Huge personal growth from Claire this year.
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Love this. Iâll submit Bud Selig and Herb Kohl for a Wisconsin deep cut.
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Some others:
- Wes Anderson and Owen Wilson
- Joe Montana and Charlie Weis
- Ving Rhames and Stanley Tucci
- Christopher Reeve and Robin Williams
- Tom Izzo and Steve Mariucci
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I donât like Nikes stuff but day looks to have aged 10 years in that pic with those threads on
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My first thought as well. Looks way older and I think itâs almost entirely the fit and look of that polo
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The extra fabric helps control his balloon boy sessions and will force him to play even slower because the clothes will get heavy from the sweat collection.
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Very not good. Seeing reports that 5 crew members from a Japanese Coast Guard plane were killed, the JAL A350 collided with them. Still unclear on how that happened.
Reports were the JAL A350 was landing.
perhaps some âclosing thoughtsâ on the future outlook of NFL ownership once the final Trap Draw NFL Owners pod airs⌠this is different from a billionaire who made his/her wealth from working in PE and acquires a team on his/her own balance sheet, as the team would be held in a fund structure with dozens of LPs who could also coinvest (including - gasp - PIF?)
The âFriends of Footballâ are at the gates!
Will Private Equity Get a Piece of Pro Football?
If NFL owners allow it, the buyout bunch would be dipping into a lucrative pool.
By Larry Light
Private equity might make its next investment touchdowns in pro football, as owners of National Football League teams, meeting recently in Phoenix, talked informally about accepting PE and institutional investor money, according to Bloomberg.
While the issue was not on the groupâs formal agenda this year, team owners and executives told the news agency they hope to bring up the idea at the 2024 meeting. The owners pushing for the change reportedly would seek to permit minority positions for PE and allocators. The NFL requires that the lead investor for each team have at least a 30% equity piece. Owners cream off 52% of the earnings, with the rest going to the players.
Most likely, asset allocators would not opt for direct ownership of teams. For institutions, if the past is any guide, their preferred play is using PE firm partnerships to get into specialty investments. Among allocators, PE is popular: It ranks as the third largest allocation for public pension funds, at 13%, after stocks and bonds.
Right now, team ownership is concentrated among billionaires, sometimes with 100% control, such as hedge fund magnate David Tepper, sole owner of the Carolina Panthers. But Rob Walton, a member of the mega-rich family of Walmart fame, who controls the Denver Broncos, has other partners, such as Mellody Hobson, co-CEO of Ariel Investments. (The breakdown of the partnersâ portions of the Broncos is undisclosed.)
Team valuations are steadily rising, so owning one looks like a good idea. When Walton acquired the Broncos last year, for $4.65 billion, that represented a premium over the worth Forbes calculated for it in 2021. Amazon founder Jeff Bezos and Josh Harris, co-founder of Apollo Global Management, are among those interested in acquiring the Washington Commandersâwhose current Forbes value of $5.6 billion is seven times what current owner Dan Snyder paid for it in 1999. The Washington Post just reported that Bezos is dropping out of the bidding, although he has not confirmed that.
The NFL could be angling to follow basketballâs example: In 2020, the National Basketball Association agreed to allow private equity firms to hold passive ownership stakes. In 2021, Dyal Capital Partners bought a 6% stake in the Atlanta Hawks, and a PE fund focused just on sports, Arctos Sports Partners, took a 5% position in the Golden State Warriors.
If that happens in football, the buyout funds would be tapping into the most lucrative sports venture on earth. The NFL garnered an estimated $10.8 billion in revenue last year, per Sports Brief data, and expects that to rise to $19 billion in 2023, according to Sportico, on the back of lucrative new broadcast agreements. Footballâs haul bests that of Major League Baseball, in second place at $10 billion, and the NBA, third at $8 billion.
The 32-team football league rakes in money from broadcast deals, tickets, merchandising and sponsorships.
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Attn @Tron
Service dog eats first class meal on United flight: "Service" Dog Gulps Down First Class Meal On My United Airlines Flight... - Live and Let's Fly
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Are they officially out? Or are they just dropping sponsored players like JDay (who maybe only got them revenue from one country).
Nike is not totally out of golf, Scheffler and Fleetwood are wearing Nike at Kapalua this week.
Also taking the horrible on-course wear title will definitely be Malbon.
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I look forward to JDay switching to Macklemoreâs Bogey Boys brand in 2025. For the content of course.
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Iâll be honest, i was perusing the J Lindberg sale section over the weekend and was in love with some of their stuff.
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I will say some of their stuff makes you do a double take and think to yourself, I could rock thatâŚ15-20 pounds ago.
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J Lindberg definitely went downhill from the prime Camilo era. Those were some sharp looking stuff that pudgy people canât pull off.
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