Category: Sports Law

Leading New York Sports Law Attorney Says Private Equity Stake in NFL Teams Will Be Good for the Sport and the Fans

GARDEN CITY, NEW YORK — Andrew Sack, a sports law attorney with The Law Offices of Steven Mitchell Sack, says private equity (PE) investment in National Football League (NFL) teams will not only be beneficial for the sport, but will result in improved fan experiences and engagement.

After five years of discussions, the NFL recently announced that PE funds will now be allowed to buy a stake in an NFL team after it was approved by the owners by a 31-1 vote. However, this comes with some restrictions. For example, they can own no more than 10% of a team. They can only have a stake of up to six teams and must hold onto that ownership for at least six years.
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Third Circuit Rules Against NCAA in College Athletes Case

In a recent ruling by the Third Circuit Court of Appeals, they refused to accept an attempt by the National Collegiate Athletics Association (NCAA) to prevent college athletes from being considered employees protected under the Fair Labor Standards Act (FLSA). While this ruling does not say that college athletes are considered employees, it also failed to say they certainly were not. This is important as it leaves open the door for college athletes to potentially gain employment protections in the future.

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I became an attorney because I want to make a difference in peoples’ lives by helping them when they experience a problem or require my professional expertise to maximize their claim or position in an employment or business matter.

-Andrew Ross Sack

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