Rafael Zahralddin Addresses Antitrust Issues in Sports Bankruptcies

Elliott Greenleaf’s Rafael Zahralddin-Aravena addressed the ABI’s 8th Annual Mid-Atlantic Bankruptcy Workshop in Cambridge, MD from August 2-4, 2012 on a variety of sports reorganizations and asset sales including the Dallas Stars, Pittsburgh Penguins, Los Angeles Dodgers, and Texas Rangers. Prepackaged cases like the Dallas Stars were contrasted with contested cases, like the Dodgers, between the league and owners.

Mr. Zahralddin, the Chair of the Firm’s Commercial Bankruptcy and Restructuring Practice, spoke as part of a distinguished panel of national bankruptcy lawyers in “Down for the Count: Sports Teams, Franchises and Bankruptcy.” Mr. Zahralddin discussed the effect of antitrust law on sports bankruptcies, including, the choice of corporate form, impact on unions, player’s contracts, intellectual property licensing, and asset sales. The panel also discussed the effect of franchise laws on sports bankruptcies and valuation issues.