Sports and StadiumsPrint PDF
As the only Minnesota law firm to have played a leading role in the development of nearly every professional sports venue in the Twin Cities, in addition to several stadiums across the country, Briggs and Morgan has unparalleled perspective on legal matters related to stadiums and sports facilities. Our depth of experience means clients benefit from our ability to act quickly and efficiently to meet tight deadlines, and we are adept at helping groups come to decisions.
Our attorneys have worked with the NFL, NHL and MLB to address a variety of matters related to development and construction, operations and management, team and stadium financing, and ownership and multi-generational businesses.
Development and Construction
Our attorneys regularly represent owners, design professionals and contractors in the design, development, construction and renovation of sports facilities. Services include:
- Contract formation
- Bonding requirements
- Insurance coverage and claims prosecution/defense
- Preparation, review and negotiation of large complex construction contracts.
- Complex indemnification
- Liquidated damages
- Differing site conditions and insurance issues
Operations and Management
We have hands-on, direct experience in drafting, negotiating and interpreting provisions of revenue streams and associated contracts including:
- Public/Private lease agreements
- Use agreements
- Operating, management and assurances agreements
- Team playing agreements
- Ticket system contracts (hardware and software)
- Dynamic pricing service agreements
- Affinity card program development agreements
- Fan loyalty program development agreements
- Pro-shop management agreements
- Licenses for pubs, bars and restaurants
- Event use agreements
- ATM agreements
- Trademark and intellectual property use and licensing agreements
- Communications systems agreements
- Labor agreements
Team and Stadium Financing
Briggs advises clients in connection with various financings, through public and private means, related to professional sports teams and the development of stadiums and facilities. We undertake a detailed legal analysis and advise on legal aspects of alternative financing structures as well as identify and resolve a number of issues unique to sports facility financing, including:
- Agreements between the sports team and governmental entities
- Compliance of financing arrangements
- Consent and recognition agreements
- Collateral documents, including leasehold mortgages and parking leases
- Contractually obligated income (COI)
Ownership and Multi-Generational Businesses
We have represented sophisticated owners and multi-generational family businesses. Our clients include many high-profile local and national families in the sports industry, including owners of MLB, NFL and NHL teams. We guide them through complex business transactions involving wealth generation, business succession, transfer restrictions and interactions with leagues. This is critical in the financial planning succeeding a new stadium.
Briggs and Morgan has deep experience in sports and stadium legal matters, having played a leading role in the creation of nearly every sports facility in Minnesota. Below is a sampling of select recent matters:
- Briggs Represents the Minnesota Vikings in the Development of U.S. Bank Stadium
- Represented a major league baseball team in its issuance and compliance with a $215 million bond obligation used to finance the development and construction of their new ballpark.
- Represented a professional sports team in the $80 million renovation of its spring training facility.
- Represented an economic development organization on financing for a major sports facility.
- Represented one of the world's largest sports and entertainment companies and its predecessors with respect to operations of a Minnesota entertainment facility.
- Represented a city in connection with land acquisitions for a minor league sports facility.
- Represented a city on all issues related to a major sports and entertainment facility.
- Represented an NHL team in the sale of the team to a group of new investors.