4 days ago
Tensions are reportedly rising behind the scenes at Old Trafford as the Glazer family grow increasingly frustrated with Sir Jim Ratcliffe's leadership. Despite the INEOS founder taking control of football operations earlier this year, the club has slumped to its worst start to a league campaign in nearly four decades.
Ratcliffe acquired a minority stake in United in 2024, a deal worth £1.2 billion that handed his INEOS group total control over football operations. The agreement included an additional £245 million injection to upgrade Old Trafford's fading infrastructure, taking his overall financial commitment to approximately £1.5bn. However, two years on, the anticipated revival has failed to materialise.
Instead of progressing, the Red Devils find themselves embroiled in a deepening crisis. They are currently enduring an eight-game winless run across all competitions, managing just a single Premier League victory so far this term. Hovering a perilous two points above the foot of the table, this represents United's poorest start to a campaign in almost 40 years.
Watching from afar, the Glazer family are reportedly astonished by the rapid decline under the new sporting regime. A source close to the American owners told the Daily Mail that the current situation is "a travesty and not what they expected or were promised." The insider added that the Glazers feel "they have never run the club this way."
The frustration runs deep, with the current hierarchy allegedly viewing the INEOS approach as a complete failure. According to ESPN, the Glazers believe Ratcliffe "couldn't have masterminded a worse situation" at Old Trafford.
#league
Ratcliffe acquired a minority stake in United in 2024, a deal worth £1.2 billion that handed his INEOS group total control over football operations. The agreement included an additional £245 million injection to upgrade Old Trafford's fading infrastructure, taking his overall financial commitment to approximately £1.5bn. However, two years on, the anticipated revival has failed to materialise.
Instead of progressing, the Red Devils find themselves embroiled in a deepening crisis. They are currently enduring an eight-game winless run across all competitions, managing just a single Premier League victory so far this term. Hovering a perilous two points above the foot of the table, this represents United's poorest start to a campaign in almost 40 years.
Watching from afar, the Glazer family are reportedly astonished by the rapid decline under the new sporting regime. A source close to the American owners told the Daily Mail that the current situation is "a travesty and not what they expected or were promised." The insider added that the Glazers feel "they have never run the club this way."
The frustration runs deep, with the current hierarchy allegedly viewing the INEOS approach as a complete failure. According to ESPN, the Glazers believe Ratcliffe "couldn't have masterminded a worse situation" at Old Trafford.
#league
27 days ago
Updated on: October 7, 2026 / 5:42 AM EDT / CBS News
London — The involvement of a small American firm linked to **** ociates of President Trump in an energy project in Bosnia and Herzegovina worth more than $1.5 billion has raised questions about how the White House could be using its leverage in the fragile Balkan state.
U.S. lawmakers accuse the Trump administration of lifting sanctions on Bosnian Serb separatist leader Milorad Dodik in an effort to enrich and empower allies of Mr. Trump, and of undermining longstanding U.S. foreign policy interests in the region in the process.
On Sunday, Mr. Trump was hailed by Dodik after his Serb nationalist party won one of Bosnia and Herzegovina's three presidency seats, which are split between Bosnia's Muslim minority, known as Bosniaks, as well as Serb and Croat ethnic groups under the country's complex power-sharing electoral system.
"If it had not been for Donald Trump's magnificent victory … we would probably be political corpses today," Dodik told supporters in a speech, in which he also thanked Russian President Vladimir Putin for his support.
#Trump #bosnia #updated
London — The involvement of a small American firm linked to **** ociates of President Trump in an energy project in Bosnia and Herzegovina worth more than $1.5 billion has raised questions about how the White House could be using its leverage in the fragile Balkan state.
U.S. lawmakers accuse the Trump administration of lifting sanctions on Bosnian Serb separatist leader Milorad Dodik in an effort to enrich and empower allies of Mr. Trump, and of undermining longstanding U.S. foreign policy interests in the region in the process.
On Sunday, Mr. Trump was hailed by Dodik after his Serb nationalist party won one of Bosnia and Herzegovina's three presidency seats, which are split between Bosnia's Muslim minority, known as Bosniaks, as well as Serb and Croat ethnic groups under the country's complex power-sharing electoral system.
"If it had not been for Donald Trump's magnificent victory … we would probably be political corpses today," Dodik told supporters in a speech, in which he also thanked Russian President Vladimir Putin for his support.
#Trump #bosnia #updated
1 month ago
Interested in Equinix, Inc.? Here are five stocks we like better.
Equinix plans to invest $5 billion to $7 billion annually in data-center development, primarily in established markets where customer demand and infrastructure needs are already visible.
The company controls about 3 gigawatts of designed power, with 600–700 megawatts under development, and is targeting cash-on-cash returns in the low 20% range with typical stabilization in two to three years.
AI adoption is accelerating among enterprise customers, driving expected demand for higher-density facilities, liquid cooling and additional interconnections; however, executives said AI-related business still represents a minority of Equinix's revenue today.
3 Stocks Built for Higher Rates—And 2 That Could Break
#higher #demand #here #built
Equinix plans to invest $5 billion to $7 billion annually in data-center development, primarily in established markets where customer demand and infrastructure needs are already visible.
The company controls about 3 gigawatts of designed power, with 600–700 megawatts under development, and is targeting cash-on-cash returns in the low 20% range with typical stabilization in two to three years.
AI adoption is accelerating among enterprise customers, driving expected demand for higher-density facilities, liquid cooling and additional interconnections; however, executives said AI-related business still represents a minority of Equinix's revenue today.
3 Stocks Built for Higher Rates—And 2 That Could Break
#higher #demand #here #built
2 months ago
Realty Income Corporation (NYSE:O) announced on September 14 a European property venture in which capital accounts advised by KKR & Co. Inc. (NYSE:KKR) intend to invest €528 million for a 49% interest. Closing is expected September 30, subject to customary conditions.
Realty Income Corporation (NYSE:O) would receive approximately €528 million in gross proceeds while retaining 51% ownership and day-to-day ******* et management. The contributed portfolio carries a 5.9% effective initial capitalization rate after recurring management fees. The question is whether redeploying the capital and earning fees can more than offset the rental economics transferred to the partner.
The venture could provide another funding source for acquisitions. Selling a minority interest in existing properties can release capital while preserving operational continuity. It also gives management an alternative when public equity or debt financing offers less attractive terms.
Management fees add a second source of income alongside retained property earnings. Realty Income Corporation (NYSE:O) could use its existing European operating platform to manage the venture, potentially spreading overhead across a broader pool of investor capital. The benefit depends on fee revenue exceeding the incremental costs of providing those services.
The structure includes a further source of potential upside. Realty Income Corporation (NYSE:O) would have an option to redeem the partner's interest after year 10 and through year 17. The redemption price would provide a capped internal rate of return, an annualized return accounting for cash-flow timing, expected at 6.3% to 6.5% and finalized at closing.
#NYSE #corporation #management #source
Realty Income Corporation (NYSE:O) would receive approximately €528 million in gross proceeds while retaining 51% ownership and day-to-day ******* et management. The contributed portfolio carries a 5.9% effective initial capitalization rate after recurring management fees. The question is whether redeploying the capital and earning fees can more than offset the rental economics transferred to the partner.
The venture could provide another funding source for acquisitions. Selling a minority interest in existing properties can release capital while preserving operational continuity. It also gives management an alternative when public equity or debt financing offers less attractive terms.
Management fees add a second source of income alongside retained property earnings. Realty Income Corporation (NYSE:O) could use its existing European operating platform to manage the venture, potentially spreading overhead across a broader pool of investor capital. The benefit depends on fee revenue exceeding the incremental costs of providing those services.
The structure includes a further source of potential upside. Realty Income Corporation (NYSE:O) would have an option to redeem the partner's interest after year 10 and through year 17. The redemption price would provide a capped internal rate of return, an annualized return accounting for cash-flow timing, expected at 6.3% to 6.5% and finalized at closing.
#NYSE #corporation #management #source
2 months ago
Democrats' wary optimism about the midterms gave way to growing confidence this week.
The party has seen strong post-Labor Day polls in key battlegrounds - and even in traditionally red areas. Recent escalations in the war in Iran, including an attack on a major pipeline in Saudi Arabia, mean the rising gas prices bedeviling Republicans will not be going down anytime soon. Republicans have not been able to bring prices under control more generally. And President Donald Trump's unpopularity is at near-record levels.
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Considering all this, Democrats now think conditions are right for the party to retake control of the House and possibly the Senate later this year.
"If the election were held today, we would win the majority," Senate Minority Leader Chuck Schumer (New York) said in an interview with The Washington Post.
#labor
The party has seen strong post-Labor Day polls in key battlegrounds - and even in traditionally red areas. Recent escalations in the war in Iran, including an attack on a major pipeline in Saudi Arabia, mean the rising gas prices bedeviling Republicans will not be going down anytime soon. Republicans have not been able to bring prices under control more generally. And President Donald Trump's unpopularity is at near-record levels.
Subscribe to The Post Most newsletter for the most important and interesting stories from The Washington Post.
Considering all this, Democrats now think conditions are right for the party to retake control of the House and possibly the Senate later this year.
"If the election were held today, we would win the majority," Senate Minority Leader Chuck Schumer (New York) said in an interview with The Washington Post.
#labor
2 months ago
Hawaiian Electric Industries, Inc. (NYSE:HE) has a potential valuation benchmark for its retained American Savings Bank investment. IPO terms reported September 9 imply approximately $1 billion of equity value at the midpoint. The proposed offering comprises approximately 7.5 million shares at $15 to $17 each.
Hawaiian Electric Industries, Inc. (NYSE:HE) sold 90.1% of the bank in December 2024 and retained 9.9%. Mechanically, a 9.9% holding at a $1 billion valuation would be worth approximately $99 million, ****** uming that ownership percentage remains unchanged.
The base offering would total approximately $120 million at the $16 midpoint before fees. That amount represents shares being sold across the offering, not proceeds automatically attributable to the retained investment.
A public listing could make the minority ****** et easier to value. For Hawaiian Electric Industries, Inc. (NYSE:HE), an observable trading price would give investors a clearer reference for estimating the holding's contribution to overall equity value.
The proposed transaction is entirely secondary, according to the detailed offering report. Existing shareholders are selling shares, so the offering itself does not dilute ownership through newly issued stock. Any change in the retained stake would depend on shareholder sales or other capital changes.
#value #million
Hawaiian Electric Industries, Inc. (NYSE:HE) sold 90.1% of the bank in December 2024 and retained 9.9%. Mechanically, a 9.9% holding at a $1 billion valuation would be worth approximately $99 million, ****** uming that ownership percentage remains unchanged.
The base offering would total approximately $120 million at the $16 midpoint before fees. That amount represents shares being sold across the offering, not proceeds automatically attributable to the retained investment.
A public listing could make the minority ****** et easier to value. For Hawaiian Electric Industries, Inc. (NYSE:HE), an observable trading price would give investors a clearer reference for estimating the holding's contribution to overall equity value.
The proposed transaction is entirely secondary, according to the detailed offering report. Existing shareholders are selling shares, so the offering itself does not dilute ownership through newly issued stock. Any change in the retained stake would depend on shareholder sales or other capital changes.
#value #million
2 months ago
Anthropic could reportedly complete an initial public offering (IPO) by early November, which could fetch a valuation of roughly $2 trillion. Amazon (NASDAQ: AMZN) and Alphabet (NASDAQ: GOOGL) (NASDAQ: GOOG) are two stocks positioned to benefit if Anthropic goes public.
Anthropic said its annualized revenue reached $47 billion in May, up from the $14 billion run rate it disclosed on Feb. 12, 2026. That helped push its valuation to $965 billion on May 28, following a $65 billion Series H round led by Altimeter Capital, Dragoneer, Greenoaks, and Sequoia Capital.
Missed Nvidia in 2009? This Rare Signal Is Flashing Again. In 2009, a "Double Down" signal flashed for a little-known chipmaker called Nvidia. For the first time in years, that same "Total Conviction" signal is flashing for a company 1/100th the size of Nvidia. Continue »
Amazon and Alphabet hold minority stakes, providing investors with some exposure to Claude's growth. Moreover, if Anthropic does go public, it could raise additional capital to support the massive compute commitments it's already making with Amazon and Google.
In its second-quarter earnings release, Amazon reported that net income surged 244% year over year to $62.6 billion. A key driver was a $53.4 billion non-operating pre-tax gain recognized as "other income," which the company attributed primarily to its investment in Anthropic. This gain reflected the recent increase in valuation for Anthropic following its latest funding round. The gain represented 2% of Amazon's market cap at the time of the second-quarter earnings release.
#NVIDIA #capital #signal #valuation
Anthropic said its annualized revenue reached $47 billion in May, up from the $14 billion run rate it disclosed on Feb. 12, 2026. That helped push its valuation to $965 billion on May 28, following a $65 billion Series H round led by Altimeter Capital, Dragoneer, Greenoaks, and Sequoia Capital.
Missed Nvidia in 2009? This Rare Signal Is Flashing Again. In 2009, a "Double Down" signal flashed for a little-known chipmaker called Nvidia. For the first time in years, that same "Total Conviction" signal is flashing for a company 1/100th the size of Nvidia. Continue »
Amazon and Alphabet hold minority stakes, providing investors with some exposure to Claude's growth. Moreover, if Anthropic does go public, it could raise additional capital to support the massive compute commitments it's already making with Amazon and Google.
In its second-quarter earnings release, Amazon reported that net income surged 244% year over year to $62.6 billion. A key driver was a $53.4 billion non-operating pre-tax gain recognized as "other income," which the company attributed primarily to its investment in Anthropic. This gain reflected the recent increase in valuation for Anthropic following its latest funding round. The gain represented 2% of Amazon's market cap at the time of the second-quarter earnings release.
#NVIDIA #capital #signal #valuation
2 months ago
The Trump administration has cut or frozen up to $177 billion in federal grants since the president took office for his second term, according to a tracking tool released Wednesday by a pro-democracy nonprofit and a group of researchers and scientists.
The cuts affected all 50 states and the District of Columbia, with health, nutrition, the environment and disaster relief making up the largest share of cuts, the States United Democracy Center and Grant Witness organization found.
Among the grants that were eliminated, frozen or delayed were ones related to maternal health in Michigan, education research in Mississippi and ***** istance to minority farmers in Iowa, the researchers found. California, Texas, New York, Illinois and North Carolina saw the highest amounts of interrupted grant money. The tracking tool is called Lost Funds.
"By bringing thousands of funding disruptions from the Trump administration together in a publicly accessible, verified database, Lost Funds puts the magnitude of their impact on full display," Scott Delaney, co-founder of Grant Witness, said in a statement.
The $177 billion finding represents nearly 10% of federal discretionary spending, the groups said.
#administration
The cuts affected all 50 states and the District of Columbia, with health, nutrition, the environment and disaster relief making up the largest share of cuts, the States United Democracy Center and Grant Witness organization found.
Among the grants that were eliminated, frozen or delayed were ones related to maternal health in Michigan, education research in Mississippi and ***** istance to minority farmers in Iowa, the researchers found. California, Texas, New York, Illinois and North Carolina saw the highest amounts of interrupted grant money. The tracking tool is called Lost Funds.
"By bringing thousands of funding disruptions from the Trump administration together in a publicly accessible, verified database, Lost Funds puts the magnitude of their impact on full display," Scott Delaney, co-founder of Grant Witness, said in a statement.
The $177 billion finding represents nearly 10% of federal discretionary spending, the groups said.
#administration
2 months ago
Congressional Republicans have a plan to pass key portions of the Safeguarding American Voter Eligibility (SAVE) America Act before the end of this year.
The election integrity bill backed by President Donald Trump and fiercely opposed by Democrats has stalled in Congress, where Senate Majority Leader John Thune, R-S.D., has been reluctant to call it up for a vote, given that it's all but ***** ured to fail.
At least several Democrats would be needed to reach the Senate's 60-vote threshold to break a filibuster. But left-wing lawmakers in the House and Senate have panned the legislation as an attempt to sow doubt in U.S. elections at best and voter suppression at worst.
Speaker Mike Johnson, R-La., is now pushing Republicans to pass the bill's main mandates via the budget reconciliation process, which allows the party in power to pass sweeping fiscal policy without input from the minority due to its sidelining of the Senate filibuster. Rep. Bryan Steil, R-Wis., chairman of the Committee on House Administration, is tasked with overseeing how that part of the bill gets done.
Trump Questions Thune's Leadership As Save America Act Stalls
#Trump #bill
The election integrity bill backed by President Donald Trump and fiercely opposed by Democrats has stalled in Congress, where Senate Majority Leader John Thune, R-S.D., has been reluctant to call it up for a vote, given that it's all but ***** ured to fail.
At least several Democrats would be needed to reach the Senate's 60-vote threshold to break a filibuster. But left-wing lawmakers in the House and Senate have panned the legislation as an attempt to sow doubt in U.S. elections at best and voter suppression at worst.
Speaker Mike Johnson, R-La., is now pushing Republicans to pass the bill's main mandates via the budget reconciliation process, which allows the party in power to pass sweeping fiscal policy without input from the minority due to its sidelining of the Senate filibuster. Rep. Bryan Steil, R-Wis., chairman of the Committee on House Administration, is tasked with overseeing how that part of the bill gets done.
Trump Questions Thune's Leadership As Save America Act Stalls
#Trump #bill
2 months ago
Sept 13 (Reuters) - Former U.S. President Barack Obama has warned that artificial intelligence could be "dangerous" if not properly managed, and urged Democrats to frame policy and governance agendas to tackle the issue, the New York Times said on Sunday.
The remarks at a recent private fundraising event come as growing numbers of U.S. lawmakers call for tougher rules on AI systems after dire warnings from two Anthropic researchers that rapid industry progress risks extinction of the human race.
"This is something that is moving very fast in private hands, and if we don't get on top of it, I think can be dangerous," the newspaper quoted Obama as saying on Thursday.
Citing a partial transcript of remarks from Obama's office, the paper said he encouraged House Minority Leader Hakeem Jeffries to help shape a public conversation on AI policy if Democrats regained the House in midterm elections on November 3.
"Once you are speaker, I would strongly urge that the Democrats put together a framework for a very public conversation," Obama told Jeffries, the paper added.
#obama #democrats #private
The remarks at a recent private fundraising event come as growing numbers of U.S. lawmakers call for tougher rules on AI systems after dire warnings from two Anthropic researchers that rapid industry progress risks extinction of the human race.
"This is something that is moving very fast in private hands, and if we don't get on top of it, I think can be dangerous," the newspaper quoted Obama as saying on Thursday.
Citing a partial transcript of remarks from Obama's office, the paper said he encouraged House Minority Leader Hakeem Jeffries to help shape a public conversation on AI policy if Democrats regained the House in midterm elections on November 3.
"Once you are speaker, I would strongly urge that the Democrats put together a framework for a very public conversation," Obama told Jeffries, the paper added.
#obama #democrats #private
2 months ago
Umios, the ******* anese seafood giant previously trading as Maruha Nichiro, has made another investment in Southeast Asia with a stake in Pataya Food Industries.
Tokyo-listed Umios is taking a 25.1% stake in Thailand's Pataya Food Industries (PFI), which was set up in 1979 and manufactures branded seafood and pet-food products, as well as acting as a B2B supplier in Asia.
Based in the capital Bangkok, PFI has a capitalisation of Bt280m ($8.4m), according to Umios, which did not disclose the target purchase price for the minority interest.
The transaction is being conducted through the Umios group firm Kingfisher Holdings.
Umios said in a statement the deal and "alliance" with PFI will "expand the group's portfolio of processed foods and other products, as well as its sales channels in Asia, advancing the local strategy set out in its long-term vision".
#pataya #industries #seafood #well
Tokyo-listed Umios is taking a 25.1% stake in Thailand's Pataya Food Industries (PFI), which was set up in 1979 and manufactures branded seafood and pet-food products, as well as acting as a B2B supplier in Asia.
Based in the capital Bangkok, PFI has a capitalisation of Bt280m ($8.4m), according to Umios, which did not disclose the target purchase price for the minority interest.
The transaction is being conducted through the Umios group firm Kingfisher Holdings.
Umios said in a statement the deal and "alliance" with PFI will "expand the group's portfolio of processed foods and other products, as well as its sales channels in Asia, advancing the local strategy set out in its long-term vision".
#pataya #industries #seafood #well
2 months ago
Reuters reported that McKesson Corporation (NYSE:MCK) said it would buy privately held Precision Medicine Group in a deal valued at about $2.25 billion as part of a "years-long effort to strengthen its higher-growth businesses."
McKesson has been reshaping its portfolio by exiting non-core **** ets and streamlining its operations while investing in businesses such as oncology and specialty care. Precision Medicine Group, based in Bethesda, Maryland, provides clinical research, laboratory testing, and commercialization services that help biopharma companies develop and launch new medicines. It will become part of McKesson's Oncology & Multispecialty segment once the deal closes, though McKesson gave no completion timeline. CEO Brian Tyler said the acquisition would "enhance our clinical research and commercialization services, strengthen clinical trial execution, and broaden our clinical service offerings."
The deal fits neatly into a growth strategy McKesson Corporation (NYSE:MCK) has already been executing, not a scattershot bet. The company has spent recent years exiting non-core **** ets while specifically building out oncology and specialty care. It means this acquisition extends a strategy management has already proven willing to follow through on.
McKesson is adding Precision Medicine to its strongest-performing division rather than using the acquisition to revive a struggling business. Revenue in the Oncology & Multispecialty segment jumped 33% to $14.2 billion in the first quarter of fiscal 2026, while JP Morgan **** yst Lisa Gill said the acquisition will likely strengthen McKesson's biopharma offerings.
The purchase reflects disciplined capital recycling, not new debt-fueled expansion. McKesson said in April it would sell a minority stake in its medical-surgical solutions business to Apollo Funds for $1.25 billion while pursuing an IPO for that unit, showing the company is actively shedding slower-growth **** ets to help fund investments like this one.
#medicine #acquisition #deal
McKesson has been reshaping its portfolio by exiting non-core **** ets and streamlining its operations while investing in businesses such as oncology and specialty care. Precision Medicine Group, based in Bethesda, Maryland, provides clinical research, laboratory testing, and commercialization services that help biopharma companies develop and launch new medicines. It will become part of McKesson's Oncology & Multispecialty segment once the deal closes, though McKesson gave no completion timeline. CEO Brian Tyler said the acquisition would "enhance our clinical research and commercialization services, strengthen clinical trial execution, and broaden our clinical service offerings."
The deal fits neatly into a growth strategy McKesson Corporation (NYSE:MCK) has already been executing, not a scattershot bet. The company has spent recent years exiting non-core **** ets while specifically building out oncology and specialty care. It means this acquisition extends a strategy management has already proven willing to follow through on.
McKesson is adding Precision Medicine to its strongest-performing division rather than using the acquisition to revive a struggling business. Revenue in the Oncology & Multispecialty segment jumped 33% to $14.2 billion in the first quarter of fiscal 2026, while JP Morgan **** yst Lisa Gill said the acquisition will likely strengthen McKesson's biopharma offerings.
The purchase reflects disciplined capital recycling, not new debt-fueled expansion. McKesson said in April it would sell a minority stake in its medical-surgical solutions business to Apollo Funds for $1.25 billion while pursuing an IPO for that unit, showing the company is actively shedding slower-growth **** ets to help fund investments like this one.
#medicine #acquisition #deal
2 months ago
It's been a season of big changes for the Colorado Rockies, and tonight is no different. According to Woody Paige of the Denver Gazette, ******* and Charlie Monfort may be planning to sell even more of the team to the Penner Sports Group, who joined the ownership group in April by purchasing 40% of the club.
Paige writes, "According to multiple sources, the Penners and Waltons intend to take over the 30-season-old club when and if Major League Baseball returns sometime in 2027." They are looking to purchase 35% more of the team, bringing their total ownership stake to 75%. However, the Monforts will likely remain on as minority owners, keeping around 20%, according to Paige.
This comes on the heels of Stan Kroenke buying the Angels, after apparently trying to buy the Rockies.
This is a developing story and Purple Row will provide more information as it becomes available.
Sign up for a user account and get:
#Colorado
Paige writes, "According to multiple sources, the Penners and Waltons intend to take over the 30-season-old club when and if Major League Baseball returns sometime in 2027." They are looking to purchase 35% more of the team, bringing their total ownership stake to 75%. However, the Monforts will likely remain on as minority owners, keeping around 20%, according to Paige.
This comes on the heels of Stan Kroenke buying the Angels, after apparently trying to buy the Rockies.
This is a developing story and Purple Row will provide more information as it becomes available.
Sign up for a user account and get:
#Colorado
2 months ago
Texas billionaire Dan Friedkin and The Friedkin Group (TFG) seem to be intently
focused on spinning multiple business deals involving sports franchises across two continents, whether to buy or sell.
Negotiations are currently underway between TFG, a prominent player in global sports investment that manages its multi-club portfolio through its Houston-based division, Pursuit Sports, and representatives from Houston and Austin. The group is awaiting agreement on terms and the approval of the NHL Board of Governors to establish a team in either city by the end of 2026.
But now Friedkin has another move in play, potentially selling a minority stake in Everton Football Club in the English Premier League. According to The Athletic, the idea is to find strategic investors who can help push the club forward.
However, a former Everton top executive believes that a full sale of the club is on the table, given the recent struggles to appease supporters and a catastrophic summer transfer window in which multiple top players left while the club acquired undesirable players in return.
#club #everton #multiple
focused on spinning multiple business deals involving sports franchises across two continents, whether to buy or sell.
Negotiations are currently underway between TFG, a prominent player in global sports investment that manages its multi-club portfolio through its Houston-based division, Pursuit Sports, and representatives from Houston and Austin. The group is awaiting agreement on terms and the approval of the NHL Board of Governors to establish a team in either city by the end of 2026.
But now Friedkin has another move in play, potentially selling a minority stake in Everton Football Club in the English Premier League. According to The Athletic, the idea is to find strategic investors who can help push the club forward.
However, a former Everton top executive believes that a full sale of the club is on the table, given the recent struggles to appease supporters and a catastrophic summer transfer window in which multiple top players left while the club acquired undesirable players in return.
#club #everton #multiple
2 months ago
Anti-Israel journalist Rula Jebreal apologized "unconditionally" after calling House Minority Leader Hakeem Jeffries, D-N.Y., an "AIPAC monkey" during an interview earlier this week, a remark the Congressional Black Caucus and several Democratic lawmakers condemned as blatantly racist.
The comment came as Jebreal appeared on Wajahat Ali's "The Left Hook" podcast Wednesday and accused Jeffries, who is Black, of carrying out the agenda of the American Israel Public Affairs Committee (AIPAC) and blasted his support for Israel.
"His name is Hakeem. 'Hakeem' is an Arabic name which means 'healer.' He's not a healer, he's a divider," Jebreal said.
Left-wing Podcaster Blasts Schumer, Jeffries As 'Fascist Collaborators'
Rula Jebreal speaks during a conference on the situation in the Gaza Strip in Parma, Italy, July 3, 2025.
#name
The comment came as Jebreal appeared on Wajahat Ali's "The Left Hook" podcast Wednesday and accused Jeffries, who is Black, of carrying out the agenda of the American Israel Public Affairs Committee (AIPAC) and blasted his support for Israel.
"His name is Hakeem. 'Hakeem' is an Arabic name which means 'healer.' He's not a healer, he's a divider," Jebreal said.
Left-wing Podcaster Blasts Schumer, Jeffries As 'Fascist Collaborators'
Rula Jebreal speaks during a conference on the situation in the Gaza Strip in Parma, Italy, July 3, 2025.
#name
2 months ago
Gabelli Investment Management Firm recently released its "Global Content & Connectivity Fund" second-quarter 2026 investor letter. A copy of the letter can be downloaded here. The Fund delivered a strong second quarter of 2026, with its Class I shares gaining 12.88%, more than double the 6.02% return of the MSCI AC World Communication Services Index, though trailing the broader MSCI AC World Index's 15.06% gain. The fund's performance reflected renewed investor interest in AI-related investments, easing tensions in the Middle East, and lower Brent crude prices, with Information Technology gaining 39.2% and Communication Services advancing 6.0% during the quarter. Over the past year, the fund gained 25.50%, compared with 13.06% for its communication-services benchmark and 24.16% for the MSCI AC World Index. Looking ahead, Gabelli remains constructive on the long-term opportunities created by AI adoption, expanding digital infrastructure, connectivity, and the continued growth of content and entertainment, while recognizing that higher interest rates, geopolitical tensions, and the sustainability of AI-related spending could create volatility. In addition, please check the Fund's top five holdings to know its best picks in 2026.
In its second-quarter 2026 investor letter, Global Content & Connectivity Fund highlighted stocks like Rogers Communications Inc. (NYSE:RCI). Rogers Communications Inc. (NYSE:RCI) is a Canadian communications and media company with major wireless, cable, sports, and regional media businesses. The one-month return of Rogers Communications Inc. (NYSE:RCI) was 8.38% while its shares traded between $31.38 and $41.14 over the last 52 weeks. On September 3, 2026, Rogers Communications Inc. (NYSE:RCI) stock closed at approximately $38.00 per share, with a market capitalization of about $20.27 billion.
Global Content & Connectivity Fund stated the following regarding Rogers Communications Inc. (NYSE:RCI) in its Q2 2026 investor letter:
Rogers Communications Inc. (NYSE:RCI) (3.2%) (RCI – $32.50 – NYSE) owns the largest wireless operator and the largest cable MSO in Canada as well as a media business with a focus on sports and regional TV and radio, including ownership of Toronto Blue Jays baseball club and a controlling interest in Maple Leaf Sports & Entertainment (MLSE). In July 2026, Rogers agreed to purchase the remaining 25% stake in MLSE (the owner of the Toronto Maple Leafs, Toronto Raptors, Toronto FC) from Kilmer Sports for C$4.35 billion, which will increase RCI's interest in that entity to 100%. RCI continues focusing on unlocking value from its vast sports portfolio, with next steps likely including combining all sports and media **** ets into a single organization and selling a sizeable minority interest in that entity to institutional investors.
#NYSE
In its second-quarter 2026 investor letter, Global Content & Connectivity Fund highlighted stocks like Rogers Communications Inc. (NYSE:RCI). Rogers Communications Inc. (NYSE:RCI) is a Canadian communications and media company with major wireless, cable, sports, and regional media businesses. The one-month return of Rogers Communications Inc. (NYSE:RCI) was 8.38% while its shares traded between $31.38 and $41.14 over the last 52 weeks. On September 3, 2026, Rogers Communications Inc. (NYSE:RCI) stock closed at approximately $38.00 per share, with a market capitalization of about $20.27 billion.
Global Content & Connectivity Fund stated the following regarding Rogers Communications Inc. (NYSE:RCI) in its Q2 2026 investor letter:
Rogers Communications Inc. (NYSE:RCI) (3.2%) (RCI – $32.50 – NYSE) owns the largest wireless operator and the largest cable MSO in Canada as well as a media business with a focus on sports and regional TV and radio, including ownership of Toronto Blue Jays baseball club and a controlling interest in Maple Leaf Sports & Entertainment (MLSE). In July 2026, Rogers agreed to purchase the remaining 25% stake in MLSE (the owner of the Toronto Maple Leafs, Toronto Raptors, Toronto FC) from Kilmer Sports for C$4.35 billion, which will increase RCI's interest in that entity to 100%. RCI continues focusing on unlocking value from its vast sports portfolio, with next steps likely including combining all sports and media **** ets into a single organization and selling a sizeable minority interest in that entity to institutional investors.
#NYSE
2 months ago
Americold Realty Trust, Inc. (NYSE:COLD) completed a cold-storage joint venture with EQT's Active Core Infrastructure fund covering 12 U.S. temperature-controlled warehouses with more than $1.3 billion of gross ***** et value. EQT acquired 70% of Americold-EQT Cold Storage Partnership, while Americold Realty Trust, Inc. (NYSE:COLD) retained 30% and became the day-to-day manager.
Americold Realty Trust, Inc. (NYSE:COLD) received approximately $1.1 billion of net cash proceeds and intends to use the cash to repay outstanding consolidated debt. Based on rounded announced figures, the proceeds equal approximately 25% of the latest reported net debt of $4.4 billion. Americold Realty Trust, Inc. (NYSE:COLD) projects that the eventual debt repayment will reduce annual interest expense by approximately $46 million and lower leverage by roughly 0.75 turn.
The structure remains more complicated than a simple ***** et sale. The joint venture drew $845.5 million under mortgage financing at closing. Americold Realty Trust, Inc. (NYSE:COLD) and EQT each appoint three members to the six-person board. Americold Realty Trust, Inc. (NYSE:COLD) also has maximum net exposure of up to $70 million under a 10-year income-support arrangement if specified performance thresholds are not achieved.
Those savings should offset part of the surrendered income while improving financial flexibility and reducing refinancing pressure.
Americold Realty Trust, Inc. (NYSE:COLD) retains exposure to distributions and appreciation through the 30% ownership interest. The management role preserves operating continuity, while equal board representation provides governance influence despite the minority economic stake.
#americold #trust #NYSE #debt
Americold Realty Trust, Inc. (NYSE:COLD) received approximately $1.1 billion of net cash proceeds and intends to use the cash to repay outstanding consolidated debt. Based on rounded announced figures, the proceeds equal approximately 25% of the latest reported net debt of $4.4 billion. Americold Realty Trust, Inc. (NYSE:COLD) projects that the eventual debt repayment will reduce annual interest expense by approximately $46 million and lower leverage by roughly 0.75 turn.
The structure remains more complicated than a simple ***** et sale. The joint venture drew $845.5 million under mortgage financing at closing. Americold Realty Trust, Inc. (NYSE:COLD) and EQT each appoint three members to the six-person board. Americold Realty Trust, Inc. (NYSE:COLD) also has maximum net exposure of up to $70 million under a 10-year income-support arrangement if specified performance thresholds are not achieved.
Those savings should offset part of the surrendered income while improving financial flexibility and reducing refinancing pressure.
Americold Realty Trust, Inc. (NYSE:COLD) retains exposure to distributions and appreciation through the 30% ownership interest. The management role preserves operating continuity, while equal board representation provides governance influence despite the minority economic stake.
#americold #trust #NYSE #debt
2 months ago
Switzerland's IDAK Food Group is offloading potato products and snacks manufacturer Kadi to local private-equity firm Invision.
Zug-based Invision will hold a majority stake in Kadi, while the company's management will retain a minority holding.
Kadi, based in Langenthal, was the core ****** et behind the strategy that led to the creation of the current IDAK Food Group.
Invision and fellow private-equity firm Nord Holding acquired a majority stake in the business in 2018.
The investors then used Kadi as the platform to build IDAK Food Group into a pan-European frozen-food group.
#Food
Zug-based Invision will hold a majority stake in Kadi, while the company's management will retain a minority holding.
Kadi, based in Langenthal, was the core ****** et behind the strategy that led to the creation of the current IDAK Food Group.
Invision and fellow private-equity firm Nord Holding acquired a majority stake in the business in 2018.
The investors then used Kadi as the platform to build IDAK Food Group into a pan-European frozen-food group.
#Food
2 months ago
Tom Brady was among the notable faces in the crowd when Texas volleyball faced Nebraska on Aug. 30, but one moment involving the former NFL quarterback drew particular attention.
Brady, a minority owner of the Las Vegas Raiders, attended the match with his daughter, Vivian. During the event, he was seen embracing Nebraska outside hitter Harper Murray.
For Texas fans wondering about the connection, it goes back to Michigan football.
Brady, a seven-time Super Bowl winner, played quarterback at Michigan from 1995 to 1999 before he was selected in the sixth round of the 2000 NFL draft.
Murray's father, Vada Murray, also played for the Wolverines. He was a defensive back at Michigan from 1988 to 1990.
#Nebraska #murray #back #vegas
Brady, a minority owner of the Las Vegas Raiders, attended the match with his daughter, Vivian. During the event, he was seen embracing Nebraska outside hitter Harper Murray.
For Texas fans wondering about the connection, it goes back to Michigan football.
Brady, a seven-time Super Bowl winner, played quarterback at Michigan from 1995 to 1999 before he was selected in the sixth round of the 2000 NFL draft.
Murray's father, Vada Murray, also played for the Wolverines. He was a defensive back at Michigan from 1988 to 1990.
#Nebraska #murray #back #vegas
2 months ago
The Mavericks' minority owner, Mark Cuban, reacted to the NBA's recent verdict in the Kawhi Leonard salary-cap circumvention controversy with the Clippers.
"Congrats, Pablo," wrote Cuban on X.
NBA fans took to social media and saw the billionaire businessman's two-word response. They flooded the comment section with criticism, calling Cuban out for backtracking on his comments about Pablo Torre, the investigative journalist who first reported the story.
"Not sure how you thought they were innocent. This smelled like rotting fish from the beginning."
"Man…you were so wrong in this one. Always side with the smarter people…Pablo is much smarter than Ballmer. And Pablo actually works for a living."
#pablo #smarter #kawhi #torre
"Congrats, Pablo," wrote Cuban on X.
NBA fans took to social media and saw the billionaire businessman's two-word response. They flooded the comment section with criticism, calling Cuban out for backtracking on his comments about Pablo Torre, the investigative journalist who first reported the story.
"Not sure how you thought they were innocent. This smelled like rotting fish from the beginning."
"Man…you were so wrong in this one. Always side with the smarter people…Pablo is much smarter than Ballmer. And Pablo actually works for a living."
#pablo #smarter #kawhi #torre
2 months ago
Another Premier League season is officially underway, and despite the usual dose of high hopes for Chelsea, the flagship football club finds itself embroiled in more uncertainty than it ever expected.
Minority stakeholders Mark Walter and Todd Boehly, who own a combined 26 percent (13 percent apiece) of Chelsea, are reportedly in talks to sell their shares to Clearlake Capital, which already controls around 61.5 percent of the franchise. To be sure, the talks between Boehly and Clearlake, specifically, are not new. The sides have discussed an ownership stake exchange in the past, albeit to no avail.
This time around, however, another is added to the equation: Walter, who recently sold the NBA's Los Angeles Lakers and also owns MLB's Los Angeles Dodgers, is under federal investigation for misreporting what's known as related-party loans among his own business ventures. Though nothing has been finalized, Walter's dilemma injects previously unheard-of urgency into the equation.
The news is another blow to Chelsea fans who have grown to distrust the current ownership regime. Their skepticism is not without merit, either. Just as sports betting enthusiasts will search "Is Betonline legit" when shopping around for a place to make wagers, they along with the EPL at large probably need to be wondering whether this Chelsea ownership group is, in fact, built to lead the club into the future.
While Walter's current legal situation raises all sorts of red flags as purchase talks continue, this is far from the first time these parties have found themselves battling murky circumstances.
#Chelsea #walter
Minority stakeholders Mark Walter and Todd Boehly, who own a combined 26 percent (13 percent apiece) of Chelsea, are reportedly in talks to sell their shares to Clearlake Capital, which already controls around 61.5 percent of the franchise. To be sure, the talks between Boehly and Clearlake, specifically, are not new. The sides have discussed an ownership stake exchange in the past, albeit to no avail.
This time around, however, another is added to the equation: Walter, who recently sold the NBA's Los Angeles Lakers and also owns MLB's Los Angeles Dodgers, is under federal investigation for misreporting what's known as related-party loans among his own business ventures. Though nothing has been finalized, Walter's dilemma injects previously unheard-of urgency into the equation.
The news is another blow to Chelsea fans who have grown to distrust the current ownership regime. Their skepticism is not without merit, either. Just as sports betting enthusiasts will search "Is Betonline legit" when shopping around for a place to make wagers, they along with the EPL at large probably need to be wondering whether this Chelsea ownership group is, in fact, built to lead the club into the future.
While Walter's current legal situation raises all sorts of red flags as purchase talks continue, this is far from the first time these parties have found themselves battling murky circumstances.
#Chelsea #walter
2 months ago
ONEOK, Inc. (NYSE:OKE) has agreed to acquire Brazos Midstream's Permian Midland Basin natural-gas gathering and processing ***** ets for $4.425 billion in cash. The deal is being paired with a $9 billion nonvoting minority equity investment from Apollo, of which ONEOK plans to use about $5 billion to reduce existing debt. ONEOK expects the acquisition to be immediately accretive to earnings and free cash flow per share.
The transaction would more than double ONEOK, Inc. (NYSE:OKE)'s Midland Basin processing capacity to approximately 2.3 Bcf/d, including plants already under construction. The acquired platform includes roughly 700 miles of gathering infrastructure, 1.2 Bcf/d of processing capacity after the Cassidy II plant is completed, and approximately 600,000 dedicated acres backed by fixed-fee contracts with more than 12 years of weighted-average remaining term.
The biggest attraction is the quality and location of the ***** ets. The Permian remains one of the most economically important oil and gas-producing regions in the U.S., and the Brazos system gives ONEOK, Inc. (NYSE:OKE) additional exposure to ***** ociated natural-gas volumes generated by oil production. The acquired ***** ets are supported by 14 active drilling rigs operated by producers including ExxonMobil, Diamondback Energy, and Double Eagle. The long-term contracts provide ONEOK with considerable visibility into future volumes and cash flows. That makes this more than a simple capacity expansion. ONEOK is effectively adding infrastructure that can grow alongside production on the dedicated acreage.
The ***** ets fit closely with ONEOK's existing gathering, processing, NGL transportation and crude infrastructure. That creates an opportunity to extract more value from the same barrels and molecules as they move through ONEOK's network.
The company expects to connect the Brazos system with downstream ***** ets such as its West Texas NGL Pipeline and the Medford NGL fractionation facility. This broader integration could produce commercial and operational efficiencies that an independent owner of the ***** ets might not be able to capture. ONEOK estimates about $80 million of full-year synergies in its 2027 EBITDA calculation and expects additional commercial and capital efficiencies as the systems are integrated.
#cash #expects
The transaction would more than double ONEOK, Inc. (NYSE:OKE)'s Midland Basin processing capacity to approximately 2.3 Bcf/d, including plants already under construction. The acquired platform includes roughly 700 miles of gathering infrastructure, 1.2 Bcf/d of processing capacity after the Cassidy II plant is completed, and approximately 600,000 dedicated acres backed by fixed-fee contracts with more than 12 years of weighted-average remaining term.
The biggest attraction is the quality and location of the ***** ets. The Permian remains one of the most economically important oil and gas-producing regions in the U.S., and the Brazos system gives ONEOK, Inc. (NYSE:OKE) additional exposure to ***** ociated natural-gas volumes generated by oil production. The acquired ***** ets are supported by 14 active drilling rigs operated by producers including ExxonMobil, Diamondback Energy, and Double Eagle. The long-term contracts provide ONEOK with considerable visibility into future volumes and cash flows. That makes this more than a simple capacity expansion. ONEOK is effectively adding infrastructure that can grow alongside production on the dedicated acreage.
The ***** ets fit closely with ONEOK's existing gathering, processing, NGL transportation and crude infrastructure. That creates an opportunity to extract more value from the same barrels and molecules as they move through ONEOK's network.
The company expects to connect the Brazos system with downstream ***** ets such as its West Texas NGL Pipeline and the Medford NGL fractionation facility. This broader integration could produce commercial and operational efficiencies that an independent owner of the ***** ets might not be able to capture. ONEOK estimates about $80 million of full-year synergies in its 2027 EBITDA calculation and expects additional commercial and capital efficiencies as the systems are integrated.
#cash #expects
2 months ago
The House of Representatives passed a resolution condemning socialism on Tuesday evening, with all but eight House Democrats voting against it.
In a stunning twist of fate, however, the vote would not have occurred if two House Democrats hadn't stepped in hours earlier to help the GOP through a procedural hurdle — blindsiding House Minority Leader Hakeem Jeffries, D-N.Y., in the process.
Jeffries later threatened consequences for the pair in a dramatic statement late on Tuesday night, calling their move a "breach of trust."
The resolution passed 220 to 192 with all "no" votes coming from the left, including Democrats' senior leaders: House Minority Leader Hakeem Jeffries, D-N.Y., House Minority Whip Katherine Clark, D-Mass., and House Democratic Caucus Chair Pete Aguilar, D-Calif.
Johnson Scores Win As Conservative Rebels End House Floor Blockade Over Voter Id Bill
#House #minority #resolution
In a stunning twist of fate, however, the vote would not have occurred if two House Democrats hadn't stepped in hours earlier to help the GOP through a procedural hurdle — blindsiding House Minority Leader Hakeem Jeffries, D-N.Y., in the process.
Jeffries later threatened consequences for the pair in a dramatic statement late on Tuesday night, calling their move a "breach of trust."
The resolution passed 220 to 192 with all "no" votes coming from the left, including Democrats' senior leaders: House Minority Leader Hakeem Jeffries, D-N.Y., House Minority Whip Katherine Clark, D-Mass., and House Democratic Caucus Chair Pete Aguilar, D-Calif.
Johnson Scores Win As Conservative Rebels End House Floor Blockade Over Voter Id Bill
#House #minority #resolution
2 months ago
Brennan **** et Management recently released its Q2 2026 investor letter. The letter can be downloaded here. Investors were optimistic about a potential truce with Iran, highlighted by a mid-June memorandum for negotiations on regional security and sanctions, causing oil prices to drop and the market to rally. Despite geopolitical uncertainties, investors remain focused on a surge in AI infrastructure spending, which is expected to heavily influence the global economy, although questions about the returns from this investment loom. Overall, the S&P 500 remains at high valuations, seemingly unfazed by these challenges, while there are few pockets of value left, mostly outside the U.S. market. Also, check the fund's top five holdings to see its best picks in 2026.
In its second-quarter 2026 investor letter, Brennan **** et Management highlighted Millicom International Cellular S.A. (NASDAQ:TIGO) as a notable contributor. Millicom International Cellular S.A. (NASDAQ:TIGO) is a telecommunications and media company that provides cable and mobile services in Latin America. On August 28, 2026, Millicom International Cellular S.A. (NASDAQ:TIGO) stock closed at $93.38 per share. The one-month return of Millicom International Cellular S.A. (NASDAQ:TIGO) was -1.10%, and its shares gained 93.04% over the past 52 weeks. Millicom International Cellular S.A. (NASDAQ:TIGO) has a market capitalization of $15.64 billion.
Brennan **** et Management stated the following regarding Millicom International Cellular S.A. (NASDAQ:TIGO) in its Q2 2026 investor letter:
"Millicom International Cellular S.A. (NASDAQ:TIGO) and GTX operate in vastly different businesses, but our investment journey with each shares some similarities. We believe that both are good businesses. TIGO is an oligopoly of an essential service (broadband and cell phone). Meanwhile, GTX is an oligopoly provider of turbochargers to the automotive industry with a potentially valuable new product portfolio focused on industrial and electric vehicle (EV) markets. At the time of purchase, both stocks were hated and exceptionally cheap. TIGO operated in riskier Central and South American markets and had a mixed operating history (to be kind). The prior management team executed a fantastic acquisition (buyout of minority partner in Guatemala) but funded it via a rights offering at stock prices ~60% below where the deal was announced. GTX was a post bankruptcy special situation name, and we initially bought preferred shares that ultimately were forcefully converted to common stock. As EV sales expanded across the world, there was understandable concern that GTX's core turbocharger business was at risk and huge uncertainty arose about whether the company could ever crack the EV market. At the time of purchase TIGO traded for ~17% forward free cash flow yield (post rights offering) while GTX sported valuations only slightly higher…." (Click here to read the full text)
#tigo #asset #letter #market
In its second-quarter 2026 investor letter, Brennan **** et Management highlighted Millicom International Cellular S.A. (NASDAQ:TIGO) as a notable contributor. Millicom International Cellular S.A. (NASDAQ:TIGO) is a telecommunications and media company that provides cable and mobile services in Latin America. On August 28, 2026, Millicom International Cellular S.A. (NASDAQ:TIGO) stock closed at $93.38 per share. The one-month return of Millicom International Cellular S.A. (NASDAQ:TIGO) was -1.10%, and its shares gained 93.04% over the past 52 weeks. Millicom International Cellular S.A. (NASDAQ:TIGO) has a market capitalization of $15.64 billion.
Brennan **** et Management stated the following regarding Millicom International Cellular S.A. (NASDAQ:TIGO) in its Q2 2026 investor letter:
"Millicom International Cellular S.A. (NASDAQ:TIGO) and GTX operate in vastly different businesses, but our investment journey with each shares some similarities. We believe that both are good businesses. TIGO is an oligopoly of an essential service (broadband and cell phone). Meanwhile, GTX is an oligopoly provider of turbochargers to the automotive industry with a potentially valuable new product portfolio focused on industrial and electric vehicle (EV) markets. At the time of purchase, both stocks were hated and exceptionally cheap. TIGO operated in riskier Central and South American markets and had a mixed operating history (to be kind). The prior management team executed a fantastic acquisition (buyout of minority partner in Guatemala) but funded it via a rights offering at stock prices ~60% below where the deal was announced. GTX was a post bankruptcy special situation name, and we initially bought preferred shares that ultimately were forcefully converted to common stock. As EV sales expanded across the world, there was understandable concern that GTX's core turbocharger business was at risk and huge uncertainty arose about whether the company could ever crack the EV market. At the time of purchase TIGO traded for ~17% forward free cash flow yield (post rights offering) while GTX sported valuations only slightly higher…." (Click here to read the full text)
#tigo #asset #letter #market
2 months ago
ePointZero, a subsidiary of 2PointZero Group, has announced plans to acquire a 90% stake in Azura Power, a pan-African independent power producer (IPP) with 752MW of operating capacity.
The company will enter the African power generation market as a result of this transaction, pending customary regulatory approvals and closing conditions.
No financial terms or expected completion date were disclosed.
The transaction would see ePointZero acquire the ownership interests held by Actis and Africa50 through an acquisition vehicle established with Amaya Capital.
Amaya Capital, which founded Azura Power in 2010, would retain a 10% minority stake.
#power #acquire
The company will enter the African power generation market as a result of this transaction, pending customary regulatory approvals and closing conditions.
No financial terms or expected completion date were disclosed.
The transaction would see ePointZero acquire the ownership interests held by Actis and Africa50 through an acquisition vehicle established with Amaya Capital.
Amaya Capital, which founded Azura Power in 2010, would retain a 10% minority stake.
#power #acquire
2 months ago
ONEOK has agreed to acquire Brazos Midstream's natural gas gathering and processing ******* ets in the Permian Basin's Midland sub-basin for $4.425 billion in cash, expanding the midstream operator's footprint in one of the largest U.S. oil and gas producing regions.
The acquisition will be funded as part of a separate $9 billion nonvoting minority equity investment from funds and affiliates managed by Apollo Global Management. ONEOK plans to use roughly $5 billion of the Apollo proceeds to extinguish existing debt, while the remainder will fund the Brazos acquisition.
The structure allows ONEOK to finance the transaction without issuing common equity. The company said the combination of the Apollo investment and planned debt reduction is expected to bring its pro forma 2027 debt-to-EBITDA ratio to about 3.25 times.
Brazos' Midland Basin system is supported by roughly 600,000 dedicated acres under fixed-fee contracts with a weighted average remaining term exceeding 12 years, according to ONEOK. Producers operating on the acreage include ExxonMobil, Diamondback Energy and Double Eagle, with 14 active drilling rigs currently supporting the system.
After completion of the Cassidy II processing plant, which ONEOK expects in the third quarter of 2027, the acquired system is expected to comprise about 700 miles of gathering infrastructure and 1.2 billion cubic feet per day of gas processing capacity across seven Midland Basin counties.
#basin
The acquisition will be funded as part of a separate $9 billion nonvoting minority equity investment from funds and affiliates managed by Apollo Global Management. ONEOK plans to use roughly $5 billion of the Apollo proceeds to extinguish existing debt, while the remainder will fund the Brazos acquisition.
The structure allows ONEOK to finance the transaction without issuing common equity. The company said the combination of the Apollo investment and planned debt reduction is expected to bring its pro forma 2027 debt-to-EBITDA ratio to about 3.25 times.
Brazos' Midland Basin system is supported by roughly 600,000 dedicated acres under fixed-fee contracts with a weighted average remaining term exceeding 12 years, according to ONEOK. Producers operating on the acreage include ExxonMobil, Diamondback Energy and Double Eagle, with 14 active drilling rigs currently supporting the system.
After completion of the Cassidy II processing plant, which ONEOK expects in the third quarter of 2027, the acquired system is expected to comprise about 700 miles of gathering infrastructure and 1.2 billion cubic feet per day of gas processing capacity across seven Midland Basin counties.
#basin
2 months ago
Selena Gomez has filed to dismiss the fraud lawsuit against her.
Gomez's lawyer, Mathew S Rosengart, submitted a motion on Wednesday to dismiss the lawsuit brought by Wondermind investors earlier this month, according to court documents obtained by Us Weekly magazine.
The Only Murders in the Building star has denied allegations made by investors that she falsely represented the mental health startup's infrastructure, leadership and resources.
"Ms Gomez agreed to support her mother ,Mandy Teefey, who co-founded Wondermind," the filing read.
"Although she invested in and holds a minority stake in the Company, Ms Gomez never agreed to and did not manage the Company. Management was vested in Ms Gomez's mother, Mandy Teefey, and Ms Pierson, who ran the Company as co-CEOs and board members. The Company, in turn, retained Ms Gomez as a consultant and conferred on her the ***** le of Chief Impact Officer."
Accusations that Gomez duped investors into putting $1.2 million (£890,000) into Wondermind were made in a lawsuit filed on 13 August, on behalf of a group of five investors who are seeking the return of the money they put into the skittled project.
#investors #teefey #made
Gomez's lawyer, Mathew S Rosengart, submitted a motion on Wednesday to dismiss the lawsuit brought by Wondermind investors earlier this month, according to court documents obtained by Us Weekly magazine.
The Only Murders in the Building star has denied allegations made by investors that she falsely represented the mental health startup's infrastructure, leadership and resources.
"Ms Gomez agreed to support her mother ,Mandy Teefey, who co-founded Wondermind," the filing read.
"Although she invested in and holds a minority stake in the Company, Ms Gomez never agreed to and did not manage the Company. Management was vested in Ms Gomez's mother, Mandy Teefey, and Ms Pierson, who ran the Company as co-CEOs and board members. The Company, in turn, retained Ms Gomez as a consultant and conferred on her the ***** le of Chief Impact Officer."
Accusations that Gomez duped investors into putting $1.2 million (£890,000) into Wondermind were made in a lawsuit filed on 13 August, on behalf of a group of five investors who are seeking the return of the money they put into the skittled project.
#investors #teefey #made
2 months ago
House Minority Leader Hakeem Jeffries (D-N.Y.) on Monday said "no one from the Trump Cartel is getting a pass" in a post on the social media platform X. The video comes after he faced backlash for meeting with Jared Kushner, President Trump's son-in-law.
The New York Times reported Sunday that the two met privately ahead of November's midterms to discuss common ground on issues like housing, immigration and the high cost of living.
Jeffries said Kushner reached out to him first, and he accepted so the pair could discuss affordability. His post emphasized, however, that House Democrats have pushed the Trump administration on issues including tariffs, the Affordable Care Act, nutritional ****** istance and more.
"I shouldn't have to say it, but I am. No one is going to get a pass," he said. "We're going to follow the facts, apply the law, and be guided by the Constitution beginning on day one. And hold the crooks accountable."
Reactions to the meeting have been mixed. Tommy Vietor, a co-host of "Pod Save America" and former Obama aide, took to X on Sunday to criticize Kushner.
#Trump #issues
The New York Times reported Sunday that the two met privately ahead of November's midterms to discuss common ground on issues like housing, immigration and the high cost of living.
Jeffries said Kushner reached out to him first, and he accepted so the pair could discuss affordability. His post emphasized, however, that House Democrats have pushed the Trump administration on issues including tariffs, the Affordable Care Act, nutritional ****** istance and more.
"I shouldn't have to say it, but I am. No one is going to get a pass," he said. "We're going to follow the facts, apply the law, and be guided by the Constitution beginning on day one. And hold the crooks accountable."
Reactions to the meeting have been mixed. Tommy Vietor, a co-host of "Pod Save America" and former Obama aide, took to X on Sunday to criticize Kushner.
#Trump #issues
2 months ago
Aug 26 (Reuters) - Annual U.S. inflation unexpectedly held steady in July well above the Federal Reserve's 2% target for the 65th straight month, and the pause in the decline from a recent Iran-war induced peak is likely to add to the central bank's tense debate over whether interest rates should be lifted or held steady.
The Personal Consumption Expenditures Price Index increased 3.7% in the 12 months through July unchanged from June, the Commerce Department's Bureau of Economic ****** ysis said on Wednesday. Economists polled by Reuters had forecast a reading for PCE, which the Fed uses to set its target, of 3.6%.
PCE shot to a three-year high of 4.1% in May in rapid fashion after President Donald Trump in late February launched air strikes along with Israel against Iran, sending energy prices spiraling upward as the conflict shut in roughly a fifth of global oil supplies.
Six months later the conflict appears no closer to a final resolution, though the exchange of fire has diminished and oil prices and the wider inflation wave they instigated have retreated from their mid-spring highs.
The fall back in inflation in the last two months has helped buoy the arguments of the majority of Federal Open Market Committee members who voted to leave rates unchanged in July in the range of 3.50% to 3.75%, where they have been since December. But the sluggish pace of improvement is unlikely to mollify a growing minority of officials who argue tighter policy is needed given inflation has been above target since February 2021 and will not get there without further restraint.
#reuters #february
The Personal Consumption Expenditures Price Index increased 3.7% in the 12 months through July unchanged from June, the Commerce Department's Bureau of Economic ****** ysis said on Wednesday. Economists polled by Reuters had forecast a reading for PCE, which the Fed uses to set its target, of 3.6%.
PCE shot to a three-year high of 4.1% in May in rapid fashion after President Donald Trump in late February launched air strikes along with Israel against Iran, sending energy prices spiraling upward as the conflict shut in roughly a fifth of global oil supplies.
Six months later the conflict appears no closer to a final resolution, though the exchange of fire has diminished and oil prices and the wider inflation wave they instigated have retreated from their mid-spring highs.
The fall back in inflation in the last two months has helped buoy the arguments of the majority of Federal Open Market Committee members who voted to leave rates unchanged in July in the range of 3.50% to 3.75%, where they have been since December. But the sluggish pace of improvement is unlikely to mollify a growing minority of officials who argue tighter policy is needed given inflation has been above target since February 2021 and will not get there without further restraint.
#reuters #february
2 months ago
House Minority Leader Rep. Hakeem Jeffries of New York is slamming comments from Hasan Piker after the far-left controversial online streamer suggested that Jewish Americans were inviting violence against themselves over their support for Israel.
"The malicious claim that American Jews are inviting violence against themselves is dangerous and antisemitic," Jeffries charged in a social media post. And he added in a CNN interview on Tuesday that Piker's comments were "malicious" and "should not be tolerated by anyone in the public square."
While Jeffries became the highest-ranking congressional Democrat to fire back at Piker, the criticism from the top Democrat in the U.S. House comes after he has largely stayed silent on the far-left insurgency, backed in part by Piker, that's gripped his party this election cycle.
Jeffries spoke out after Piker, on his stream last week, featured an image of state Sen. Jeremy Moss, the Democratic nominee in Michigan's 11th Congressional District. Moss, who is Jewish, has said that people are sharing a fake audio clip of him claiming that his entire reason for running for Congress is to make sure that America continues to support Israel.
El-sayed Tries To Distance Himself From Hasan Piker After Latest Firestorm
#jeffries #hasan #Israel #democrat
"The malicious claim that American Jews are inviting violence against themselves is dangerous and antisemitic," Jeffries charged in a social media post. And he added in a CNN interview on Tuesday that Piker's comments were "malicious" and "should not be tolerated by anyone in the public square."
While Jeffries became the highest-ranking congressional Democrat to fire back at Piker, the criticism from the top Democrat in the U.S. House comes after he has largely stayed silent on the far-left insurgency, backed in part by Piker, that's gripped his party this election cycle.
Jeffries spoke out after Piker, on his stream last week, featured an image of state Sen. Jeremy Moss, the Democratic nominee in Michigan's 11th Congressional District. Moss, who is Jewish, has said that people are sharing a fake audio clip of him claiming that his entire reason for running for Congress is to make sure that America continues to support Israel.
El-sayed Tries To Distance Himself From Hasan Piker After Latest Firestorm
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