An investment group led by former Washington Capitals co-owner Jon Ledecky and Scott Malkin has struck a deal to acquire a “substantial” minority stake in the New York Islanders that will increase to a controlling shareholding in the National Hockey League franchise in two years’ time.
Major League Baseball and the NBA basketball league have opened talks over the sale of their stakes in daily fantasy sports companies DraftKings and FanDuel, respectively, but have maintained they are committed to their commercial partnerships with the firms.
Robert Pera has confirmed he is to maintain his controlling interest in NBA basketball franchise the Memphis Grizzlies through a ‘buy-sell’ process involving limited partners Steve Kaplan and Daniel Straus.
The National Basketball Players Association (NBPA), the union for athletes in North American league the NBA, has entered into a partnership with Japan-based advertising and public relations firm Dentsu.
North American basketball league the NBA has announced the launch of the Jr. NBA World Championship, a first-of-its kind global youth basketball tournament for the top boys and girls teams aged 14 and under.
The Seattle City Council has approved a Memorandum of Understanding with investment firm Oak View Group (OVG) to renovate the city’s KeyArena in an effort to attract an NBA basketball team or NHL ice hockey franchise to the Washington State city by 2020.