Drake vs. DeRozan: Kings Owner Dons ‘Not Like Us’ Shirt
Sacramento Kings owner Vivek Ranadivé made it clear where he stands on the ongoing hip-hop feud between Drake and Kendrick Lamar. The 67-year-old billionaire donned…
Owners
Pickleball Team Owner Flips Medical Device Fortune to Sports Investing
Ron Saslow wasn’t necessarily looking to change careers. But when he finally listened to one of the many unbidden offers for his medical device business five years ago…
Forest Road, Ares Billionaire Co-Founders Buy Formula E Team
Two billionaire co-founders of Ares Management and asset manager Forest Road have purchased the ERT Formula E team, which has been rechristened Kiro Race Co. ahead of…
Paris FC Sale Brings Billionaire Backing as Fubo CEO Profits
The sale of Paris FC to French billionaire Bernard Arnault will bring billionaire backing to a historically second division soccer club with hopes of one day challenging…
Exclusive
Michael Andretti to Exit Ownership of Andretti Global
Michael Andretti is relinquishing his ownership stake in Andretti Global, the motorsports company he has helmed since 2002, according to three people with knowledge of…
Ackman’s Pershing Reports 38% Stake in Oakland A’s Las Vegas Team
Billionaire fund manager Bill Ackman reported Thursday that his company, Pershing Square Capital Management, has a 38% equity stake in Seaport Entertainment, owner of…
Bright Path Sports PE Backed by Native American, Billionaire Funds
That an American private equity firm bought a large stake in an English soccer club isn’t unique—nearly half of the clubs in the top two tiers of competition have…
Junior Bridgeman Buying 10% Milwaukee Bucks Stake
Basketball veteran and entrepreneur Junior Bridgeman is buying part of the team he played for, reaching an agreement to acquire a 10% ownership stake of the Milwaukee…
Five Questions (and Answers) About the NFL and Private Equity
NFL owners are scheduled to vote later Tuesday on whether or not to allow private equity firms to buy into teams. The possible entry of PE firms into the world’s most…
Who Are the Dallas Mavs’ Owners, the Adelsons and Dumonts?
While Mark Cuban still owns 27% of the NBA’s Dallas Mavericks and manages basketball operations, the families in charge of the Las Vegas Sands casino company have been…
Ehrenberg Seeks Reward Going Big in Early-Stage Sports VC
This story appears in Sportico’s Morning Lead newsletter. Click here to sign up and get it delivered straight to your inbox. Most people would consider Roger…
Super Bowl Champion Chiefs Get F for Ownership in NFLPA Grades
The NFL Players Association (NFLPA) has released its 2024 NFL Player Team Report Cards. Some notable teams finished with failing grades in several areas, but the most…
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