Tag Archives: owner

(Bloomberg) — Milwaukee Bucks superstar Giannis Antetokounmpo had more banks than letters in his name before Avenue Capital Group founder Marc Lasry stepped in. Most Read from Bloomberg The National Basketball Association’s two-time most-valuable player had accounts open at 50 different banks, with each of them holding up to the Federal Deposit Insurance Corp. coverage limit. That shocked Lasry, who co-owns the Milwaukee team. “I spend a lot of time with them explaining where they should… Source link

(Bloomberg) — Meta Platforms Inc.’s one-day crash may rank as the worst in stock-market history. Most Read from Bloomberg The Facebook parent plunged 24% in U.S. trading Thursday on the back of poor earnings results, putting it on track to erase more than $200 billion. At current levels, that’s the biggest collapse in market value for any U.S. company. But there’s no certainty the losses will hold, especially given the recent volatility that’s whipped across technology shares. Markets… Source link

New York Giants co-owner John Mara knew firing Joe Judge was the right decision. Mara spoke about that choice Wednesday, explaining he felt the team hit “rock bottom” toward the end of the season. Mara’s full quote is actually much worse. He thought the team hit rock bottom weeks ago, only for the team to one-up its own failure every single week. That’s an honest — and scathing — assessment of Judge’s final weeks with the team. Judge drew headlines after a blowout loss against the Chicago… Source link

The 2021 Carolina Panthers got off to a promising 3-0 start, but after winning just two of their next 12 games, reports of discord and even “embarrassment” are starting to emerge. According to The Athletic’s Joseph Person, Panthers owner David Tepper feels a lot of regret about giving head coach Matt Rhule a massive contract when he was hired in 2020.  Rhule was hired in Carolina in 2020 after overseeing quick turnarounds at Temple and Baylor, but sources say owner David Tepper is unhappy and… Source link

SpaceX CEO Elon Musk.Patrick Pleul/picture alliance via Getty Images SpaceX offered $150,000 for a home next to its launch facilities in Boca Chica, Texas, per NBC News. The offer was one-third of the price of similar waterfront houses in the village, the owner said. She told NBC that an agent representing SpaceX said her property could be seized by the state. A resident of a South Texas village told NBC News that SpaceX wanted to buy her house for $150,000 but that the company’s offer was… Source link

Dallas Mavericks owner Mark Cuban, in a plot that feels way too similar to the hit show “Schitt’s Creek,” is now the owner of a small town in Texas. Cuban purchased the town of Mustang, Texas, this week, according to The Dallas Morning News, and now controls all 77 acres of the Navarro County, Texas, community. The longtime “Shark Tank” investor said a good friend needed to sell it, which is why he went through with the deal in the first place. “I don’t know what, if anything, I… Source link

Angela Lang/CNET Apollo Global Management on Wednesday said it had completed… Source link

More than a quarter of the Los Angeles Lakers is about to have a new owner. Billionaire Philip Anschutz has reached an agreement to sell his 27 percent minority stake in the Lakers to an unknown buyer, according to Sportico’s Scott Soshnick and Eben Novy-Williams. The sale has reportedly not been approved by the NBA Board of Governors. The exact price tag of the deal is also unknown, but it is definitely going to be significant. The Lakers were estimated to be worth $4.6 billion by Forbes this… Source link

(Bloomberg) — Washington Prime Group Inc., a real estate investment trust that operates enclosed malls and strip centers across the U.S., filed for bankruptcy after the Covid-19 pandemic curtailed in-person shopping. The Chapter 11 filing in Houston will allow Washington Prime to continue operating while it seeks to implement a restructuring agreement that it reached with certain creditors, according to a board resolution filed with the bankruptcy petition. The company, which estimated its… Source link

Jeff and Lauren Sanchez (inset) and the Black Pearl (AFP via Getty Images and OceanCo) Jeff Bezos, the billionaire founder of Amazon, is finally set to join the gilded ranks of the haves and have-yachts. The world’s richest man has been named as the soon-to-be proud owner of one of the most expensive and extravagant superyachts ever built. At 127metres (420ft) the craft – known only by its project name Y721 – will be as long as the Great Pyramid at Giza is tall, and loaded with… Source link