Plenty of Am Law 200 corporate lawyers stayed busy last year advising a bevy of clients seeking to buy and sell professional sports teams, assets that are generally considered to be recession-proof investments.
And while 2012 is likely to see its share of pro sports-related transactions, one deal that won’t be happening is the proposed sale of the NHL’s St. Louis Blues now that the league has terminated a purchase agreement for the franchise-valued at $157 million by Forbes-put together by Chicago businessman Matthew Hulsizer.
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