Haynes and Boone, LLP’s Post

The recent changes in NFL ownership rules have caught the interest of private equity and venture capital firms who now have the ability to invest in these teams. I spoke to S&P Global on how the teams’ growing valuations will continue to impact these new rules. Thank you, Karl Angelo Vidal and Neel Bharucha, for including me in this informative article! Read it below: https://lnkd.in/gun9_faZ

It seems the NFL's owners are having a hard time finding the right investors, kind of like trying to find good Wi-Fi in a stadium! With teams pondering special meetings on private equity investments, one has to wonder if the real play is just to keep the meeting snacks as good as the halftime shows. Who knew generating interest in minority stakes would be tougher than a 3rd and long situation? Dive into the latest here: https://okt.to/1URhc3.

It seems the NFL's owners are having a hard time finding the right investors, kind of like trying to find good Wi-Fi in a stadium! With teams pondering special meetings on private equity investments, one has to wonder if the real play is just to keep the meeting snacks as good as the halftime shows. Who knew generating interest in minority stakes would be tougher than a 3rd and long situation? Dive into the latest here: https://okt.to/XbNtsY.

Licensing is everywhere!

I’ve seen a fair amount of commentary of late regarding the relative cheapness of UK equities and how “if you don’t buy them someone else will” ie private equity (you only have to look at Curry’s takeover bids). I think there is considerable difference though between a small minority ownership and a PE firm taking a company private. More control and value extraction possible in the later compared to the former. Is it a value trap for the everyday investor? Add your thoughts below. #ukequities #privatemarkets #privateequity

The NFL is open to private equity team ownership of up to 10%, Commissioner Roger Goodell says https://lnkd.in/gJHkKPYw #wealth #investors #investing #funds #investments #endowments #wealthmanagement #familyoffice #investing #capital #assetallocation

This Final Four Team Isn’t a Long Shot. It’s a 23,512-to-1 Miracle. N.C. State's triumph over staggering odds to secure a spot in the Final Four transcends the realm of collegiate basketball, presenting a profound commentary on achievement against the backdrop of immense challenges. This narrative isn't merely about athletic success; it's an exploration into the depths of human potential and the power of unwavering dedication.    As someone who leads a firm and leads transactions from the trenches, I see in N.C. State’s journey a compelling illustration of how, even in the most daunting situations, a combination of preparation, strategic execution, and sheer will can pave the way to outcomes that seem beyond reach. Their story reaffirms that the limits of success are not predefined but are instead extended by our collective efforts to surpass them. Sometimes it is our collective sheer will among our legal team and other industry participants that gets deals over the finish line done, approval to list on a national exchange or to obtain a successful outcome that many initially thought to be out of reach.    https://lnkd.in/eJnhnuii                                                                                                         Whether our clients engage in an Uplist, Cross-list, Direct List, #SPAC, de-SPAC, Merger, #ReverseMerger or #IPO through a private placement, firm commitment underwriting, Reg A or otherwise, Lucosky Brookman is at the forefront of sophisticated OTC and Senior Exchange Listed Transactions. #ipo #lucoskybrookman #nyse #nasdaq #cboe #lucbro Lucosky Brookman LLP Joseph Lucosky

Last month (September 2024), the #NFL allowed a select group of #PE (private equity) firms to invest up to 10% in NFL teams. This presents a way for team owners to pull some immediate liquidity out of their ownership stake — which may feel good in the near term, but I don’t see this being without significant changes to how this entertainment industry runs over the long-term horizon. NFL team owners have typically understood the nuanced dynamics of fan loyalty, high-priced player contracts, continuing traditions, etc. On the other hand, PE firms are known for buying low, stripping costs + quickly fixing issues, then selling at a higher price. They’re in the ‘moving’ business, not the ‘storage’ business — a different philosophy than your traditional NFL team owner. This will be an interesting dynamic to watch in decades to come. While everyone may be on their best behavior in the first few years, I can’t imagine PE firms not shaking the table to advocate for higher profit margins and the elimination of inertia. A few terms do protect the league from adverse impact in the near-term: ▪️PE firms receive no voting power ▪️Controlling owners must own 30% of them team (the 10% PE threshold is below that) ▪️PE firms must hold for 6 years before selling ▪️At least 24 of the 32 team owners must ratify any proposed transaction (which is 3/4 of the league) Approved PE firms: Arctos Partners, Ares Management, Sixth Street, and a consortium of Blackstone, Carlyle, CVC Capital Partners, Dynasty Equity, and Ludis. Interesting developments for sure. #Liquidity #MarketTrends #PrivateEquity

Drafting a winning team isn't just about picking the best player – it's about strategic diversification. The same can be said about building your portfolio. Just like how NFL teams spread their picks across different positions to build a balanced roster, investors diversify across asset classes to help manage risk. Explore our product mix to make your portfolio draft a success: https://bit.ly/3QJMD7t #NFLdraft | #PortfolioDiversification | #PortfolioAllocation | #Investing | #InvestmentStrategy | #FinancialLiteracy | #FinancialLiteracyMonth

Should you join the SVP Program before going for your master's? Is a VC firm just your financier? Hear our Co'23 SVP alum Sidharth, share his experience and learnings from the SVP Program! 😃 Use #AskSVP and get our SVP alums to help you think through some of your most critical decisions as a student 🤗 #SVPSeason4