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Public Funding of Professional Sports Arenas

Public Funding of Professional Sports Arenas »

Cities and states typically grant large subsidies for new venues that host professional sports teams. These subsidies come in the form of tax-exempt bonds, which are typically repaid over many years using levies, such as sales or hotel taxes. Investors who purchase these bonds do not pay taxes on their income, which allows for cheaper interest rates and lower costs on projects. Are these bonds mutually beneficial to both team owners, who advocate for the venues, and localities to justify granting bonds to build the venues? - Read more...

The Lucrative Business of Athletic Apparel Agreements

The Lucrative Business of Athletic Apparel Agreements »

Over the past decade, athletic apparel partnerships between intercollegiate athletic programs and athletic apparel providers have become increasingly lucrative. In 2015, several major National Collegiate Athletic Association (“NCAA”) Division I programs entered into lengthy agreements with athletic apparel companies. In the Power Five autonomy era looming in NCAA athletics, much remains to be seen regarding player compensation, and the potential impact it may have on endorsement agreements between universities and apparel providers. - Read more...