Latest Sports team ownership changes News

AP sources: Alibaba exec to buy Nets, arena for $3.4 billion

Aug. 16, 2019 2:07 PM EDT

NEW YORK (AP) — In a record sale for a U.S. sports franchise, the co-founder of Alibaba agreed to buy the remaining 51 percent of the Brooklyn Nets and Barclays Center for about $3.4 billion, two people with knowledge of the details said Friday. Joe Tsai already had purchased 49 percent of the team from...

Ex-baseball star gets home detention in insider trading case

Aug. 13, 2019 2:49 PM EDT

SANTA ANA, Calif. (AP) — Former Major League Baseball player Doug DeCinces was sentenced to eight months of home detention and ordered to pay a $10,000 fine for his role in an insider-trading scheme, a newspaper reported. DeCinces, who played third base for the California Angels and Baltimore Orioles, was...

Liberty hosts third annual UNITY Day; Mystics sit atop poll

Aug. 13, 2019 12:50 PM EDT

NEW YORK (AP) — Tina Charles is pleased how the New York Liberty ownership group has continued to support the players' activism involving social issues. The team hosted its third annual Comm-UNITY Day game this past weekend and players participated in a series of events around Sunday's matchup against the...

Trump fundraiser puts billionaire host on defensive

Aug. 9, 2019 2:04 AM EDT

WASHINGTON (AP) — A billionaire New York investor and owner of the Miami Dolphins who is hosting a high-dollar fundraiser for Donald Trump on Friday also has a financial interest in the president's business empire — including his iconic Manhattan tower. Shortly after Trump's election, Stephen M....

Palmer-Brown lent by Man City to Austria Vienna

Aug. 5, 2019 2:18 PM EDT

American defender Erik Palmer-Brown has been lent from Manchester City to Austria Vienna for the 2019-20 season. The Austrian team said Monday it has an option to buy the 22-year-old center back, who has made two appearances for the U.S. national team. Palmer-Brown was born in Napoleon, Ohio, played for Sporting...

Lightning sign Shattenkirk after buyout by Rangers

Aug. 5, 2019 1:07 PM EDT

TAMPA, Fla. (AP) — Veteran defenseman Kevin Shattenkirk has signed a one-year, $1.75 million contract with the Tampa Bay Lightning after being bought out by the New York Rangers. Lightning vice president and general manager Julien BriseBois announced the deal Monday. Shattenkirk said he chose the Lightning...

Concert, fireworks lure fans to wet Titans' practice

Aug. 3, 2019 11:04 PM EDT

NASHVILLE, Tenn. (AP) — Thunderstorms gave the Tennessee Titans a painful flashback to their 2018 season opener in Miami and the longest game since the NFL-AFL merger in 1970 before a night practice at their stadium. Turns out offering a free concert by country singer Jake Owen followed by fireworks keeps...

Billionaire Alex Meruelo takes ownership of Coyotes

Aug. 1, 2019 6:35 PM EDT

GLENDALE, Ariz. (AP) — Alex Meruelo's specialty as a businessman has been to resurrect struggling companies. His billion-dollar portfolio includes casinos, TV and radio stations, food services, real estate, hospitality, construction and engineering. Meruelo's latest acquisition could be one of his most...

Garber's 20 years as MLS commissioner time of huge growth

Aug. 1, 2019 5:11 PM EDT

NEW YORK (AP) — Don Garber keeps a fireman's hat in his office. "When you're running a business like this, you are a fireman. You're putting out fires every day," he said. Garber's 20th anniversary as Major League Soccer's commissioner is Sunday, and the league's challenge these days is growth, an upward...

Brian Gaine returns to Buffalo Bills as special adviser

Jul. 23, 2019 12:38 PM EDT

BUFFALO, N.Y. (AP) — Brian Gaine is returning to the Buffalo Bills, this time as a special adviser under general manager Brandon Beane. The team announced Tuesday that he'll assist with pro and college scouting. Gaine spent the 2017 season as the Bills' vice president of player personnel before taking over...