A PYMNTS Company

US: Maryland AG files antitrust suit against sports league’s $52.3M exit fee

By  |  January 21, 2013

Maryland’s Attorney General has filed a case against the Atlantic Coast Conference, a collegiate sports league, claiming the ACC’s exit fee is a violation of the nation’s antitrust law. AG Douglas F. Gansler has filed the action on behalf of Maryland’s Board of Regents. The ACC added Notre Dame in September 2012 as a partial member of the league, simultaneously voting to increase the exit fee to $52.3 million – a fee Maryland was charged when it decided to leave the ACC and join the Big Ten Conference in 2014. In a statement, AG Gansler called the exit fee “an antitrust violation and an illegal penalty.” AG Gansler also filed a motion to move the ACC’s legal action against Maryland from North Carolina to a Maryland court.

    Get the Full Story

    Complete the form to unlock this article and enjoy unlimited free access to all PYMNTS content — no additional logins required.

    Subscribe to our daily newsletter, PYMNTS Today.

    By completing this form, you agree to receive marketing communications from PYMNTS and to the sharing of your information with our sponsor, if applicable, in accordance with our Privacy Policy and Terms and Conditions.

     

    We’d love to be your preferred source for news.

    Please add us to your preferred sources list so our news, data and interviews show up in your feed. Thanks!

    Add as Preferred Source

    Full Content: CBS Sports

    Want more news? Subscribe to CPI’s free daily newsletter for more headlines and updates on antitrust developments around the world.