Latest Sports team ownership changes News

Former Astros GM Luhnow buys Spanish soccer club Leganés

Jun. 25, 2022 16:02 PM EDT

MADRID (AP) — An investment group led by former Houston Astros general manager Jeff Luhnow has bought Spanish soccer club Leganés. “We will do all we can to improve this club,” Luhnow said in Madrid on Thursday after purchasing the second-division team for an undisclosed sum...

Chairman says former TN governor perfect steward for Preds

Jun. 23, 2022 16:37 PM EDT

NASHVILLE, Tenn. (AP) — Herb Fritch wanted to start a transition away from his role as chairman of the Nashville Predators, and he saw a former Tennessee governor as the perfect person to take over as majority owner. “We’re stable financially, we’re stable here,” Fritch...

Paul Maurice hired as new coach of the Florida Panthers

Jun. 22, 2022 18:43 PM EDT

SUNRISE, Fla. (AP) — Paul Maurice is the new coach of the Florida Panthers, agreeing on a deal Wednesday to take over a club coming off a season where it had the best record in the NHL and rewrote the franchise’s record book. The 55-year-old Maurice will be introduced Thursday...

Fanatics founder Michael Rubin selling stake in 76ers

Jun. 22, 2022 13:37 PM EDT

PHILADELPHIA (AP) — Fanatics founder Michael Rubin is selling his stake in the company that owns the Philadelphia 76ers and New Jersey Devils. Rubin, worth an estimated $8 billion according to Forbes, said on social media posts he was “s hifting from part-owner ” of the teams...

Former Tennessee governor buying majority share of Predators

Jun. 17, 2022 16:56 PM EDT

NASHVILLE, Tenn. (AP) — The chairman of the Nashville Predators has agreed to sell the majority of his stake in the NHL team to former Tennessee Gov. Bill Haslam. The Predators announced the agreement Friday. No details of the purchase price were disclosed for a franchise valued...

AP sources: Blitzer to get minority share of Guardians

Jun. 16, 2022 17:06 PM EDT

CLEVELAND (AP) — Their name changed, and now the Cleveland Guardians appear on the way to a switch in ownership. Major League Baseball approved the sale of a minority stake in the team to David Blitzer, whose sports holdings include ownership shares in the NBA's Philadelphia 76ers...

Musgrove (1.50) takes ERA lead, Padres beat Rockies 9-0

Jun. 11, 2022 01:57 AM EDT

SAN DIEGO (AP) — Joe Musgrove took over the major league earned run average lead and remained unbeaten in 11 starts, striking out eight over six innings to lead the San Diego Padres over the Colorado Rockies 9-0 on Friday night. Musgrove (7-0) allowed four hits and two walks,...

Walmart heir Rob Walton agrees to buy Broncos in record deal

Jun. 08, 2022 01:04 AM EDT

ENGLEWOOD, Colo. (AP) — The Waltons, heirs to the Walmart fortune and America's richest family, have won the bidding to purchase the Denver Broncos in the most expensive deal for a sports franchise anywhere in the world. The Broncos announced late Tuesday night they had entered...

Denver Broncos sale could come as early as this month

Jun. 06, 2022 19:18 PM EDT

ENGLEWOOD, Colo. (AP) — The Denver Broncos could have a new owner as soon as this month in what's expected to be the most expensive deal in sports history at around $4.5 billion. A second round of bids for the franchise was due Monday from prospective buyers. The...

Dodgers open with record $310M tax payroll, would owe $47M

Jun. 04, 2022 05:02 AM EDT

NEW YORK (AP) — The Los Angeles Dodgers opened the season with an all-time high $310.6 million payroll for purposes of the luxury tax and are on track to pay a record tax of nearly $47 million, according to figures compiled by Major League Baseball and obtained by The Associated Press. ...