November 4, 2019 Basketball / Intellectual Property, Copyright, and Trademark / Litigation / NBA / Trademark

Adidas and Brooklyn Nets Settle Trademark Lawsuit Over Milkcrate Logo

Adidas and the Brooklyn Nets have agreed to settle a trademark infringement lawsuit filed by Milkcrate Athletics Inc. over the use of its logo.

On October 28, 2019, Milkcrate asked a New York federal court to dismiss the lawsuit with prejudice, noting that a settlement had been reached. No details of this settlement have been revealed.

The lawsuit stemmed from an attempted collaboration between Adidas and Milkcrate. Between 2011 and 2017, Milkcrate owner Aaron “LaCrate” LaCanfora exchanged emails with Adidas seeking to collaborate on a …

September 9, 2019 Basketball / NBA

Barclays Center and Brooklyn Nets Have New Owner

On August 16, 2019, it was announced that Russian billionaire Mikhail Prokhorov agreed to sell the Barclays Center and his controlling stake in the Brooklyn Nets to Joe Tsai, co-founder and Executive Vice Chairman of the Alibaba Group. The deal was reportedly worth $3.5 billion.

It was long anticipated that Tsai, one of the world’s 150 richest people, would purchase the Nets as he already owned 49 percent of the franchise. The change in ownership continues what has been an already transformational summer for the Nets. The …

November 15, 2013 NBA

The “Greatest Sports Business Deal Of All Time” Coming to an End?

The NBA, and more specifically, four of its teams, were on the wrong side of an historic windfall. And now, they’re looking to get out of it.

When the ABA merged with the NBA in 1976, the plan was to keep four of the league’s seven teams: the Denver Nuggets, San Antonio Spurs, New York (later New Jersey and now Brooklyn) Nets and Indiana Pacers. The Virginia Squires were folded by the ABA before the end of the season due to financial problems. The Kentucky …