Document:

Specimen Unit Certificate

 Exhibit 4.1 
  

					
	NUMBER	 	 	  	UNITS
	
	    -U
		
	SEE REVERSE FOR CERTAIN DEFINITIONS	 	SPORTS PROPERTIES ACQUISITION CORP. 
			
		 		  	CUSIP [                ]

 UNITS CONSISTING OF ONE SHARE OF COMMON STOCK AND ONE WARRANT TO PURCHASE 
 ONE SHARE OF COMMON STOCK 
 THIS CERTIFIES THAT

 is the owner of                 Units. 
 Each Unit (“Unit”) consists of one (1) share of common stock, par value $0.001 per share (“Common Stock”), of Sports Properties Acquisition
Corp., a Delaware corporation (the “Company”), and one warrant (a “Warrant”). Each Warrant entitles the holder to purchase one (1) share of Common Stock for $7.00 per share (subject to adjustment). Each Warrant will become
exercisable on the later of (i) [                ], 2009 [one year following the date of the Company’s final prospectus contained in the registration
statement], and (ii) the Company’s completion of a merger, capital stock exchange, asset or stock acquisition, exchangeable share transaction, joint venture or other similar business combination, and will expire unless exercised before
5:00 p.m., Eastern Time, on [                ], 2012 [four years following the date of the Company’s final prospectus contained in the registration
statement] or earlier upon redemption. The Common Stock and Warrants comprising the Units represented by this certificate will begin separate trading five business days (or as soon as practicable thereafter) following the earlier to occur of
(1) the expiration of the underwriters’ over-allotment option and (2) its exercise in full, subject in either case to the Company having filed a Current Report on Form 8-K with the Securities and Exchange Commission, containing
an audited balance sheet reflecting the Company’s receipt of the gross proceeds of the initial public offering and issuing a press release announcing when such separate trading will begin. The terms of the Warrants are governed by a Warrant
Agreement, dated as of [                ], between the Company and Continental Stock Transfer & Trust Company as Warrant Agent, and are subject to the terms and
provisions contained therein, all of which terms and provisions the holder of this certificate consents to by acceptance hereof. Copies of the Warrant Agreement are on file at the office of the Warrant Agent at 17 Battery Place, New York, New York
10004, and are available to any Warrant holder on written request and without cost. 
 This certificate is not valid unless countersigned by the Transfer
Agent and Registrar of the Company. 
 Witness the facsimile seal of the Company and the facsimile signature of its duly authorized officers. 
  

							
	By	  	 	  	Sports Properties Acquisition Corp.	  	 
	 	  	 	  	CORPORATE	  	 
	 	  	 	  	THE STATE OF DELAWARE	  	 
	 	  	 	  	SEAL	  	 
		  	Chief Executive Officer	  	2007	  	Secretary

 Sports Properties Acquisition Corp. 
 The following abbreviations, when used in the inscription on the face of this certificate, shall be construed as though they were written out in full according to
applicable laws or regulations: 

									
	TEN COM—	 	as tenants in common	 	UNIF GIFT MIN ACT—	  	Custodian	  	 
	TEN ENT—	 	as tenants by the entireties	 	 (Cust)
	  	(Minor)	  	
	JT TEN—	 	as joint tenants with right of survivorship	 	under Uniform Gifts to Minors Act	  	 	  	
		 	and not as tenants in common	 		  	(State)	  	

 Additional Abbreviations may also be used though not in the above list. 
 For value received,                 hereby sell, assign and transfer unto 

 PLEASE INSERT SOCIAL SECURITY OR OTHER IDENTIFYING NUMBER OF ASSIGNEE 
 (PLEASE PRINT OR TYPEWRITE NAME AND ADDRESS, INCLUDING ZIP CODE, OF ASSIGNEE) 
 Units 
 represented by the within Certificate, and do hereby irrevocably constitute and
appoint                 Attorney to transfer the said Units on the books of the within named Company will full power of substitution in the premises.

  

							
	Dated	  	 	  	 
	 	  	 	  	 
		  		  	Notice:	 	The signature to this assignment must correspond with the name as written upon the face of the certificate in every particular, without alteration or enlargement or any change
whatever.

 Signature(s) Guaranteed: 
  
  
 THE SIGNATURE(S) SHOULD BE GUARANTEED BY AN ELIGIBLE GUARANTOR
INSTITUTION (BANKS, STOCKBROKERS, SAVINGS AND LOAN ASSOCIATIONS AND CREDIT UNIONS WITH MEMBERSHIP IN AN APPROVED SIGNATURE GUARANTEE MEDALLION PROGRAM, PURSUANT TO S.E.C. RULE 17Ad-15). 
 The holder of this certificate shall be entitled to receive funds from the trust account only in the event that the Corporation is liquidated because it does not consummate a business combination or the holder seeks
to convert his, her or its respective shares into cash upon a business combination which he, she or it voted against and which is actually completed by the Corporation. In no other circumstances shall the holder have any right or interest of any
kind in or to the trust account. 
  

 - 2 -Specimen Warrant Certificate

 Exhibit 4.3 
  

					
	NUMBER	  	(SEE REVERSE SIDE FOR LEGEND)	  	WARRANTS
			
	SAC-WS	  	 THIS WARRANT WILL BE VOID IF NOT
 EXERCISED PRIOR TO
 5:00 P.M. EASTERN TIME,                     , 2012
 OR UPON EARLIER REDEMPTION
	  	
			
		  	Sports Properties Acquisition Corp.	  	CUSIP [            ]

 WARRANT 
 THIS CERTIFIES THAT, for value received 
 is the registered holder of a Warrant or Warrants expiring at 5:00 p.m.,
Eastern Time, [            ] 2012 [four years from the date of the Company’s final prospectus contained in the registration statement], or upon earlier redemption (the
“Warrant”), to purchase one fully paid and non-assessable share of Common Stock, par value $0.001 per share (“Shares”), of Sports Properties Acquisition Corp., a Delaware corporation (the “Company”), for each Warrant
evidenced by this Warrant Certificate. The Warrant entitles the holder thereof to purchase from the Company, commencing on the later of (i) [            ], 2009 [one year from the
date of the Company’s final prospectus contained in the registration statement] and (ii) the completion by the Company of an acquisition through merger, capital stock exchange, asset or stock acquisition, exchangeable share
transaction, joint venture or other similar transaction, or a combination of any of the foregoing, of one or more operating businesses, that is its initial business combination and which meets the size, timing and other criteria outlined in the
Company’s registration statement on Form S-1 initially filed with the Securities and Exchange Commission on              (File No. 333-146353), as amended (“Business
Combination”), such number of Shares of the Company at the price of $7.00 per share, upon surrender of this Warrant Certificate accompanied by the annexed duly executed subscription form and payment of the Warrant Price (as hereinafter defined)
at the office or agency of the Warrant Agent, 17 Battery Place, New York, New York 10004 (such payment to be made by check made payable to the Warrant Agent or through a Cashless Exercise, as defined in Section 3.3.1 of the Warrant Agreement
(as hereinafter defined)), but only subject to the conditions set forth herein and in the Warrant Agreement between the Company and Continental Stock Transfer & Trust Company, dated
            , 2008 (the “Warrant Agreement”). In no event shall the registered holder of this Warrant be entitled to receive a net-cash settlement, shares of common stock
or other consideration in lieu of physical settlement in Shares of the Company. The Warrant Agreement provides that upon the occurrence of certain events the Warrant Price and the number of Warrant Shares purchasable hereunder, may, subject to
certain conditions, be adjusted. The term Warrant Price as used in this Warrant Certificate refers to the price per Share at which Shares may be purchased at the time the Warrant is exercised. 
 No fraction of a Share will be issued upon any exercise of a Warrant. If the holder of a Warrant would be entitled to receive a fraction of a Share upon
any exercise of a Warrant, the Company shall, upon such exercise, round up to the nearest whole number the number of Shares to be issued to such holder. 
 Upon any exercise of the Warrant for less than the total number of full Shares provided for herein, there shall be issued to the registered holder hereof or his assignee a new Warrant Certificate covering the number
of Shares for which the Warrant has not been exercised. 
 Warrant Certificates, when surrendered at the office or agency of the Warrant
Agent by the registered holder hereof in person or by attorney duly authorized in writing, may be exchanged in the manner and subject to the limitations provided in the Warrant Agreement, but without payment of any service charge, for another
Warrant Certificate or Warrant Certificates of like tenor and evidencing in the aggregate a like number of Warrants. 
 Upon due presentment
for registration of transfer of the Warrant Certificate at the office or agency of the Warrant Agent, a new Warrant Certificate or Warrant Certificates of like tenor and evidencing in the aggregate a 

 
like number of Warrants shall be issued to the transferee in exchange for this Warrant Certificate, subject to the limitations provided in the Warrant
Agreement, without charge except for any applicable tax or other governmental charge. 
 The Company and the Warrant Agent may deem and treat
the registered holder as the absolute owner of this Warrant Certificate (notwithstanding any notation of ownership or other writing hereon made by anyone), for the purpose of any exercise hereof, of any distribution to the registered holder, and for
all other purposes, and neither the Company nor the Warrant Agent shall be affected by any notice to the contrary. 
 This Warrant does not
entitle the registered holder to any of the rights of a stockholder of the Company. 
 The Company reserves the right to redeem all (but not
part) of the then outstanding Warrants, with a notice of redemption in writing to the holders of record of the Warrants then outstanding, giving 30 days’ notice of such redemption at any time after such Warrants become exercisable if the
last sale price of the Shares has been at least $14.25 per share on each of 20 trading days within a 30 trading day period ending on the third business day prior to the date on which notice of such redemption is given. The Company may not redeem the
Warrants unless the Warrants comprising the units sold in this offering and the shares of common stock underlying those Warrants are covered by an effective registration statement from the beginning of the measurement period through the date fixed
for the redemption. The redemption price of the Warrants is to be $.01 per Warrant. Any Warrant either not exercised or tendered back to the Company by the end of the date specified in the notice of redemption shall be cancelled on the books of the
Company and have no further value except for the $.01 redemption price. 

					
	By:	  	 Sports Properties Acquisition
 Corp.
 CORPORATE
 THE STATE OF DELAWARE
 SEAL
 2007
	  	
			
	  
	  		  	  

	Chief Executive Officer	  		  	Secretary
			
	COUNTERSIGNED:	  		  	
			
	 Continental Stock Transfer & Trust Company,
 as
Warrant Agent
	  		  	
			
	  
	  		  	
	Authorized Officer	  		  	

 SUBSCRIPTION FORM 
 To Be Executed by the Registered Holder in Order to Exercise Warrants 
 The undersigned Registered Holder irrevocably elects
to exercise                      Warrants represented by this Warrant Certificate, and to purchase the shares of Common Stock issuable upon the
exercise of such Warrants, and requests that Certificates for such shares shall be issued in the name of 
 (PLEASE TYPE OR PRINT NAME AND
ADDRESS) 
 (SOCIAL SECURITY OR TAX IDENTIFICATION NUMBER) 
 and be delivered to 
 (PLEASE PRINT OR TYPE NAME AND ADDRESS) 
 and, if such number of Warrants shall not be all the Warrants evidenced by this Warrant Certificate, that a new Warrant Certificate for the balance of such Warrants be
registered in the name of, and delivered to, the Registered Holder at the address stated below: 
  

							
	Dated:	 	  
	  	  
	 	
		 		  	(SIGNATURE)	 	
				
		 		  	  
	 	
		 		  	(ADDRESS)	 	
				
		 		  	  
	 	
		 		  	(TAX IDENTIFICATION NUMBER)	 	

  

 ASSIGNMENT 
 To Be Executed by the Registered Holder in Order to Assign Warrants 
 For Value Received,
                     hereby sells, assigns, and transfers unto 
 (PLEASE TYPE OR PRINT NAME AND ADDRESS) 
 (SOCIAL SECURITY OR TAX IDENTIFICATION NUMBER) 
                      of the Warrants represented by this Warrant
Certificate, and hereby irrevocably constitutes and appoints Attorney to transfer this Warrant Certificate on the books of the Company, with full power of substitution in the premises. 
  

									
	Dated:	  	  
	 		  	  
	 	
		  		 		  	(SIGNATURE)	 	

 THE SIGNATURE TO THE ASSIGNMENT OF THE SUBSCRIPTION FORM MUST CORRESPOND TO THE NAME WRITTEN UPON THE FACE OF THIS
WARRANT CERTIFICATE IN EVERY PARTICULAR, WITHOUT ALTERATION OR ENLARGEMENT OR ANY CHANGE WHATSOEVER, AND MUST BE GUARANTEED BY A COMMERCIAL BANK OR TRUST COMPANY OR A MEMBER FIRM OF THE AMERICAN STOCK EXCHANGE OR THE NEW YORK STOCK EXCHANGE.

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