K&C Sports & Entertainment Law Weekly Roundup (June 16, 2023)

Sports:

  • Michael Jordan is finalizing a sale of the Charlotte Hornets to a group led by Gabe Plotkin and Rick Schnall, ending his 13-year run as majority owner and the NBA’s only Black majority owner - Sources - Michael Jordan finalizing Charlotte Hornets sale - ESPN
  • Golf:
    • As previously noted would likely happen, The U.S. Senate and Department of Justice (DOJ) opened probes into the bombshell merger of PGA Tour, Saudi-backed rival LIV Golf, and the European DP World Tour less than a week after it was announced the tours would be joining forces rather than LIV continuing its antitrust fight accusing the more established PGA of icing out golfers who played for LIV - Report - U.S. DOJ opens review of PGA Tour-Saudi alliance - ESPN
    • Phil Mickelson and the LIV Golf team the “HyFlyers” were sued by an Argentine corporation accusing the golf operation of federal trademark infringement, accusing them of copying its 20-year-old logo for popular skateboarding and lifestyle apparel brand Fallen - LIV Golf, Phil Mickelson's team sued by apparel company over logo - ESPN
  • NIL: As we predicted last summer, the IRS issued a memo regarding NIL Collectives and warning that most organizations that develop paid name, image, and likeness (NIL) opportunities for collegiate student-athletes will, in many cases, be operating for a substantial nonexempt purpose—serving the private interests of student-athletes—which is more than incidental to any exempt purpose furthered by the activity; bottom line: most NIL Collectives will not be considered “charitable,” non-profit organizations for which contributions can receive a tax deduction meaning there will likely be taxes due - AM 2023-004 (irs.gov)
  • Ja Morant has been suspended by the NBA for 25 games to start the 2023-2024 season after the latest social media post in which the Memphis Grizzlies start brandished a firearm after a similar incident in March led to an 8-game suspension; this second suspension comes with conditions before he can be reinstated to play - Sources - Grizzlies' Ja Morant suspended for 25 games by NBA - ESPN
  • Baseball: The Oakland A’s took another step toward relocation to Las Vegas when the Nevada Senate passed a $380 million bill to help fund a new stadium for the Athletics in Las Vegas - Nevada Senate passes $380M bill to fund new A's stadium in Las Vegas - ESPN
  • The Ninth Circuit reopened a former University of Arizona student-athlete's lawsuit alleging he was constantly harassed by his track teammates because they perceived him to be gay and his coaches did nothing to stop it, saying he put forward enough information to keep his case in court - 9th Circ. Reopens Student-Athlete's Harassment Suit - Law360

Entertainment:

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