For many years our Sports Law Group has been nationally ranked for excellence by SportsBusiness Journal, Chambers USA and Legal 500, due in part to our five decades of experience, the breadth of our capabilities and the enduring relationships we maintain with industry stakeholders.
We feature a complete roster of lawyers who focus on nearly every aspect of the industry, including corporate and financing transactions, real estate, media rights, tax, litigation, intellectual property and government relations. Our work spans league and team formation and operation, arena and stadium financing and development, naming rights and media rights transactions, team acquisitions and investments, financings, sports joint ventures and a wide range of ancillary concerns.
We also provide pragmatic, day-to-day counseling in the operation of sports businesses – tackling player and personnel issues, capital arrangements, concession agreements, advertising and vendor contracts, and stadium and arena events. Off the field, we represent many team owners, executives and athletes in their outside investment activities, as well as in their tax and personal planning concerns. For more information, download our sports law brochure.
- D.C. United's financing and naming rights transactions for Audi Field
- Top Rank's co-promotion and broadcast of Mayweather-Pacquiao, the highest grossing one-day sports event in history
- The New York Racing Association's launch of the NYRA Bets national horse wagering platform
- Yankee Global Enterprises' joint venture with Manchester City to create Major League Soccer's New York City FC
- The Tampa Bay Lightning's multi-year arena naming rights transaction for Amalie Arena
- A syndicated lender's participation in the National Hockey League's $1.4 billion credit facility
Areas of Focus:
Sports Technology, Media and Telecommunications
Herrick lawyers have been at the forefront of a number of transformative concepts in the sports media, technology and telecommunications space – including regional sports broadcasting and pay-per-view broadcasting, both of which were brought to life by clients who relied on our guidance, from idea to evolution. And we remain at the forefront of the space, advising on many significant media distribution deals.
Acquisitions, Dispositions and Bids for Professional Teams
We have represented numerous ownership groups in ownership transfers, and in bids to acquire NBA, NFL, NHL, MLB and EPL franchises – including the Los Angeles Dodgers, San Diego Padres, Buffalo Bills, Minnesota Timberwolves, New Jersey Nets, New York Islanders and Nashville Predators.
Stadium Financing, Leasing and Construction Matters
Franchise owners rely on Herrick for a wide range of stadium financing, leasing, construction, naming rights and operational matters. Our recent work spans major venues across the country, including the new Yankee Stadium, Citi Field, Red Bull Arena, MetLife Stadium, National Grid Park, Amalie Arena, Vivint Smart Home Arena, Richmond County Ballpark and PNC Field.
We regularly advise financial institutions and franchise owners on a wide range of complex sports financings. Recently, we have represented a syndicated lender in the NHL's $1.4 billion league wide credit facility, a regional sports network in a $625 million term loan facility and $250 million high-yield note offering, a major league baseball team in a $250 million credit facility, an affiliate of the New York Jets and the New York Giants in a $650 million bond placement for MetLife Stadium, and the New York Yankees in the $1.5 billion municipal bond financing of the new Yankee Stadium.
Concerts and Alternative Stadium Events
We have represented stadiums, promoters and broadcasters in the production of major concerts by artists such as Bruce Springsteen, Billy Joel, Paul McCartney, The Three Tenors and Andrea Bocelli. We have also developed comprehensive site agreements for major sporting events such as college football's New Era Pinstripe Bowl, the Stadium Slugfest and a series of college football games between Army and Notre Dame.