Tag

Minority Ownership

All articles tagged with #minority ownership

Emanuel and Shapiro Take Minority Stakes in Raiders, Marking NFL Ownership Debut
business9 days ago

Emanuel and Shapiro Take Minority Stakes in Raiders, Marking NFL Ownership Debut

Entertainment executives Ari Emanuel and Mark Shapiro are buying small personal stakes in the Las Vegas Raiders to become minority owners as part of a multi-investor deal valuing the franchise at about $9.9 billion; Emanuel will own 1.4% and Shapiro 0.6% after closing later this month, with other investors like Michael Dell, Egon Durban, and Michael Meldman increasing stakes while Mark Davis remains the controlling owner. This marks Emanuel and Shapiro’s first NFL ownership venture.

Myles Garrett Becomes Minority Owner of Cleveland Cavaliers
sports2 years ago

Myles Garrett Becomes Minority Owner of Cleveland Cavaliers

Cleveland Browns defensive end Myles Garrett has purchased a minority stake in the NBA's Cleveland Cavaliers and will also serve as a brand ambassador for the team. The specific percentage purchased was not disclosed. Garrett's investment deepens his connection to Cleveland and aligns with the Cavaliers' commitment to being a transformative force for good in the region.