sports owner

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Ryan Reynolds Is Expanding His Empire

He, Rob McIlhenney, Michael B. Jordan among investors taking 24% interest in F1 team

(Newser) - Ryan Reynolds does some acting , sure, but he's also got his fingers in a successful gin company , cell phone company , Ted Lasso-esque football club in Wales , and you know, once in a while Canada writes him a song . So while one might think the father of four might take...

Billionaire Sports Owners Abandoning Workers During Virus
Dear Stingy
Sports Owners,
We'll Remember This
OPINION
Mar 27, 2020 2:48 PM CDT

Dear Stingy Sports Owners, We'll Remember This

Nancy Amour for USA Today says those who don't pay workers shouldn't expect tax breaks

(Newser) - Boston Bruins owner Jeremy Jacobs is getting slammed for cutting salaries or laying off workers altogether during the coronavirus pandemic. Tilman Fertitta, who owns the Houston Rockets—as well as Landry's, the parent company over hundreds of restaurants, hotels, and casinos—is likewise drawing criticism after laying off 40,...

Trafficking Sting Leads to Surprise Warrant for Patriots Owner

Robert Kraft charged with 2 counts of soliciting prostitution in Florida massage parlor

(Newser) - More than two dozen people have been arrested in Florida, caught up in a human trafficking bust, and among them: New England Patriots owner Robert Kraft, NBC News reports. Jupiter Police Chief Daniel Kerr said Friday that Kraft was charged with two misdemeanor counts of soliciting prostitution, and that there'...

Clock Runs Out on Arena Football League

Owners can't reach agreement on new financial model

(Newser) - The Arena Football League, which canceled its 2009 season to work on its financial model, won’t be back, barring a big surprise. A team official says the league voted to indefinitely suspend operations, and a formal announcement should come soon, the Columbus Dispatch reports. Owners couldn’t agree on...

Real-World Financial Woes Worry Sports Owners

Off the field, most team records aren't promising

(Newser) - As investment portfolios dwindle and businesses suffer, more professional sports teams' owners are falling on hard times. League bosses worry that potential buyers, already an endangered breed, won't go for newly available teams because their primary businesses are foundering. Even the Cubs, one of MLB's few profitable franchises, can't find...

Sports Owners Put Their Money on McCain

GOP candidate raising far more than Obama from team honchos

(Newser) - Hollywood money may be filling Barack Obama’s coffers, but sports-owners’ cash is overwhelmingly going to John McCain. The presumptive GOP nominee has raked in $3.2 million raised or donated by sports owners, while Obama has drummed up only $615,000, Politico reports. Even in Chicago, Obama’s hometown,...

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