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Youth Sports Investment Group Bags Soccer, Baseball Cos.

Law 360 M&A

Unrivaled Sports, a youth sports-focused investment group led by the owner of the NFL's Washington Commanders, NBA's Philadelphia 76ers and NHL's New Jersey Devils, is quickly building its portfolio since launching last month, with two acquisitions announced Monday and last week.

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Team Sales Not Assured Despite James Dolan Assault Suit

Law 360 M&A

Although recent history features multiple examples of professional sports team owners being forced out after allegations of misconduct, legal experts say there's no guarantee that James Dolan, executive chairman of Madison Square Garden Sports, will be punished by the NBA or NHL after he was accused of sexual assault in a federal lawsuit.

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Sports-Focused SPAC Leads 2 IPO Filings Totaling $350M

Law 360 M&A

A sports and entertainment focused blank-check firm, whose board of directors includes former NBA star Magic Johnson and a former Disney executive, was among two special-purpose acquisition companies to file initial public offerings Thursday for a combined $350 million.

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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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Off The Bench: NBA Sales, More Crypto Woes, Favre Appeal

Law 360 M&A

In this week's Off The Bench, two NBA franchises engineer massive shake-ups in their ownership structures, new lawsuits target the sports world's entanglement with cryptocurrency, and NFL Hall of Famer Brett Favre appeals his loss in a defamation case.

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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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Sports Execs' SPAC Sues In Chancery Over Terminated Deal

Law 360 M&A

A blank-check company tied to major sports executives, including the former agent of NBA legend Michael Jordan, launched a suit in Delaware's Chancery Court to stop French mobile payments company Digital Virgo Group from backing out of their agreement to merge.

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