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Billionaire John Textor Looks To Close $846M Lyon FC Deal As Sports M&A Heats Up
Monday, November 14, 2022 - 1:25pm | 380Billionaire John Textor is expected to finalize his takeover of Olympique Lyonnais, or the Lyon football club, this week. The former executive chair of fuboTV Inc. is reportedly meeting with the Direction Nationale du Contrôle de Gestion (DNCG) on Nov. 16 to close the transaction. The DNCG is...
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Sotheby's Latest Metaverse Auction Fetches Nearly 1.5 Million Dollars In NFT Sales
Thursday, April 7, 2022 - 11:44am | 517Sotheby’s, one of the world’s leading auction houses, hosted its fourth metaverse auction from March 30, 2022, to April 4, 2022, featuring 24 NFTs from the “LFC Heroes Club” series launched by Liverpool F.C. The ‘Legendary’ 1/1 auctions and the ‘Hero...
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Money Ball: 8 Hedge Fund Managers Who Own Pro Sports Teams
Friday, December 6, 2019 - 12:58pm | 675Hedge fund billionaire Steve Cohen, CEO of Point72 Asset Management, is in talks to boost his ownership in the New York Mets baseball team to a majority stake, perhaps bringing more of a Wall Street vibe to the team out in Queens. If the deal is completed and Cohen becomes the main owner in five...
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Soccer Week in Financial Markets
Tuesday, August 7, 2012 - 12:41pm | 468The global sport of soccer is being thrust to the forefront of markets this week as Manchester United, the world's most valuable sports franchise, seeks a re-IPO. Also, Standard Chartered, the sponsor of Liverpool F.C., is reported to have funneled billions of dollars of transactions into Iran....
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UEFA Financial Fair Play Regulations: A Lesson for the European Debt Crisis
Thursday, May 31, 2012 - 12:57pm | 711Fans of European club football, governed by the United European Football Association (UEFA), know that football clubs have been struggling with debt and excess leverage. Just like other corporations, football clubs took advantage of cheap credit to fund their operations, either to build new...