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By Jake Simpson, Law 360
Loeb & Loeb LLP is noted and Brian Socolow is quoted in an article discussing the purchase of U.S. pro sports franchises by hedge fund and private equity fund managers. Fueled by the booming sports television industry and the rapid growth in the profitability of successful franchises, some of the top managers of mutibillion-dollar private fund firms are either buying teams with their personal wealth or acquiring them through their funds.
