All articles tagged with #ron burkle
A group of investors, including billionaire Ron Burkle, is close to acquiring Soho House & Co. and taking it private, with Apollo Global Management providing over $700 million in financing, valuing the company at around $1.8 billion, and investors paying about $9 per share, up from $7.64.
The San Diego Wave FC is set to be sold for a record-breaking $113 million, with a potential total transaction value of $120 million, making it the richest deal in NWSL history. Billionaire Ron Burkle is selling the club to the Levine Leichtman family, who are expected to contribute to the team's growth and the San Diego community. The Wave's success as an expansion team and their ownership transition come ahead of their upcoming match against Gotham FC in the Challenge Cup, as the NWSL regular season kicks off this weekend.
Billionaire Ron Burkle is selling NWSL's San Diego Wave to the Levine Leichtman family in a two-part deal valued at $113 million, with the family paying $35 million for 35% of the team now and agreeing to buy the remaining 65% for $78 million after the 2024 season. Burkle, former owner of the NHL's Pittsburgh Penguins, will maintain control until the second transaction. The sale, approved by league owners, marks the highest ever paid for a control stake in an NWSL team. The deal continues a trend of significant changes in NWSL ownership and reflects the league's growing commercial success.