In anticipation of closing its Series-A funding round, CheckN (www.checkN.com), a new Social Utility App that claims it “is changing the way brands, celebrities and venues engage fans,” has appointed a new member to its board. Specifically, it announced the addition of sports, business, and government executive Donald Remy, who is widely-known for over a…
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The University of Maryland Robert H. Smith School of Business is has announced that alumnus Stephen M. Schanwald ‘77, former Executive Vice President of Business Operations with the Chicago Bulls and a trailblazer in sports marketing, has given an $8 million gift to establish the Stephen M. Schanwald Sports Management Program. The gift is part…
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Mark Conrad, who directs the sports business concentration and is a professor of law and ethics at Fordham University’s Gabelli School of Business, was quoted by NBC News in an article the media outlet wrote about the New York Mets ambition to compete with the New York Yankees. The journalist suggested that “a region’s second-place franchise…
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The Securities and Exchange Commission has announced that it has filed charges against Florida-based Xtreme Fighting Championships, Inc. (Xtreme Fighting) and its CEO, Steve A. Smith, Jr., for allegedly engaging in a fraudulent scheme to illegally sell large amounts of Xtreme Fighting stock to the investing public. The complaint alleges that the stock sales were…
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Proskauer has announced the promotion of 21 lawyers (15 to partner and 6 to senior counsel), including one sports lawyer, Arthur Burke, who was promoted to partner. Burke is part of the Corporate Department and a member of the Sports Group, focusing his practice on mergers and acquisitions, material transactions, governance and general corporate matters…
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The Sport and Recreation Law Association (SRLA), whose mission is to further the study and dissemination of information regarding legal aspects of sport and recreation, announced today that it has published Safe at First, making it available through its distribution partner, Hackney Publications, at https://pubs.hackneypublications.com/SRLA/subscribe.html “This is the most detailed risk management guide ever written…
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Hackney Publications, the nation’s leading publisher of sports law publications, and Cimarron Global Solutions, renowned for their research in sport and tourism, has announced the launch of a first-of-its-kind publication examining the impact of sporting events on cities, states, regions, and countries. The publication, titled Creating Community Through Sport, will be published six times a…
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DraftKings Inc. (Nasdaq: DKNG) (“DraftKings”) has announced that it has delivered a letter to both the Non-Executive Chairman and Chief Executive Officer of PointsBet Holdings Ltd. (“PointsBet”) “setting forth an indicative offer to acquire” PointsBet’s U.S. business in an all-cash transaction with a purchase price of $195 million (the “Proposed Transaction”). DraftKings’ proposal represents a…
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Wells Fargo has announced a new Sports & Entertainment Program “focused on recognizing and supporting financial advisors who serve clients within the sports and entertainment industries.” Wells Fargo claims it “has a long history of serving the complex needs of clients with significant wealth. With the availability of the Sports & Entertainment Accredited Wealth Management…
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