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Two names are likely to draw attention: LeBron James, the superstar basketball player, and Drake, the rapper. James and Drake are committing additional capital as “strategic investors,” and are expected to use their marketing power to help the tour broaden its audience. James and the PGA Tour commissioner, Jay Monahan, were at the home of Tom Werner, F.S.G.’s chairman, recently discussing just that, DealBook hears. Fans may see the stars around the greens, perhaps in the same way Drake is a frequent courtside presence at Toronto Raptors games. I remember some of my best childhood memories was being on the golf course with my uncle,” Drake said in a statement to DealBook.

Persons: LIV Golf, wasn’t, LeBron James, Drake, Steve Cohen, Arthur Blank, Marc Lasry, James, Jay Monahan, Tom Werner, F.S.G, ’, DealBook, ” Drake, “, ” Organizations: Fenway Sports Group, PGA, PGA Tour, Toronto Raptors Locations: Saudi

TAMPA, Fla. (AP) — Baseball Commissioner Rob Manfred said Thursday he will retire when his current term ends in January 2029. Speaking at a spring training news conference, Manfred noted he will be 70 years old and will have been commissioner for 14 years when his term ends on Jan. 25, 2029. Manfred, 65, succeeded Bud Selig in January 2015 and was given a five-year term as baseball's 10th commissioner. Tampa Bay hopes to construct a new ballpark adjacent to the current Tropicana Field. “I’m hope that I’m here to go to opening day as commissioner for both Tampa Bay and Las Vegas,” Manfred said.

Persons: Rob Manfred, Manfred, Jan, ” Manfred, Bud Selig, “, I’m, Tom Werner, Tim Brosnan, Dan Halem, “ I’m, that'll, ” Organizations: — Baseball, Boston Red Sox, MLB, Oakland Athletics, Tampa Bay Rays, Oakland, Tampa, Tropicana, Tampa Bay Locations: TAMPA, Fla, 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

☆ Here are some last-minute options to spend down your flexible savings account ‘use-it-or-lose-it’ funds
▼ + stars: | 2023-12-01 | by ( Ana Teresa Solá | ) www.cnbc.com time to read: +4 min

It's common for workers to not know what their employer's FSA rules are. Stock up on over-the-counter medications The CARES Act of March 2020 removed prescription requirements to use FSA funds for many over-the-counter medicines. Buy certain skin care products You can use your FSA savings for eczema-approved creams and lotions. Plan ahead for a new baby New and expectant parents can use their FSA funds for baby products such as diaper rash cream, baby breathing monitors and baby sunscreen. How to use FSA funds wisely

Persons: Tom Werner, Digitalvision, Carolyn McClanahan, Jake Spiegel, you've Organizations: Getty, Planning Partners, CNBC's, Research, CNBC, Invest, Garmin, IRS Locations: Jacksonville , Florida

Tom Werner | Digitalvision | Getty ImagesIf you elected not to participate in your company's 401(k) plan, your employer may have other ideas. The concept of 401(k) plan "reenrollment" has been gaining traction. Most companies, about 85%, direct workers' savings into target-date funds if they're automatically enrolled, according to PSCA data. Workers receive a notification from their employer ahead of reenrollments and have the chance to opt out or reduce their contribution. Employers' hope is that inertia will cause workers to stay in the plan rather than opt out.

Persons: Tom Werner, Digitalvision, reenrollments, Sean Deviney, they're Organizations: of America, Workers, Employers Locations: Fort Lauderdale , Florida, reenrollments

The PGA Tour said Tuesday it will begin to offer professional players direct equity ownership in the new company that will be formed after it reaches a deal with investors, according to an internal memo obtained by CNBC. The talks with PIF and the DP World Tour remain the tour's "top priority," PGA Tour Commissioner Jay Monahan said in Tuesday's memo. The new program outlined in Tuesday's memo is the latest move to align the interests of PGA Tour players with the business itself. Monahan also wrote that the Tour's agreement with PIF and DP World Tour has generated interest from other investors. Last week, Fenway Sports Group Chairman Tom Werner acknowledged that the company has held talks with the PGA Tour, but declined to comment with any further details.

Persons: Woods, Rory McIlroy, LIV, Jay Monahan, Monahan, Tom Werner, There's Organizations: Northern, Augusta National Golf Club, CNBC, Saudi Arabia's Public Investment Fund, PIF, PGA, Fenway Sports Locations: United States, Augusta , Georgia, Saudi, U.S

☆ Fenway chairman confirms talks with PGA Tour as doubts grow about LIV Golf deal
▼ + stars: | 2023-11-06 | by ( Drew Richardson | ) www.cnbc.com time to read: +2 min

Fenway Sports Group Chairman Tom Werner on Monday acknowledged that the company has held talks with the PGA Tour as the golf organization's framework agreement with Saudi-backed LIV Golf faces new doubts. Werner, who spoke alongside PGA Tour star Rory McIlroy, said that the players "will decide the direction the tour goes." McIlroy had been outspoken in his disdain for LIV Golf, saying in July that if LIV Golf was "the last place to play golf on earth, I would retire." LIV lured PGA Tour players, like Phil Mickelson, to with deals worth hundreds of millions of dollars. McIlroy sounded a friendlier note Monday, when asked about the potential for a renewed rivalry between the PGA Tour and LIV Golf.

Persons: Tom Werner, LIV Golf, we've, Werner, CNBC's Scott Wapner, Rory McIlroy, LIV, Alan Shipnuck, McIlroy, Critics, Prince Muhammad bin Salman, Tiger Woods, LIV Golf's, Phil Mickelson, McIlroy's Organizations: Fenway Sports, PGA Tour, PGA, Boston Red Sox, Liverpool FC, Veteran, Endeavour Group Holdings, WWE, UFC, Saudi Arabia's Public Investment Fund, Saudi, Tiger, Tour, ESPN, TGL, Fenway, Boston, CNBC Locations: Saudi, U.S

☆ PGA golfer Rory McIlroy and Red Sox chairman Tom Werner on the future of indoor golf league, TGL
▼ + stars: | 2023-11-06 | 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 EmailPGA golfer Rory McIlroy and Red Sox chairman Tom Werner on the future of indoor golf league, TGLPGA Tour golfer Rory McIlroy and Tom Werner, chairman of Fenway Sports Group, join 'Halftime Report' to discuss the new tech-based golf league TGL, what this means for the sport's future, and more.

Persons: Rory McIlroy, Tom Werner Organizations: Red Sox, Fenway Sports Group

☆ Stocks making the biggest moves midday: Rivian, Orchard Therapeutics, Lamb Weston and more
▼ + stars: | 2023-10-05 | by ( Lisa Kailai Han | ) www.cnbc.com time to read: +4 min

Rivian said it anticipates revenue to range between $1.29 billion and $1.33 billion, versus the $1.3 billion forecast by analysts polled by LSEG, formerly known as Refinitiv. Clorox — Shares dropped 7.7% on Thursday, one day after the product maker offered worse fiscal first-quarter guidance than analysts polled by FactSet expected. Oculis — Shares rose 3.4% after Stifel initiated coverage of the biopharma company with a buy rating and $35 target price. Johnson & Johnson — Shares of the health-care giant added 0.8% in midday trading after RBC initiated company coverage with an outperform rating. Instacart — Instacart fell 2.9% after Bernstein initiated coverage of the company at a market perform rating, noting that increased competition challenged the delivery company's strong digital advertising business.

Persons: Rivian, Clorox, FactSet, Kyowa Kirin, Vestis, Oculis, Wedbush, Shagun Singh, Lamb Weston — Lamb Weston, Tom Werner, Instacart — Instacart, Bernstein, — CNBC's Brian Evans, Alex Harring, Tanaya Macheel, Sarah Min, Jesse Pound, Pia Singh, Samantha Subin, Michelle Fox Theobald Organizations: Rivian, Rivian Automotive, LSEG, Exxon Mobil —, UWM Holdings, BTIG, Orchard Therapeutics, Kyowa, Redburn, JPMorgan, Carrier, Bank of America, Johnson, RBC, Constellation Locations: Aramark, Europe

☆ Happy meal? Steady demand for french fries is good news for U.S. economy
▼ + stars: | 2023-10-05 | by ( Alex Harring | ) www.cnbc.com time to read: +2 min

"The global frozen potato category continues to be solid with overall demand and supply balanced," Werner said. In the case of Lamb Weston and fast-food companies, that can manifest in the form of customers opting to skip fries or other side orders in a bid to keep spending restricted. Werner also said inflation can continue to drive up costs for the company, specifically related to potato contract prices. He pointed to June as a source of restaurant traffic weakness seen in the fiscal fourth quarter. Lamb Weston stock jumped more than 9% in Thursday's session.

Persons: Lamb, Tom Werner, Werner, Lamb Weston Organizations: Lamb Weston Holdings

BOSTON (AP) — The Boston Red Sox fired Chief Baseball Officer Chaim Bloom on Thursday as the team stumbled toward a third last-place finish in four seasons. “We’re aiming for World Series championships. We’re here to win World Series championships. That’s what the Boston Red Sox are all about." After going 86 years without a World Series championship, the Red Sox have won four since 2004, the most for anyone this century.

Persons: Chaim Bloom, “, Sam Kennedy, ” Bloom, Mookie Betts, Betts, Alex Verdugo, Bloom, Xander Bogaerts, Kennedy, ” Kennedy, “ We’re, we’re, John Henry, Tom Werner, Brian O’Halloran “, ”, Eddie Romero, Raquel Ferreira, Michael Groopman, — Theo Epstein, Ben Cherington, Dave Dombrowski, ” Epstein, ___ Organizations: BOSTON, Boston Red Sox, New York Yankees, Boston, Tampa Bay Rays, Red Sox, AL, AL East

☆ 8 easy — and cheap — ways to cut your carbon emissions
▼ + stars: | 2023-08-30 | by ( Greg Iacurci | ) www.cnbc.com time to read: +7 min

Here are some easy — and inexpensive or no-cost — ways to reduce your carbon footprint today, according to efficiency and environmental experts. As such, the average household saves about $225 in energy costs per year by switching to LED lighting, the Energy Department said. Cut food wasteErlon Silva - Tri Digital | Moment | Getty ImagesThe average American wastes more than 400 pounds of food a year. A washing machine spends 90% of its energy to heat water, for example, the Consumer Federation of America said. Even putting something like a brick in your toilet tank will displace — and therefore save — water.

Persons: Katharine Hayhoe, Keoleian, Jose Luis Pelaez, Hayhoe, Oscar Wong, Tom Werner, Digitalvision Organizations: Nature Conservancy, Texas Tech University, U.S . Department of Energy, Energy Department, Silva, Tri, Environmental, Agency, Consumer Federation of America, Public, Getty Locations: U.S

☆ Why declaring victory over inflation too soon may be a mistake for economy
▼ + stars: | 2023-07-16 | by ( Natalie Rose Goldberg | ) www.cnbc.com time to read: +9 min

The market is fully expecting another interest rate hike from the Fed in July, after it skipped a rate hike in June. For the Fed, ideal inflation is in the target range of 2%. But he is more encouraged about the economy avoiding recession, which recent economic history said would not be possible. San Francisco Fed President Mary Daly expressed her commitment to lowering inflation even further on "Squawk on the Street" last week. "It's really too early to say that we can declare victory on inflation.

Persons: Tom Werner, Jerome Powell, Ed Yardeni, Yardeni, Paul McCulley, Tom Lee, Fundstrat, Lee, Liz Young, Roger Ferguson, Ferguson, Hugh Johnston, they've, CFOs, Milton Friedman's, Pimco, Tiffany Wilding, Wilding, Mary Daly Organizations: Federal Reserve, Market Committee, Fed, CME Fed, Yardeni, Dow Jones, Dow, PepsiCo, CNBC, Francisco Fed Locations: U.S, Georgetown

☆ Fenway Sports Group joins Tiger Woods developed high-tech golf league
▼ + stars: | 2023-06-26 | by ( ) www.reuters.com time to read: +1 min

June 26 (Reuters) - Fenway Sports Group, owner of Major League Baseball's Boston Red Sox and Premier League club Liverpool, said on Monday they have added a team in the TGL, the tech-forward team golf league developed by Tiger Woods, to their portfolio. A total of six teams will make up the TGL, an innovative, new primetime golf league that fuses technology and live action that begins play in January at a specially designed state-of-the-art arena in Palm Beach, Florida. "We are excited for this new journey as one of the six inaugural TGL teams in honour of a city whose love and passion for sports is unparalleled," said Fenway Sports Group principal owner John Henry and chairman Tom Werner in a statement on the TGL website. Teams will be made up of three players and feature some of the PGA Tour's biggest names. Players who have committed to the project include 15-times major winner Woods, Masters champion Jon Rahm and four-times major winner Rory McIlroy.

Persons: Tiger Woods, Alexis Ohanian, Serena Williams, Venus Williams, John Henry, Tom Werner, Woods, Jon Rahm, Rory McIlroy, Steve Keating, Christian Radnedge Organizations: Fenway Sports Group, Major League Baseball's Boston Red Sox, Premier League club Liverpool, Boston, Los Angeles Golf Club, TGL, Reddit, PGA, Thomson Locations: Palm Beach , Florida, New England, Toronto

☆ Red Sox owners buy Boston team in Tiger Woods and Rory McIlroy's golf league
▼ + stars: | 2023-06-26 | by ( Jessica Golden | ) www.cnbc.com time to read: +2 min

Another sports powerhouse has joined the ownership ranks of the golf league being developed by Tiger Woods and Rory McIlroy. Woods, McIlroy and McCarley founded TMRW Sports Group (pronounced "tomorrow") last year in partnership with the PGA Tour. At the time, it was seen as a response to the Saudi-backed LIV Golf league, which was embroiled in a bitter legal fight with the PGA Tour. This month, however, the PGA Tour and LIV agreed to merge business interests to form a new company. McIlroy is one of the biggest public critics of LIV, and Woods reportedly rejected a massive offer to join the Saudi-funded league.

Persons: Tom Werner, John Henry, Tiger Woods, Rory McIlroy, Henry, Werner, Reddit, Alexis Ohanian, Serena Williams, Venus Williams, Mike McCarley, McIlroy, McCarley, LIV, Woods Organizations: Boston Red Sox, Fenway Sports Group, TGL, Major League Baseball's Boston Red Sox, Liverpool Football Club, National Hockey League's Pittsburgh Penguins, Los Angeles, TMRW, Woods, TMRW Sports, PGA, LIV Golf, Saudi Locations: New England, Los, FSG, Saudi

☆ Red Sox owner Fenway Sports Group buys the Boston team in a new golf league
▼ + stars: | 2023-06-26 | 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 EmailRed Sox owner Fenway Sports Group buys the Boston team in a new golf leagueTom Werner, Fenway Sports Group chairman, and TGL CEO Mike McCarley join 'Squawk Box' to discuss Boston's new indoor golf league team, the people involved with the new indoor golf league, and more.

Persons: Tom Werner, Mike McCarley Organizations: Red Sox, Fenway Sports Group, Boston

☆ LW CEO on inflation outlook
▼ + stars: | 2023-04-13 | by ( Jim Cramer | ) www.cnbc.com time to read: 1 min

LW CEO Tom Werner, speaks with "Mad Money" host Jim Cramer about inflation. Share Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via Email

☆ Boston Red Sox Chair: Fans have embraced baseball rule changes
▼ + stars: | 2023-03-29 | 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 EmailBoston Red Sox Chair: Fans have embraced baseball rule changesTom Werner, Boston Red Sox chairman, joins 'Squawk Box' to discuss the channels available for baseball content, the problems with regional sports networks, and more.

☆ You’ve heard about the 4-day workweek — but what about the 9-day fortnight?
▼ + stars: | 2023-03-17 | by ( Sophie Kiderlin | ) www.cnbc.com time to read: +3 min

Enter the nine-day fortnight. The nine-day fortnight working pattern effectively means that across 14 calendar days, nine of them are working days and five are days off. The 9-day fortnight in practiceMany of the benefits are similar to those of the four-day week, according to those who have tested it. Ben Branson-Gateley, CEO and co-founder of human resources software firm Charlie HR which also follows a nine-day fortnight, says he has noticed additional benefits compared to the four-day week. Both Branson-Gateley and Franklin have seen their employees change the way they approach work as a consequence of the nine-day fortnight.

☆ Liverpool owner Henry rules out sale of the club
▼ + stars: | 2023-02-20 | by ( ) www.reuters.com time to read: +1 min

Feb 20 (Reuters) - Liverpool's American owner John Henry has said there are no plans to sell the Premier League club after the Merseyside outfit's owners said in November they were exploring a sale. After FSG's initial statement, Liverpool chairman Tom Werner said there was no urgency to complete any potential deal. Are talking with investors about Liverpool? I believe so, but it won't be a sale. Reporting by Aadi Nair in Bengaluru; Editing by Ken FerrisOur Standards: The Thomson Reuters Trust Principles.

☆ Man United, Tottenham, Liverpool takeover targets for Qatar fund - Bloomberg News
▼ + stars: | 2023-01-09 | by ( ) www.reuters.com time to read: +2 min

[1/2] General view of the United Trinity statue outside Old Trafford REUTERS/Phil NobleJan 9 (Reuters) - English Premier League clubs Manchester United Plc (MANU.N), Tottenham Hotspur, or Liverpool FC are being targeted by Qatar Sports Investments over a potential acquisition, Bloomberg News reported on Monday. Qatar Sports Investments is considering either a total takeover or a stake in Manchester United or Liverpool, according to the report. Liverpool Chairman Tom Werner also said in November that the Premier League side's owner, Fenway Sports Group (FSG), was exploring a sale of the club. Qatar Sports Investments is currently the owner of French soccer club Paris St Germain, and has a stake in Portuguese soccer club SC Braga. Manchester United and Qatar Sports Investments did not immediately respond to Reuters' requests for comment, while Liverpool could not be immediately reached for comment.

☆ How Gerry Cardinale became the go-to dealmaker for the likes of the Yankees, AC Milan, and Ben Affleck
▼ + stars: | 2022-12-29 | by ( Hayley Cuccinello | Dakin Campbell | ) www.businessinsider.com time to read: +20 min

He bought the soccer club AC Milan in August, earning the attention of the Italian press. This past spring, AC Milan won its first national title in 11 years. Claudio Villa/AC Milan via Getty Images Show less Cardinale at a training session for AC Milan. For instance, the teams sell each other's merchandise in their stadiums, and the YES Network airs AC Milan games. "Now we have a new phase of expansion and internationalization of AC Milan with Gerry."

☆ 'A lot of people are going to see less money in their pocket.' Here are must-know tax changes for 2022
▼ + stars: | 2022-12-02 | by ( Kate Dore | Cfp | ) www.cnbc.com time to read: +2 min

Tom Werner | DigitalVision | Getty ImagesCertain tax credits have been reducedOne possible reason for a smaller tax refund is the child tax credit and the child and dependent care tax credit have been reduced for 2022, explained certified financial planner Cecil Staton, president and wealth advisor at Arch Financial Planning in Athens, Georgia. "The big picture is a lot of people are going to see less money in their pocket," Staton said. In 2021, the child tax credit offered up to $3,600 per child under age 6, and up to $3,000 per child ages 6 through 17, with half available via upfront payments. But for 2022, the tax break reverts to the previous amount — up to $2,000 per child under age 17. You may get Form 1099-K for third-party paymentsIf you've received payments through apps like Venmo or PayPal in 2022, you may get Form 1099-K in early 2023, which reports income from third-party networks.

☆ Manchester United's American owners consider selling club
▼ + stars: | 2022-11-22 | by ( ) www.cnbc.com time to read: +3 min

A football fan chants slogans before a protest against the ownership of Manchester United. Manchester United said on Tuesday it was commencing a process to explore strategic alternatives, including a new investment or a potential sale, 17 years after the American Glazer family bought the English Premier League soccer club. "We will evaluate all options to ensure that we best serve our fans and that Manchester United maximizes the significant growth opportunities available to the club today and in the future," the statement said. The Raine Group is acting as financial adviser and Latham & Watkins LLP is the legal adviser to Manchester United. It was the first Premier League match to be postponed because of a protest.

☆ Manchester United owners consider selling club
▼ + stars: | 2022-11-22 | by ( ) www.reuters.com time to read: +4 min

The owners are under pressure with United sitting fifth in the Premier League halfway through the season, which has been suspended because of the current Qatar World Cup. Manchester United shares jumped as much as 20% after Sky News first reported on the sale process, giving the club a market capitalisation of $2.6 billion. The Raine Group is acting as financial adviser and Latham & Watkins LLP is the legal adviser to Manchester United. It was the first Premier League match to be postponed because of a protest. United finished sixth last season in their worst Premier League campaign in terms of points earned, failing to qualify for the lucrative European Champions League competition.

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