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...Bit Brother undertook a 1,000-for-1 split in January, removing it from the penny stock club. Since then its shares have more than halved to just under $3....
...The deal reflects how private equity has sought to gain broad exposure to the sports world, taking ownership stakes in clubs and leagues and financing media platforms, new stadium projects and broad ecommerce...
...The judge, Sam Glasscock of the Delaware Court of Chancery, said the evidence presented by Handler showed some indications that the banker’s arrangement at Centerview had changed after the University Club...
...Google DeepMind has developed a prototype artificial intelligence football tactician in collaboration with Premier League club Liverpool, in the latest push to use the technology to master the ebb and flow...
...It said it was confident about its expansion plans, with more than 20 new clubs in locations such as São Paulo expected to open this year. It has recently opened clubs in Mexico City and Portland....
...And it can add another big European club to its trophy cabinet....
...IMI, which is controlled by Sheikh Mansour bin Zayed Al Nahyan, a vice-president of the United Arab Emirates and owner of Manchester City football club, provided about three-quarters of the funding to RedBird...
...The US is hungrier for football than when Pelé played for the New York Cosmos in the 1970s....
...One scoop to start: AC Milan’s owner Gerry Cardinale has pledged to build a 70,000-seater “American-like” stadium for the Italian football club, pouring cold water over efforts by the city’s mayor to salvage...
...Sheikh Mansour owns Premier League football club Manchester City, while RedBird IMI last month agreed to buy a British television production company, All3Media, for more than £1.1bn....
...Such sums are the extension of a modern sports industry where club valuations have skyrocketed, powered by exponential growth in broadcast rights contracts and the addition of lucrative new revenue streams...
...However, the company’s growth has raised expectations and scrutiny, including criticism that the kits it provided to Aston Villa football club retained sweat and water, inconveniencing the players....
...over unpaid wages (FT) Manchester City: club’s finances look better in black than red (Lex) *Corrects an earlier version which misstated the number of new partners named....
...In the 12 years since Cheng’s father, Cheng Kar-Shun (known as Henry), the billionaire chairman of Hong Kong-based New World Development (which includes New World Hotels, an Asia-based collection), acquired...
...Yuga Labs’ Bored Ape Yacht Club is one of the best-known markets in this space, famed for its collection of thousands of very similar cartoon images of apes, which were snapped up by enthusiasts sometimes...
...It has caused many investors to commit less to new funds....
...They also have a club near Farringdon, and further afield in Edinburgh and Glasgow, that you can visit as a member. Such a nice gift....
...Alongside Arm, they’re handling the potential sale of the English football club Manchester United....
...News round-up NFL star Tom Brady takes stake in Birmingham City football club (FT) Gautam Adani’s Ambuja Cements buys Sanghi Industries in $600mn deal (FT) Crédit Agricole nears deal for Degroof Petercam...
...Messi, 35, has played his entire club career in Europe, with nearly 20 years at FC Barcelona and his most recent stint at Paris Saint-Germain....
...Handler testified that after the University Club meeting “there were no open terms” on the deal....
...Sixth Street Partners will be the first institutional investor to become the majority owner of a professional US sports franchise after it committed $125mn to buy a new National Women’s Soccer League club...
...Behind the bank merger Who would be behind another bank rescue but JPMorgan Chase boss Jamie Dimon, who helped orchestrate the deal between Banc of California and PacWest at his private beach club, Bloomberg...
...bank (FT) Saudi football club approaches PSG with record €300mn bid for Mbappé (FT) Mediobanca makes bet on London with start-up venture (FT) Billionaire donors cool on Ron DeSantis over rightwing policies...
...Raine Group, the US merchant bank leading a sale of Manchester United football club, will rake in one of its biggest paydays if World Wrestling Entertainment’s merger with Ultimate Fighting Championship...
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