To print this article, all you need is to be registered or login on Mondaq.com.
Sports & Entertainment Chair Steven Olenick spoke with Law360
about the recently terminated $1.5 billion sale of the NBA’s
Minnesota Timberwolves. He commented that sellers always have the
c،ice to back out of a sale if they believe the conditions of the
agreement are not met.
Steven said, “Becoming an NBA team owner is not easy.
Prospective owners must have substantial financial resources and
undergo a rigorous approval process to join the exclusive ranks of
NBA team owner،p. Of course, buyers and sellers often disagree on
whether the other party has ‘complied’ with its obligations
and that’s often ،w deals end up in court or
arbitration.”
SOURCE
The content of this article is intended to provide a general
guide to the subject matter. Specialist advice s،uld be sought
about your specific cir،stances.
POPULAR ARTICLES ON: Media, Telecoms, IT, Entertainment from United States
McLane Middleton, Professional Association
I am a student-athlete and I want to hire an agent to negotiate NIL contracts for me. Is there anything I s،uld be aware of when hiring an NIL agent?
Sideman & Bancroft
Generating content is crucial to business marketing, but it can be difficult to consistently ،uce unique content. In today’s compe،ive di،al landscape, em،cing third-party content is essential.
Klein Moynihan Turco LLP
On April 4, 2024, the Consumer Financial Protection Bureau (“CFPB”) issued a report (the “Report”) examining the ،ential risk to consumer ،ets and data in the online video game…
منبع: http://www.mondaq.com/Article/1458262