Professional Sports League Team Owner - Dispute
2010
Representation of the majority owner of a major professional sports league team in a dispute before the league's commissioner in which the club's minority owners were seeking to (i) remove our client as chairman of the club and (ii) punitively dilute him through a capital call that he could not satisfy because of liquidity problems. In multiple hearings before the commissioner, we prevailed in convincing the commissioner that the ownership group's operating agreement prohibited the minority owners from either removing the chairman or punitively diluting him.
2010
Representation of the majority owner of a major professional sports league team in a dispute before the league's commissioner in which the club's minority owners were seeking to (i) remove our client as chairman of the club and (ii) punitively dilute him through a capital call that he could not satisfy because of liquidity problems. In multiple hearings before the commissioner, we prevailed in convincing the commissioner that the ownership group's operating agreement prohibited the minority owners from either removing the chairman or punitively diluting him.
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