Publication
Impact of PSR and other financial rules on ownership
An in-depth analysis of the Premier League’s PSR framework, its enforcement and its influence on club ownership, valuations and financial strategy.
United States | Publication | April 2021
As the COVID-19 pandemic has continued, many cities have passed ordinances providing hazard or "hero pay" to essential workers, typically amounting to an extra US$4 to US$5 per hour. Recently, Los Angeles City and Los Angeles County passed such ordinances, following the likes of Berkeley, Buena Park, Coachella, Daly, Montebello, Oakland, San Jose, San Leandro, Seattle, and West Hollywood. One city, Long Beach, passed its "hero pay" ordinance on January 19, 2021, requiring large grocery stores in the city to provide each grocery worker with premium pay of an additional US$4 per hour for each hour worked for a minimum of 120 days. On January 20, 2021, the California Grocers Association (CGA) filed suit against the City of Long Beach, contending its "hero pay" ordinance was preempted by the National Labor Relations Act and violated the Equal Protection and Contracts clauses of the U.S. and California constitutions. On February 25, 2021, the District Court denied CGA's request for a preliminary injunction finding CGA was unlikely to prevail on its preemption, equal protection and contract clause claims.
CGA has now appealed the District Court's decision to the Ninth Circuit. With more and more cities passing "hero pay" ordinances, all eyes will be on the Ninth Circuit to see how it rules on this appeal.
Publication
An in-depth analysis of the Premier League’s PSR framework, its enforcement and its influence on club ownership, valuations and financial strategy.
Publication
Now in its sixth year, our annual English Premier League (EPL) football report, Keeping Possession, captures insights from our global sports law team on the key trends and topics shaping the landscape of English football.
Publication
Now in its third year, our Global M&A Trends and Risks report, published in partnership with Mergermarket, captures insights from senior dealmakers across the world on the key risks and opportunities shaping mergers and acquisitions (M&A) deal activity in 2025.
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