Legends Hospitality – Investment by New Mountain Capital
Represented Legends Hospitality, the sports and entertainment joint venture controlled by the New York Yankees and Dallas Cowboys, in a strategic partnership and investment in the company by New Mountain Capital.
D.C. United – Audi Field Financing and Naming Rights
Represented Major League Soccer's D.C. United, in the financing and naming rights transactions for Audi Field.
National Hockey League Franchise – Syndicated Credit Facility
Represented a major U.S. commercial bank, as a lender, in a senior secured credit facility to the parent company of a National Hockey League franchise.
Top Rank – Floyd Mayweather Jr. v. Manny Pacquiao
Represented Top Rank in the worldwide promotion of one of the biggest boxing matches of all time - the 2015 Floyd Mayweather Jr. v. Manny Pacquiao fight at the MGM Grand in Las Vegas. The event was promoted by Mayweather Promotions LLC, Top Rank, Showtime Networks and HBO and telecast live to more than 150 countries outside of the U.S. and Canada.
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.
MetLife Stadium – $650 Million Bond Placement
Represented a special purpose entity affiliate of the National Football League's New York Jets and the New York Giants, in a complex public financing for MetLife Stadium that involved the New Jersey Economic Development Authority and local government.
Lelands – Roberto Clemente Baseball Card Collection
Represented Lelands in pursuing monetary damages in a breach of contract action concerning the sale by a collector of a half-million dollar Roberto Clemente baseball card collection.
Sterling Equities – Minor League Acquisition
Represented Sterling Equities in the proposed acquisition of a minor league baseball franchise.
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.
Sports Investor – Acquisition of Italy’s Venezia FC Soccer Club
Represented sports investor Joe Tacopina in soccer franchise acquisition and ownership matters including negotiating and structuring his exit as president and co-owner of the Italian soccer club Bologna F.C. 1909, and his ensuing acquisition of Venezia F.C. The Venezia F.C. acquisition will provide Mr. Tacopina with the opportunity to return the team -- and the City of Venice -- to Serie A, Italy's top division.
Top Rank – Martinez v. Lomachenko and Verdego v. Martinez
Represented Top Rank in the June 11 Rocky Martinez v. Vasyl Lomachenko super featherweight championship bout and the Felix Verdejo v. Juan Martinez lightweight championship bout at Madison Square Garden. Both matches were distributed by HBO.
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.
World Surf League – League Ownership and Operations
Represented a world premier surf league in negotiating and establishing league ownership, operations and core investment structures to maximize league value.
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.
Under Armour – NBA Marketing Partnership
Represented Under Armour, Inc., in a multiyear global sponsorship and apparel transaction with the National Basketball Association.
Regional Sports Network – High-Yield Note Offering Amendment
Represented a regional sports network in an amendment to an indenture with a U.S. bank concerning the issuance of $250 million in senior subordinated notes.
Top Rank – Manny Pacquiao vs. Jessie Vargas
Represented Top Rank in all television license agreements with U.S., Canadian and Puerto Rican pay-per-view and closed-circuit television distributors and exhibitors, as well as all international licensing agreements for the November 5 world welterweight championship between Manny Pacquiao and Jessie Vargas, held at the Thomas & Mack Center in Las Vegas.
Top Rank – Terrence Crawford v. Victor Postol
Represented Top Rank in the July 23 HBO pay-per-view world championship bout between Terrence Crawford and Victor Postol at the MGM Grand in Las Vegas.
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.
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.
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.
Dallas Cowboys Affiliate – New Media Platform
Represented Blue Star Operations Services, an affiliate of the Dallas Cowboys, in building out their new media platform.
$625 Million Secured Term Loan Facility
Represented a leading regional sports network, as borrower, in amending and restating its senior secured term loan facility into a $625 million term loan facility. The proceeds were used for working capital purposes
Regional Sports Network – $24 Million Equipment Lease Financing
Represented a leading regional sports network in a $24 million equipment lease financing transaction provided by Banc of America Leasing & Capital, LLC.
Term Loan and Revolving Credit Facilities
Represented the owner and operator of a major league baseball franchise in amending and extending its existing $250 million syndicated senior secured credit facilities, consisting of a $200 million term loan facility and a $50 million revolving credit facility.
Electronic Cash-Transaction Payment System Contract
Represented a client in its partnership with an electronic cash-transaction payment system provider that enables its customers with limited access to financial services to make cash payments at local stores.
Major League Sports Team – Dismissal of False Advertising Class Action
Successful defense of a major league professional sports team, obtaining pre-motion dismissal of all claims in a high-profile putative class action alleging deceptive trade practices and false advertising in connection with a very large sale of memorabilia.
New York Racing Association – Integrity Counsel
Represented New York Racing Association (NYRA), as Integrity Counsel, in assisting NYRA’s Board of Directors and management in ensuring that NYRA, its officers, employees and operations comply with all the applicable laws and regulations of New York Racing, Pari-Mutuel Wagering and Breeding Law §206(5), and AML and Patriot Act concerns. NYRA holds the exclusive right to conduct racing and pari-mutuel wagering at Aqueduct, Belmont Park and Saratoga Race Courses. We are also assisting NYRA on general corporate and tax-related matters.
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.
Represented a premier surf league in the negotiation and development of a form of surfer agreement pertaining to licensing of merchandise, and media and promotional matters for all professional surfers competing in the WSL Championship Tour.
Lelands – Jim Brown’s NFL Championship Ring
Represented Lelands in litigation filed in New York federal court by former National Football League player Jim Brown regarding the recovery of a 1964 NFL championship ring alleged to have been stolen.
Legends Hospitality – One World Observatory IP Rights
Represented Legends Hospitality in the review, assessment and protection of intellectual property rights in various unique One World Observatory visitor installations, including the Sky Pod elevators with wrap around video displays, the See Forever Theater and the City Pulse interactive display.
Legends Hospitality – Equity Investment
Represented Legends Hospitality in its equity investment in DraftKings, a leading provider of daily fantasy sports contest services.
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.
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.
Baseball Franchise – Term Loan Facility
Represented a major league baseball franchise in a $4 million unsecured term loan facility provided by a national bank. The proceeds will be used to pay various fees and expenses related to the facility and to finance certain projects.
Yankee Global Enterprises – Compensation Plans
Represented Yankee Global Enterprises in the establishment of executive compensation plans.
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.
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 – 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.
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.
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.
Top Rank – Manny Pacquiao v. Chris Algieri
Represented Top Rank in the HBO Pay-Per-View worldwide promotion of the Manny Pacquiao v. Chris Algieri world championship title bout held November 22, 2014 at the Cotai Arena in Macau, China.
Legends Hospitality – New Technology Investment
Represented Legends Hospitality in a proposed investment in software that consolidates sports franchise data.
World Freerunning & Parkour – Internal Restructuring
Represented World Freerunning & Parkour Federation in internal restructuring and in providing general corporate advice.
Sports Franchise – Compensation Plans
Represented a major sports franchise in the establishment of restricted stock unit and stock option plan for executives.
Secured Term Loan
Represented the holding company of a minor league base baseball team in a multi-million dollar secured term loan.
National Hockey League Credit Facilities
Represented a national bank, as syndicate lender, in the NHL league-wide credit facilities consisting of a $990 million senior secured revolving credit facility and a $410 million delayed draw secured term loan facility.
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.
Major League Baseball Franchise – Senior Secured Credit Facility
Represented a major league baseball franchise in a $250 million senior secured credit facility consisting of a $200 million league term loan facility and a $50 million revolving credit facility. The proceeds were used to make a dividend payment to parent to repay existing facility and to pay fees and expenses.