Rosen Comments on Sale of the Miami Marlins
Jay Rosen, a partner in the Firm’s Business and Finance Practice, is quoted in this article on the sale of Florida baseball team, the Miami Marlins. In the sale, former owner Jeffrey Loria is said to have made a profit of $1 billion. Controversy exists over whether or not Loria owes the city money as part of a profit-sharing clause in an initial contract. According to Jay, this deal is a prime example of the “dicey nature” of profit-sharing agreements.
“Ultimately, the devil is in the details of the contract,” said Jay.
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