Business

September 14, 2019 - 10:11 pm
CHARLOTTE, N.C. (AP) — Michael Jordan is adding two partners to the Charlotte Hornets' ownership group. Gabe Plotkin, founder and chief investment officer of Melvin Capital, and Daniel Sundheim, founder and chief investment officer of D1 Capital, have joined the Hornets as partners, pending NBA...
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September 13, 2019 - 1:05 pm
BRIDGEVIEW, Ill. (AP) — Billionaire Joe Mansueto has purchased full ownership of the Chicago Fire. The team announced Friday that Mansueto — the founder and executive chairman of Chicago-based financial services firm Morningstar Inc. — bought the remaining shares of the team from Andrew Hauptman...
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September 12, 2019 - 2:37 pm
NEW YORK (AP) — A New Jersey financial adviser was praised for his cooperation and a judge spared him from prison after he admitted his role in a college basketball scandal. Munish Sood was fined $25,000 Thursday but was not sentenced to prison or forced to be supervised by probation authorities. U...
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September 10, 2019 - 2:56 pm
NEW YORK (AP) — A former Adidas consultant was sentenced Tuesday to one year of probation after prosecutors credited him with helping secure convictions against an executive for the shoe company and two others in a college basketball corruption scandal. Thomas "T.J." Gassnola had pleaded guilty to...
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FILE - At left, in a 2015 file photo, is NHL Players Association executive director Donald Fehr. At right, in a 2018 file photo, is NHL commissioner Gary Bettman. No news getting out seems to be good news as the NHL and NHL Players’ Association discuss a potential extension of the collective bargaining agreement. With the players’ Sept. 15 deadline to decide whether to reopen the CBA fast-approaching, dialogue between the two sides continues to be cordial, professional and constructive _ a drastic change from previous labor talks in a sport that has become known for periodic work stoppages. (AP Photo/File)
September 09, 2019 - 12:46 pm
Representatives from the NHL and NHL Players' Association have met numerous times over the past eight months and not once in a secret underground bunker or a dark parking garage. Unlike previous collective bargaining negotiations that spilled out into the public, few details are emerging from...
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FILE - In this July 10, 2019 file photo, Zion Williamson, of the Duke University Basketball team, arrives at the ESPY Awards at the Microsoft Theater in Los Angeles. Duke says an investigation has found no evidence that Williamson received improper benefits. School spokesman Michael Schoenfeld said in a statement Saturday, Sept. 7, that a "thorough and objective" probe led by investigators outside the athletic department found "no evidence to support any allegation" that would have jeopardized Williamson's eligibility. (Photo by Jordan Strauss/Invision/AP, File)
September 07, 2019 - 12:40 pm
DURHAM, N.C. (AP) — Duke University says an investigation has found no evidence that former basketball star Zion Williamson received improper benefits. School spokesman Michael Schoenfeld said in a statement Saturday that a "thorough and objective" probe led by investigators outside the athletic...
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FILE - In this Aug. 29, 2019, file photo, fans pass by the east side of Mile High Stadium before an NFL preseason football game between the Arizona Cardinals and the Denver Broncos in Denver. The Broncos announced Wednesday, Sept. 4, 2019, that the team will partner with Colorado-based Empower Retirement on a 21-year deal to name the stadium "Empower Field at Mile High." (AP Photo/David Zalubowski, File)
September 04, 2019 - 4:51 pm
ENGLEWOOD, Colo. (AP) — The Denver Broncos have partnered with Empower Retirement on a 21-year deal to name their stadium "Empower Field at Mile High." The Metropolitan Football Stadium District will meet later this week to sign off on the agreement that runs through 2039 and ends a three-year span...
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Kansas City Royals' Cheslor Cuthbert celebrates on second after hitting a two-run double during the fifth inning of a baseball game against the Oakland Athletics Thursday, Aug. 29, 2019, in Kansas City, Mo. (AP Photo/Charlie Riedel)
August 30, 2019 - 3:30 pm
KANSAS CITY, Mo. (AP) — David Glass and his family on Friday announced the sale of the Kansas City Royals to an ownership group led by local entrepreneur John Sherman in a deal expected to be worth about $1 billion. The Royals announced the sale just days after word began to leak that the Sherman...
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FILE - In this Jan. 9, 2019, file photo, NHL Commissioner Gary Bettman speaks during a news conference in Seattle. The NHL has informed the NHL Players' Association that it will not use its option to terminate the existing collective bargaining agreement next year. The league announced its decision Friday, Aug. 30, 2019, two days before its deadline to notify the union of whether it would reopen collective bargaining talks.(AP Photo/Ted S. Warren, File)
August 30, 2019 - 2:34 pm
Citing what it called momentum from a sustained period of labor peace, the NHL said Friday it has informed the NHL Players' Association it will not use its option to terminate the existing collective bargaining agreement next year. The league announced its decision two days before its deadline to...
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August 26, 2019 - 2:05 pm
NICE, France (AP) — A company led by British billionaire Jim Ratcliffe has completed a takeover of French league club Nice. Chemicals giant Ineos and the French club both confirmed the deal on Monday, making Nice the latest sports acquisition by the London-based company. Ratcliffe, Britain's...
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