Terry Johnson: Sports, Gaming, and Family Business Governance

(0:00) About the Boardroom Governance Summit (Aug 26-27, 2026) 

(0:54) Intro

(2:15) About the podcast sponsor: The American College of Governance Counsel.

(3:01) Start of interview. *Reference to prior episode with Terry (E131) from 2024.

(3:50) About Terry's role as Co-Chair of WilmerHale's Sports & Gaming Practice 

(4:52) Sports Investment Boom, now including institutional investors and private equity 

(8:40) League Ownership Models (ie. NFL, MLS, WPHL, etc)

(14:24) Player Revenue Battles (example of WNBA)

(16:34) Terry's sports governance practice

(18:18) The Soccer World Cup, Global Expansion, and cross-border investments

(20:35) U.S. Sporting Franchises 

(23:09) Betting platforms and Integrity. Growth of prediction markets like Polymarket and Kalshi.

(26:58) Women’s Sports Surge

(32:38) Family Business Governance

(38:06) Family Office Structures

(41:11) Wine Industry Pressure

(44:27) Future of Sports Investing

(47:03) College Sports Revenue Sharing. Reference to House case settlement

(49:55) Promotion and Relegation

Teresa (Terry) Johnson is co-chair of WilmerHale’s Sports & Gaming Practice, and a partner in the firm’s Transactional Department. Ms. Johnson is an experienced sports and corporate transactions lawyer with over three decades of experience advising clients on securities transactions, corporate governance and capital markets matters.

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Music/Soundtrack (found via Free Music Archive): Seeing The Future by Dexter Britain is licensed under a Attribution-Noncommercial-Share Alike 3.0 United States License