Johnson_Teresa

Teresa L. Johnson

Partner

  • Co-Chair, Sports and Gaming Practice

Teresa L. Johnson is co-chair of WilmerHale's Sports and Gaming Practice and a partner in the firm's Transactional Department. Throughout her career, Ms. Johnson has served as lead outside corporate counsel to professional sports franchises and their owners, guiding high-stakes transactions shaped by league rules, ownership policies and debt limitations. Her work focuses on guiding the transactions that determine who owns a team, how it is capitalized and how it is governed.

Ms. Johnson represents clients across the ownership table, including major professional sports organizations, controlling and minority owners, private capital firms, family offices, high-net-worth investors and teams and leagues in formation. Her clients include the Las Vegas Raiders of the National Football League and the Las Vegas Aces of the Women's National Basketball Association. For franchise clients, she handles the full arc of ownership and capitalization, including relocation and venue financing, through successive ownership transactions involving some of the most recognized names in sports and private capital, along with the credit facilities and governance structures beneath them, working directly with team leadership and leagues.

Ms. Johnson draws on more than three decades of counseling clients on securities, capital markets and corporate governance experience to help clients structure transactions that clear league approval, align economic and governance interests and achieve long-term strategic objectives.

Alongside her sports practice, Ms. Johnson counsels public and private companies, boards, senior executives, family offices and high-net-worth individuals on securities transactions, corporate governance and capital markets matters. She also has a long-standing practice representing wineries, owners and businesses throughout the wine industry.

Ms. Johnson has an expansive thought leadership platform, writing and speaking extensively on transactional and Environmental, Social and Corporate Governance (ESG) matters, including in the Financial Times. She is also one of the lead editors of Environmental, Social, Governance: The Professional’s Guide to the Law and Practice of ESG (ABA). Ms. Johnson previously served as President of the Bar Association of San Francisco and the Justice & Diversity Center and is a leader in the Legal Alliance for Reproductive Rights.

Prior to joining WilmerHale, she served as a partner and co‑head of the capital markets practice at an AmLaw 100 firm.

Experience

  • Las Vegas Raiders (NFL)*

    • Relocation of the franchise from Oakland to Las Vegas and the financing of the $1.7 billion Allegiant Stadium.
    • Sale of minority interests to Tom Brady and Tom Wagner.
    • Sale of minority interests to Egon Durban, co-CEO of Silver Lake, Michael Meldman, founder and chairman of Discovery Land Company, and their consortium.
    • Succession planning options for Egon Durban to acquire general partner and limited partnership interests in the Raiders from Mark Davis.
    • Multiple additional transactions involving minority interests in the franchise.
    • Ongoing corporate, governance and finance matters, including the team's credit facilities and stadium financing structure.

    Some matters handled prior to joining WilmerHale.

  • Las Vegas Aces (WNBA)*

    • Acquisition of the Aces from MGM Resorts International in 2021.
    • Sale of a minority interest in the Aces to Tom Brady.
    • Ongoing corporate, governance and finance matters.

    Some matters handled prior to joining WilmerHale.

  • Other Sports Experience

    • Investor-side representations involving MLB, NBA and WNBA teams.
    • Work with emerging sports leagues and teams in formation.

Insights & News

Credentials

  • Education

    • JD, Stanford Law School, 1992

      Member, Stanford Law Review
    • AB, Harvard University, 1989

      cum laude
  • Admissions

    • California

    • New York

    • England and Wales

  • Languages

    • French

    • Italian

Credentials

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