California CodesBusiness and Professions Code - BPCDivision 8 — Special Business RegulationsChapter 2.5 — Athlete AgentsArticle 2 — Professional Athletes and Athlete AgentsSection 18897.27
No athlete agent shall have an ownership or financial interest in any entity that directly employs athletes in the same sport as a person with whom the athlete agent has entered into an agent contract, or for whom the athlete agent is attempting to negotiate an endorsement contract, financial services contract, or professional sports service contract, or for whom the athlete agent provides advice concerning potential or actual employment as a professional athlete.
Notes
Prohibits an athlete agent from holding an ownership or financial interest in an entity that directly employs athletes in the same sport as a person the agent represents, is negotiating specified contracts for, or advises about professional-athlete employment. The restriction covers current agent-contract clients and persons receiving the described negotiation or employment-advice services.
Use as reference
Lexinter.net | California Code, Business and Professions Code - BPC § 18897.27 | https://laws.lexinter.net/codes/california/business-and-professions-code/division-8/chapter-2-5/article-2/section-18897-27