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Abdul-Jabbar spent five seasons as the league’s oldest player. ALL-STAR LEVELThe “oldest player” in an NBA season has been picked for the All-Star Game on 13 previous occasions. Stockton turned 41 that season; he spent two years as the league’s oldest player and missed zero games in that span. NUMBER 43James will become the 43rd player in NBA history to hold the distinction of being the league’s "oldest player." Robert Parish was the league’s oldest player for seven seasons, the most in NBA history.
Persons: LeBron James, He’s, James, , Udonis Haslem, Andre Iguodala, James wasn't, Darko Milicic, Milicic, KAREEM —, Kareem Abdul, Jabbar, Abdul, , Karl Malone, Michael Jordan, Nobody, Vince Carter, Dirk Nowitzki, Carter, Nowitzki, — Moses Malone, Kevin Garnett, Kevin Willis, Robert Parish, John Havlicek, Larry Costello, Slater Martin, Bobby Wanzer, Johnny Green, Parish, It’s, John Stockton, Stockton, Shaquille O’Neal, Mike Novak’s, Paul Silas, James ’, Bob Cousy, Nat Hickey —, Elvin Hayes, Dikembe Mutombo, Al Cervi, Dolph Schayes, Andre Miller, Silas, Cousy, Hickey, Lenny Wilkens, Grant Hill, Steve Nash, Dale Ellis, Sam Perkins, — James, ___ Organizations: NBA, Utah, Cleveland, Providence Steamrollers Locations: Akron
After the performance, video footage showed he and Offset arguing backstage, though both have since played down the dispute. “We’ll get onstage any time we want to,” Quavo said, with finality. Quavo had recorded 12 songs (“Super, super aggressive, super angry,” the rapper said) over a 48-hour period that he wanted to release immediately. It makes sense that the recording booth would be restorative for Quavo. But Quavo said he worried that if there were many more songs like it, fans would think he was having too much fun.
Persons: “ We’ll, ” Quavo, “ It’s, Quavo, Kevin Lee, , Lee, , Bando ”, Migos, LeBron James, wasn’t Organizations: BET Locations: Atlanta, Lawrenceville, Ga
PHILADELPHIA (AP) — Bryce Harper has manhandled postseason pressure with the ease of one of his swings -- bat tucked behind his helmet, short ground step, then, whack! Maybe a hyped Harper will bellow, “ This is my house!” standing on second base after a go-ahead double. He hit three homers and batted .462 in a four-game NL Division Series win over Atlanta that moved the Phillies on the cusp of a second straight World Series trip. Inside the jubilant clubhouse, the Phillies had their fun, spraying Harper with beer and gleefully yelling, “Attaboy, Harper! Trea Turner became the first Phillies player with four hits in a postseason game when he went 4 for 4 in Game 4.
Persons: — Bryce Harper, Harper, Bryson Stott, Red, , Stott, Tommy John, , ” Harper, Philly, “ Attaboy, Orlando Arcia, Harper ”, Arcia, Michael Harris, I’m, ” Stott, Zack Wheeler, Aaron Nola, Trea Turner, Nick Castellanos, It’s, Rob Thomson, ” Castellanos, it’s, LeBron James, Tiger, you’re Organizations: PHILADELPHIA, Liberty Bell, Phillies, NL, Atlanta, Arizona, Philly, Harper, ” Braves, Braves, MLB, Washington Nationals Locations: Vegas, Philadelphia
"I just want to say how deeply saddened that we all are about the recent horrific attacks on Israel ... He warned that the war in Ukraine, compounded by the attacks on Israel, could have "far-reaching impacts on energy and food markets, global trade, and geopolitical relationships." On Friday, Citigroup CEO Jane Fraser included Israel in her opening remarks on the bank's earnings call. "Once someone ventures into the space of, 'who is the perpetrator and who is the victim,' you enter into the exposure of social media disinformation and risk," Kotok said. Some large companies including Apple (AAPL.O) and Walmart (WMT.N) had yet to issue statements, while some prominent personalities including NBA star LeBron James have spoken out.
Persons: JPMorgan Chase, Jamie Dimon, Albert Bourla, Jefferies, Michael Bloomberg, Goldman Sachs, Jane Fraser, Israel, Fraser, Larry Fink, David Kotok, Cumberland, Kotok, Antonio Neri, Andy Jassy, Sundar Pichai, Satya Nadella, LeBron James, Gigi Hadid, Lananh Nguyen, Aditya Soni, Stephen Nellis, Siddharth Cavale, David Gaffen, Arriana, Sayantani Ghosh, David Gregorio Our Organizations: JPMorgan, Pfizer, UBS, New York City, Bloomberg, Delta Air Lines, Citigroup, BlackRock, Cumberland Advisors, Hewlett Packard Enterprise, Amazon, Meta, Union, Google, Microsoft, Apple, Walmart, NBA, Thomson Locations: Israel, Ukraine, New York, Florida, Bengaluru
The buzziest new entertainment arena is a glowing orb near the Las Vegas strip. The Sphere opened last weekend with a U2 concert attended by the likes of Jeff Bezos and Oprah Winfrey. The biggest draw of the night was arguably not the Irish rock band, though, but the venue itself: the Sphere. The Sphere is a massive, dome-shaped music and entertainment venue that just opened near the Las Vegas strip. "The Sphere in Las Vegas might be the best $2.5 billion dollars ever spent," one person said on X, formerly known as Twitter, alongside a video of the sphere as an emoji.
Persons: Jeff Bezos, Oprah Winfrey, , LeBron James, James Dolan, Greg Doherty, Lauren Sanchez, Bezos, Kevin Mazur, Darren Aronofsky, hasn't, Harry Styles Organizations: Service, Garden Company, New York Times Locations: Vegas, Madison, overbudget, Las Vegas
All thanks to Justin Fields and DJ Moore being perfectly in tune. Fields and Moore connected eight times for 230 yards and three touchdowns to give the embattled Bears their first win of the season, beating the Washington Commanders 40-20 Thursday night, hours after word emerged of the death of franchise great Dick Butkus. “We just needed a win, get the mojo going in our favor,” Moore said. All the off-field drama the organization has been mired in for weeks melted away in the moments of celebration. “That’s on me.”LONG DISTANCEChicago got its four longest plays of the season: 58-, 39-yard and 56-yard completions from Fields to Moore and a 34-yard run by Khalil Herbert.
Persons: Justin Fields, DJ Moore, Moore, Dick Butkus, , ” Moore, ” Fields, Fields, Ron Rivera, LeBron James, Butkus, Sam Howell, , Greg Stroman, Howell, Logan Thomas fumbling, Joey Slye, ” Rivera, Khalil Herbert . Three, Linebacker Tremaine Edmunds, Lucas Patrick, Roschon Johnson, Brown, Travis Homer, Jeremy Reaves, Christian Holmes, John Ridgeway, ___ Organizations: Chicago Bears, Bears, Washington, of Fame, Denver, FedEx, Chicago, Equanimeous, UP, Minnesota Vikings, Atlanta Falcons Locations: LANDOVER, Md, Chicago, Washington
Reigning NBA MVP Joel Embiid of the Philadelphia 76ers has told USA Basketball that he intends to play for them at the Paris Olympics, a person with knowledge of the matter said Thursday. Embiid became a U.S. citizen last year and could have also chosen to play for France — or even Cameroon, his homeland, if it qualified for the Paris Games. The U.S. will try for a fifth consecutive gold medal at Paris next summer. Embiid is expected to address his decision later Thursday at 76ers' training camp in Fort Collins, Colorado. ___AP coverage of the Paris Olympics: https://apnews.com/hub/2024-paris-olympic-games
Persons: Joel Embiid, Embiid, Grant Hill, Stephen Curry, Kevin Durant, LeBron James, Bam Adebayo, Devin Booker Organizations: NBA, Philadelphia 76ers, USA Basketball, Paris Olympics, ESPN, France, Paris Games, Paris, 76ers, U.S Locations: U.S, Cameroon, Embiid, Fort Collins , Colorado, paris
To make Forbes' 2023 list of the 400 richest Americans, you needed a net worth of $2.9 billion. Forbes' released its annual ranking of the 400 richest Americans on Tuesday, and Trump didn't make the cut. Kardashian, the wealthiest member of the Kardashian-Jenner family with a net worth of $1.7 billion, also didn't make the list. In business, Tim Cook and Sheryl Sandberg, each with an estimated net worth of $1.8 billion, both missed the cut. The top 20 richest Americans are richer than ever before, collectively worth $1.9 trillion, according to Forbes.
Persons: Forbes, didn't, Donald Trump, Oprah Winfrey, Evan Spiegel, , Kim Kardashian, Tim Cook, Sheryl Sandberg, Trump, Kardashian, Jenner, Jay, LeBron James, Oprah didn't, Charles Munger, Ted Turner, Reid Hoffman, Marc Andreessen, Elon Musk Organizations: Service, Trump, Apple, Forbes, Berkshire Hathaway's, CNN Locations: New York
CNN —Whether or not Miami Heat’s golden child Jimmy Butler’s new “emo” look is just a phase, the NBA star carried it off with some aplomb, drawing plenty of laughs from his teammates. Butler said he’s now “emo” and after the summer he and the Heat have had, who can blame him? “Yeah, yeah, yeah, laugh it up,” Butler said as he entered his press conference, pushing his fringe out of his eyes. Butler said his new look was down to his 'emotional state.' Certainly not someone to do things by halves, Butler was fully immersed in his new state and even posted songs from emo bands on his Instagram story throughout the day.
Persons: Jimmy Butler’s, Butler, he’s, Damian Lillard, Lebron James, Rebecca Blackwell, ” Butler, Gabe Vincent, Max Strus, isn’t, , Jim Rassol, Bam Adebayo Organizations: CNN, NBA, Portland Trail Blazers, Miami, Milwaukee Bucks swooped, Lillard, Reuters Locations: Miami, South Beach, Wisconsin, Florida
LeBron James Says Bronny Is Doing Well, Working to Play for USC This Season After Cardiac EpisodeLeBron James says his 18-year-old son is progressing in his rehabilitation from cardiac arrest in hopes of playing for the University of Southern California this season
Persons: LeBron James Says Bronny, LeBron James Organizations: USC, University of Southern Locations: University of Southern California
“I will play in the Olympics next year,” Durant adamantly said at Phoenix’s media day. Hopefully this will help remind him.”Durant could join six women, all of them Americans, with four Olympic basketball golds. It’s been reasonable to think that USA Basketball will have plenty of experienced options to choose from next year. That pushes the list of realistic candidates for USA Basketball to choose from to about 40 names, at minimum. “I think anytime you’re asked to play for USA Basketball, it’s really hard to say no,” Miami forward and Olympic gold medalist Kevin Love said.
Persons: Kevin Durant, Durant —, , Durant, ” Durant, Bam Adebayo, he’s, DeMar DeRozan, Devin Booker, Bradley Beal, Jaylen Brown, Donovan Mitchell, Khris Middleton, Julius Randle, Zach LaVine, Aaron Gordon, Fred VanVleet, Brook Lopez, Irving, Draymond Green, , LeBron James, he's, Joel Embiid, ” Embiid, , I’m, that’s, Zion Williamson, Paul George, Kawhi Leonard, Kyle Kuzma, Jimmy Butler, Anthony Davis, ” Brown, Grant Hill, Sean Ford, Steve Kerr, I’ve, Sue Bird, Diana Taurasi, Teresa Edwards, Lisa Leslie, Tamika Catchings, Sylvia Fowles, Stephen Curry, Atlanta’s Trae Young, you’re, ” Young, It’s, — Durant, Chris Paul, Green, James, it’s, Kevin Love, Brian Mahoney, Dan Gelston, Greg Beacham, Andrew Seligman, Kristie Rieken, Teresa M, Walker, Noah Trister, Brett Martel, Steve Megargee, Kyle Hightower, Beth Harris, Tom Withers, Charles Odum, David Brandt, Pat Graham, ___ Organizations: Olympics, U.S, Dallas, Los Angeles Lakers, Paris Games, USA Basketball, FIBA, World, Team, USA, Paris, men’s, Golden State, Olympic, NBA, AP Sports Locations: France, Cameroon, Paris, Milwaukee, Miami
The legendary rock band, which has won 22 Grammys, performed for two hours inside the massive, state-of-the-art spherical venue with crystal-clear audio. Throughout the night, there were a plethora of attractive visuals — including kaleidoscope images, a burning flag and Las Vegas’ skyline, taking the more than 18,000 attendees on U2’s epic musical journey. Bono then paid homage to the late Elvis Presley, who was a Las Vegas entertainment staple. … Can you hear us?”The U2 frontman pointed into the crowd and shouted out Dr. Dre, Snoop Dogg and Jimmy Iovine. The band closed its first Sphere concert with “Beautiful Day," which one three Grammys in 2001.
Persons: Bono, kneeled, , Adam Clayton, Bram van den Berg, Elvis Presley, Elvis, , It’s, Oprah, LeBron James, Matt Damon, Andre Agassi, Ava DuVernay, Josh Duhamel, Jason Bateman, Jon Hamm, Bryan Cranston, Aaron Paul, Oscar de la Hoya, Henrik Lundqvist, Flav, Diplo, Dakota Fanning, Orlando Bloom, Mario Lopez, ” Bono, Paul McCartney, Macca, James Dolan’s, Dolan, Jim Dolan, Shea, Dre, Snoop Dogg, Jimmy Iovine, Jimmy Buffett’s, Larry Mullen Jr, Bram van den, Mullen, Berg, ” Berg Organizations: LAS VEGAS, Garden, New York Knicks, Rangers Locations: Las, Vegas, Las Vegas, Elvis, , Madison, Berg
NEW YORK (AP) — Magic Johnson's love for his Los Angeles Lakers has kept him from considering ownership of any other NBA team. The New York Knicks would be the one franchise that could make him have second thoughts. But the basketball Hall of Famer repeatedly has passed on opportunities for ownership in the sport he knows best. “I love being with fans who are so passionate about their team and the Knick fans are, and they’re smart. They’re smart basketball fans and so that one I would have to think about.
Persons: ” Johnson, , Johnson, James Dolan, , LeBron James, David Stern, “ I’ve, GlaxoSmithKline's, “ I'm Organizations: Los Angeles Lakers, NBA, The New York Knicks, New York Knicks, NFL, Buffalo Bills, Dodgers, of Famer, Golden State Warriors, Detroit Pistons, Atlanta Hawks, Lakers, Knicks, Associated Press, Garden, AIDS Locations: New York, Washington, Los Angeles, Madison
NEW YORK (AP) — Toronto Blue Jays slugger Vladimir Guerrero Jr. got good news Thursday when an MRI on his right knee showed inflammation and no structural damage. Guerrero was held of the starting lineup for the second straight night as the Blue Jays completed a three-game series with the Yankees. “I think having the MRI kind of give him peace of mind was a good thing,” Toronto manager John Schneider said. “It's very hard for me not being in the lineup but thank God we're in an OK position right now,” Guerrero said. He said he had been dealing with knee pain all season but woke up with the inflammation Tuesday.
Persons: Vladimir Guerrero Jr, Guerrero, , John Schneider, ” Guerrero, Hector LeBron, we're, Schneider, he’s, ___ Organizations: Toronto Blue Jays, Blue Jays, Yankees, Toronto, American League, , Derby Locations: Toronto, Tampa , Florida, Texas, Seattle
National Basketball Association superstar Kevin Durant and business partner Rich Kleiman on Tuesday announced the launch of a new advisory firm under the duo's Boardroom media company. The firm, Boardroom Advisory, will operate on a yearly fee structure and work with athletes as well as executives and brands on creating business and sports ownership opportunities, content and more, the company said in a press release. "Boardroom Advisory is a natural extension of the brand, and is a way for us to bring our resources to other athletes." The firm doesn't intend to compete with agencies and will work in tandem with athletes' preexisting representatives, a spokesperson for Boardroom said. Durant is among a slew of superstar athletes to branch out in the sports media and entertainment world.
Persons: Kevin Durant, Rich Kleiman, Durant, Lebron James, Cristiano Ronaldo, Kleiman, Lorenzo McCloud, James Harden Organizations: Mobile, National Basketball Association, Tuesday, NBA, SpringHill, Soccer, Nike, ESPN, Golden State Warriors, Oklahoma City Thunder, Brooklyn Nets, Phoenix Suns, Philadelphia 76ers, CNBC Locations: Puerto Rico, U.S, Las Vegas, Durant
DENVER (AP) — Colorado State coach Jay Norvell said Monday that senior safety Henry Blackburn has been receiving death threats since his late hit that hospitalized Colorado two-way star Travis Hunter. It’s a football game. "This kid should be worried about going to school and getting ready to play football. Hunter tried to continue to play after the hit but was ruled out in the second half and was taken to a hospital. We certainly don’t want to see anybody get hurt.”Shedeur Sanders took exception to the blow by Blackburn along the Colorado sideline and confronted Blackburn.
Persons: Jay Norvell, Henry Blackburn, Travis Hunter, Blackburn, Deion Sanders, Norvell, Let’s, ” Norvell, I’ve, Henry, shouldn’t, Sanders, Hunter, , ” Sanders, “ We’ve, He's, Shedeur Sanders, you've, he’s, “ It’s, Travis, ” Shedeur Sanders, , LeBron James, of Famer Champ Bailey, Bailey, Arnie Stapleton Organizations: DENVER, , — Colorado State, Rams, Buffaloes, Southern Cal, Los Angeles Lakers, of Famer, Washington Commanders, Denver Broncos, AP Pro Football Locations: — Colorado, Colorado, who's, Boulder, It’s, Oregon, Eugene, Georgia
Lacy Schneemann of the Florida Smash returns a shot during a group play Major League Pickleball match against BLQK at Pickle & Chill on October 15, 2022 in Columbus, Ohio. After weeks of drama in professional pickleball, the PPA Tour and Major League Pickleball have again agreed to merge, the leagues said Wednesday. "As professional pickleball continues to rapidly grow, we could not be more excited to provide both players and fans with the clarity and consistency of a unified professional pickleball organization," Major League Pickleball founder Steve Kuhn said in a statement. On the professional level, Major League Pickleball teams values have skyrocketed, with some teams going for $10 million. Major League Pickleball owners include many high profile athletes from LeBron James and Kevin Durant to Tom Brady and Patrick Mahomes.
Persons: Lacy Schneemann, League Pickleball, Tom Dundon, pickleball, Steve Kuhn, Kuhn, Dundon, LeBron James, Kevin Durant, Tom Brady, Patrick Mahomes Organizations: Florida, League Pickleball, BLQK, PPA, League, SC Holdings, MLP, pickleball, Major League Pickleball Locations: Columbus , Ohio
NEW YORK (AP) — The NBA took steps Wednesday to try to ensure that its star players appear in more games, particularly nationally televised matchups and the in-season tournament that is being added this year. The new rules focus primarily on star players — someone who has been an All-Star or on the All-NBA team in any of the prior three seasons. Teams will have to manage their rosters to ensure that multiple available star players aren't sitting out the same game to rest. The league will allow teams to submit written requests in advance for older players for back-to-back games. Teams will be able to make other requests to have players miss games that include personal reasons, player's prior injury history and end-of-season flexibility.
Persons: , Adam Silver, aren't, LeBron James, Kevin Durant, Stephen Curry Organizations: NBA
Djokovic’s coach, grand slam champion Goran Ivanišević, has been a member of the 36-year-old’s inner circle since 2019 and he heaped praise on Djokovic’s record-equalling achievement. “This is one of the biggest achievements in sports history, not just tennis.”‘A winner’If Djokovic winning in New York felt inevitable, so too does the possibility of him winning another grand slam before he retires. He admitted himself that Medvedev probably played better in the second set and arguably deserved to win it. But, when it really mattered in the second set tie-break, Djokovic found those extra inches which make him such a dangerous man in those clutch moments. Once the second set was tied up, Djokovic looked reenergised and battled through to yet another memorable win.
Persons: Novak Djokovic, Daniil Medvedev, Arthur Ashe, Djokovic, Margaret Court’s, Goran Ivanišević, ” Ivanišević, , , Ivanišević, Rafa Nadal, Roger Federer, , he’s, ” Novak Djokovic, Mary Altaffer, Medvedev, it’s, LeBron James, Tom Brady, “ That’s, I’m Organizations: CNN Locations: New York, Serbia
MANILA, Philippines (AP) — There was a long flight awaiting USA Basketball on Monday. And now, every bit of USA Basketball’s focus shifts to the Paris Olympics — where the challenge will be even tougher than the World Cup, which again reminded the Americans how much the FIBA game has changed. “The narrative about USA Basketball and FIBA, and do we need reminders, we’re past that,” U.S. coach Steve Kerr said. We do a great job as an organization at (USA Basketball) as far as respecting the game. Those are the colors of the uniforms USA Basketball will be wearing.
Persons: Steve Kerr, ” Kerr, — Erik Spoelstra, Tyronn Lue, Mark Few, Grant Hill, Sean Ford, , , Carmelo Anthony, Austin Reaves, Josh Hart, Jalen Brunson, Anthony Edwards, “ I’ll, Bridges, Stephen Curry, Kevin Durant, LeBron James, Bam Adebayo, Devin Booker, Jayson Tatum, Draymond Green, we’ve, “ We’ve, Joel Embiid, he’s, Tim Reynolds, ap.org ___ Organizations: USA, Paris, NBA, Paris Olympics —, FIBA, USA Basketball, Olympics, Paris Games, Basketball, Tyrese, United, Paris Olympics, Associated Press, AP Locations: MANILA, Philippines, Manila, Los Angeles, U.S, Paris, men’s, America, Tyrese Haliburton, USA, Canada, Tokyo, United States, France, Cameroon, treynolds
Ben Cohen — Columnist at The Wall Street Journal
  + stars: | 2023-09-09 | by ( Ben Cohen | ) www.wsj.com   time to read: 1 min
Ben CohenBen Cohen writes the Science of Success column for The Wall Street Journal about what makes people, teams and ideas work in business, culture and beyond. Before starting this weekly column, Ben was a sports reporter at the Journal for more than a decade, chronicling the strategies and oddities of the NBA as the league was transformed by the starpower of LeBron James and shooting of Stephen Curry. He's covered almost every sport, including three Olympics Games, college football and the NCAA basketball tournament, and he won a New York Press Club award for feature writing for a story about a private chess match. Ben is also the author of “The Hot Hand,” a book about the mystery, science and magic of streaks. He joined the Journal as an intern after graduating from Duke University and lives in New York with his family.
Persons: Ben Cohen Ben Cohen, Ben, LeBron James, Stephen Curry, He's Organizations: Wall Street Journal, NBA, Olympics Games, NCAA, New York Press, Journal, Duke University Locations: New York
Insider Today: Y Combinator's Demo Day decline
  + stars: | 2023-09-07 | by ( Dan Defrancesco | ) www.businessinsider.com   time to read: +10 min
Y Combinator's Demo Day, which will wrap up today, was long considered the event for early-stage startups. AdvertisementAdvertisementInvestors front-running Demo Day was previously considered a major faux pas. You might ask yourself: Who cares if startups line up investments before Demo Day? And companies that get investments before Demo Day might regret it in the long run. The new rating system for performance reviews determines pay — and managers were instructed to not share it with employees.
Persons: I've, that's, Madeline Renbarger, haven't, It's, it's, Samantha Lee, Madeline, There's, Martin, Ryan Reynolds, LeBron James, they're, Ed Yardeni, Jeremy Grantham, Brevan Howard, Peter Hornick, Eduardo Munoz, Sapna Chadha, Shopify, Arantza Pena Popo, YIMBYism, Elon Musk, Katy Perry, Hozier, Hayao Miyazaki's, Heidi Tissenbaum's, Dan DeFrancesco, Naga Siu, Hallam Bullock, Lisa Ryan Organizations: Service, NFL, Tech, Bank, Getty Images, REUTERS, Google, Google Asia Pacific, The Kansas City Chiefs —, Detroit Lions, 48th Toronto, Getty Locations: Wall, Silicon, Silicon Valley, Nevada, The, New York City, San Diego, London, New York
CNN —Ahead of the start of the NFL season, Washington Commanders coach Ron Rivera sat down with CNN This Morning for a wide-ranging interview on leadership and other topics. Ron Rivera: There are so many great examples out there of it, you know, from people like Nelson Mandela. You know, there’s a great saying that says leadership is not about you, but it will start with you. RR: I think great leaders start with themselves. I think you’ve got to create a positive culture that is built through character.
Persons: Ron Rivera, Rivera, Poppy Harlow, Nelson Mandela, you’ve, there’s, I’ve, Andy Reid, John Madden, “ Ron, haven’t, , it’s, Daron Payne, John McDonnell, It’s, Bill Belichick, Sean Payton, Tom Coughlin, Dan Snyder, Charles Barkley, LeBron James, Megan Rapinoe, Eric Reid, Colin Kaepernick, we’re, they’re, let’s Organizations: CNN, NFL, Washington, Kansas City Chiefs, Washington Post, New England Patriots, Denver Broncos Locations: New York, San Francisco, American
Valuations show no signs of cooling off with billionaires and private equity firms in bidding wars. Bankers to the rich told Insider which sports are drawing moneyed clients. Now rich individuals have to compete with institutional investors like private equity firms and sovereign wealth funds for a limited number of teams. As a result, aspiring team owners have gotten more creative to seal the deal. "It's never going to be a private equity type of model where these assets will be exited every five years," he told Insider.
Persons: Ryan Reynolds, Rob McElhenney, LeBron James, Milwaukee Bucks Marc Lasry, Brian Kantarian, Josh Harris, Kantarian, Ivo Voynov, It's, Gerry Cardinale, Voynov Organizations: Bankers, Sports, NBA, Wrexham AFC, Milwaukee Bucks, NFL, Citi Private Bank, Europe's Big Five, XFL, JPMorgan Locations: Washington, Europe, Plenty, Wall
Silicon Valley Bank's implosion spotlighted the federal deposit insurance limit of $250,000. The cap led NBA star Giannis Antetokounmpo to open multiple bank accounts to protect his fortune. Billionaire investor Marc Lasry told the player to invest in US Treasuries and other assets instead. Get the inside scoop on today’s biggest stories in business, from Wall Street to Silicon Valley — delivered daily. When Giannis Antetokounmpo first learned of the limit, he opened half a dozen bank accounts to protect his fortune.
Persons: Giannis Antetokounmpo, Marc Lasry, Antetokounmpo, Giannis, Lasry, Lionel Messi, LeBron James, Tom Brady, John Koudounis, Bill Ackman, Mark Cuban Organizations: NBA, Service, Bloomberg, Milwaukee Bucks, Bloomberg Wealth Summit, JPMorgan, Forbes, Deposit Insurance Corp, Signature Bank Locations: Wall, Silicon, Greece
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