Billionaire hedge fund manager Ken Griffin says sports team owners should band together to appeal to President Donald Trump to change the new blanket tariff…
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…
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…
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…
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…
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…
Billionaire fund manager Bill Ackman reported Thursday that his company, Pershing Square Capital Management, has a 38% equity stake in Seaport Entertainment, owner of…
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…
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…
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…
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…
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…
