before transitioning to fan status, cheering for my favored teams from the sidelines. I also like finance, perhaps not as much as sports, but there are winners and losers in the investment game as well.

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Sports Private Equity: Bright Spot in a Troubled PE Landscape or an Emerging Bubble?

Brian DeChesare

Amidst the miserable deal environment of the past few years, there has been one bright spot: sports private equity. Even as deal activity, fundraising, and exits have slowed everywhere, billionaires and PE firms backed by billionaires continue to acquire and invest in sports teams. only a handful a decade ago).

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SharpLink Gaming to Acquire SportsHub Games Network to Accelerate Audience Growth, Fantasy Sports Conversion

Benzinga

sports betting and iGaming industries, today announced that it has entered into an Agreement and Plan of Merger pursuant to which it will acquire 100% of SportsHub Games Network, Inc. SportsHub"), an industry leading fantasy and sports game provider, in an all-stock transaction.