• Loading stock data...
Tuesday, December 10, 2024
Tune in on Dec. 11 at 1:05 p.m. ET for our last Future of Sports virtual summit of the year – Future of Sports: Marketing! Register Now
Law

Supreme Court Dismisses Oakland’s Suit Against NFL

  • The U.S. Supreme Court declined to hear Oakland’s appeal of a lower court ruling.
  • Oakland was seeking $240 million in damages over the Raiders’ relocation.
Raiders
Kirby Lee-USA TODAY Sports

It looks like the NFL and its teams won’t have to compensate Oakland for losing the Raiders in 2020.

Oakland was seeking $240 million in damages after the storied franchise was allowed to move from Oakland to Las Vegas – which the city claims violated federal antitrust law. But on Monday, the U.S. Supreme Court declined to hear the city’s appeal of a lower court ruling without comment. 

The Raiders’ former home city sued the league and its 32 teams in 2018. The Miami Dolphins were the only team not to approve the Raiders’ relocation to Las Vegas.

The city claimed the NFL restricted the ability of Oakland “and other host cities to maintain and sponsor an NFL club at competitive prices.”

  • Oakland claims the league sent the Raiders to Vegas after the city refused to meet the league’s “exorbitant” demand for public money to build a new stadium.
  • The compensation demand was for lost tax revenue and capital invested in the Oakland Coliseum.

In December 2021, a panel from the 9th U.S. Circuit Court of Appeals ruled against Oakland, claiming the “city’s damages are highly speculative and would be exceedingly difficult to calculate.” 

In March, Oakland’s attorneys appealed to the Supreme Court.

Vegas Value

The Raiders have paid off their $325 million relocation fee and are reportedly valued at $6.5 billion. The team, which paid $1.9 billion for Allegiant Stadium, has $1.3 billion in debt.

Despite having the third-lowest capacity in the NFL at 65,000, the team led the NFL with $119 million in net gate revenue in 2021, excluding luxury suites.

Linkedin
Whatsapp
Copy Link
Link Copied
Link Copied

What to Read

As Wizards Hit Historic Low, Leonsis Calls Season ‘Very Productive’

They’re on pace for one of the worst records in NBA history.

College Football Playoff Teams Paid $27M for Non-Conference Schedules

Texas led the way with three games that cost $4.9 million.

Have Mets Upended New York’s Baseball Hierarchy With Soto Deal?

The National League team sheds its image as an often-lovable underdog.

Amazon Breaks NFL Streaming Record (Again) With ‘TNF’ Ratings

The “Thursday Night Football” game drew 17.29 million viewers.

Featured Today

Nov 2, 2024; Denver, Colorado, USA; Detailed view of a Wilson NBA basketball held by a referee during the second half between the Utah Jazz against the Denver Nuggets at Ball Arena

‘Obvious Weak Point’: Refs Remain an NBA Gambling Concern

A season after Jontay Porter, the biggest risk may not be players.
Nov 2, 2024; Ann Arbor, Michigan, USA; Michigan Wolverines cheerleader runs with a flag before the game against the Oregon Ducks at Michigan Stadium.
opinion
December 7, 2024

College Football’s Billionaire Backer Era Begins

Is this the new normal in CFB recruiting?
LA Galaxy forward Dejan Joveljic (9) celebrates with midfielder Riqui Puig (10) after scoring a goal against Seattle Sounders FC in the second half in the 2024 MLS Cup Western Conference Final match at Dignity Health Sports Park
December 6, 2024

With or Without Messi, Major League Soccer Is Barreling Into the Future

After the Cup final, the league looks to accelerate its growth.
Dec 18, 2022; Lusail, Qatar; FIFA president Gianni Infantino claps during the awards ceremony after the 2022 World Cup final between Argentina and France at Lusail Stadium.
December 2, 2024

FIFA Wants More Matches. Resistance Is Growing Inside the Global Soccer World

Resentment and frustration over expanded schedules is nearing a breaking point.
Tyson
December 6, 2024

Gambling Company Sues Mike Tyson, Says He Blew Off Deal to Fight..

Tyson recently lost a highly anticipated fight to Jake Paul in Texas.
December 9, 2024

Jay-Z’s Attorney Calls Sexual Assault Lawsuit a ‘Campaign of Extortion’

The lawsuit was originally filed against Sean Combs in October.
Sponsored

How UBS Crafts Impactful Partnerships Across Sports, Arts, and Culture

As UBS continues to expand its impressive array of sports and entertainment partnerships, the company solidifies its position as a leader in wealth management.
James Dolan
December 5, 2024

Judge Orders MSG Bootleg Merch Sellers to Cut It Out, Appear in..

MSG Sports, the Knicks, and Rangers sued the vendors Monday.
James Dolan
December 3, 2024

James Dolan’s MSG Sports Declares War on Bootleg T-Shirt Vendors

The Knicks and Rangers are suing counterfeit merchandise vendors outside of MSG.
Mar 12, 2024; Phoenix, Arizona, USA; Los Angeles Dodgers designated hitter Shohei Ohtani talks with translator Ippei Mizuhara in the dugout against the San Francisco Giants during a spring training baseball game at Camelback Ranch-Glendale.
December 3, 2024

Shohei Ohtani Seeks Baseball Cards From Interpreter in Federal Case

Ohtani’s former translator is expected to be sentenced for bank and tax fraud.
Nov 4, 2024; Kansas City, Missouri, USA; Recording artist Taylor Swift arrives prior to a game between the Tampa Bay Buccaneers and the Kansas City Chiefs at GEHA Field at Arrowhead Stadium.
November 29, 2024

The PWHL Could Be Inviting a Date With Taylor Swift’s Legal Team

The Toronto Sceptres may have opened a Pandora’s box of trademark issues.