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Conduct Detrimental: THE Sports Law Podcast

WWE Corporate Coup, Gio Reyna Family Feud, & Jake Paul's Groundbreaking MMA Deal

12 Jan 2023

Description

Welcome back to THE Sports Law Podcast! We keep you up to date on everything at the intersection of sports and the law! Dan Lust is joined by Mike and Tarun as well as guest Andrew Bua, who is an attorney with Wasserman. Vince McMahon is back and issues immediately arise. (4:47) McMahon had initially stepped down as CEO last summer amidst allegations of misconduct and his daughter Stephanie McMahon and her husband WWE start Triple-H have taken over. Recently, Vince has returned and is now being accused of voter misuse and stacking the board in his favor. Vince was also accused of timing his return with the WWE media rights negotiations. WWE shareholders have filed a class-action lawsuit claiming breach of fiduciary duty against Vince.  Jake Paul signs major deal with the Professional Fighters League. (33:44) The PFL is an MMA league that has been gaining popularity for their season-style fighting schedule. Jake Paul, and business partner Nakisa Bidarian (former CFO of the UFC), are equity shareholders in the PFL and created the Super Fight division. This new division is to encourage fighters with an already big draw to compete in this division and the fighters receive 50% of the pay-per-view (PPV). Fighter pay has been a long-standing issue with the UFC and Dana White. Many UFC fighters have called out Dana for better shares of PPV and Jake Paul has also criticized White. USMNT head coach Gregg Berhalter no longer had a contract with the team following report of domestic violence. (45:23) A report was provided to USSF officials that Berhalter had kicked his now-wife over 30 years ago in a bar. This allegation was confirmed by Berhalter and his wife, in that it was back in 1991 when they were dating. Berhalter released a statement apologized for his actions and his wife stated that she has forgiven her husband. The interesting part of this story is the person who told the USSF was Danielle Renya, who is the mother of Giovanni Reyna and the wife of soccer legend Claudio Reyna. The Reynas and Berhalters have known each other since college and apparently the Reynas were not happy with the amount of playing time that their son received during the world cup. There were apparent behavior issues with Gio during the world cup that Berhalter had addressed the media about, another thing the Reynas were most likely unhappy about. Moving forward we will see if a tortious interference lawsuit arises. Dan and Conlan are back with the betting segment sponsored by Bettor Edge. (1:10:03) Make sure that you head over to bettoredge.com and use the promo code "Conduct" for $20 free for bets or go to bettoredge.com/conduct. *** Have a topic you want to write about? ANYONE and EVERYONE can publish for ConductDetrimental.com. Let us know if you want to join the team. Dan Wallach (@WallachLegal) | Dan Lust (@SportsLawLust) | Mike Lawson (@mike_sonof_law) Twitter | Instagram | TikTok |  YouTube | Website | Email

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