Sports Law

At Faw & Penchansky Law, our Sports Law practice is dedicated to providing comprehensive legal solutions for teams and related enterprises in the dynamic world of professional sports. With a deep understanding of the industry's unique challenges and opportunities, we guide clients through complex negotiations, contract drafting, and corporate structuring to ensure their ventures thrive. Our experienced attorneys combine legal expertise with a passion for sports, delivering strategic advice that protects interests and drives success.

We offer a full spectrum of legal services tailored to the sports management sector, including:

Whether you're acquiring a new franchise or renegotiating an existing one, we provide the leverage and insight needed to secure favorable outcomes. We assist you with:

• Navigating the intricacies of franchise agreements for team owners and investors entering or expanding in professional leagues. 
• Addressing ownership requirements, revenue sharing, relocation clauses, and intellectual property rights.
• Ensuring compliance with league bylaws and governance structures.

Building or renovating sports facilities requires meticulous planning and robust legal frameworks. We assist clients in:

• Drafting and negotiating contracts for stadiums, training facilities, and mixed-use developments.
• Managing relationships with architects, contractors, engineers, and suppliers to mitigate risks like delays, cost overruns, and disputes.
• Incorporating environmental, zoning, and permitting considerations to align with local regulations.

Our proactive approach helps turn visionary projects into reality while safeguarding your financial and operational interests.

Successful sports operations often involve partnerships with municipal and county entities. We specialize in:

• Negotiating development agreements, lease agreements, use permits, and revenue-sharing arrangements for publicly owned venues.
• Advising on funding mechanisms.
• Resolving issues related to event management, security, concessions, and community impact.

By fostering collaborative relationships with government representatives, we ensure smooth operations and long-term stability for your team.

Sports entities are multifaceted businesses requiring sophisticated corporate strategies. Our services include:

• Forming and structuring entities such as LLCs, partnerships, and corporations for teams, ownership groups, and ancillary businesses.
• Handling joint ventures and equity financing in the sports industry.
• Providing guidance on tax optimization, governance, succession planning, and risk management.

We design structures that support growth, protect assets, and adapt to the evolving landscape of sports management.