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Ownership Transfer

All articles tagged with #ownership transfer

Padres to cede control to Jones-Feliciano ownership group
business24 days ago

Padres to cede control to Jones-Feliciano ownership group

The San Diego Padres announced a definitive agreement for the Seidler family to transfer control to a Jones–Feliciano group, which is expected to own about 60% of the franchise in a $3.9 billion deal; MLB approval (75% of owners) is required at upcoming meetings. Minority investors may include the Jacobs family and the Sycuan Band, with other potential partners discussed. The transition will be managed by current leaders while Feliciano and Jones pledge to lead San Diego toward a World Series title and to maintain daily operations during the approval process.

via The New York Times|
#business#jones-feliciano#mlb-approval
Padres poised for new era under Feliciano and Jones ownership
sports24 days ago

Padres poised for new era under Feliciano and Jones ownership

The Seidler family announced a definitive agreement to transfer control of the San Diego Padres to a group led by José E. Feliciano and Kwanza Jones, who will run the club as equal partners. Feliciano will serve as control person once the sale is finalized, with about 40% of the team owned by the new group; several existing investors, including Alfredo Harp Helú, retain stakes. The sale still requires MLB owner approval (a three-quarters vote) and is expected to be finalized around the next MLB owners meeting in June. The new ownership group has pledged community engagement and a World Series pursuit for San Diego.

via San Diego Union-Tribune|
#feliciano#kwanza-jones#ownership-transfer
Tisch Family Moves Giants Stakes to Heirs Amid Epstein-Era Scrutiny
sports-business2 months ago

Tisch Family Moves Giants Stakes to Heirs Amid Epstein-Era Scrutiny

Steve Tisch and his siblings plan to transfer their remaining 23.1% stake in the New York Giants into trusts for their children, a move that would keep ownership within the Tisch family while leaving day-to-day operations unchanged; the Giants' other major owners, including the Mara and Koch families, are unaffected, and the Epstein emails that sparked scrutiny continue to draw attention from lawmakers and NFL officials.

via The New York Times|
#epstein-emails#new-york-giants#nfl
US and China Reach Framework for TikTok Ownership Transfer
world8 months ago

US and China Reach Framework for TikTok Ownership Transfer

The US and China have reached a framework agreement to transfer TikTok's ownership to US-controlled entities, marking a significant breakthrough in resolving security concerns and the ongoing ownership dispute that began in 2020. Final details are pending approval from both leaders, with the deal potentially ending the threat of a US ban on the app.

via The Guardian|
#bytedance#national-security#ownership-transfer
Steward Health Care Secures Funding to Prevent Hospital Closures
healthcare2 years ago

Steward Health Care Secures Funding to Prevent Hospital Closures

Steward Health Care has secured financing to keep its Massachusetts hospitals open while working on potentially transferring ownership of some medical centers to other companies. The company reassured its 16,000 employees that it does not plan to close any hospitals in Massachusetts but is considering transferring one or more to other operators. Steward is also in advanced stages of a mergers and acquisitions process to bring in a significant equity partner for its physician organization. The for-profit system has been facing economic issues, including struggles with low rates for treating government-insured patients, and has been in talks with state officials about its challenges.

via The Boston Globe|
#economic-struggles#financing#healthcare
"Former Shaker Heights Officer Reunited with K-9 Igor After City Council Approves Ownership"
law-and-crime2 years ago

"Former Shaker Heights Officer Reunited with K-9 Igor After City Council Approves Ownership"

Shaker Heights City Council has voted to allow former police officer Chad Hagan to purchase K-9 Igor, who had been caught in a legal dispute between Hagan and the city. The ownership of the police dog will be transferred to Hagan in exchange for funding a replacement dog and training for another officer. Hagan had offered $10,000 of his own money to buy Igor, and community members have raised nearly $13,000 to support the purchase.

via Cleveland 19 News|
#city-council#k-9-igor#law-and-crime