$20 Million asking price for an NLL expansion team

With new media deals with ESPN and TSN. We can expect to see franchise values for current NLL increase and along with that comes an increase in future expansion fees.

According to sportico Joe Tsai paid $10 million for the NLL expansion team, that will play out of Las Vegas.

Team 16 will could very well fetch the NLL a $20 million expansion fee.

Now the only question is….What big city will get Team 16?

Vegas Baby

Looks like the official announcement will come on June 21st at 1 PM PST.

However, Las Vegas has activated their twitter account and you can find it HERE

You can find the NLL Las Vegas website HERE

 

NLL welcomes Fort Worth

Well the NLL made it official this morning.  Although the horse left the barn well before the official announcement. You can read about it HERE

Bill Cameron who owns part of the NBA OKC Thunder is the majority owner.  You can read more about Bill Cameron’s background HERE

The team will play home games at 14,000 seat Dickies Arena starting 2022.

Fort Worth Panthers

After checking the trademark database. The Fort Worth Panthers has been published for opposition.

Once approved by an examining attorney at the U.S. Patent and Trademark Office (USPTO), your trademark is published for opposition.  This opens a 30 day window for third parties to oppose your application.

While the league remains mum. The foundation continues to be laid for a Dallas / Fort Worth franchise.

Panther City

Well the league has registered three new trademarks

  1. Panther City Lax
  2. Panther City Lacrosse
  3. Panther City

Looks like Dallas-Fort Worth is getting their ducks in a row. You can check out the filings below.

16 teams by 2023

So we are spending the night cruising the NLL job board and what do we find?

Coordinator, Marketing & League Administration with National Lacrosse League

So we review the summary and we find this gem.

  • Expand the league to 16 teams by the 2023 season

You can find the full job description HERE

If we had to guess. We would guess Dallas, Las Vegas, and San Francisco. Speaking of which all has been quiet on the Canadian expansion front (Edmonton)

 

Fort Worth Panthers

Well looks like the NLL is back to registering trademarks. This fits in with the rumored Dallas area expansion franchise.  You can check it out for yourself HERE

Serial Number:88785252

Mark: FORT WORTH PANTHERS

Status: New Application-Record initialized not assigned to examiner

Status Date: 02-08-2020

Filing Date: 02-04-2020

Registration Number: N/A

Registration Date:N/A

Goods and Services:

Shirts; T-shirts; Sweatshirts; Tops as clothing; Pants; Bottoms as clothing; Shorts; Hats; Headwear; Jackets; Jerseys Entertainment in the nature of lacrosse games; Providing a website featuring information relating to the sport of lacrosse; Providing news and information in the field of lacrosse

Mark Description:N/A

Class: Education

Type of Mark: Trademark

Published for Opposition Date:

N/A

Owner: NATIONAL LACROSSE LEAGUE, INC.

Mark Drawing Status: Standart Character Mark

Abandon Date: N/A

Business Name: PILLSBURY WINTHROP SHAW PITTM