Matters

Legends Hospitality – The Intrepid Marketplace

Represented Legends Hospitality in a joint venture with the Intrepid Air and Space Museum to provide concessions services for a new high-end food market located on the U.S.S. Intrepid.

Cohere Communications – IT Services Management Agreement

Represented Cohere Communications, a cyber security and managed IT services enterprise, in a network management agreement to provide operational services, including the operation of a data and communications network, to certain commercial office buildings located in San Diego via a building telecom and optical infrastructure.

Legends Hospitality – Point-of-Sale System Purchase

Represented an affiliate of Legends Hospitality in the purchase of a mobile and Bluetooth-enabled point-of-sale (POS) system for use at stadiums and arenas. The POS system streamlines the purchase process for both the venue and the fans thereby effecting a more seamless experience at a game or concert. 

Legends Hospitality – Willis Tower Observation Deck

Represented Legends Hospitality in the provision of design, construction development and management services for the observation deck and other attractions at Willis Tower in Chicago.

Legends Hospitality – Los Angeles Football Club Concessions Joint Venture

Represented Legends Hospitality in a joint venture with the Los Angeles Football Club (LAFC) to provide concessions services at the team’s new 22,000-seat soccer stadium to be constructed on the site of the Los Angeles Memorial Sports Arena. LAFC is scheduled to begin play in the new stadium in 2018. As part of the joint venture agreement, Legends initially operated the food hall that was on the site of the former arena.

New York Yankees – $1.5 Billion Yankee Stadium Financing

Represented a special purpose entity affiliate of Major League Baseball's New York Yankees in the issuance of approximately $1.5 billion in municipal tax-free and taxable bonds by the New York City Industrial Development Agency, which financed the site lease and construction of the new Yankee Stadium.

Legends Hospitality – Miami SkyRise

Represented Legends Hospitality in a joint venture regarding the Miami SkyRise project consisting of an entertainment and observation tower overlooking Biscayne Bay in Miami. Legends is providing consulting, management and hospitality services with respect to the development and operation of the project and will operate the concession once opened.

West Side Stadium Project – Naming Rights

Represented a prominent real estate firm, as lead counsel, in structuring and negotiating primary naming rights and secondary cornerstone sponsorship agreements for a proposed mixed-use real estate and stadium development project located on the west side of Manhattan.

New York Racing Association – NYRA Bets National Betting Platform

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

Q4 America – IP, Sponsorships and Capital Raise for Sports Apparel Startup

Representing Q4 America, a start-up performance basketball brand based in Los Angeles that sells sports footwear, apparel and equipment, in intellectual property matters related to the development of a new brand of sneaker, sponsorship matters, athlete endorsements and capital raises.

Dallas Cowboys Affiliate – New Media Platform

Represented Blue Star Operations Services, an affiliate of the Dallas Cowboys, in building out their new media platform.

Sterling Equities – Minor League Acquisition

Represented Sterling Equities in the proposed acquisition of a minor league baseball franchise.

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 – Formation of Basketball League for Ex-NBA Players

Represented Champions League, Inc., in the formation and organization of a new basketball league featuring former NBA players. We are advising on league structuring, antitrust, ownership, securities law and franchise law issues. Herrick also advised on the sale of the initial franchises.

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.

New York City FC – Soccer Stadium Development

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

Tampa Bay Lightning – Amalie Arena Naming Rights

Represented the National Hockey League's Tampa Bay Lightning in its arena naming rights agreement with Tampa Bay-based Amalie Oil Co.

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.

Sports Investor Group – Buffalo Bills Acquisition Bid

Represented a final round bidder, a consortium of high-net-worth individuals and institutional investors, in the proposed acquisition of the National Football League's Buffalo Bills, 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.

New York City FC – Radio Broadcast Agreement

Represented New York City Football Club in a multi-year radio license with CBS Radio to broadcast the team's matches on WFAN 660 AM / 101.9 FM.

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 Agreement

Represented the Chicago Cubs in a multi-year radio license with CBS Radio to broadcast Cubs games on WBBM Newsradio 780AM. 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.

IT Service Technology Agreement

A New York-based provider of managed IT services in negotiation of technology agreements to provide certain data and communications network services to commercial office buildings.

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.

Sports Investor Group – San Diego Padres Acquisition Bid

Represented a sports investor group, which included a former Major League Baseball 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.