Category: financial

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Jim Solano, a Legend in the Sports Agency Industry, Dies at 81

Jim Solano, a legend in the sports agency industry, a philanthropist in the community, professor and loving family man died peacefully at his home on January 26 surrounded by family. He was 81 years old.  Jim received his BS, MBA and MS in Taxation degrees from Temple University. After graduate school Jim began a five-decade…
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Attorney Provides Insights about Widow of San Diego Padres Owner and Her Allegations of Foul Play

Marc M. Stern, a partner in Greenberg Glusker’s Private Client Services Group, provided insights to WealthManagement.com on the ongoing family legal battle over control of the San Diego Padres. An excerpt follows: While without additional facts, it’s difficult to tell which side will prevail, said Marc M. Stern, a partner in the Private Client Services Group at Greenberg…
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Hogan Lovells Advises Investor Group in the Acquisition of Hellas Verona Football Club

Hogan Lovells, a global law firm with deep expertise in the sports industry, advised Presidio Investors, an Austin, Texas-based private equity firm, in its announced acquisition of 100% ownership of the Hellas Verona Football Club.  The announcement was made by Presidio and Maurizio Setti, and Presidio is committed to building upon the foundation created by…
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WNBA Players Look to MLS and NWSL Financial Models; It’s Risky

By Christopher R. Deubert, Senior Writer at Hackney Publications In February 2020, MLS and the MLS Players Association (MLSPA) agreed to an unprecedented provision in their new collective bargaining agreement (CBA) – the salary budget (cap) would increase if MLS’ broadcast revenues increased “above the amount generated by the league in 2022 plus $100 million.”…
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Former CLO at NCAA Joins Board of Startup, Invests in Pro Team

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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Maryland’ Sports Business Management Program Gets a Major Endowment

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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Sports Law Professor Quoted By NBC News in Article About Mets’s Ambition to Compete with Yankees

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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SEC Cracks Down on CEO of Xtreme Fighting Championships, Inc. for Fraudulent Scheme

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 Promotes Sports Lawyer to Partner

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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SRLA Publishes Safe at First, a Detailed Risk Management Guide for the Academic Community and Industry Professionals

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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