All articles tagged with #ownership
Chicago Sky missed the playoffs for the third straight year, with the piece blaming chronic mismanagement by GM Jeff Pagliocca: costly trades that traded away future assets for short-term gains, neglected development of young players, and ownership issues that left the franchise directionless—exacerbated by injuries. It argues Pagliocca should be fired and a leadership reset is needed to salvage any future in Chicago.
San Diego’s new principal owners, José E. Feliciano and Kwanza Jones, pledged a push for a World Series title, signaling optimism about the team’s direction even as Los Angeles faces questions about the Dodgers’ ownership and a federal probe into Mark Walter’s companies that could lead to a sale; the Padres sit in good form and are positioning themselves as a major disruptor in the L.A. rivalry.
Patrick Soon-Shiong, who holds 4% of the Lakers, says he will not sell his stake to Bob Iger and Joshua Kushner amid a ongoing Buss family dispute over a 17.8% stake. With Iger/Kushner purchasing the team at a $12.5 billion valuation, Soon-Shiong’s stake is worth roughly $500 million. The Buss siblings are divided on selling; Jeanie Buss would own about 3% if others sell, though NBA governance requires at least 15% to operate as a governor, a status the deal preserves for her through 2030. Soon-Shiong bought his share in 2010 from Magic Johnson.
Brentford’s owners built a ‘machine’—a data-driven, process-focused club culture with specialist coaches for set pieces, sleep, and psychology, plus targeted recruitment—to turn a small-budget team into a Premier League contender. Their method—values-driven leadership, rigorous analytics (xG, player profiling), and a culture of consistency—allowed Brentford to punch above their weight, achieve a ninth-place finish and a near-Europa finish, and become difficult to copy, though their model remains a reminder that organizational alignment can matter as much as talent.
The Lakers’ sale proceeds amid upheaval: a $12.5 billion deal shifts ownership from the Buss family to Mark Walter’s group and now to Bob Iger and Josh Kushner, prompting Jeanie Buss to challenge voting control while the franchise scrambles to finalize leadership, staffing, and basketball operations as NBA approval and ongoing investigations loom.
Jeanie Buss and her attorney pushed back on reports that the Buss siblings planned to sell the Lakers’ remaining 17.8% stake, arguing the sale cannot proceed without co-trustee approval and must preserve Jeanie’s controlling ownership amid family discord and ongoing sale chatter involving Kushner and Iger.
MLB owners unanimously approved the San Diego Padres’ sale to Jose E. Feliciano and Kwanza Jones in a $3.9 billion deal—the largest in sports—with a pledge to bring a World Series championship to San Diego. The Seidler family era ends as the new owners plan to invest in the club and build on its strong on-field performance, with the team contending for a wild-card spot as closing progresses in the coming weeks.
Jeanie Buss is seeking to halt the Buss family’s plan to sell the Lakers’ remaining stake to Bob Iger and Josh Kushner, arguing that a 2017 court order requires cotrustees to maintain at least 15% ownership so she can remain the controlling owner; the 17.8% sale announced by the family values the deal at $12.5 billion and would leave Iger and Kushner with about 83% of the team, but NBA approval is still pending for the sale.
Jeanie Buss opposes selling her family's 17.8% stake in the Los Angeles Lakers to Bob Iger and Joshua Kushner, stating she remains the controlling owner per a 2017 court order and any sale requires consent of the co-trustees. The letter argues that a sale would breach fiduciary duties if the co-trustees vote otherwise, and notes the deal would have given Iger and Kushner about 83% overall ownership after purchasing Mark Walter’s stake; Buss says she wants to hold the stake for value and to maintain her governor role as the matter unfolds.
MLB unanimously approved José E. Feliciano and Kwanza Jones as principal owners of the San Diego Padres in a record-setting $3.9 billion deal, with the closing expected soon and Feliciano designated as the control person. The Seidler era ends, the couple will co-run the club (with some Seidler family members remaining as part-owners), and they vow to invest for long-term success and a World Series bid, with an Aug. 24 introduction at Petco Park.
Chelsea’s co-owners Todd Boehly and Mark Walter are weighing selling their roughly 13% stakes to Clearlake Capital, which already holds a majority and would gain full control under the current agreement that blocks third‑party sales without partner consent. Fresh discussions have resurfaced amid a long-running strategic stalemate and plans for a new stadium, while Walter faces a US DOJ probe into undisclosed loans. If completed, Clearlake would hold around 86% of Chelsea; external sales are unlikely under the arrangement, freeing Clearlake to press ahead with ownership and stadium ambitions.
Major League Baseball owners unanimously approved the sale of the San Diego Padres to Jose E. Feliciano and Kwanza Jones, with Feliciano as the control person; closing remains contingent on finalizing the deal with the current Padres owners. Erik Greupner remains CEO and A.J. Preller stays as president of baseball operations.
TrueHoop argues the NBA missed warning signs about Mark Walter’s financing of major sports purchases, showing how Walter and Todd Boehly used insurance-policy funds and private credit to bid for teams like the Dodgers and the Lakers. The piece recalls a 2012 Dodgers deal and a 2014 lawsuit to illustrate long-standing concerns about asset valuation and leverage, notes ongoing probes into Mubadala Capital and related transactions, and warns that such financial structures could pose systemic risks. It also critiques league oversight and hints at possible consequences for ownership dynamics, including the Lakers' future amid broader sports-finance pressures.
The Lakers' Dodgers-inspired front-office integration continues while the sale to Bob Iger and Josh Kushner nears, but a hiring freeze and few crossovers are expected until new ownership takes over.
Nine PBS sued Iron Mountain Data Centers to recover more than 50 terabytes of archival material after its cloud provider OSS cut off access and later went defunct; a court ruled Nine PBS owns the data, and temporary relief prevents deletion while the dispute over OSS’s ownership and Iron Mountain’s custody unfolds. The 70-year archive includes coverage of East St. Louis, the COVID-19 era, and the 1993 Great Flood, underscoring risks of relying on a single cloud provider and third-party storage for irreplaceable media.