Tag Archives: sports

ILN Today Post

Getting Neymar moving: the legal framework of a soccer transfer

With Neymar’s world record move from Barcelona to PSG just one of a host of big-money soccer transfers this summer, Fladgate’s Alan Wetterhahn and James Earl explain the legal processes that make a deal happen.
The numbers are mind-boggling. And that was the case even before Paris Saint-Germain paid a world record fee of €222 million for the Brazilian superstar Neymar Jr. And it is so far so good for the forward, who has scored three goals in the two matches he has played for his new club.

Who said money can’t buy you love?

When any business pays for any asset – and, make no mistake, Neymar is an asset in many senses of the word – the paperwork is sure to follow and it is no different in football where the amounts involved are getting larger every year.

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Millennial Engagement: Marketing’s New Trick Shot

Sports and marketing have come a long way since a young Pittsburgh Steelers fan offered Mean Joe Green a Coke in the classic 1979 television commercial. For one thing, the audience has changed. The oldest millennials were just being born in the late 70s, but now comprise one quarter of the U.S. population. Highly coveted by advertisers, millennials are often painted as fickle beasts. New data, however, challenges that notion. In fact, according to a pair of new studies, millennials are the most brand-loyal generation of all. This makes it all the more important for brands to get an early foothold with these prized consumers.

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ILN Today Post

Daily Fantasy Sports Poses Challenges for Players and Regulators

A new industry burst into the mainstream in 2015. At the beginning of 2015, daily fantasy sports was a nascent business taking advantage of gaps in federal regulation to find deep-pocketed backers among major media companies, professional leagues, and their owners. Flush with new investment, the major competitors in this business, FanDuel and DraftKings, blanketed sports media with advertising and discovered an audience aching for an opportunity to spend money. In one weekend in October of 2015 alone, FanDuel and DraftKings collected more than $45 million in entry fees. Daily fantasy sports had become a multi-billion dollar industry.

By the end of 2015, however, the industry seemingly faced every type of legal challenge imaginable. The State of Nevada ruled that daily fantasy sports was unlicensed and, therefore illegal, gambling. In the months that followed, states including Texas, Illinois, and Hawaii made similar rulings.

 

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Business Law Alert: Attention youth sports coaches

Does your “life outside of the office” include coaching or serving as a game official for youth sports? If the answer is yes, you should be aware of the requirements that will be imposed on youth sports coaches and officials by Ohio’s recently passed Return to Play law (Ohio Revised Code Section 3707.511).

Ohio’s Return to Play law, which becomes effective on April 26, 2013, was created to protect children from the effects of concussions and head injuries incurred while participating in organized interscholastic or youth sports activities. The Return to Play law applies to any person coaching or officiating interscholastic sports or youth sports for a youth sports organization in the State of Ohio. The Return to Play law is broadly drafted to include coaches or officials, even those under the age of 18, regardless of whether they are paid or volunteers. A youth sports organization (hereinafter a “Youth League”) is also broadly defined as any public or nonpublic entity that organizes athletic activities in which the athletes are not more than 19 years old and are required to pay a fee to participate in the athletic activity or whose cost to participate is sponsored by a business or nonprofit organization.

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