In the daily feature, Quote of the Day, corporate interests are now heavily involved in sports, with private equity and sports investment funds playing a significant role. The sports landscape is also being shaped by courts, particularly affecting college athletics. Women’s sports are on the rise, becoming more popular and profitable.
Brad Karp, chairman of Paul Weiss, highlighted the growing importance of sports practices in Biglaw firms. He mentioned that the industry is seeing an increase in media rights deals, driving up franchise values and creating more legal complexities. Karp emphasized the importance of lawyers in navigating these nuanced legal judgments and interpretations, predicting these trends to continue in the future.
Staci Zaretsky is a senior editor at Above the Law since 2011. She is open to hearing from readers and welcomes tips, questions, comments, or critiques. She can be followed on X/Twitter and Threads or connected with on LinkedIn.