Tag: stake

Saudi Arabia eyes major slice of IPL pie

Saudi Arabia eyes stake in IPL

Saudi Arabia has expressed interest in buying a multibillion-dollar stake in the Indian Premier League (IPL), international cricket’s most lucrative event, following a string of investments that have upended professional sports including football and golf. ‘gulfnews.com’ stated that the Crown... » Read more

Minority stake offloaded in Timber-Thorns

Minority share of Portland Timbers sold last year

The Major League Soccer (MLS) team Portland Timbers owner Merritt Paulson sold a 15 percent stake in the Timbers and the National Women’s Soccer League (NWSL) team Portland Thorns FC organization in 2021 to a private equity firm. ‘OREGON LIVE’ stated that Arctos, a firm, invested in at least... » Read more