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Middle Market Growth: Making Sports History Off the FieldFebruary 11, 2019
In a Q&A with Middle Market Growth, O’Melveny partner and Sports Industry Group co-chair Chuck Baker gives an inside look at one of the largest pro sports deals in history.
Baker and team represented Appaloosa Management founder and president David Tepper in his acquisition of the Carolina Panthers—a deal Forbes valued at US$2.3 billion. While no official figure has been released, the estimate positions the sale as the largest purchase of any professional team to date. Facing a complex purchasing process, Tepper retained O’Melveny. Baker, who notes he is a fan first and foremost, brought decades of legal experience in the sector to the acquisition.
Read the full interview here.