Maslon Client, FLW Outdoors, Featured in Time Magazine Article on College Fishing Tournaments

A June 10, 2013, Time Magazine article titled "Big Fish on Campus" features Maslon client FLW Outdoors, the largest fishing tournament organization in the world which operates both the pro fishing tour as well as the college fishing circuit. Termed the "NASCAR of fishing," the article reports that FLW Outdoors started the college-division fishing tournament four years ago with a reported 90 college bass-fishing clubs competing. Since then, the number of competing clubs has grown to 610 in 2012. Most recently, the team that won the FLW national title took home a $27,000 bass fishing boat and $3,000 in cash, with a shot at the 2013 Forest Wood Cup—the Super Bowl of bass fishing with $500,000 in net winnings. The article notes that Bass fishing is a club sport, making it exempt from NCAA regulations, which means anglers can get individual sponsorships and compete in non-collegiate tournaments while at the same time fishing for their school. As suggested by the subtitle, "Unlike most college sports, angling can pay off."

Subscribers to Time Magazine can view the article online at Big Fish on Campus.

Barry Gersick, partner in Maslon's Business & Securities Group, represents FLW Outdoors and regularly advises clients in the areas of taxation, business matters, and estate planning. He has represented privately held businesses and their owners in various tax matters, including tax planning, contested tax matters, estate planning, and estate and gift taxation. Barry has assisted owners of businesses in numerous acquisitions and divestitures.