NCAA National Headquarters. (Credit: Jonathan Weiss/Adobe Stock) NCAA's Policy Changes Allegedly Leads to $5M Profit Loss for Digital Trading Card Company
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March 26, 2024 at 12:04 PM
4 minute read
Contractual Disputes
What You Need to Know
- DeSport, doing business as Prospex, filed a lawsuit in Oregon last week alleging economic interference against the NCAA.
- Prospex claims it has accrued $5 million in damages from lost profits, lost business opportunities and reputation damage by the NCAA.
- The company has been unable to pay the student athletes it partnered with since the NCAA warned there could be eligibility concerns for players who partner with the platform.
A lawsuit against the National Collegiate Athletic Association claims the organization intentionally interfered with an Oregon-based company's platform offering digital trading cards of collegiate athletes' name, image and likeness, leading to $5 million in lost profits.
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