Article

NFL Lawsuits: How Legal Funding Might Play A Part

Written by Lulaine Compere

Topic: Legal ServicesPublished May 22, 2012
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Football is arguably the most popular and profitable sport in the America. The National Football League is one of the most profitable sports enterprises in the country. The sport brings in tons of money through different sources of entertainment and endorsements. The brutality involved in playing the game is a primary reason many fans enjoy the sport. As football has evolved, medical professionals and scientists have studied the long term effects of playing the game. Some of the research points to devastating outcomes. Many former players have suffered concussions and other mental issues that have debilitating effects on them. As the league becomes more profitable with last year reported as the most profitable ever, the former players who helped build the league are filing lawsuits against the NFL. They believe they are entitled to compensation for problems they are experiencing during retirement. There are already effects of the lawsuit without a decision or settlement being reached. There is more testing being done on football athletes of all levels as well as better equipment. This is obviously a positive outcome, but does not help the players of yesteryear and the problems they are currently facing. When players retire, their income usually drops significantly. For former players, that means returning to a normal lifestyle. For athletes who played in the 1970s and 1980s, their lifestyle wasn’t nearly as glamorous as today’s players. They didn’t make anything close to what players make now. rnLitigation is their only means of getting what they feel is deserved from the giant phenomenon that is the NFL. If they need financial assistance while litigation progresses, they can seek out legal funding to help get them through. rnLawsuits are expensive, especially against companies like the NFL which are practically institutions. The type of legal maneuvers and money they bring to a case can almost intimidate anyone to taking what they offer. Legal funding actually evens the odds a little bit. It is not the secret to winning a lawsuit but it can help. rnIf the NFL decides to offer the former players suing a deal not worth taking, instead of accepting it because of their financial situation, they can keep fighting and put the pressure back on the defense. Lawsuits are always pressure against the plaintiff because it’s their case to prove, especially against a big business like the NFL who would like to get rid of this problem. Legal funding can give these former players a fighting chance to actually get some justice out of the situation. If the case does settle, post-settlement legal funding can act as a bridge for the plaintiffs from the time it settles to when the NFL decides to pay.

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About the Author

Lulaine Compere is a writer and research analyst in the legal funding space.