Overview
Steptoe partner Ross Weingarten was quoted by Law360 in an article titled “The Rise Of White Collar Sports Cheating Scandals.” The article explores how recent scandals suggest that competitive misconduct in professional sports is increasingly shifting from on-field rule-breaking to sophisticated financial and governance issues, including salary-cap circumvention and alleged manipulation of financial reporting. As franchise values and revenue streams continue to grow, industry professionals warn that leagues face mounting challenges detecting and policing white-collar-style misconduct while preserving competitive integrity. Ross warns that “As sports become a very attractive place for wealthy individuals and entities to invest their capital, I suspect we will see more and more instances of teams doing everything they can to try to be successful, even if that means coloring outside the lines.”
Read more at Law360.
