All posts tagged: sports business

Why Top Global Law Firms Are Racing to Build Sports Law Practices

The legal industry is undergoing a noticeable shift, and the latest battleground isn’t technology, private equity, or corporate restructurings—it’s sports. Over the past year, six of the world’s leading law firms have launched or significantly expanded dedicated sports law practices, signaling that sports law has evolved as one of the most attractive practice sectors. This isn’t a series of isolated hiring decisions. It’s a strategic move to secure expertise in a market where demand is accelerating faster than the supply of experienced legal talent. The most recent entrant is Paul Hastings, which has officially launched a global sports practice by hiring two highly regarded lawyers with deep experience across the industry. The firm recruited Brandon Etheridge, formerly the general counsel of the Baltimore Ravens, alongside sports mergers and acquisitions specialist Mark Zerdin. Zerdin is well known for advising on complex business transactions, including General Motors’ high-profile entry into Formula 1 with the Cadillac Formula 1 team. However, Paul Hastings is not alone. Several of the world’s most prestigious law firms—including Latham & Watkins, Kirkland & …

Rutgers: Sued for Keeping Up with the Jones’ 

On March 31, a class action lawsuit was filed against Rutgers University, led by Rutgers graduate and New Jersey resident, Hector Rodriguez. The complaint alleges that since Rutgers joined the Big Ten Conference in 2014, the University has misappropriated funds by diverting operating revenues from state taxes, tuition, and mandatory student fees to support the failing athletic program. The first charge alleges that the University leadership breached their fiduciary duties by continuing to fund the athletics program despite their knowledge of the magnitude of its losses. The second charge asks for declaratory judgement declaring that the athletics expenditures are unlawful and a waste of public funds.  The lawsuit was filed in response to the fiscal report released by the University in early 2026 showing that the 2025 athletics deficit was over $70 million, the third time in the last five years. Since 2014, the total deficit has grown to $526 million. Rutgers is not the only school operating in an athletics budget deficit. In the 2021-2022 academic year, 98.6% of the 2,023 colleges and universities …