MARK WALTER ID THE NEW LOS ANGELES LAKERS MAJORITY OWNER

 

Meet Mark Walter — The New Power Behind the Lakers 💼🏀

Mark Walter, billionaire CEO of TWG Global and co-founder of Guggenheim Partners, just made history with a $10 billion deal to acquire majority ownership of the Los Angeles Lakers.

Already a major player in sports, Walter also owns stakes in:

🏀 NBA’s Los Angeles Lakers

⚾ Los Angeles Dodgers

⚽ Chelsea FC

🏀 WNBA’s L.A. Sparks

With a $325B investment empire behind him, Walter is quickly becoming one of the most influential owners in global sports.

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MICHAEL JORDAN SELLING MAJORITY OWNERSHIP STAKE IN CHARLOTTE HORNETS

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CHARLOTTE, N.C. (AP) — Michael Jordan is finalizing a deal to sell the majority share of the Charlotte Hornets, the franchise announced Friday, leaving the 30-team NBA without any Black majority ownership.

Jordan is selling to a group led by Gabe Plotkin and Rick Schnall, the Hornets said. Plotkin has been a minority stakeholder in the Hornets since 2019. Schnall has been a minority owner of the Atlanta Hawks since 2015 and is in the process of selling his investment in that team.

It's not clear how long the process of selling will take to be finalized by the NBA's Board of Governors. Jordan plans to keep a minority stake in the Hornets, the team he bought in 2010 for about $275 million.

Jordan's decision to sell ends his unsuccessful 13-year run overseeing the organization.

MANCHESTER CITY OWNER SHEIKH MANSUR PICTURED AT FIRST GAME IN 13 YEARS

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Manchester City Owner Sheikh Mansour Pictured At First Game In 13 Years

ROBERT SUMMERSCALES5 HOURS AGO

Manchester City owner Sheikh Mansour attended his first proper game in 13 years on Saturday night.

Mansour, who is the vice-president of the United Arab Emirates, had not been seen at a competitive City match since visiting the Etihad Stadium to witness a 3-0 win over Liverpool in August 2010.

Since then, he had only seen his team live in two exhibition games in Abu Dhabi.

But Mansour flew to Istanbul by private jet to see City make history by beating Inter Milan 1-0 in Saturday's UEFA Champions League final."

 "A 68th-minute strike by Spanish midfielder Rodri saw City complete a famous treble by adding European glory to their earlier domestic triumphs in the Premier League and FA Cup.

Mansour wore a blue and white City scarf as he sat in the executive seating area at the Ataturk Olympic Stadium close to UEFA president Aleksander Ceferin."

 City chairman Khaldoon Al Mubarak was also at the final.

 - Robert Summerscales