Sports as a Service: How Ted Leonsis Built a Monumental Empire in D.C.
When Ted Leonsis bought the Washington Capitals, along with a minority stake in the Wizards, in 1999, reporter after reporter marveled at the same trait: his…
ownership
Atlanta Dream’s Loeffler Out After Sale to Real Estate Exec, Former WNBA Star
Larry Gottesdiener, chairman of real estate private equity firm Northland; former Dream star Renee Montgomery; and Northland president and COO Suzanne Abair have…
Atlanta Dream Co-Owner Loeffler Loses Senate Seat in Georgia Runoffs
Georgia Republican incumbent Sen. Kelly Loeffler, co-owner of the WNBA’s Atlanta Dream, lost her Senate seat in the state’s runoff special election on Tuesday to her…
NWSL’s Utah Royals Relocate to Kansas City After Sale to Woman-Led Ownership Group
The National Women’s Soccer League’s Utah Royals are relocating to Kansas City ahead of the 2021 season. The league’s board of governors approved the Missouri-based club…
Oladipo Buys Stake in Breakers as N.Z. Hoops Team Seeks NBA-Style Portfolio
As the Indiana Pacers mull what to do with All-Star shooting guard Victor Oladipo, the Maryland native has taken his business ventures to Middle-earth. Oladipo and his…
Prolonged Period of Low Interest Rates to Impact Pro Sports Business
Last week, in the Federal Reserve’s final policy-setting meeting before the 2020 election, the U.S. central bank announced the benchmark federal funds rate would remain…
Three Ways a Biden Presidency, Proposed Tax Plan Could Affect Sports Ownership
Earlier this week, Sportico‘s editor-in-chief Scott Soshnick reported that hedge fund titan Steve Cohen reached a deal to purchase the New York Mets at a $2.42 billion…
COVID-19 Could Be the Catalyst for Pro Leagues to Open Up Team Ownership to the Public Markets
When Coronavirus first shut down the U.S. economy in March, some speculated that team owners with primary businesses negatively impacted by the outbreak would be forced…
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