Sports Related Companies Strike Deals with SPACs
Irwin Kishner, co-chair of Herrick's Sports Law Group was quoted in Front Office Sports in an article discussing the boom in SPAC merger deals. Kishner noted that "'it makes entire sense' for more sports-related companies to strike deals with unpaired SPACs." Further, “[t]here are a number of sports industry properties that could do well by accessing publicly traded currency.” Kishner specifically outlined that "[c]oncessions, sports media, esports, virtual reality, other sports technologies . . . are ripe for SPAC deals, adding that 'doing a SPAC from a legal vantage is much easier than doing an IPO.'"