OPINION
Yet Another Company Fleeing America’s First State for Nevada? Sphere Entertainment Files to Leave Delaware
Dear Friends,
MORE Breaking News, folks, Sphere Entertainment has filed to leave Delaware. This week, American video game developer Roblox said it may leave Delaware to reincorporate in Nevada, just like TransPerfect did. Since Elon Musk and Tesla moved to Texas last year, more companies are deciding whether to follow.
Maybe Delaware legislators passing Senate Bill 21 SB21 can’t stop this exodus? Has the health of the incorporation industry in Delaware become an even bigger concern after Chancery Court’s cronyism and corruption went too far?
What do you think can solve this, folks? Please share your thoughts, they’re always valued and appreciated.
Please see the note on X from Professor Robert Anderson below.
Sincerely Yours,
JUDSON Bennett–Coastal Network
Robert Anderson
@ProfRobAnderson
Sphere Entertainment (SPHR) has filed to reincorporate out of Delaware and into Nevada.
Judson Bennett
Author
Captain A. Judson Bennett was a life- long resident of Lewes, DE. He served the maritime industry for 33 years, primarily as a Delaware River Pilot, guiding large ships to the Port of Philadelphia. Captain Bennett has been an active and consistent entrepreneur over the years.
He was elected as a Lewes City Councilman for 6 years. Afterwards he ran for the Sussex County Council as a Republican, and with 20 thousand people voting, lost Delaware’s closest election by 3 votes to an 8 year incumbent. Abandoning his personal political ambitions, he became the Republican District leader, advocating conservative values. Captain Bennett became a lobbyist in the state legislature advocating among many ideas, financial literacy concepts in education. He managed several political campaigns, including one for Governor of Delaware and one for the US Senate against VP Joe Biden. He is now the owner, operator, and writer for the Coastal Network which communicates regularly with over 6000 people throughout the State of Delaware.
Captain Bennett is a graduate of St. Andrew’s School in Middletown, DE (where the movie “The Dead Poet’s Society was filmed) and also graduated “Magna Cum Laude” from the University of Delaware with a BA in Criminal Justice and an MA in Liberal Studies.
He is now a Widower, living in West Palm Beach, Florida. Captain Bennett has one son, three grandchildren, and one great grand-daughter, all who live in Richmond, Virginia.
