|
U.S. Code as of:
01/19/04
Section 1291. Exemption from antitrust laws of agreements covering the telecasting of sports contests and the combining of professional football leagues
The antitrust laws, as defined in section 1 of the Act of October
15, 1914, as amended (38 Stat. 730) [15 U.S.C. 12], or in the
Federal Trade Commission Act, as amended (38 Stat. 717) [15 U.S.C.
41 et seq.], shall not apply to any joint agreement by or among
persons engaging in or conducting the organized professional team
sports of football, baseball, basketball, or hockey, by which any
league of clubs participating in professional football, baseball,
basketball, or hockey contests sells or otherwise transfers all or
any part of the rights of such league's member clubs in the
sponsored telecasting of the games of football, baseball,
basketball, or hockey, as the case may be, engaged in or conducted
by such clubs. In addition, such laws shall not apply to a joint
agreement by which the member clubs of two or more professional
football leagues, which are exempt from income tax under section
501(c)(6) of the Internal Revenue Code of 1986 [26 U.S.C.
501(c)(6)], combine their operations in expanded single league so
exempt from income tax, if such agreement increases rather than
decreases the number of professional football clubs so operating,
and the provisions of which are directly relevant thereto.
|
|