Bankrupt Tennis Line Prince Scores $15M Licensing Deal

Law360, New York (May 10, 2012, 4:18 PM EDT) -- Bankrupt Prince Sports Inc. agreed Wednesday to license its iconic brands to Battle Sports Science LLC in a deal that will return at least $15 million to the ailing tennis equipment supplier and keep it in the game for the upcoming season.

The agreement, which requires the approval of a Delaware bankruptcy judge, allows Battle Sports Science the right to source, market and distribute Prince products in the U.S. through the end of 2017.

Founded in 1970, the tennis racquet innovator filed for Chapter 11 on...
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