Joint Venture – Advance Deposit Wagering Business

Represented New York Racing Association in a joint venture formed to conduct a national advance deposit wagering business.

West Side Project – Naming Rights

Represented a nationally prominent real estate firm, as lead counsel, in structuring and negotiating primary naming rights and secondary cornerstone sponsorship agreements for a mixed-use real estate development project located on the west side of Manhattan, one of the largest private real estate developments in New York City since Rockefeller Center.

New York Yankees – $1.5 Billion Stadium Financing

Represented a special purpose entity that is an affiliate of the New York Yankees in the issuance of municipal tax-free and taxable bonds by the New York City Industrial Development Agency in an aggregate amount of approximately $1.5 billion, which financed the lease of the site and construction of a new, state-of-the-art stadium.

Stadium Development – Oakland Raiders

Represented New City Development in a proposed plan to develop a new stadium for the National Football League's Oakland Raiders. The $1 billion stadium would be the centerpiece of a proposed $4 billion Coliseum City development.

Legends Hospitality – Technology Investment

Represented Legends Hospitality in an investment in VenueNext, a technology company that provides smartphone-based software that gathers fan metrics and analytics at stadiums, arenas and other large scale entertainment venues.

Legends Hospitality – Equity Investment

Represented Legends Hospitality in its equity investment in DraftKings, a leading provider of daily fantasy sports contest services.

New York Yankees – BOC SPE Analysis

Analysis of MLB league-wide proposal to provide the Office of the Commissioner of Baseball with greater oversight and involvement in MLB team bankruptcy and other insolvency proceedings.

Emmes Group of Companies – Restructuring

Represented Emmes Group of Companies in the completion of the spin-off of Emmes Asset Management Company, renamed Vanbarton Group, and the formation of Emmes Realty Advisors from the existing Emmes entity.

Champions League, Inc. – New League Formation

Represented Champions League, Inc., in the formation and organization of a new champions basketball league. We are advising on league structuring and on antitrust, ownership, league, securities law and franchise law issues. In addition, Herrick advised on the sale of the initial franchises. The league will have 16 teams and 2 divisions.

Lexington Legends Acquisition

Represented a purchaser in the acquisition of the Lexington Legends Minor League Baseball team and the team's home stadium, Whitaker Bank Ballpark. The Lexington Legends, based in Lexington, Kentucky, is an affiliate of the Kansas City Royals.

Legends Hospitality – Live Nation Strategic Partnership

Represented Legends Hospitality in a major strategic partnership with Live Nation to provide concession services at 34 of Live Nation's music venues in North America. The partnership represents one of the largest venue food and beverage contracts in history.

Yankee Global Enterprises – Refinancing

Represented Yankee Global Enterprises in a refinancing of its senior secured credit facility with a bank syndicate.

Joint Venture/Employment Arrangement

Represented client in a consulting arrangement with Sports Professional Management, Inc., a sports agency business.

Emmes Capital LLC – 180 Water Street

Represented an affiliate of Emmes Capital in a real estate development joint venture involving partial conversion of office space into residential units.

CFG Stadium Group – Soccer Stadium Development

Represented an affiliate of New York City Football Club in the negotiation of a memorandum of understanding with the City of New York for the financing, construction, development and build-out of a new soccer stadium.

Tampa Bay Lightning – Arena Naming Rights

Represented Tampa Bay Lightning in the negotiation of the new arena naming rights for this NHL franchise. The deal has Tampa Bay-based Amalie Oil Co. assuming naming rights of the 19,204-seat arena. The arena, which was formerly the Tampa Bay Times Forum, will now be known as Amalie Arena.

Legends Hospitality – New Technology Investment

Represented Legends Hospitality in a proposed investment in software that consolidates sports franchise data.

New York Market Radio – General Corporate

General corporate representation of New York Market Radio, a non-profit marketing association supported by the New York area radio stations.

Sterling Equities – Joint Venture Formation

Represented Sterling Equities in the joint venture formation of the Brooklyn Bolts, one of four teams in the new Fall Experimental Football League ("FXFL"). The FXFL is a professional football league which serves as a developmental platform for players, coaches and referees.

Buffalo Bills Acquisition

Represented a final round bidder, a consortium of high-net-worth individuals and institutional investors, in the proposed acquisition of the Buffalo Bills NFL franchise, and in related stadium issues and compliance matters with the NFL constitution.

Private Equity – Venture Capital Fund

Represented a private equity firm in establishing a semi-independent venture capital fund platform, including the negotiation of the terms of the venture capital fund platform documents and related compensation and governance issues.

NYCFC – Radio Broadcast

Represented the New York City Football Club (NYCFC) in a multi-year radio license with CBS Radio beginning in 2015 to broadcast NYCFC’s Major League Soccer matches on WFAN 660 AM / 101.9 FM, the first and most listened to sports radio station in the nation. CBS Radio also has the option under the license to broadcast friendly matches played by NYCFC during the multi-year partnership timeframe. NYCFC is Major League Soccer’s 20th expansion club and the first Major League Soccer club to call New York City home.

Balfour Investors Inc. – Cleancor Joint Venture

Represented domestic and foreign private equity investors affiliated with Balfour Investors Inc. (“Balfour”) in the formation of Cleancor Energy Solutions LLC (“Cleancor”) joint venture. Cleancor is an energy merchant bank focusing on financing for and investment in clean-fuel start-up or early stage enterprises, technologies, infrastructure, logistics services and projects. Balfour is a merchant bank whose principals have acquired assets across a multitude of industries for more than 35 years.

Chicago Cubs – CBS Radio Broadcast Rights

Represented the Chicago Cubs in a multi-year radio license with CBS Radio to broadcast Cubs games on WBBM Newsradio 780AM beginning in 2015. The radio license is part of a sports and entertainment partnership that also includes several promotional initiatives across all seven of CBS Radio's local Chicago radio stations and digital and social media platforms. Additionally, the partnership will create and produce live music events at or near Wrigley Field.

Yankee Global Enterprises – 21st Century Fox

Represented the New York Yankees and Yankee Global Enterprises in 21st Century Fox's multi-billion dollar acquisition of a majority stake in the Yankees Entertainment and Sports Network (YES Network). The two-step acquisition raised 21st Century Fox's ownership position in the regional sports network to 80 per cent. The remaining 20 per cent stake continues to be held by Yankee Global Enterprises.

Legends Hospitality – Concessions Operations

Represented Legends Hospitality in transactions involving the operation of all food and beverage concessions and premium catering at both Angel Stadium of Anaheim and Tempe Diablo Stadium.

Yankee Global Enterprises – Major League Soccer Team

Represented an affiliate of Yankee Global Enterprises, LLC and the New York Yankees in their joint venture effort with the English Premier League's Manchester City to bring a new Major League Soccer team to New York City. The new team, called New York City Football Club, will begin play in 2015 and will be Major League Soccer's 20th franchise.

Private Investment Firm – Venture Capital

Represented large private investor in connection with the preparation and negotiation of terms sheets for complex equity investment in a variety of privately held businesses.

Private Equity Firm – Fiber Optic Network Development

Represented private equity investment firm in the arrangement of a joint venture with the objective of expanding fiber optic cable networks in a major municipality.

Horizon Telecom – Securities and Reorganization Issues

Representation of Horizon Telecom, a publicly traded facilities-based telecommunications carrier that provides voice and data services to commercial, residential and local market segments, in connection with its securities law issues and the reorganization of its wireless personal communications service provider subsidiary.

Joint Venture – Sports Professional Management, Inc.

Represented client in a consulting arrangement with Sports Professional Management, Inc., a sports agency business.

Plainfield Asset Management – Westside Transload / Transload America

Represented Plainfield Asset Management in its investment in operators of solid waste transfer stations on federally regulated railroad property. We protected our client’s minority equity position in these operators by implementing stockholders’ agreements with broad super-majority approval provisions, and helped navigate federal and state environmental regulations and federal pre-emption issues.

Investment Firm – Venture Capital Investments

Represented off-shore investment firm in connection with its ongoing venture capital investment activities. The firm invests in domestic, as well as foreign companies with a primary focus on medical devices and hi-tech Israeli start-up companies.

Yankee Global Enterprises – Senior Credit Facility

Represented Yankee Global Enterprises in the refinancing of its senior credit facility consisting of a term loan and a revolving line of credit. Yankee Global Enterprises is a holding company that invests in media and sports-related businesses, including the New York Yankees.

Investor Group – San Diego Padres

Represented an investor group including former MLB All-Star in a bid to acquire the San Diego Padres.

Yankee Global Enterprises – Triple A Acquisition

Represented Yankee Global Enterprises and affiliates in the acquisition of franchise rights for the New York Yankees minor league Triple A affiliate based in Scranton/Wilkes-Barre.

Royal Bank of Scotland – Distressed Debt

Represented Royal Bank of Scotland in its trading activities involving various tranches of distressed bank debt.

Telecommunications Company – NYC Fiber Optic Franchise

Representation of a major new telecommunications company in negotiating and obtaining approval for New York City franchise to install fiber optic cable throughout the City of New York.

Emmes Asset Management Company LLC – Acquisition

Represented Emmes Asset Management in connection with the acquisition of a preferred equity interest in Waterside Plaza, a multi-family residential complex on the East River.

Highbridge Capital Management – Los Angeles Dodgers

Advised Highbridge Capital Management regarding the rules and regulations applicable to Highbridge's $60 million interim bankruptcy financing to the Los Angeles Dodgers. We also advised Highbridge on its proposed long-term $150 million credit facility to the Los Angeles Dodgers.

Stellar Pharmaceuticals Inc. – Private Placement

Represented Stellar Pharmaceuticals Inc. in a cross-border private placement of units consisting of one million common shares and three series of "step-up" warrants to purchase up to an additional three million common shares.

New York Yankees—Network Video Distribution

Representation of the New York Yankees in connection with a video distribution agreement between Major League Baseball Advanced Media and the YES Network, the primary broadcaster of New York Yankees games.

Real Estate Investment Manager – Private Equity Joint Venture

Represented affiliate of major real estate investment manager in a JV transaction with private equity fund. The JV was formed to identify, acquire hold and dispose of first loss position, unguaranteeed bonds issued in connection with multi-family bonds issued Freddie Mac under its capital execution program.

LED Display Manufacturer – Employment Issues

Represented an LED display manufacturing company in employment issues, restrictive covenant enforceability, and contract disputes.

New York Yankee Affiliate – Joint Venture

Representation of a New York Yankees' affiliate in connection with the creation of a joint venture that would seek to build upon the value associated with the marks and other intellectual property rights of the New York Yankees by seeking licensing arrangements for the branding of products within certain designated consumer product categories.

Sports Company – Memorabilia

Representation of company jointly owned by the New York Giants and New York Jets in connection with the entry into a memorabilia sales agreement with Steiner Sports. Under the agreement, Steiner Sports was granted the right to effect sales of stadium seats, signage, field goal netting and other Giants Stadium memorabilia.

NFL Player’s Hollywood Restaurant Joint Venture

Represented SFF Investments LLC, which is wholly owned by a current All-Pro NFL player, in a joint venture to create a Rolling Stone-branded restaurant and bar in Hollywood, CA.

New York Yankees/Top Rank – Stadium Slugfest

Represented both Top Rank and the New York Yankees in the Stadium Slugfest event at Yankee stadium. The event featured the Super Welterweight Championship bout between Yuri Foreman and Miguel Cotto. This was the first boxing event at the new Yankee Stadium, which generated a great deal of media coverage and was offered as part of HBO's regular subscription service rather than pay-per-view. We represented Top Rank and the Yankees with respect to the site agreement, and also produced all agreements with the fighters, HBO, the international TV broadcasters and sponsors.