Partner Irwin Raij was quoted in a September 16, 2013 Law360 article titled, “Fla. Puts New Spin On Public Stadium Financing.” The article discusses a new idea in public stadium financing coming from Orlando, Fla., where a county official is proposing that Orange County, Fla. be a full partner in bringing a proposed Major League Soccer team to town, contributing about $20 million toward the franchise fee and stadium — about a 13 percent stake, using total expected costs — and sharing in revenues. If the team is later sold or recapitalized, the county would get a split of the proceeds. Raij was quoted saying, “Equity owners get capital calls when there are problems. Everyone talks about what big business sports is and how everyone is just rolling in money, but there are huge risks.” Raij also noted that “There are better ways to protect the community interest without taking on equity risk. The end goal is, I think, a good one. You just have to think about how to get there, and that’s a local question that requires creativity.”
Related News
July 11, 2025
In the News
Foley Attorneys Assess Critical IP Considerations for Emerging Medical Device Companies
Foley & Lardner LLP attorneys Shabbi Khan, Nate Beaver, Austin Kim, and Jeff Simon authored the Med Device Online article, "Critical Considerations For IP & Patents For Emerging Medical Device Companies."
July 11, 2025
In the News
David Morris Featured for Arrival to Foley's Salt Lake City Office
Foley & Lardner LLP partner David Morris is highlighted across legal press for his recent arrival to the firm.
July 10, 2025
In the News
Ann Marie Uetz Comments on Automotive Supply Chain Approach to Evolving Tariff Environment
Foley & Lardner LLP partner Ann Marie Uetz shared perspective from the automotive supply chain amid the evolving trade environment in the Crain's Detroit article, "Ford, Stellantis tighten terms on suppliers as tariff costs add up."