Sacramento soccer team gets new lead investor in bid for MLS
SACRAMENTO, Calif. (AP) — Billionaire Ron Burkle has become the new lead investor in the Sacramento Republic soccer team.
Club CEO Kevin Nagle said Tuesday that Burkle's investment will help the team in its quest to move from the second-tier United Soccer League into Major League Soccer.
Sacramento is among the contenders for an expansion franchise in MLS, along with St. Louis, Phoenix and Detroit.
Penguins sign GM Rutherford to 3-year extension
PITTSBURGH (AP) — General manager Jim Rutherford is sticking with the Pittsburgh Penguins.
The team announced Wednesday it has extended Rutherford's contract through the 2021-22 season. His old deal was set to expire at the end of this season.
SANTA ANA, Calif. (AP) — Former major league pitcher Joe Sambito has sued the company that employed him as an agent, claiming wrongful termination and age discrimination.
Sambito filed the suit Wednesday in California Superior Court in Orange County against Independent Sports & Entertainment, ISE Baseball and ISE Chairman Ron Burkle along with a pair of predecessor companies.
Group led by Penguins co-owner Ron Burkle to buy Weinstein studio in $500M deal
An investor group including Pittsburgh Penguins co-owner Ron Burkle has reached a $500 million deal to buy The Weinstein Co. and save it from entering bankruptcy, Variety reported.
The film studio's financial condition spiraled after a New York Times report in October detailed decades of sexual misconduct against its co-founder and former co-chairman Harvey Weinstein. He was fired shortly after the story came out.
Investor group cancels deal to buy Weinstein Co.
NEW YORK (AP) — A group of investors pulled out of a deal to buy the beleaguered Weinstein Co. on Tuesday after discovering tens of millions of dollars in undisclosed debt, according to people familiar with the negotiations.
Businesswoman Maria Contreras-Sweet, who has been leading the group of buyers along with billionaire investor Ron Burkle, said in a statement that "disappointing information about the viability of completing this transaction" had led her to call off the sale.
NEW YORK (AP) — The Weinstein Co. revived a deal to sell its assets to a group of investors who want to transform the scandal-plagued film studio into a female-led entertainment venture, the latest twist in the company's tortured efforts to avoid bankruptcy following the downfall of Hollywood mogul Harvey Weinstein.
Uber shareholders feud over investor’s lawsuit
NEW YORK (AP) — Shareholders of Uber Technologies Inc. are feuding over a key investor's decision to sue the ride-hailing company's board and former CEO.
The Wall Street Journal (http://on.wsj.com/2vtq3Xc ) reported Friday that three shareholders wrote a letter to Benchmark Capital Partners protesting the venture capital firm's decision last week to file the lawsuit.