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Sports Illustrated’s “John Wall Street”: Jets, Others Concerned About Defaulting on PSLs Agreements in a ‘Reduced Fan’ ScenarioJune 01, 2020
O’Melveny sports industry group co-chair Irwin Raij is quoted in this John Wall Street column discussing PSL agreements’ affect on professional sports team. The column noted that while there are multiple clubs facing the prospect of defaulting on their PSL agreements if fan capacity is reduced or restricted, it’s not a universal problem. Raij said “there is enough variation or differentiation within the language of PSL contracts, as it relates to what the licensee gets” for some teams with seat licenses to still meet their obligations.
Read the full article here.