sale Page 2 - Sports News, Headlines & Highlights
Hoffmann family agrees to buy Penguins from Fenway Sports Group
The Chicago-based Hoffmann family has officially agreed to acquire a controlling stake in the Pittsburgh Penguins from Fenway Sports Group, the two companies announced Friday.,It was reported by multiple outlets Wednesday that a sale was agreed to in principle, valuing the club between $1.7 and $1.8...
Seidler family to explore 'strategic options,' including sale of Padres
The Seidler family announced Thursday that it is exploring "strategic options" that could result in the sale of a portion or all of the San Diego Padres.,The announcement comes one day before the two-year anniversary of owner Peter Seidler's death on Nov. 14, 2023.,"The family has decided to begin a...
Braves exercise $18M option to retain LHP Chris Sale for 2026
The Atlanta Braves are exercising the $18 million team option in Chris Sale's contract to keep the left-hander in the fold for 2026. ,Sale was 7-5 with a 2.58 ERA in 2025 but spent 10 weeks on the injured list with a fractured ribcage. He had 165 strikeouts, including four nine-K games in five start...
NBA approves sale of Lakers to Mark Walter
The NBA Board of Governors unanimously approved the sale of the majority interest in the Los Angeles Lakers to Mark Walter on Thursday.,The league said the transaction is expected to close shortly. The $10 billion valuation makes it the largest sale in history for a professional sports franchise.,"M...
Report: Patriots selling minority stakes at $9B valuation
Owner Robert Kraft has agreed to sell 8 percent of the New England Patriots to two investors in a deal that values the franchise at $9 billion, multiple outlets reported Thursday.,Kraft paid $172 million for the team in 1994 and celebrated three Super Bowl championships in the 2000s and three more i...
Report: MLB approves Rays’ sale to group led by Patrick Zalupski
Major League Baseball owners unanimously approved the sale of the Tampa Bay Rays to Jacksonville residential developer Patrick Zalupski, the Tampa Bay Times reported Monday.,"It's good to go," MLB commissioner Rob Manfred told the Tampa Bay Times. "It's official in terms of our internal processes su...
Blazers' sale deal signed, governors' approval next
A group led by Carolina Hurricanes owner Tom Dundon has reached a formal agreement to purchase the Portland Trail Blazers from the estate of Paul Allen, a deal that will require approval from the NBA board of governors to become official.,The Trail Blazers announced the agreement on Friday. The Oreg...
Connecticut makes proposal to keep Sun in state
The state of Connecticut isn't giving up its WNBA franchise that easily.,About a month after reports emerged that said the Mohegan Tribe reached a deal to sell the Connecticut Sun to an investment group that wanted to move the team to Boston, Connecticut has proposed its own plan that would keep the...
Reports: Billionaire Koch family to buy 10 percent of Giants
The Koch family, New York billionaires, plan to buy a 10 percent stake in the Giants at a reported valuation of $10 billion for the NFL franchise, multiple media outlets reported.,The deal, first reported by Bloomberg on Wednesday night, requires approval from league owners. They could vote on the i...
Report: McLaren Racing F1 stake sold at $5B valuation
McLaren Racing, the reigning Formula One world champions, are reportedly valued at $5 billion after a deal that gives Bahrain's Mumtalakat and Abu Dhabi's CYVN Holdings full ownership of the professional racing team, according to multiple reports.,The landmark deal, announced by the McLaren Group on...
Reports: FSG evaluating Penguins' suitor options as ‘serious contender’ emerges
The Hoffmann family, owners of the minor league Florida Everblades, have "emerged as a serious contender" to buy the Pittsburgh Penguins, Sportsnet reported Tuesday.,The Penguins are currently owned by Fenway Sports Group, which had been angling to sell a minority stake of the NHL club to "a small, ...
Report: Marc Lasry considering bid for Connecticut Sun
Billionaire Marc Lasry is looking into making a bid to buy the Connecticut Sun of the WNBA, Sportico reported Tuesday, citing anonymous sources.,The owners of the Sun have been exploring the possibility of selling the franchise. In May, owner Mohegan Tribe hired Allen & Company, an investment bank, ...
Sun to remain in Connecticut at least through 2026
The Connecticut Sun will continue to call the Mohegan Sun Arena in Uncasville, Conn., home for at least another season.,The team notified season ticket holders of that decision via email on Wednesday, likely spurred by persistent chatter that has the team either being sold or moved.,"We know there h...
MLB commish on Twins sale: Confident 'there will be a transaction'
With the imminent sale of the Tampa Bay Rays in baseball's rearview mirror, another franchise transaction of the Minnesota Twins now assumes the spotlight.,In October 2024, the three Pohlad brothers announced they would pursue a sale of the team, which their father Carl bought in 1984. They had expe...
Report: Stu Sternberg agrees to sell Tampa Bay Rays for $1.7 billion
Tampa 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...
Crew owner sells stake in club at $900M valuation
Haslam Sports Group has sold a 10 percent stake in the Columbus Crew to the Edwards family at a franchise valuation of $900 million, Sportico reported Tuesday.,The Edwards family was already a partner in the MLS club and now owns 30 percent of the team, with Haslam Sports Group -- the parent company...
Jeanie Buss to stay, Lakers to finalize $10B sale later in 2025
Jeanie Buss remains in charge of the Lakers and anticipates finalizing a $10 billion sale of the franchise to minority stakeholder Mark Walter later this year.,Buss said Wednesday her role is unchanged until Walter completes the purchase of the franchise her father, Jerry Buss, bought in 1979 from J...
Rays' owner discussing sale of team to Florida developer
Tampa Bay Rays principal owner Stu Sternberg is in talks to sell the franchise to a group led by a Florida-based residential developer.,Patrick Zalupski, a home builder in Jacksonville, was identified as the potential lead buyer in a deal that values the team at about $1.7 billion, according to a re...
Report: Rays' owner in 'advanced talks' to sell team to Florida developer
Tampa Bay Rays principal owner Stu Sternberg is in "advanced talks" to sell the franchise to a group led by a Florida-based residential developer, Sportico reported Wednesday.,Patrick Zalupski, a home builder in Jacksonville, has been identified as the potential lead buyer in a deal that values the ...
Controlling share in San Jose Earthquakes up for sale
The San Jose Earthquakes are for sale.,The MLS club announced Wednesday that the ownership group has put controlling interest in the franchise on the market, with investment bank Moelis & Co. hired to guide any potential sale.,The Earthquakes have been owned by John Fisher since 2008. In that time, ...