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☆ The New York Mets are hiring for one of the most iconic mascot jobs in sports—here's how to apply
▼ + stars: | 2024-04-30 | by ( Nicolas Vega | ) www.cnbc.com time to read: +1 min

The New York Mets are looking for someone to pick up the mantle of one of the most iconic mascots in American sports. The Flushing, Queens-based ball club recently posted a job listing for a "high-energy, enthusiastic individual" to don Mr. Met's massive baseball-shaped head and serve as the team's most identifiable brand ambassador. The organization is looking for applicants with proven mascot experience and the ability "to perform physically demanding activities" while in the famous costume. But the role of manager of "Mascot Operations" for Mr. Met — as well as his wife Mrs. Met — requires much more than putting on the uniform and mask and keeping fans entertained between innings. Job responsibilities include working with the Mets' marketing team, managing department budgets and coordinating mascot appearances at events around the city.

Organizations: New York Mets, Microsoft, Mets Locations: Flushing, Queens

☆ Why AI might make it harder to pull off a 4-day workweek
▼ + stars: | 2024-04-28 | by ( Tim Paradis | ) www.businessinsider.com time to read: +7 min

He also expects more go-getters will feel pressed to do the same as AI bores deeper into the workplace. Of course, if people need to oversee AI bots at all hours, workers could take on babysitting duty at different times of the day. But as he sees how AI will change how humans work, "people are going to get more and more tired — and busier," Gill said. Looking for a payoffNot everyone thinks AI will quash dreams of a four-day workweek. Whelehan said that, ultimately, management will decide whether AI will lead to job losses or enable a four-day workweek.

Persons: —, Binny Gill, Gill, Steve Cohen, Emily Rose McRae, McRae, Simon Johnson, Johnson, Alexey Korotich, Korotich, Dale Whelehan, Whelehan, Kognitos Organizations: Service, Business, New York Mets, Gartner, Massachusetts Institute of Technology, International Monetary Fund

Whispering in the ears of the billionaires and celebrities doing the buying, however, are investment bankers. Like other sports bankers BI interviewed for our list of top sports bankers, he exemplified a good-humored, approachable attitude, including joking about his many sports allegiances. Related stories"Earlier in my career, I made the mistake of telling Bob Kraft that I was a New York Jets fan," Carey told BI recently. They're obsessive Jets fans, and they're just fans because I'm a Jets fan," Neville told BI. So that's why we'll be Jets fans forever."

Persons: it's, Goldman Sachs, Greg Carey, everyone's, Carey, Colin Neville's, he's, David Beckham, Steve Ballmer, Joe Tsai, Ballmer, Tsai, Neville, Andrew Kline, Kline, Bob Kraft, I'm, Robert Tilliss, There's, Abramovich, Vladimir Putin, Todd Boehly, Joe Lenehan, Michael Arougheti, David Rubenstein's, doesn't, there's Organizations: NBA, JPMorgan, Business, The, PJT Partners, Chelsea FC, Baltimore Orioles, Sports, Goldman, Endeavor, WWE, Microsoft, Beckham's, Los Angeles Clippers, Brooklyn Nets, Barclays Center, St, Louis Rams, Los Angeles Rams, Golden State Warriors, Miami Heat, Harvard, US Rugby National, Cal, New York Jets, BI, Patriots, Giants, Rays, Chelsea, Circle, Atlanta Hawks NBA, New York Mets, NFL, soccer's Premier League, Russian, Chelsea football, LA Dodgers, Yankees, Manchester United Games, Jets, we'll Locations: European, Los Angeles, Berkeley, Barcelona, Ukraine, New York

☆ A four-day work week could be coming as AI proliferates — and these companies could capitalize
▼ + stars: | 2024-04-17 | by ( Hakyung Kim | ) www.cnbc.com time to read: +6 min

Hedge fund manager and New York Mets baseball team owner Steven Cohen has already begun to invest in a four-day work week. Cohen isn't alone in forecasting a four-day work week. Jefferies thinks artificial intelligence will make workers more efficient and eventually lead to a four-day work week becoming the norm, according to a note from June 2023. Bank of America also expects the changing post-pandemic work landscape may result in a shorter work week. Opposition to change Opponents to a shorter work week, however, argue that such a change is both politically and economically unfeasible.

Persons: Steven Cohen, " Cohen, Cohen isn't, Jefferies, Henry Ford, Ford, Christian Magoon, Cohen, Magoon, It's, David Bahnsen, Bahnsen, I'm Organizations: New York Mets, CNBC, Bank of America, Economic, COVID, Cloud Technology ETF, IVES, Ionos, Broadcom, Cisco Systems, General Dynamics Locations: France, U.S, Nice

☆ New York City Is Closer to Getting Its First Soccer Stadium
▼ + stars: | 2024-04-11 | by ( David Waldstein | ) www.nytimes.com time to read: +1 min

The New York City Council voted overwhelmingly on Thursday to approve construction of a 25,000-seat, privately financed soccer stadium at Willets Point in Queens, to house the New York City Football Club. The proposed stadium would be built across Seaver Way from Citi Field, where the New York Mets play. In the first phase of redevelopment, the site would include approximately 1,400 units of “permanently affordable housing,” a hotel and 80,000 square feet of retail space, according to the legislation approved Thursday. It would also include 2.8 acres of publicly accessible open space. Under the proposal, the city would retain the land, which has for decades been known as the “Iron Triangle” for its ramshackle collection of automobile repair facilities, and lease it to the club, similar to agreements with other stadiums in New York.

Organizations: New, New York City Football Club, Citi Field, New York Mets Locations: New York, Queens, Seaver

☆ One of Wall Street's most powerful people is predicting that a 4-day workweek is coming
▼ + stars: | 2024-04-04 | by ( Dan Defrancesco | ) www.businessinsider.com time to read: +7 min

In today's big story, we're looking at a Wall Street billionaire's prediction that the four-day workweek is coming . Billionaire hedge fund manager and New York Mets owner Steve Cohen said a four-day workweek is inevitable , Business Insider's Matthew Fox writes. Cohen put his money where his mouth is regarding the four-day workweek. As the newest four-day workweek fan club member, Cohen must be interested in implementing it at his hedge fund, Point72. Maybe the four-day workweek represents the olive branch companies can extend to get people back to their desks.

Persons: —, Jack, Dave Kotinsky, Rebecca Zisser, Steve Cohen, Matthew Fox, I'd, Cohen, Tech.co, Yuki Iwamura, Jerome Powell, Powell, Tesla, Brooks Kraft, OpenAI's, Logan Kilpatrick, Kilpatrick, Carl Godfrey, Bob Iger, Nelson Peltz, Iger, he's, he'll, Goldman Sachs, David Solomon, Joe Lewis, Dan DeFrancesco, Jordan Parker Erb, Hallam Bullock, George Glover Organizations: Service, United Airlines, Boeing, Business, Lincoln Center, Billionaire, New York Mets, CNBC, Mets, Technologies, Workers, Federal, JPMorgan, Brooks, Brooks Kraft LLC, Getty, Services, Google, Bloomberg, BI, Reuters Locations: York, New York, London

☆ Steve Cohen says it's early to judge Mets season, sees making team a winner as a 'civic responsibility'
▼ + stars: | 2024-04-03 | by ( Jeff Cox | ) www.cnbc.com time to read: +1 min

The New York Mets and their revamped roster are languishing in this young baseball season, but owner Steve Cohen isn't panicking, not by a longshot. "It's only four games into the season right?" Cohen told CNBC's Andrew Ross Sorkin during an interview Wednesday on "Squawk Box" that touched on his thus-far winless team that he purchased in 2020. "Nobody wants to start zero and four, but you know, it's early. During the season, you're going to have losing streaks.

Persons: Steve Cohen isn't panicking, Cohen, CNBC's Andrew Ross Sorkin Organizations: New York Mets, Mets, National League East

☆ Billionaire hedge-fund boss Steve Cohen says a 4-day workweek is coming — and it's part of why he made a big investment in golf
▼ + stars: | 2024-04-03 | by ( Matthew Fox | ) www.businessinsider.com time to read: +2 min

A four-day workweek is inevitable thanks to AI, the billionaire hedge-fund boss Steve Cohen says. AdvertisementA four-day week is coming to the workplace, the hedge-fund giant Steve Cohen said. "My belief is a four-day workweek is coming," Cohen said. While Cohen expects a four-day workweek to eventually become reality, it probably won't for his employees or anyone else employed by investment firms. That is, unless the stock market also decides to adopt a four-day workweek.

Persons: Steve Cohen, Cohen, " Cohen, workweek Organizations: Asset Management, CNBC, New York Mets, PGA

☆ Steve Cohen: The Fed may have a hard time getting inflation down to its 2% goal
▼ + stars: | 2024-04-03 | by ( ) www.cnbc.com time to read: 1 min

Share Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailSteve Cohen: The Fed may have a hard time getting inflation down to its 2% goalSteve Cohen, Point72 chairman, CEO and president, and New York Mets owner, chairman and CEO, joins 'Squawk Box' to discuss his ownership of the Mets, the economics of baseball, the state of sports media, the rise of sports gambling, latest market trends, the AI boom, the Fed's interest rate outlook, the use case of bitcoin and crypto at large, 2024 election, and more.

Persons: Steve Cohen Organizations: New York Mets, Mets

☆ Steve Cohen on New York Mets ownership: I view it as a civic responsibility
▼ + stars: | 2024-04-03 | by ( ) www.cnbc.com time to read: 1 min

Share Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailSteve Cohen on New York Mets ownership: I view it as a civic responsibilitySteve Cohen, Point72 chairman, CEO and president, and New York Mets owner, chairman and CEO, joins 'Squawk Box' to discuss his ownership of the Mets, the economics of baseball, the state of sports media, the rise of sports gambling, latest market trends, the AI boom, the Fed's interest rate outlook, the use case of bitcoin and crypto at large, 2024 election, and more.

Persons: Steve Cohen Organizations: New York Mets, Mets

☆ Steve Cohen: My belief is a four-day workweek is coming
▼ + stars: | 2024-04-03 | by ( ) www.cnbc.com time to read: 1 min

Share Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailSteve Cohen: My belief is a four-day workweek is comingSteve Cohen, Point72 chairman, CEO and president, and New York Mets owner, chairman and CEO, joins 'Squawk Box' to discuss his ownership of the Mets, the economics of baseball, the state of sports media, the rise of sports gambling, latest market trends, the AI boom, the Fed's interest rate outlook, the use case of bitcoin and crypto at large, 2024 election, and more.

Persons: Steve Cohen Organizations: New York Mets, Mets

☆ Steve Cohen says he owns a 'little bit' of bitcoin because of his son
▼ + stars: | 2024-04-03 | by ( Tanaya Macheel | ) www.cnbc.com time to read: +2 min

Hedge fund billionaire and New York Mets owner Steve Cohen said he owns "very little" bitcoin, though he didn't specify its value. "My son is really into it, and he had me play around and try to figure out how to transact on Coinbase," Cohen told CNBC's "Squawk Box" on Wednesday. Still, he appears to be following along with investors across the world who have been trying to understand how to value bitcoin and whether it belongs in a portfolio. BTC.CM= 1Y mountain Bitcoin (BTC) over the past year Cohen also made the point that bitcoin represents just a slice of the broader market of cryptocurrencies and the opportunities for their underlying blockchain technology. "Bitcoin is separate from crypto ... ultimately, it's about use case – will crypto develop use cases?"

Persons: Steve Cohen, Cohen, CNBC's, it's, There's Organizations: New York Mets, Point72 Asset Management, Point72 Ventures, SEC Locations: cryptocurrencies

☆ MLB Opening Day: 2024 regular season kicks off in full with Shohei Ohtani cloud looming
▼ + stars: | 2024-03-28 | by ( Ben Morse | ) edition.cnn.com time to read: +6 min

CNN —Although fans have been treated to a glimpse of MLB action, the 2024 season kicks off in full on Thursday with Opening Day. How to watchThe Opening Day slate of games takes place on Thursday, March 28, with 26 teams taking to the field. The Baltimore Orioles and the Los Angeles Angels kick off the day’s action at 3:05 PM ET at Camden Yards in Maryland. Ohtani cloud overshadows Dodgers startThe majority of the Los Angeles Dodgers offseason was dominated with optimism and talk of a World Series challenge after the acquisition of two-time MVP Shohei Ohtani and pitching phenom Yoshinobu Yamamoto. Ohtani prepares for a pitch during the Dodgers' preseason game against the Los Angeles Angels.

Persons: Tuesday’s Francis Scott Key, Shohei Ohtani, phenom Yoshinobu Yamamoto, Ohtani, Ippei, Mizuhara, Yamamoto, Mookie Betts, Freddie Freeman, Will Smith, Tyler Glasnow, Walker Buehler, Harry, Juan Soto, Soto, Aaron Judge, Giancarlo Stanton, Gerrit Cole, Stanton, Nathan Ray Seebeck, Ronald Acuña Jr, Acuña, Tim Nwachukwu, Wyatt Longford Organizations: CNN, Seoul, Los Angeles Dodgers, San Deigo Padres, MLB, Baltimore Orioles, Los Angeles Angels, Camden, Orioles, Dodgers, ESPN, Los Angeles Times, baseball’s, League, St, Louis Cardinals, Bronx Bombers, New York Yankees, Yankees, San Diego Padres, San, American League, Houston Astros, Judge, Atlanta Braves, Philadelphia Phillies, National League, Braves, NL, Phillies, National, Texas Rangers, Chicago Cubs, Washington Nationals, Cincinnati Reds, San Francisco Giants, Toronto Blue Jays, Tampa Bay Rays, Minnesota Twins, Kansas City Royals, Detroit Tigers, Chicago White Sox, Pittsburgh Pirates, Miami Marlins –, Cleveland Guardians, Oakland Athletics –, Colorado Rockies, Arizona Diamondbacks, Boston Red Sox, Seattle Mariners, Milwaukee Brewers, New York Mets, @ @ @ @ @ @ @ @ @ Locations: South Korea, Camden Yards, Maryland, Seoul, Ohtani, San Diego, Atlanta, Texas

☆ In Search of Spring
▼ + stars: | 2024-03-16 | by ( Melissa Kirsch | ) www.nytimes.com time to read: +2 min

When does spring begin? For some, it’s the second Sunday in March, when we turn our clocks forward by an hour in the United States. It’s only a three-hour flight from La Guardia (rainy, cold) to West Palm Beach (sunny, 81 degrees, slight breeze), and from there an hour’s drive to Clover Park in Port St. Lucie, the spring training home of the New York Mets. Here in Port St. Lucie on a Tuesday afternoon, weeks before the season’s official start, cheery fans were decked out in team merch, drinking Modelo Especial tallboys and snacking on peanuts, reeling off stats, heckling the players. Here, spring was already happening.

Persons: they’ve, Lucie Organizations: Hemisphere, La Guardia, Palm, Clover, New York Mets, Yankees, Yorker, Modelo Especial Locations: United States, La, Port St, New York

What players are wearing has garnered as much attention as what they’re doing at spring training. “First and most important, these are Nike jerseys. “So I think after people wear them a little bit, they’re going to be really popular,” Manfred said. And the players who would prefer the previous uniform designs realize they don’t have much choice in the matter. He has played 13 seasons and has a career .253 batting average with a .305 on-base percentage, .430 slugging percentage, 164 homers and 636 RBIs.

Persons: “, Trea Turner, Rob Manfred, ” Manfred, They’re, Nike didn’t, Manfred, Louis, Nolan Arenado, Adley Rutschman, Ronald Acuña Jr, ” Arenado, Matt Strahm, Dave Meluni, Meluni, they’re, ” Meluni, Mike Trout, Jason Heyward, ” Strahm, we’ve, ESCOBAR, Eduardo Escobar, CASTILLO, utilityman Diego Castillo, Liván Soto, Castillo, Soto, ___ Organizations: Major League Baseball, Nike, ” Philadelphia Phillies, MLB, Atlanta, NL, ” Phillies, Chicago Cubs, Seattle Mariners, Los Angeles Angels, Los Angeles Dodgers, Toronto Blue Jays, New York Mets, Baltimore Orioles, Phillies, Arizona Diamondbacks, Pittsburgh Pirates Locations: Baltimore, America

On the day they held their first official workout, the Baltimore Orioles announced pitcher Kyle Bradish will open the season on the injured list with a sprained ulnar collateral ligament. Orioles general manager Mike Elias said Bradish received a platelet-rich plasma injection to treat the injury. “He’s going to start his throwing progression tomorrow, but that progression is going to be something that takes some time. Bradish’s injury is particularly notable because the Orioles already are unsure about left-hander John Means’ status for the start of the season. MANUEL RETURNSFormer Philadelphia Phillies manager Charlie Manuel made his first visit to the ballpark since he suffered a stroke in September.

Persons: Kyle Bradish, Mike Elias, Bradish, “, ” Elias, “ He’s, I’m, ” Bradish, Justin Verlander, Cy Young, ’ ’ Verlander, John Means, Corbin Burnes, Gunnar Henderson, Elias, MANUEL, Charlie Manuel, Manuel, Francisco Lindor, Buck Showalter, Billy Eppler, Nobody, ”, Dan Gelston, Marc Berman, Chris Nelsen, ___ Organizations: Baltimore Orioles, Orioles, AL East, Houston Astros, Cy, Milwaukee Brewers, “, Former Philadelphia Phillies, Phillies, NL East, Tampa Bay Rays, Philadelphia, New York Yankees, Fame, Minnesota Twins, Los Angeles Dodgers, New York Mets, Mets, Diamondbacks, Rangers Locations: Cleveland, Clearwater , Florida

“World Series Champions. Bochy noted the challenges in winning one World Series, but also made reference to what the Chiefs accomplished last Sunday. Of the 169 players who became free agents after the World Series, more than half were still without a team when the week began. Molina managed Criollos de Caguas in winter ball and Puerto Rico in the recently completed Caribbean World Series. The Yankees and Brewers swapped relievers with left-hander Clayton Andrews going to New York and right-hander Johan Quezada going to Milwaukee.

Persons: ”, I’ve, Bruce Bochy, Bochy, Chris Young, ” Young, Shohei, Seattle’s Julio Rodríguez, Elly De La Cruz, Ian Happ, ” Happ, “, NL Cy Young, Blake Snell, Cody Bellinger, Matt Chapman, Yasmani Grandal, Shintaro Fujinami, Phil Maton, Scott Alexander, Spencer Turnbull, Tommy John, Craig Counsell, Bob Melvin, Pat Murphy, Mike Shildt, Melvin, Carlos Mendoza, That’s, Stephen Vogt, Terry Francona, Ron Washington, Phil Nevin, Joe Espada, Dusty, ” Espada, I’m, ” MOLINA, Yadier, Molina, Criollos, John Mozeliak, Louis, Peyton Burdick, Burdick, Clayton Andrews, Johan Quezada, Jay Cohen, Stephen Hawkins, Marc Berman, Chuck King, ___ Organizations: Texas Rangers, ”, Rangers, Kansas City Chiefs, Chiefs, Los Angeles Dodgers, San Diego Padres, Dodger, Mariners, Super Bowl . Young Cincinnati, Cubs, NL, New York Mets, Philadelphia, NL Central, Chicago, Brewers, Padres, National League, American, Houston, Louis Cardinals, Puerto, ” Cardinals, Baseball, Cardinals, Marlins, Triple, The Yankees, AP Baseball Locations: Surprise , Arizona, ” Texas, Texas, Seoul, South Korea, Peoria , Arizona, Las Vegas, Goodyear , Arizona, Florida, Arizona, Pittsburgh, Tampa, Oakland, Milwaukee, San Francisco, San Diego, Cleveland, Caguas, Puerto Rico, Miami, Jacksonville, New York

☆ Anthony Vaccarino, once subpoenaed during the Department of Justice's investigation into billionaire Steve Cohen, has rejoined his old boss
▼ + stars: | 2024-02-13 | by ( Bradley Saacks | ) www.businessinsider.com time to read: +1 min

Anthony Vaccarino, once a portfolio manager at SAC, is working for Steve Cohen again. NEW LOOK Sign up to get the inside scoop on today’s biggest stories in markets, tech, and business — delivered daily. download the app Email address Sign up By clicking “Sign Up”, you accept our Terms of Service and Privacy Policy . AdvertisementAnthony Vaccarino is back for his second stint under billionaire Steve Cohen. He is reporting to the head of that unit, Andrew McEntire, and working with teams across Point72’s long-short equity strategies.

Persons: Anthony Vaccarino, Steve Cohen, Vaccarino, —, AJ, Point72, Andrew McEntire, Cohen, Sol Kumin, Tom Conheeney, Steve Kessler, Phil Villhauer Organizations: SAC, Fourth Asset Management, Service, New York Mets, SAC Capital Advisors, Department of, Business Locations: Point72

NEW YORK (AP) — Former New York Mets general manager Billy Eppler was suspended through the 2024 World Series on Friday by baseball Commissioner Rob Manfred, who concluded he directed team staff to fabricate injuries to create open roster spots. “I cooperated fully and transparently with MLB’s investigation, and I accept their decision,” Eppler said in a statement. No other Mets personnel were disciplined by the commissioner's office, a second person familiar with the investigation said, also on condition of anonymity. Eppler, 48, was the Mets general manager from November 2021 until he quit last Oct. 5, three days after owner Steven Cohen hired David Stearns as president of baseball operations. Hinch and general manager Jeff Luhnow were suspended in January 2020 through that year’s World Series for their roles in the team using a video camera to steal signs.

Persons: Billy Eppler, Rob Manfred, Manfred, Eppler, “, ” Eppler, Eppler’s, Jay Reisinger, Steven Cohen, David Stearns, A.J, Hinch, Jeff Luhnow, Alex Cora Organizations: Former New York Mets, Mets, Associated Press, Major League Baseball, MLB, IL, New York Yankees, Los Angeles Angels, WME Sports, Astros, Red Sox Locations: Houston

☆ Your next landlord may be a pro sports team
▼ + stars: | 2024-02-08 | by ( Nathaniel Meyersohn | ) edition.cnn.com time to read: +8 min

But team owners in recent years have turned to real estate development to bring in extra cash and drive up the asset values of their franchises. “It makes perfect sense for a team owner to play real estate,” said Propheter. “That means that team owners do have a lot of leverage,” he said. “Stadium subsidies transfer wealth from the general tax base to billionaire team owners, millionaire players, and the wealthy cohort of fans” who regularly attend games. “Generally speaking, the people who come off well are the team owners and the developers,” Zimbalist said.

Persons: ”, Geoffrey Propheter, Daniel Slim, “, Andrew Zimbalist, Louis, Harry Cabluck, Bruce Ratner, Stan Kroenke, Matthew Grimes Jr, Steve Cohen, Mark Cuban’s, Adelson, “ I’m, ” Zimbalist Organizations: New, New York CNN, Professional, Billionaire, University of Colorado Denver, Sofi, Getty, Washington Wizards, Capitals, Sweet, Smith College, Riverfront, Busch, Baltimore Orioles, Camden, Barclays Center, Nets, Los Angeles Rams, “ Battery, Atlanta Braves, Golden State Warriors ’ Chase Center, Texas Rangers, Globe, Arlington, New York Mets, Hard, Citi Field . Dallas Mavericks, Vegas Sands Corp, Management Locations: New York, North America, Inglewood , California, AFP, Washington, Alexandria , Virginia, Cincinnati, St, Pittsburgh, Brooklyn, New Jersey, ”, “ Battery Atlanta ”, Truist, Atlanta, San Francisco, “, City, Arlington , Texas, ” Cuban

☆ Patrick Mahomes Sr. talks to CNN about Chiefs star’s ‘natural dad bod’ and his generational talent
▼ + stars: | 2024-02-01 | by ( Ben Morse | ) edition.cnn.com time to read: +4 min

Now, Mahomes’ dad, Pat Mahomes, admits he has to take some credit for it, while also backing up his son’s work ethic. “Patrick works really hard, he’s at the gym all the time, he works out three times a week,” said on “CNN This Morning” on Thursday. Mahomes Sr. pitches for the New York Mets in a spring training game against the St. Louis Cardinals in 2000. Mahomes walks out for warmups prior to the AFC championship game against the Baltimore Ravens at M&T Bank Stadium on January 28. For him to have the amount of success that he’s had this early on in his career is just surreal,” he told CNN.

Persons: Patrick Mahomes, hasn’t, –, Mahomes, ”, Pat Mahomes, “ Patrick, “, that’s, DK Metcalf, We’ve, Keith Torrie, ” Mahomes, I’ve, ‘, Michael Jordan, Tom Brady’s, It’s, Andy Reid, Travis Kelce, Perry Knotts, he’s, Alex Rodriguez, Rickey Henderson Organizations: CNN, Super Bowl, NFL, Kansas City Chiefs, Baltimore Ravens, AFC, Twitter, Major League Baseball, New York Mets, St, Louis Cardinals, New York Daily, Chiefs, San Francisco 49ers, Mahomes, Kansas City, T, – Locations: Japan, New, Las Vegas , Nevada, Las Vegas

PEBBLE BEACH, Calif. (AP) — The PGA Tour is getting a $3 billion investment from Strategic Sports Group in a deal that would give players access to more than $1.5 billion as equity owners in the new PGA Tour Enterprises. PGA Tour Commissioner Jay Monahan was holding a conference call with players about the deal that was finalized Tuesday night. Political Cartoons View All 253 Images“By making PGA Tour members owners of their league, we strengthen the collective investment of our players in the success of the PGA Tour,” Monahan, who will be CEO of PGA Tour Enterprises, said in the formal announcement. While specific details of the equity ownership program were not announced, the initial grants would be based on career accomplishments, recent achievements and PGA Tour status. The European tour was part of the framework agreement on June 6, and it has a strategic alliance with the PGA Tour.

Persons: LIV Golf, Jay Monahan, ” Monahan, Marc Attanasio, Arthur Blank, Steven Cohen, Wyc Grousbeck, Tom Werner, John Henry, Marc Lasry, Alec Scheiner, ”, Henry, Woods, Patrick Cantlay, Adam Scott, Jordan Spieth, Webb Simpson, Peter Malnati, Yasir Al, Sen, Richard Blumenthal, Conn, LIV, Dustin Johnson, Brooks Koepka, Phil Mickelson, Bryson DeChambeau, PIF, Jon Rahm, Tyrrell Hatton, ___ Organizations: Strategic Sports Group, Tour Enterprises, PGA Tour, SSG, Associated Press, Washington Post, Public Investment Fund, PGA, SSG —, Tour, Fenway Sports Group, Milwaukee Brewers, Atlanta Falcons, New York Mets, Boston Celtics, Boston Red Sox, Milwaukee Bucks, Cleveland Browns, RedBird, Fenway Sports, PGA Tour Enterprises, Saudi, Monday, PIF Locations: Calif, Saudi, Saudi Arabia, PIF, Mexico

☆ PGA Tour secures up to $3 billion from U.S. investors as LIV Golf merger hangs in the balance
▼ + stars: | 2024-01-31 | by ( Jessica Golden | ) www.cnbc.com time to read: +3 min

The PGA Tour logo is seen during the third round of the Travelers Championship at TPC River Highlands in Cromwell, Connecticut, on June 24, 2017. A U.S. consortium has agreed to invest up to $3 billion into the PGA Tour, the professional golf organization announced on Wednesday. Under the terms of the deal, the investor, Strategic Sports Group, will become a minority owner in PGA Tour enterprises, the for-profit entity of the PGA Tour. "Today marks an important moment for the PGA Tour and fans of golf across the world," PGA Tour Commissioner Jay Monahan said. "By making PGA Tour members owners of their league, we strengthen the collectives investment of our players in the success of the PGA Tour," Monahan said.

Persons: LIV, PIF, Jay Monahan, " Monahan, Fenway Sports Group's John Henry, Arthur Blank, Steve Cohen, Tom Ricketts, Wyc Grousbeck, John Henry, Monahan, Henry, Yasir Al, Rumayyan, Critics, Prince Muhammad bin Salman, LIV Golf, Phil Mickelson, Dustin Johnson, Brook Koepka, John Rahm Organizations: PGA Tour, Strategic Sports Group, Saudi, PGA, Fenway Sports, Atlanta Falcons, Arthur Blank , New York Mets, Chicago Cubs, Boston Celtics, Fenway Sports Group, Saudi Public Investment Fund, Saudi Public Investment, CNBC, Justice Department Locations: Cromwell , Connecticut, U.S, Arthur Blank ,, Saudi Arabia, Saudi

☆ Sports investing has taken off, but the biggest prize in the industry remains almost untouchable
▼ + stars: | 2024-01-30 | by ( Dan Defrancesco | ) www.businessinsider.com time to read: +8 min

NEW LOOK Sign up to get the inside scoop on today’s biggest stories in markets, tech, and business — delivered daily. 3 things in marketsJim Esposito, Goldman Sachs' head of global markets and banking, is set to retire from the bank, the firm said Monday. Jim Esposito is leaving Goldman Sachs after nearly 30 years. While he didn't share his next move, he told peers he'd "bleed Goldman Sachs forever." Goldman Sachs says rate cuts need to be on the menu in March.

Persons: —, Brooks Koepka, Rory McIlroy, Keyur Khamar, Marc Lasry, Steve Cohen, Aaron Mok, LeBron James, — Arthur Blank, Gerry Cardinale, Goldman Sachs, who's, Lasry, Cohen, Point72, it's, Patrick Smith, Peacock, David Tepper, Jim Esposito, We've, he'd, Jean Boivin, David Mericle, NurPhoto, Getty, Javier Zayas, Kevin Winter, Tyler Le, Critics, Dan DeFrancesco, Hallam Bullock, Jordan Parker Erb Organizations: Service, Costco, Getty, PGA Tour, Fenway Sports Group, NFL's Atlanta Falcons, Capital Group, Milwaukee Bucks, New York Mets, NFL, Denver Broncos, Washington, Washington Post, Kansas City Chiefs, San Francisco 49ers, Carolina Panthers, BlackRock, Spotify, Apple, Google, Entertainment, Netflix, Studios, HBO, Disney, Walmart, Microsoft, Business Locations: Vegas, BlackRock, New York, London

☆ Steve Cohen and other sports investors set to pump billions into the PGA Tour
▼ + stars: | 2024-01-29 | by ( Aaron Mok | ) www.businessinsider.com time to read: +2 min

A US sports consortium is set to pump billions into the PGA Tour, according to a new report. The PGA Tour didn't immediately respond to a request for comment from Business Insider before publication. The major investment comes amid an ongoing rivalry between the PGA Tour and LIV Golf. Families of the 9/11 terrorist attacks criticized the PGA Tour for the merger, classifying the decision as a demonstration of "hypocrisy and greed." "We cannot compete with a foreign government with unlimited money," Jay Monahan, the commissioner of PGA Tour, told The Wall Street Journal regarding the merger.

Persons: Steve Cohen, Cohen, Marc Lasry, LIV Golf, LIV, Phil Mickelson, Jay Monahan Organizations: PGA, Strategic Sports Group, Saudi Public Investment Fund, Bloomberg, Business, New York Mets, Cohen Private Ventures, Milwaukee Bucks, Fenway Sports, PGA Tour Enterprises, LIV Golf, Saudi Arabia's Public Investment Fund, PGA Tour, Wall

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