All articles tagged with #koch family
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.
Julia Koch and her family are set to buy a minority stake in the New York Giants at a record valuation of around $10 billion, potentially the highest ever for an NFL team and possibly for any pro sports team, while the Giants remain majority owned by the Mara and Tisch families.
The New York Giants are selling a 10% stake to the Koch family at a record valuation of over $10 billion, making it one of the highest valuations for a sports team investment, with the deal still awaiting NFL approval.
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.
Members of the Koch family, including Julia Koch and her son David Jr., are reportedly in talks to acquire a 10% stake in the Brooklyn Nets, with an estimated team value of $3.98 billion. The negotiations involve the Tsai family, who currently control the team, and could potentially involve the Koch family investment vehicle, 1888 Management, and Blue Pool Capital. Julia Koch, the widow of David Koch, is the second richest woman in the world with an estimated net worth of $69 billion. The Koch family fortune is derived from Koch Industries, and they have been the single largest contributors to conservative causes since 1980.
The Koch family, known for their conservative donations, is reportedly working to prevent Donald Trump from winning the 2024 Republican primary. Americans for Prosperity Action, a network of political organizations created by the Kochs, has raised over $70 million to fund races that aim to move the Republican party away from Trump. The group's goal is to have a new president in 2025 who represents a new chapter. Despite recent Supreme Court rulings against affirmative action and LGBT+ rights, President Biden believes expanding the Supreme Court would be a mistake. The court also ruled in favor of a wedding website designer who can refuse service to LGBT+ customers based on religious beliefs. Trump allegedly wanted his lawyers to retrieve classified documents and boxes seized from Mar-a-Lago, even as his lawyers prepared for a federal indictment. President Biden expressed reluctance to think about whether Trump would have tipped off Putin about a coup attempt. Florida Governor Ron DeSantis, a potential Republican presidential candidate, is accused of breaking the law by using a helicopter owned by the Texas Department of Public Safety during a border trip. Former Vice President Mike Pence visited Ukrainian President Zelensky in a show of support, despite waning Republican support for Ukraine. Trump celebrated the Supreme Court's rejection of affirmative action programs, calling it a great day for America. DeSantis saw a significant boost in earnings from a book advance, increasing his net worth.