Tag

Ownership Stake

All articles tagged with #ownership stake

sports-business17 days ago•5 min saved

Buss Siblings push Lakers sale amid Jeanie’s clash over control

The Buss siblings (Jim, Johnny, Janie, Joey and Jesse) announced they intend to sell the family’s remaining Lakers stake to Bob Iger and Josh Kushner, part of a deal that would leave the buyers with a controlling majority of the franchise. Jeanie Buss, the Lakers’ controlling owner, disputed the sale in a lawyer’s letter, arguing the co-trustees must maintain her 15% ownership and that any vote to sell would be void. The situation sets up a legal and governance clash that still requires NBA Board of Governors approval and hinges on the ongoing deal with Iger and Kushner.

via New York Post|

#buss-family #jeanie-buss #lakers

sports-business3 months ago•5 min saved

Travis Kelce buys into Guardians ownership, cementing Cleveland roots

Travis Kelce, the Kansas City Chiefs tight end and Cleveland Heights native, has joined the Cleveland Guardians as a minority investor, tying his future to his hometown. Kelce says the move lets him plant roots in Cleveland’s east side and view it as a dream come true, with memories of Progressive Field fueling his excitement. He plans to attend games and highlighted his Cleveland loyalty on his New Heights podcast, while Mahomes publicly congratulated him. The Guardians’ ownership remains with the Dolan family and David Blitzer, who has a path to majority control after 2027, a dynamic that could influence the franchise’s future.

via The New York Times|

#cleveland #cleveland-guardians #minority-owner

business4 months ago•3 min saved

Giants Add Thrive Eternal to Ownership Group in Second Investment

San Francisco Giants have agreed to bring Thrive Eternal into their ownership group, pending MLB approval, marking the firm’s first permanent-capital investment and the second recent ownership infusion after Sixth Street; the deal comes as the franchise, valued at about $4.05 billion, expands long-term investors and funds upgrades and real estate initiatives around the team.

via New York Post|

#business #josh-kushner #mlb

politics4 months ago•4 min saved

Trump Admin Weighs Rescue for Spirit Airlines With $500M Loan and Possible Equity

The Trump administration is in advanced discussions to bailout Spirit Airlines, potentially providing up to a $500 million loan in exchange for warrants that could grant the federal government a substantial ownership stake; the deal isn’t final and is under active consideration as officials weigh whether a rescue would save Spirit or simply subsidize ailing operations.

via CBS News|

#bailout #loan #ownership-stake

sports4 months ago•13 min saved

Broncos owners lock in 40% Rockies stake, expanding Denver’s sports empire

Broncos owners Greg and Carrie Penner are buying a 40% stake in the Colorado Rockies, becoming the team’s largest minority partner; MLB has approved the deal, the Monforts will remain in leadership, and the investment values the Rockies at about $1.68 billion, broadening the Penners’ footprint in Colorado sports.

via The Denver Post|

#colorado-rockies #denver-broncos #mlb

sports1 year ago•2 min saved

Kawhi Leonard's Controversial Free Agency Demands and Clippers' Investigations

During his 2019 free agency negotiations with the Raptors, Kawhi Leonard's representatives reportedly demanded unusual terms, including an ownership stake in the Maple Leafs and other companies, as well as sponsorship income, which exceeded typical offers. The report also links Leonard to a controversial endorsement deal with Aspiration, a Clippers sponsor, raising questions about potential salary cap circumvention and misconduct in NBA negotiations. The NBA is currently investigating these allegations.

via New York Post|

#free-agency #kawhi-leonard #maple-leafs

business1 year ago•1 min saved

Koch Family to Acquire 10% Stake in New York Giants

The Koch family has agreed to buy a 10% stake in the New York Giants for over $1 billion, valuing the franchise at over $10 billion, the highest ever for a sports team, with approval needed from NFL owners.

via NBC Sports|

#business #giants #koch-family

business1 year ago•4 min saved

Trump Administration Mulls Investment in Intel, Boosting Shares

The Trump administration is considering taking an ownership stake in Intel to bolster its financial position and support domestic manufacturing, including reviving factory plans in Ohio, amid Intel's struggles with technological leadership and market share. This move would deepen government involvement in the private sector, similar to past bailouts and strategic investments, but details remain unclear.

via OregonLive.com|

#business #federal-government #intel

sports1 year ago•1 min saved

Eli Manning Withdraws from Giants Ownership Bid Over Cost

Eli Manning has decided not to buy a share of the New York Giants, citing the high cost and potential conflicts of interest with his media and other business roles. Despite interest from others like Michael Strahan and Julia Koch, Manning remains a minority owner in other sports ventures and has no plans to invest further in NFL teams.

via Big Blue View|

#eli-manning #investment #new-york-giants

sports1 year ago•2 min saved

Cristiano Ronaldo extends Al-Nassr contract until 2027 with ownership role

Cristiano Ronaldo has signed a two-year extension with Al-Nassr, earning around €185 million annually, and will also be offered a minority ownership stake in the club, signaling his future ambitions in football beyond playing.

via Transfermarkt|

#al-nassr #contract-extension #cristiano-ronaldo

sports2 years ago•2 min saved

"Pegula Family Considers Selling Minority Stake in Buffalo Bills"

The Pegula family, owners of the Buffalo Bills, has hired investment bankers to explore the potential sale of a non-controlling, minority interest in the team, with a working figure of 25 percent. While the exact amount is not confirmed, the family intends to maintain a controlling interest in the team. This move reflects the trend of NFL owners seeking limited partners due to increasing team valuations and estate taxes, with the Bills currently estimated to be worth $3.7 billion. The NFL is also considering allowing such investments, potentially adopting guidelines this year.

via The Athletic|

#allen-and-company #buffalo-bills #nfl

sports2 years ago•1 min saved

Koch Family in Talks to Acquire Stake in Brooklyn Nets

The billionaire Koch family, through their investment vehicle 1888 Management, is reportedly in talks to buy a stake in the Brooklyn Nets and BSE Global, the holding company that owns the team, the New York Liberty, and the Barclays Center. Nets owner Joe Tsai has been considering selling a minority share for the past year, and the potential deal could make the Koch family one of the richest and most influential ownership groups in the NBA, with an estimated net worth of $64 billion.

via New York Post |

#brooklyn-nets #joe-tsai #koch-family

business2 years ago•2 min saved

Elon Musk Faces Securities Fraud Lawsuit Over Twitter Activity

A federal judge has ruled that Elon Musk can be sued for securities fraud related to his alleged failure to disclose his ownership stake in Twitter before buying the company. The judge dismissed an insider trading claim against Musk but allowed the class-action lawsuit to proceed, stating that shareholders who sold Twitter securities while Musk concealed his ownership stake have a valid claim. The lawsuit alleges that Musk saved over $200 million by adding to his Twitter stake and secretly discussing his plans with executives before finally disclosing a 9.2% stake. Musk's attorneys argued that his failure to comply with SEC rules was inadvertent, but the judge found evidence that Musk understood the disclosure requirements.

via Fox Business|

#business #elon-musk #lawsuit

sports3 years ago•2 min saved

Inside Lionel Messi's Lucrative MLS Contract with Inter Miami

Lionel Messi's contract with MLS' Inter Miami is worth up to $150 million, including his salary, signing bonus, and equity in the team. Additional money from deals with Apple, Adidas, and Fanatics are still being worked out. Messi is expected to take his ownership stake once his playing days are over. He is set to make his Inter Miami debut on July 21 in the CONCACAF-sanctioned Leagues Cup Tournament. His arrival has already caused massive growth in social media footprint and ticket prices for Inter Miami games.

via New York Post |

#inter-miami #lionel-messi #mls

sports3 years ago•2 min saved

Messi's Miami deal worth $50-60M annually pre-sponsorship.

Lionel Messi's contract with MLS club Inter Miami is worth up to $150 million over two-and-a-half years, including his salary, signing bonus, and equity in the team. The deal does not include an option for Messi to buy an MLS club, but he is expected to exercise his ownership stake in the franchise after he is done playing with Inter Miami. Revenue-sharing agreements with league partners Apple, Adidas, and Fanatics are still being negotiated and would be in addition to this total. Messi is expected to make his debut with Inter Miami on July 21.

via Sportico|

#contract #inter-miami #lionel-messi