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Ownership Bid

All articles tagged with #ownership bid

sports1 year ago

"A-Rod's Bid for Timberwolves Ownership Falls Through"

Marc Lore and Alex Rodriguez's bid to buy the Minnesota Timberwolves fell apart as Lore walked away from investing the needed $520 million, leaving A-Rod to raise the funds largely on his own. The NBA rejected private equity firm Carlyle Group as a potential investor, causing further delays. Despite Lore and A-Rod claiming they met the deadline, Timberwolves owner Glen Taylor terminated the sale, citing missed financial deadlines. The pair accused Taylor of "seller's remorse," but it now appears a mediator will decide the next steps.

via New York Post |
#a-rod#marc-lore#minnesota-timberwolves
sports1 year ago

"NFL Owners Decline Vote on Tom Brady's Bid for Raiders Minority Share"

NFL owners did not vote on Tom Brady's bid to purchase a minority share of the Las Vegas Raiders, raising questions about the timeline and likelihood of the transaction. Concerns revolve around the potential impact on the franchise's value and Brady's concurrent deal to become Fox's leading game-day analyst. In contrast, Brady's bid to buy a minority share of the WNBA's Las Vegas Aces was approved in a more streamlined process.

via The Associated Press|
#las-vegas-raiders#nfl#ownership-bid
sports2 years ago

NFL finance committee raises concerns over Josh Harris' bid for Commanders sale.

The NFL's finance committee has found some problems regarding Josh Harris' $6.05 billion bid to buy the Washington Commanders from Dan Snyder, including the number of partners and whether Harris has the equity to be a majority owner. The sale is now in a "we'll see" stage rather than something concrete becoming official in the not-too-distant future. This is demoralizing news for Commanders fans, who just want a fresh start without Snyder.

via Riggo's Rag|
#dan-snyder#josh-harris#nfl
sports2 years ago

NFL finance committee raises concerns over Josh Harris' Commanders bid.

The NFL's finance committee has expressed concerns about Josh Harris' bid to buy the Washington Commanders from Dan Snyder due to the unusually large number of limited partners involved in the tentative bid. While the deal is not expected to be rejected, it is increasingly unlikely that franchise owners will approve the deal at their May meeting. The finance committee will continue to vet the deal's financial aspects, and the sale remains open to other bidders.

via Yahoo Sports|
#dan-snyder#josh-harris#nfl
sports2 years ago

Snoop Dogg Joins Ownership Group for Ottawa Senators

Hip-hop artist and entrepreneur Snoop Dogg has joined businessman Neko Sparks' consortium bid to buy the Ottawa Senators, which could make Sparks the first Black owner in NHL history. The final price for the franchise could reach north of $1 billion, making it the richest sale in NHL history. Snoop's involvement could draw more fans and media attention to the Senators and help to monetize a potential new arena.

via ESPN|
#neko-sparks#nhl#ottawa-senators
sports2 years ago

Snoop Dogg Joins Bid for Ottawa Senators Ownership

Rapper and entrepreneur Snoop Dogg has joined the ownership bid for the Ottawa Senators, led by entrepreneur Neko Sparks. The consortium includes more than a dozen investors, with the majority of the ownership group comprised of people of colour. Snoop is expected to use his celebrity power and status to amplify and grow the Ottawa Senators brand, and is particularly interested in growing and marketing hockey to families from diverse backgrounds. The next round of bids for the hockey team are due in two weeks.

via The Athletic|
#neko-sparks#nhl#ottawa-senators
sports2 years ago

Brian Davis' Interview Fails to Boost Bid for Commanders.

Brian Davis, who claims to have a $7 billion bid for the Washington Commanders, gave an interview on 106.7 The Fan in D.C. where he failed to clarify whether he personally has the $2.1 billion required to fund the 30% of the team he would need to acquire to become the controlling owner. Davis claims to have $10.5 billion in an account, but it is unclear how much of that is his own money. The vetting process will determine the truth of his claims.

via NBC Sports|
#brian-davis#daniel-snyder#nfl
sports2 years ago

Unpacking Brian Davis' Controversial Bid for the Commanders

Brian Davis, who is trying to buy the Washington Commanders from Daniel Snyder, denied that the $7 billion package he is offering is backed by money from Saudi Arabia. Davis needs to buy 30% of the team on his own, which amounts to $2.1 billion in liquid cash, without loans or investments. Davis has faced multiple civil lawsuits in the past, and it is unclear if he has the resources to comply with league rules regarding ownership.

via NBC Sports|
#brian-davis#commanders#daniel-snyder
sports2 years ago

Magic Johnson Joins Ownership Bid for Washington Commanders

Basketball Hall of Famer, Magic Johnson, has joined a group led by Josh Harris bidding to own the Washington Commanders. Harris' group is one of four who toured Washington's facilities in advance of the sale. The sale would likely not be approved until late May when the owners meet again. Washington owners Dan and Tanya Snyder announced their intention to sell the team in November.

via ESPN|
#josh-harris#magic-johnson#nfl