ownership - Sports News, Headlines & Highlights

Report: Stu Sternberg agrees to sell Tampa Bay Rays for $1.7 billionTampa Bay Rays owner Stu Sternberg has agreed in principle to a $1.7 billion deal to sell the franchise to a group led by a Florida-based developer Patrick Zalupski, The Athletic reported Monday.,The deal is reportedly expected to be closed as early as September and will keep the franchise in the ar...

Giants' ownership stake too rich for Eli Manning He may have a famous name and a built-in fan base, but two-time Super Bowl winner Eli Manning says an ownership stake in his former team, the New York Giants, is "too expensive for me.",The current owners, the Mara and Tisch families, hired a banker in February to reportedly explore finding two or t...

Colts transition ownership to Jim Irsay's three daughtersThe Indianapolis Colts announced details of the ownership transition Monday from the late Jim Irsay to his three daughters.,In addition to their new roles as co-owners, eldest daughter Carlie Irsay-Gordon is now the CEO, Casey Foyt the executive vice president, and Kalen Jackson the chief brand offi...

Mikaela Shiffrin joins NWSL Denver's ownership group

Skiing star and Colorado native Mikaela Shiffrin has joined the ownership group of Denver's expansion team in the National Women's Soccer League.,"I'm beyond thrilled to join the ownership group of Denver NWSL and support something so meaningful in the community I call home," Shiffrin, 30, said in a...

Report: Michael Strahan seeking Giants ownership stake

Former New York Giants star Michael Strahan is pursuing an opportunity for an ownership stake in the team, Sportico reported Monday.,Strahan has reportedly teamed up with billionaire Marc Lasry to potentially purchase a piece of the up to 10 percent of the Giants that is up for sale.,The current own...

Report: Billionaire Justin Ishbia seeking to increase share of White Sox

Billionaire Justin Ishbia no longer will pursue buying the Minnesota Twins, shifting his focus to increasing his minority share of the Chicago White Sox, The Athletic reported.,Ishbia, who founded a private equity firm in Chicago, has offered to buy shares from other limited partners with the intent...

NBA legend Magic Johnson joins Spirit ownership group

Hall of Famer Earvin "Magic" has joined the Washington Spirit's investor group, the NWSL team announced Thursday.,Johnson is no stranger to investing in professional sports teams.,The five-time NBA champion is a part owner of the NFL's Washington Commanders, WNBA's Los Angeles Sparks, MLS' Los Angel...

NFL owners vote to approve private equity investment

The NFL is opening its doors to private equity funds.,At a meeting in Eagan, Minn., on Tuesday, NFL owners voted in favor of a resolution that allows funds to purchase up to 10 percent of a franchise.,The league met with several firms earlier this month as it explored whether to change its rule disa...