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EXPLAINED: 2 - The Real Truth

The American sports tycoon who wants to build Yankee Stadium in Milan may have found his nemesis: Italian bureaucracy

After brokering the TV deal and stadium project that forever changed the Yankees, Gerry Cardinale is taking his brand of boardroom "moneyball" to Italian soccer.

Fortune

NFL Owners Considering Allowing Private-Equity Firms To Buy Stakes

NFL owners may allow institutional investors to buy stakes in teams, impacting sports investing landscape.

Top News

Stocks Finish Higher on U.S. Economic Optimism

What you need to know… The S&P 500 Index ($SPX ) (SPY ) Friday closed up +0.41%, the Dow Jones Industrials Index ($DOWI ) (DIA ) closed up +0.36%, and the Nasdaq 100 Index ($IUXX ) (QQQ ) closed up +0.39%. Stocks on Friday settled moderately higher, with the S&P...

Barchart

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Stocks Rally as Soft-Landing Prospects Improve

What you need to know… The S&P 500 Index ($SPX ) (SPY ) today is up +0.21%, the Dow Jones Industrials Index ($DOWI ) (DIA ) is up +0.20%, and the Nasdaq 100 Index ($IUXX ) (QQQ ) is up +0.22%. Stocks this morning are moderately higher, with the S&P...

Barchart

UK To Probe Of UAE-backed Takeover Of Telegraph

The UK government said on Thursday it had triggered a formal probe on public interest grounds into the proposed sale of the Telegraph Media Group to an Abu Dhabi-backed investment fund.

International Business Times

UK Government To Intervene In the Telegraph Takeover Deal As Tories Worry About the Newspaper's Operations

Several Tory MPs have urged the UK government to intervene in the Telegraph takeover deal by UAE-backed investment fund, resulting in the Media Secretary writing a hard-hitting letter to the involved parties.

International Business Times UK

Abu Dhabi-backed fund says it will take control of Telegraph and Spectator

RedBird IMI ‘reaches agreement’ on package of loans to repay debts owed by Barclay family

The Guardian - UK

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NFL Flies With RedBird Capital to Put ‘Sunday Ticket’ in Bars and Restaurants; DirecTV Says It’s Still in Play

NFL forms a joint venture with private equity firm to stream games in public establishments, with other live events potentially added down the road

Multichannel News

Liverpool takeover: FSG not in minority stake talks as Man Utd partly blamed for no bids

Fenway Sports Group, the owner of Liverpool, is not in talks over a deal to sell a minority stake of the club to RedBird Capital, which already owns shares in the Reds

Daily Mirror

AC Milan’s £1bn takeover subject of ‘embezzlement’ investigation

The Guardia di Finanza’s special currency unit are now looking into the matter and acquiring documents relating to the takeover - but no individuals have been named in connection with the investigation

Daily Mirror

Liverpool for sale: RedBird Capital chief's comments on owning club after FSG decision

Fenway Sports Group have put Liverpool up for sale after 12 years of ownership, with RedBird Capital thought to be one of the leading suitors after buying a stake in the Reds

Daily Mirror

Who are RedBird Capital? Liverpool investors linked with takeover as FSG open to sale

The New York-based investment firm, who have links to A-list stars such as LeBron James and Drake, own 10% of Liverpool's current ownership group and recently bought Serie A champions AC Milan

Daily Mirror

Mac Engel: The Rock’s new XFL is a three-year plan to succeed where Trump and Vince McMahon flopped

Where both Donald Trump and Vince McMahon failed, The Rock thinks he can win.

Tribune News Service

Morning Brief: Top Financial Stories Dominating on Wednesday, June 1

Reuters Redbird Capital Buys Italian Football Club AC Milan

Benzinga

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Liverpool Echo

FSG and Liverpool partners get huge boost after pulling off major Disney deal

RedBird Capital Partners have struck a major deal to broadcast the XFL from 2023

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People

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