A recent analyst has projected that the sports sponsorship market, which was valued at $73.8 billion in 2022, is estimated to reach $8.73 Billion by 2032, growing at a CAGR of 7.1% from 2023 to 2032. The term “sports sponsorship” is a contractual arrangement in which a firm or brand contributes money or other resources…
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Congressman Michael Baumgartner (WA-05), chair of the bipartisan College Sports Caucus and Vice Chair of the Higher Education Subcommittee of the Education and the Workforce Committee, has introduced H.R.5693, the PROTECT Act, “to prevent private equity from taking control of college sports or leveraging future athletics revenues and other assets as collateral for private and foreign…
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(Editor’s Note: the following is shared from Esports and the Law, a free publication to industry participants available at https://esportsandthelaw.com/) Hero Esports, the largest esports company in Asia, participated this winter in the LEAP Conference in Riyadh, Saudi Arabia, where Danny Tang, Co-Founder and CEO of Hero Esports, joined fellow panelists including HRH Prince Faisal…
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The Premier Lacrosse League (PLL) and Women’s Lacrosse League (WLL) announced today a multi-year partnership with U.S. Bank, establishing it as the Official Banking and Wealth Management Partner of both leagues. The partnership, which begins with the 2025 season launching May 30, represents “a strategic investment in the growth of professional lacrosse.” Additionally, U.S. Bank…
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Proskauer has announced that it advised TGL presented by SoFi (“TGL”) in connection with the formation of its seventh team: Motor City Golf Club (“MCGC”). MCGC is the first expansion team for TGL, the primetime, team-based golf league founded by TMRW Sports together with Tiger Woods and Rory McIlroy, in association with the PGA TOUR,…
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A Katten team led by Sports and Sports Facilities Partner Daniel Render represented the Larry H. Miller Company (LHM) in acquiring a controlling interest in the operating rights to the Major League Soccer (MLS) club Real Salt Lake and the National Women’s Soccer League’s Utah Royals. The transaction includes the acquisition by LHM of a…
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The NCAA has named Chris Termini as vice president of championships business affairs. With more than 15 years of experience in sports business and law, Termini has played a pivotal role in driving the NCAA’s external operations and strategic partnerships. In his new role, he will continue leading external operations while serving as the department’s…
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As the recent surge of institutional capital and private equity (PE) funding continues to reshape the sports finance landscape, panelists at the 2025 Jeffrey S. Moorad Sports Law Journal Symposium at Villanova will discuss the evolving methods of investing in sports as an asset class in a half-day program, Investing in Sports: The Future of…
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Boston Basketball Partners LLC has announced it has entered into a definitive agreement to sell the Boston Celtics to an investor group led by William Chisholm, a lifelong Celtics fan and Boston-area native, pending NBA Board of Governors approval. Wyc Grousbeck will continue in his roles of CEO and Governor, overseeing team operations, through the…
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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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