issues. Moorad also serves as a principal of Morgan Lewis Consulting, which helps businesses navigate through complex regulatory and legal issues in the U.S. and abroad. MSP Sports Capital In 2019, Moorad along with partners Jahm Najafi, Arne Rees, and Steve Wasserman, formed MSP Sports Capital, a sports investment company with targeted equity and debt investments in properties at the intersection of sports, global media rights, distribution technologies, content creation, sponsorship, esports, betting, and data. MSP is headquartered in New York City. In July 2019, MSP partnered with David Blitzer and Blitz Capital to acquire GD Estoril Praia, a Portuguese football club in Estoril, Cascais. Later that year, in September, MSP partnered with Blitz Capital and former Real Madrid executive Ivan Bravo to acquire AD Alcorcón, a Spanish football club based in Madrid. In 2020, MSP bought a "significant" minority stake in the McLaren Racing team, with Moorad being named to its board of directors. In October 2022, MSP acquired a majority stake in the X Games from The Walt Disney Company. The MSP investors include skateboarding legend Tony Hawk, who will serve as a brand steward and join the action sports league’s advisory board. ESPN retained a minority interest in the company, and will serve as the X Games domestic linear broadcast partner as part of a multi-year agreement. Other business In 1993, Moorad and Steinberg were part of a group that founded Integrated Sports International, which consulted with teams, venues, and corporations on their sports sponsorship and marketing initiatives. ISI also represented athletes and coaches for marketing and broadcasting opportunities. ISI was sold to SFX Entertainment in 1999. In 1998, Moorad and Steinberg, along with their head of media and investment initiatives, Tyler Goldman, founded Athlete Direct. Athlete Direct managed the official websites and social media platforms of professional athletes, including many Steinberg & Moorad clients. Moorad and Steinberg remained involved until the company's 1999 deal with Sequoia Capital and Redpoint Ventures. Moorad served on the Board of Directors for Oakley, Inc., until the sale of the company to Italian manufacturer, Luxottica. Moorad also served on the Board of Directors for Citizen Sports Network, a digital sports & entertainment company, until its sale to Yahoo! in 2010. Moorad previously owned NASCAR team Hall of Fame Racing. Entertainment business Moorad and Steinberg appeared in and served as technical consultants for the 1996 Academy Award-winning picture Jerry Maguire. Moorad and