Steven Bank
profbank.bsky.social
Steven Bank
@profbank.bsky.social

Professor of Law at UCLA. Posts are primarily about sports law, but may be about tax or corporate law. Posts are not legal advice

Business 55%
Economics 32%

On a quick read, I thought your were referring to Gianni Infantino and wondered what he's done now to go rogue after the made-up FIFA Peace Prize debacle

This has basically been the swimming/US version of soccer's European Super League case
Sports antitrust: a SF federal jury just found World Aquatics (formerly known as FINA) liable for anticompetitive conduct & a group boycott that harmed the International Swimming League (causing antitrust injury) but only awarded $1, a la the USFL case. Verdict: drive.google.com/file/d/17Hgm...
cand-3_2018-cv-07394-00576.pdf
drive.google.com
Sports antitrust: a SF federal jury just found World Aquatics (formerly known as FINA) liable for anticompetitive conduct & a group boycott that harmed the International Swimming League (causing antitrust injury) but only awarded $1, a la the USFL case. Verdict: drive.google.com/file/d/17Hgm...
cand-3_2018-cv-07394-00576.pdf
drive.google.com

You're probably right, but at best you're talking about someone buying a small multi-family low-rise building to collect rental income while living in one of the units

Does he mean over their lifetimes they have bought and sold multiple homes? Even then, even five over a lifetime would be a lot and I'm not sure how it supports any point he could be making here.

I'm shocked. He was a passionate soccer supporter and a thorn in U.S. Soccer's side at a time when it probably needed it
Rocco B. Commisso, the billionaire owner of Mediacom, president of ACF Fiorentina, and former majority owner of the New York Cosmos, has died at the age of 76.

www.acffiorentina.com/news/scompar...
ACF Fiorentina | La Fiorentina piange la scomparsa del Presidente Rocco B. Commisso
www.acffiorentina.com

Reposted by Steven A. Bank

Rocco B. Commisso, the billionaire owner of Mediacom, president of ACF Fiorentina, and former majority owner of the New York Cosmos, has died at the age of 76.

www.acffiorentina.com/news/scompar...
ACF Fiorentina | La Fiorentina piange la scomparsa del Presidente Rocco B. Commisso
www.acffiorentina.com

I'm kind of wondering whether the UCLA ROTC students he was training with had to change their kettle bell swing form to match Hegseth's so he wouldn't look out of place.
Hegseth had cameras recording him working out with recruits today at UCLA

This only makes FIFA look worse ironically as the public wonders about the connection between the Administration’s move to dismiss the cases and FIFA and Infantino’s moves to placate Trump
The Supreme Court sets aside lower court decisions upholding convictions for bribery related to the FIFA scandal because the Trump administration decided to dismiss those criminal cases "in the interests of justice." The FIFA prosecution ends in a whimper. www.supremecourt.gov/orders/court...
The Supreme Court sets aside lower court decisions upholding convictions for bribery related to the FIFA scandal because the Trump administration decided to dismiss those criminal cases "in the interests of justice." The FIFA prosecution ends in a whimper. www.supremecourt.gov/orders/court...
Hegseth had cameras recording him working out with recruits today at UCLA

FIFA president Gianni Infantino is going to give Venezuela a spot in the World Cup now that it is a host country "protectorate," isn't he?
cnn.com CNN @cnn.com · 27d
President Trump says the US will "run" Venezuela until safe transition can take place following the US capture of Maduro.

Follow live updates. https://cnn.it/4jyRghJ
CNN @cnn.com · 27d
President Trump says the US will "run" Venezuela until safe transition can take place following the US capture of Maduro.

Follow live updates. https://cnn.it/4jyRghJ

That is a very D3 men's soccer goal
BOURNEMOUTH LEAD AT STAMFORD BRIDGE. 🍒

David Brooks bundles it in from a long throw-in to take the lead over Chelsea.

Reposted by Steven A. Bank

BOURNEMOUTH LEAD AT STAMFORD BRIDGE. 🍒

David Brooks bundles it in from a long throw-in to take the lead over Chelsea.

These are the kinds of rates that inspired what is now known as the "Augusta Rule" in the U.S. Tax Code - just in case any enterprising individual is thinking about renting out their home as an alternative to a hotel
NEW:

Hotels across US, Canada & Mexico hiked prices during the FIFA World Cup in 2026, with an analysis by The Athletic revealing average increase of over 300 per cent per night around opening matches in the 16 host cities.

Report: nytimes.com/athletic/68757…

Reposted by Steven A. Bank

NEW:

Hotels across US, Canada & Mexico hiked prices during the FIFA World Cup in 2026, with an analysis by The Athletic revealing average increase of over 300 per cent per night around opening matches in the 16 host cities.

Report: nytimes.com/athletic/68757…

Kind of an own goal when you're co-hosting the World Cup this summer
This is INSANE www.nytimes.com/2025/12/09/t...

and these are our closest allies!
This is INSANE www.nytimes.com/2025/12/09/t...

and these are our closest allies!

This reminds me of FIFA's use of direct grant + development program aid to silence dissent, buy votes from poor nations, and entrench corruption that hurt poor nations. The analogy would be complete if the money actually goes to corrupt local leaders, rather than farmers who are affected the most.
BREAKING | Trump to offer $12 billion taxpayer bailout for farmers harmed by his tariff policies
Trump to offer $12 billion taxpayer bailout for farmers harmed by his tariff policies
www.independent.co.uk

Reposted by Steven A. Bank

BREAKING | Trump to offer $12 billion taxpayer bailout for farmers harmed by his tariff policies
Trump to offer $12 billion taxpayer bailout for farmers harmed by his tariff policies
www.independent.co.uk

High Rates and Low Taxes: Tax Dodging in Mid-Century America

Coming out digitally in February and hard copy soon after. Request your libraries order it!

www.cambridge.org/core/books/h...

The NASL lawsuit is dead; long live the NASL lawsuit

NASL's appeal in its antitrust lawsuit against US Soccer and MLS, which was filed on May 9 after a jury verdict was rendered against NASL in Feb, is still on the 2d Cir. docket and MLS' brief is due today.

Big change, but probably beneficial in terms of increasing the value of their player buy and sell windows and moving the playoffs to a period that doesn't compete with football. Question is whether it will hurt ticket sales to trade games in June-July for games in Nov-Dec
BREAKING: MLS owners have voted and passed a schedule change. The league will run from the late summer months through May.

This is due to start in summer of 2027. MLS will take winter break in Jan/Feb

More from @paultenorio.bsky.social on the ground at BOG meeting: www.nytimes.com/athletic/680...
MLS owners vote to flip schedule to European calendar, change format starting in 2027
MLS will soon align with leagues that play from the fall to the spring after a transformational decision made by its owners
www.nytimes.com

Reposted by Steven A. Bank

BREAKING: MLS owners have voted and passed a schedule change. The league will run from the late summer months through May.

This is due to start in summer of 2027. MLS will take winter break in Jan/Feb

More from @paultenorio.bsky.social on the ground at BOG meeting: www.nytimes.com/athletic/680...
MLS owners vote to flip schedule to European calendar, change format starting in 2027
MLS will soon align with leagues that play from the fall to the spring after a transformational decision made by its owners
www.nytimes.com

"Season-ticket holders across the league, who have previously received a complimentary subscription to MLS Season Pass, will now receive an annual Apple TV subscription at no additional cost.”

www.sportsbusinessjournal.com/Articles/202...

Do you think they are worried about reliance interests for season tickets already sold/renewed or are there logistical issues associated with union/CBA sign-off, stadium availability, streaming/TV windows, etc. that they need time to address?

In the 19th and early 20th centuries, the tariff was probably one of the most frequent topics for political cartoons. Even in an era of high tech, talk shows, and podcasts, a picture is still worth a thousand words when it comes to describing how many ways people dislike tariff policy
Winsor McCay on tariffs

Reposted by Steven A. Bank

Winsor McCay on tariffs

Even if it costs FIFA a solid gold trophy (and it will), it's pretty cheap insurance against the US deciding on a whim to move the World Cup games out of Los Angeles or New York. This is one area where Infantino has experience.