Local Family to Take Helm of Stagecoach Inn in Landmark Sale
The Stagecoach Inn is expected to be sold to a prominent local family, signaling a change in ownership for a longtime community landmark.
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Ownership Transition
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Jeanie Buss's Future as Lakers Governor and Team Sale Highlights
Mark Walter, who recently acquired majority control of the Los Angeles Lakers, plans to have Jeanie Buss remain as team governor for up to five years, after which a full transition of control is expected. The move marks a significant change in the franchise's leadership, with Walter aiming to influence team operations within that timeframe.
Jim Irsay's daughters to assume ownership of the Colts
Jim Irsay's three daughters will take over ownership of the Indianapolis Colts, with Carlie Irsay-Gordon becoming the principal owner and CEO, sharing leadership duties among the sisters as part of a longstanding plan, effective immediately.
Colts Transition Ownership to Jim Irsay's Daughters
The Indianapolis Colts announced that ownership has officially transitioned to Jim Irsay's three daughters—Carlie Irsay-Gordon, Casey Foyt, and Kalen Jackson—who will assume leadership roles, ensuring the team remains family-owned after Jim Irsay's death in May 2023.
Indianapolis Colts transition to Irsay family ownership
The Indianapolis Colts announced a transition of ownership from late owner Jim Irsay to his daughters Carlie Irsay-Gordon, Casey Foyt, and Kalen Jackson, who will assume new leadership roles, continuing the team's family legacy.
Michael Bloomberg Joins A-Rod and Lore in Timberwolves Ownership Bid
Alex Rodriguez and Marc Lore have added Michael Bloomberg to their group to help finalize the purchase of the Minnesota Timberwolves from Glen Taylor. Despite a missed payment deadline and ongoing arbitration, Rodriguez and Lore assert they will become the team's owners. Bloomberg's involvement could resolve financial issues, while fans await the outcome and potential new stadium plans.
National Nonprofit Acquires Maine Newspaper Empire in Landmark Deal
A national nonprofit, the National Trust for Local News, is set to acquire most of Maine's newspapers, including the Portland Press Herald, the Lewiston Sun Journal, the Kennebec Journal, the Morning Sentinel, and the Times Record. The terms of the deal were not disclosed, but the acquisition is seen as a positive outcome for the future of local news in Maine, as concerns about the publications falling into the hands of venture capital groups or hedge funds were alleviated. The nonprofit model is expected to bring sustainability and philanthropic backing to the newspapers, while the current management and employee benefits will remain intact. The sale marks the second major acquisition for the National Trust, which aims to enhance the quality of local news and address the challenges faced by the media industry.