Need for a Valuation
There are several reasons why a professional sports team will need to obtain a qualified valuation of the business enterprise, minority equity or LP interest, or assets. Based on our experience, clients have contacted us to conduct a valuation for the following reasons:
- Financial Reporting
- SFAS141 – Business Combinations
- SFAS 142 – Goodwill Impairment testing
- Other – value of restricted stock, stock options, etc.
- Tax reporting
- Management planning
- Litigation
- As part of their financing, banks will require an independent valuation
- Assistance on selling or acquiring a professional sports franchise
- Assistance on arena lease negotiations
