SportsCastr’s Sale of a Minority Stake to NFL Players Association

O’Melveny represented live streaming platform SportsCastr in the sale of a minority stake to the National Football Association Players Association (NFLPA).

As part of the deal, which closed today, SportsCastr has become an official licensee of the NFLPA for mobile apps and web-based platforms that enable fans to utilize video streams and chat technology to discuss sports topics.

Sportscastr is a live-streaming platform that allows anyone to become a color commentator. In the deal, active and former NFL players will provide live commentary across various professional and college events using SportsCastr.

The deal was conducted through the NFLPA’s OneTeam Collective business accelerator. Financial terms were not released.

The O’Melveny team was led by the firm’s Sports Industry Group co-chair Chuck Baker (Picture) in New York, and included counsel Jimmy Fanelly in Century City, counsel Christopher Hagenbuch in Silicon Valley, and associate Kia Kuretski in Century City.

Involved fees earner: Charles Baker – O’Melveny & Myers LLP; Jimmy Fanelly – O’Melveny & Myers LLP; Christopher Hagenbuch – O’Melveny & Myers LLP; Kia Kuretski – O’Melveny & Myers LLP;

Law Firms: O’Melveny & Myers LLP;

Clients: LLC;

Author: Ambrogio Visconti