A Katten team led by Sports and Sports Facilities Partner and Co-Chair Daniel Render acted as legal advisor to Blue Owl HomeCourt Partners’ fund (HomeCourt), a division of Blue Owl’s GP Strategic Capital platform in connection with its purchase of a minority stake in the Cleveland Cavaliers. HomeCourt, which partnered with the NBA in 2020…
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A new study has found little evidence that the NFL’s draft order accurately predicts player performance, raising questions about how teams value draft picks and evaluate talent. Researchers analyzed data from 2,544 players selected in the NFL Draft between 2011 and 2020 and found that players chosen earlier in the draft generally did not outperform…
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As the 2026 FIFA World Cup gets underway, new analysis from ACI Worldwide (NASDAQ: ACIW), an original innovator in global payments technology, shows that the fraud patterns seen around previous major tournaments are already in play, exposing fans and ticket sellers to heightened risks. Based on 24.5 million transactions across 61 live-event merchants serving global fan audiences,…
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Tom Dundon, Owner and Governor of the National Hockey League’s Carolina Hurricanes, has announced that three new investors – Brett Jefferson, Marc Grandisson and Bobby Farnham – have joined the ownership group. Dundon retains majority ownership and will continue as lead governor of the team, while Jefferson, Grandisson and Farnham each hold a minority ownership…
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Proskauer advised League One Volleyball (“LOVB”) on a strategic investment from Synergy Sports Capital (“Synergy”), the $150 million private equity fund led by former NFL players Terrence C. Murphy Sr. and Reggie Bush. As part of the investment, Synergy will assume operating rights to LOVB’s Salt Lake team. Founded to acquire controlling stakes in dynamic…
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U.S. Bank has hired former NFL player and veteran financial professional Steven Israel as a wealth management consultant, expanding its efforts to serve professional athletes following the bank’s recent partnership with the National Football League. Israel will serve as an ambassador in U.S. Bank’s athlete-focused banking and wealth management initiatives, helping professional athletes navigate financial…
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Dynasty Financial Partners announced yesterday its new role as the Official Wealth Management Partner of the United Football League (UFL). This partnership unites two organizations “defined by bold thinking, entrepreneurial spirit, and a shared commitment to rewriting what’s possible — on the field and beyond,” according to a press release. The release continues below: A…
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Grungo Law, a personal injury law firm serving South Jersey and Philadelphia, has announced a new community partnership with Saint Joseph’s University Athletics. Richard Grungo Jr., Esq., Founder of Grungo Law and an alumnus of Saint Joseph’s University said of the partnership: “We’re extremely proud to partner with St. Joe’s. Standing with the community that’s…
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Kutak Rock has announced the formation of its College Athletics and Private Capital Focus Group, a multidisciplinary team within the firm’s College Athletics Industry Practice Group, designed “to help colleges and universities navigate the rapidly changing landscape of collegiate athletics. “ Attorney John Long, a nationally recognized college athletics attorney who recently joined the firm,…
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With Major League Baseball’s winter meetings in full swing, Wake Forest University professor, economics expert and baseball enthusiast Todd McFall looks at the options for an expansion in North Carolina through an economic lens. Charlotte and the Raleigh-Durham area are both strong contenders for a Major League Baseball expansion team. What is attractive about these…
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