FOS PM: NFL, Rams face billion dollar lawsuit

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Jasen Vinlove-USA TODAY Sports / Design: Alex Brooks

Unless there is a settlement in the next few weeks, the NFL – along with Los Angeles Rams owner Stan Kroenke – faces a jury trial that could result in hundreds of millions of dollars in damages and interest for the Rams’ move to St. Louis in 2016.

September 13, judge rejected offer by defendants to dismiss case before trial date of January 10, 2021. A preliminary hearing is scheduled for Friday.

Sports attorney Daniel Wallach told Front Office Sports that the judge denying the summary judgment would likely serve as the NFL’s “comeback moment” for the NFL, making a settlement with the plaintiffs much more likely.

Billion dollar figure could be ‘starting point’ for plaintiffs to settle before trial, Wallach said.

St. Louis, the County of St. Louis, and the St. Louis Regional Convention and Sports Complex Authority filed a complaint in 2017.

Wallach warned of significant damage if a St. Louis jury found Kroenke and the NFL responsible for breach of contract and unjust enrichment:

  • Rams’ value rose from $ 1.45 billion in 2015 to its current value Evaluation $ 4.8 billion, according to Forbes.
  • The plaintiffs claim that the city, county and state have lost over $ 100 million in hotel, property tax, sales tax and ticket tax revenue since the Rams left town.

If the judge allows the jury to consider the increase in the appraisal as well as the $ 550 million relocation fee, the punitive damages – which multiply the damages as a deterrent – could exceed $ 10 billion.

La Liga / Design: Alex Brooks

Top La Liga clubs couldn’t prevent a vote approving an investment from CVC Capital, so they are now attacking the deal itself.

Barcelona, ​​Real Madrid and Athletic Bilbao have said they “dispute” the deal in separate statements, which implies that it violates Spanish law.

The agreement “violates the applicable rules set out (and in particular, among others, Royal Decree-Law 5/2015)”, Barcelona wrote, adding: “it was adopted in a very irregular and disrespectful process”.

Decree, pass in May 2015, with the support of Barcelona and Real Madrid, sought to make the distribution of media rights revenues to Spanish football clubs more transparent and fair.

  • In August, La Liga teams approved a $ 117.3 million deal in which CVC would buy a stake in a holding company that would house the league’s media rights.
  • CVC reportedly receives 11% of La Liga media revenue for 50 years. It is also reportedly providing $ 2.9 billion to clubs in the league in the form of an interest-free loan.
  • The deal was approved with just the three opposing tough clubs after the CVC included a provision allowing individual clubs to opt out of the deal.

Barcelona Posted a report released on Monday, according to the club, shows that the agreement with CVC “makes no sense for FC Barcelona given the cost involved, the returns, the length of the deal and the obligations and commitments it contains”.

CVC has been aggressive in accumulating sports investments, including stakes in United Rugby Championship, Six Nations Rugby and International Volleyball Federation. The company is set to sell a 10% stake to Blue Owl for a valuation of $ 15 billion.


Olivia Falcigno via Image / Design: Alex Brooks

Boom Entertainment raised $ 15 million in initial funding tower which included New England Patriots owner Robert Kraft, Golden Nugget Online Gaming, Rush Street Interactive and former MGM Resorts International president Jim Murren.

Formerly known as Boom Sports, the company builds and operates games for an audience of 3 million users. NBC Sports Predictor is its most successful game, but it also works with leagues, sports betting, and retailers.

The focus on sports betting is at the forefront of Boom’s business model, with new funding helping it “create and change the way sports fans bet.”

  • The company hired former DraftKings sports betting operations manager Chris Fargis in July.
  • Last year, he partnered with Penn National Gaming to launch a consumer bookmaker.

The Series A tour was led by Sands Capital. Previous investors include ESPN analyst Adam Schefter, Palo Alto Venture Partners managing partner Peter Ziebelman and BTIG executive Richard Jacklin.

Boom plans to launch casino games in the near future with the help of Golden Nugget and RSI. CEO Stephen Murphy said the company wants to deliver 150 games over the next two to three years.

  • In today’s Leadoff, we covered the FIFA and UEFA clash on World Cup Frequency, an AI platform that connects brands with sports, to the surge in golf real estate and state of the art MLB games. Click here to listen.
  • Hall of Fame quarterback Peyton Manning is closely watch the NFL Denver Broncos’ pending sale, eyeing a role as a minority investor or team manager.
  • Washington, DC, made its offer to host events for the 2026 World Cup. The DC area has already hosted matches in three World Cups and two Olympic football tournaments.
  • UFC 266 features two title fights and an epic comeback, as Alexander Volkanovsky and Valentina Shevchenko defend their belts, along with the return of Nick Diaz – all on ESPN +. *

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(Note: All at market close on 09/20/21)

The Green Bay Packers (0-1) face the Detroit Lions (0-1) tonight at Lambeau Field.

How to watch: 8:15 p.m. ET on ESPN

Betting odds: Packers -12 || ML -650 || O / U 49 *

To take: Expect the Packers to bounce back from last week’s loss. Take Green Bay to cover.

Who do you have? Respond to this newsletter with your prediction for the Lions-Packers winner and the final score.

Yell: Congratulation to FOS Reader Summer Austin Wells, who was the only reader to correctly predict a Cowboys victory over the Chargers on Sunday.

* Dimensions / lines subject to change. The T & Cs apply. See draftkings.com/sportsbook for details.

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