Stories tagged with NBA

Parsons believes Clippers will be sold

By Muckety   |   May 12, 2014 at 6:09pm   |   0 Comments

Dick Parsons, interim CEO of the Los Angeles Clippers, says he’s confident that the Los Angeles Clippers will be sold.

How tightknit is the NBA billionaires club?

By Laurie Bennett   |   April 30, 2014 at 7:34am   |   2 Comments

So now it boils down to a test of billionaires.

NBA bans Sterling for life

By Muckety   |   April 29, 2014 at 1:52pm   |   0 Comments

NBA Commissioner Adam Silver announced Tuesday that Los Angeles Clippers owner Donald Sterling had been banned for life because of racist comments.

The interlocking world of pro sports ownership

By Laurie Bennett   |   September 18, 2013 at 10:42am   |   0 Comments

For serial sports team owners, teams are like pistachios.

2 cities and lots of deep pockets fight for Sacramento Kings

By Laurie Bennett   |   April 12, 2013 at 7:25am   |   0 Comments

While the fate of the Sacramento Kings may fall to NBA Commissioner David Stern, wealthy investors have lined up in California and Washington.

Twin brothers in the NBA

By Laurie Bennett   |   March 27, 2013 at 9:12am   |   0 Comments

Twin brothers Markieff and Marcus Morris have been reunited at the Phoenix Suns.

Saints owner buys the Hornets

By Laurie Bennett   |   April 15, 2012 at 6:32am   |   0 Comments

New Orleans Saints owner Tom Benson expanded his sports empire Friday, buying the NBA’s New Orleans Hornets.

New owners of 76ers: A large, bipartisan group

By Laurie Bennett   |   October 21, 2011 at 10:01am   |   2 Comments

In the age of hyperpartisanship, it’s worth noting when people of different political stripes can agree on anything.

Silence is golden for Cuban

By Laurie Bennett   |   June 13, 2011 at 9:14am   |   0 Comments

It’s a good day to be Mark Cuban.

Mays and McCombs, the original Radioheads

By Gary Jacobson   |   October 25, 2007 at 6:22am   |   1 Comments

The radio business has been very good to Lowry Mays and Billie Joe “Red” McCombs.

In 1972, they formed the San Antonio Broadcasting Company to buy an FM station for $125,000.

Thirty-five years later, that company is called Clear Channel Communications and it owns more than 1,000 stations. Its shareholders recently approved a $19.5 billion private equity buyout that values Mays’ stock at more than $1.1 billion and McCombs’ shares at about $190 million. The deal is expected to close before the end of the year.

In early 2000, when Clear Channel shares hit $95, the founders’ stock would have been valued at more than twice as much as now.

Out of the park and into politics

By A. James Memmott   |   October 13, 2007 at 7:33am   |   0 Comments

When Curt Schilling takes to the mound in the American League
Championship series, he’ll be pitching for the Boston Red Sox against
the Cleveland Indians.

Off the field, Schilling is one of a relatively small group of baseball players who are willing to pitch for political candidates.

He campaigned for President Bush in 2004, and earlier this year, he
said he was backing Sen. John McCain of Arizona for the 2008
Republican presidential nomination. However, he added that if Sen. Barack Obama of Illinois were the Democratic candidate he would have a hard time choosing between the two men.

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