Latest news with #BeverlyHills-based
Business Insider
5 days ago
- Business
- Business Insider
The billionaires making moves to buy or sell sports teams this year
Buyer: Mark Walter Guggenheim Partners CEO Mark Walter, who is already the primary owner of the Los Angeles Dodgers, reportedly bought the Los Angeles Lakers for a record $10 billion in June. Walter is also a primary owner of an F1 team and the WNBA's Los Angeles Sparks. Buyer: Bill Chisholm A Boston-area native, Bill Chisholm made his fortune in Silicon Valley as managing partner of STG Partners. In March, a group led by Chisholm bought the NBA's Boston Celtics for $6.1 billion, a record amount for a North American sports franchise before the Lakers' staggering sale price. Chisholm and Walker's agreements are still pending approval of the NBA's Board of Governors. Forbes estimates that Chisholm is worth $3.2 billion. Buyer: Marc Lore Wonder CEO Marc Lore and MLB great Alex Rodriguez teamed up to buy the NBA's Minnesota Timberwolves for $1.5 billion. The WNBA's Minnesota Lynx were also included in the sale. The deal dates back to 2021, but talks turned sour after then-owner Glen Taylor tried to nullify it. After four years of back and forth, Taylor decided not to challenge an April arbitration ruling that went in Lore's favor. The NBA approved the sale in June. Former Google CEO Eric Schmidt and former New York Mayor Michael Bloomberg are also part of the ownership group. Lore made his fortune in e-commerce, co-founding parent company and which was later sold to Walmart for $3.3 billion in 2016. Buyer: Woody Johnson Jets owner Woody Johnson bought a 43% in Crystal Palace, an English Premier League team, for a reported $254 million in June. Johnson, a GOP megadonor and former US ambassador to the United Kingdom, is an heir to the Johnson & Johnson fortune. He bought the stake from John Textor, who is a former executive chairman of FuboTV. The deal is still pending league approval. Buyer: Tom Gores Tom Gores, who runs the Beverly Hills-based Platinum Equity, is among a handful of billionaires who will own one of the three WNBA expansion franchises. Each ownership group paid a $250 million expansion fee, a record amount for a new team in a women's league, according to Sportico. The WNBA has exploded in popularity, largely due to the arrival of Caitlin Clark. The WNBA announced the expansion teams in June. Gores, who is the sole owner of the NBA's Detroit Pistons, will run a team also based in Detroit. Buyer: Josh Harris Josh Harris, a cofounder of Apollo Global Management, will share in the ownership of a new Philadelphia WNBA team. Harris is a cofounder of Harris Blitzer Sports & Entertainment, which he created with Blackstone executive David Blitzer. Their group also owns the NBA's Philadelphia 76ers and the NHL's New Jersey Devils. Outside of the group, Harris is also the managing partner of the Washington Commanders. In 2023, Harris led a group that bought the NFL team for a then-record-breaking $6.05 billion. Buyer: Dan Gilbert Dan Gilbert, cofounder of what is now Quicken Loans, will own the future WNBA team in Cleveland, complementing his existing ownership of the NBA's Cleveland Cavaliers. Gilbert made headlines in 2010 for writing an open letter that mocked LeBron James after the Ohio native left the Cavaliers for the Miami Heat. James and Gilbert later made up and celebrated the 2016 NBA title, which capped James' return to Ohio. According to Forbes, Gilbert is worth an estimated $25.9 billion. He also founded StockX, a resale platform that reached unicorn status in 2019. Seller: Jeanie Buss and family Jeanie Buss, controlling owner of the Lakers, is selling the 17-time NBA champion to Walker for a reported $10 billion. Jerry Buss, Jeannie's father, purchased the team in 1979 for $67.5 million in a deal that included the Forum Arena and the NHL's Los Angeles Kings. Under the Buss family, the Lakers have become one of the world's most valuable sports franchises and won 11 NBA titles. Last year, Forbes valued the Lakers at $7.1 billion. (Buss herself is not on the billionaires list.) Buss took over the Lakers after her father died in 2013. In a statement announcing the sale in June, the Lakers said Jeannie Buss will remain the team's governor after the sale is completed. Seller: Wyc Grousbeck Wyc Grousbeck, who co-owns the Celtics with his father, Irving, is selling the team to Chisholm for a reported $6.1 billion. The deal was first announced in March. The Grousbecks led the purchase of the team in 2002. Since then, the Celtics have won two NBA championships. Their 2024 title was the franchise's 18th overall, the most in league history. Last year, Forbes estimated that the team was worth $6 billion and was the 19th-most valuable sports franchise in the world. Forbes estimates Irving Grousbeck and his family are worth $2.2 billion. Seller: Glen Taylor Glen Taylor, founder of a Minnesota-based printing firm, has agreed to sell the Timberwolves to a group led by fellow billionaire Marc Lore for $1.5 billion. Taylor's initial 2021 deal called for him to retain a 20% stake in the team. ESPN reported that Lore, Rodriguez, and the rest of their group are poised to buy Taylor out completely. Taylor bought the Timberwolves in 1994 for roughly $88 million, which also prevented the franchise from moving to New Orleans. Seller: Jody Allen and Paul Allen's estate The estate of Microsoft cofounder Paul Allen is selling the Trailblazers. After a lengthy dispute, the NBA confirmed in May that the team was available. Jody Allen, Paul's sister, has been acting as the team's top executive since Allen's death from cancer in 2018. The team was official put up for sale in May. In 2018, Forbes estimated that Allen was worth $20.3 billion. Possible future buyer: Justin Ishbia Justin Ishbia, the founder of Shore Capital Partners, a Chicago-based private equity firm. In June, the Chicago White Sox announced a deal that could lead to Ishbia becoming the future owner of the MLB franchise. Ishbia, who already owns a minority stake in the team, will make unspecified cash infusions into the club in 2025 and 2026. As early as 2029, Ishbia could take over the team from Jerry Reinsdorf. There is no guarantee that such a transaction will occur. Ishiba's brother, Mat, owns the NBA's Phoenix Suns and the WNBA's Phoenix Mercury, which Justin Ishiba also shares in. Possible future seller: Jerry Reinsdorf Jerry Reinsdorf, the longtime owner of the Chicago Bulls and White Sox, has reached an agreement to potentially sell control of the South Side MLB team as soon as 2029. If they reach an agreement, Reinsdorf could eventually turn over control of the White Sox to Justin Ishbia. Their agreement was first announced in June. Reinsdorf, who made his initial fortune in real estate, has also overseen a massive increase in the Bulls' value. He and his investment partners bought the NBA team one year after Michael Jordan was drafted.
India Today
6 days ago
- Entertainment
- India Today
Khloe Kardashian thanks India-born surgeon for nose job
US reality TV star and influencer Khloe Kardashian recently confirmed that she underwent several cosmetic procedures. Following her revelation, an India-born doctor is in the spotlight after Kardashian listed eight different treatments, tagging the doctors and medical spas responsible for each one. Raj Kanodia was one of the doctors who was involved in Kardashian's yet another cosmetic Kardashian has been associated with the renowned Beverly Hills-based plastic surgeon for years. He's again in the news after Kardashian thanked him especially for the plastic Kolkata-born plastic surgeon has worked with many celebrities. He first came into the limelight when he was approached by John Kennedy Jr in the 1990s to give presidential candidates makeovers for his new magazine George. Soon after attending Amazon founder Jeff Bezos and Lauren Sanchez Bezos's star-studded wedding in Italy, Kardashian received high praise from London-based aesthetician Jonny Betteridge, who described her as the event's "standout face". Betteridge, in a video shared on social media, analysed and highlighted the possible cosmetic enhancements Khloe may have noted that the Kardashian star's look has "changed a lot over the past few years" and speculated that her transformation likely involved a temporary brow lift, rhinoplasty, lip filler, and a face and neck lift, according to a report in the UK's Daily June 29, Khloe replied to the video herself, saying she took it as a compliment and confirmed that she has indeed had cosmetic procedures."I take this as a great compliment! First off, I think these photos are about 15 years apart. But here's a list of things that I have done," she wrote on Betteridge's Instagram Reel."I've been very open in the past about what I have done, so here we go. Nose job," tagging Indian-born surgeon Raj IS DR RAJ KANODIA?Raj Kanodia is a top rhinoplasty specialist in Los Angeles. A board-certified surgeon, he is renowned for his expertise in nose reshaping and facial rejuvenation who was born in Calcutta, earned his medical degree from the University of Calcutta Medical College in one of the top rhinoplasty surgeons in LA, Kanodia has treated a long list of A-list clients, including Britney Spears, Jennifer Aniston, Kim Kardashian, Cindy Crawford, and Charli D' year too, Khloe Kardashian had openly acknowledged that Raj Kanodia performed her nose job, often praising him for her "perfect" nose. During the Keeping Up With the Kardashians reunion, she discussed her cosmetic procedures."Everyone says, 'Oh my gosh, she's had her third face transplant!' But I've had one nose job — (by) Dr Raj Kanodia — and everyone gets so upset, like, why don't I talk about it? No one's ever asked me," entertainment website People quoted her as Kanodia also attended the wedding celebrations of Anant Ambani and Radhika Merchant last year. During the wedding, he was seen in photos alongside both Kim and Khloe Kardashian, who also attended the event. He was also seen posing with Bollywood actress Janhvi Kapoor, sparking rumours that she could be one of his clients.- Ends
Los Angeles Times
23-06-2025
- Business
- Los Angeles Times
Reseda Apartments Acquired for $51 Million by Beverly Hills Investment Firm
The Candlewood North apartment complex in Northridge was acquired by Beverly Hills-based Post Investment Group for $51.1 million, or $270,000 per unit. The 189-unit community at 9830 Reseda Blvd. had been acquired by the seller, Waterton, for $43.6 million in 2016. The three-story, three-building apartment complex was originally built in 1964. It is located near the Northridge Fashion Center. Amenities include renovated interiors, redesigned lobby and corridors, controlled building access, covered parking and a sundeck. Information for this article was sourced from Post Investment Group.
Daily Mirror
10-06-2025
- Entertainment
- Daily Mirror
Rio Ferdinand announces new role after TNT Sports exit
Rio Ferdinand announced he was leaving TNT Sports at the end of the 2024/25 season after a decade with the broadcaster, but the ex-Manchester United ace has wasted no time in finding his next role Rio Ferdinand has announced his new role in Thailand after quitting TNT Sports. The Manchester United legend's last match with the broadcaster was the 2025 Champions League final between Inter Milan and Paris Saint-Germain, capping off a 10-year partnership. But it hasn't taken the 46-year-old long to find a new job, with the former defender taking to social media to tell his 11.6million X followers about his latest endeavour. Ferdinand wrote: 'Next stop, Bangkok… I'm heading to the EA SPORTS FC Mobile Festival Bangkok — where passion, skill, and football culture collide!' The event is described as a gathering of "the best FC Mobile competitors from across Asia and the Middle East, global football icons, top influencers'. It will see passionate fans unite for the EA SPORTS FC Mobile Festival, Bangkok — a two-day event presented by Visa, happening June 14–15 at BCC Hall, Central Ladprao in Bangkok, Thailand. It was reported previously that Ferdinand had rejected a contract extension at TNT Sports, which suggested that the split between the two parties was amicable and that he wasn't forced out. Reflecting on his departure from the broadcaster, Ferdinand said at the time: 'Since retiring from football, it has been a privilege talking about the game I love for a decade. 'I want to acknowledge the tremendous support from the team behind the scenes, whose hard work often goes unseen but has been essential to our success. As I turn the page to the next chapter, I carry with me countless memories. "I am excited about what the future holds - spending more time with my family, focusing on Rio Ferdinand Presents and my other business interests.' Away from his role as a football pundit, Ferdinand has a variety of business ventures. He boasts a YouTube channel with an impressive 1.32m subscribers and a clothing line named FIVE in collaboration with retail giant Sports Direct. He also has a management company, New Era, which has signed a partnership with Beverly Hills-based talent agency giants William Morris Endeavor (WME). There's also speculation that a move to Dubai could be on the cards for Ferdinand and his wife Kate, who he met while on holiday in 2016. Reports suggest the couple has scoped out properties and schools in the United Arab Emirates. They have two young daughters with each other, while Rio has three children from his previous marriage. Join our new MAN UTD WhatsApp community and receive your daily dose of Manchester United content from Mirror Football. We also treat our community members to special offers, promotions, and adverts from us and our partners. If you don't like our community, you can check out any time you like. If you're curious, you can read our Privacy Notice.
Elle
06-06-2025
- Entertainment
- Elle
Kylie Jenner Shared Her Exact Boob Job Details — Here's What They Mean
Kylie Jenner used to be secretive about her plastic surgery procedures and tweakments—who can forget when she denied lip filler rumors up until 2015? But now that Jenner is older and society's views on cosmetic surgery have changed, the Khy founder has turned into an open book. FIND OUT MORE ON ELLE COLLECTIVE Case in point: A fan recently took to TikTok to ask Jenner about the details behind her breast augmentation. 'Girl, please can you just tell us what it is that you asked for when you had your boobs done,' the TikToker Rachel Leary said in a video. She goes on to call it the most 'perfect, natural-looking boob job ever.' Jenner herself commented on the TikTok with the details: '445 cc, moderate profile, half under the muscle!!! Silicone!!! Garth Fisher!!! Hope this helps lol.' If you're wondering what exactly that means—for your own knowledge or because you're hoping to take Jenner's words to your plastic surgeon—we spoke with a few experts to break it all down. '445 cc is the size, measured by volume,' says John Diaz, MD, a Beverly Hills-based board-certified plastic surgeon. 'A 'cc' means cubic centimeters.' A large implant is often considered to be anything over 400 cc, so 445 cc is a fairly substantial augmentation. While it can't be directly translated to a new cup size (as it depends what you're starting with), you can expect a 445 cc implant to add close to two cup sizes to your initial breast volume. When you're getting a breast augmentation, the 'profile' is how much the implant juts out from your chest while you're standing. 'When it comes to profiles, there are different types, such as low, moderate, and high, which are decided upon based on the patient's anatomy and the goal they're trying to achieve,' explains Lyle Leipziger, MD, chief of plastic surgery at North Shore University Hospital and LIJ Medical Center. A moderate profile breast implant is typically considered one of the most natural profiles to get, and will have slightly more projection than a low-profile implant but look more natural than some of the higher-profile options. 'Many breast augmentations today are dual plane, meaning part under the muscle and part under the lower breast tissue,' Leipziger adds. In a dual plane breast augmentation, the upper part of the breast implant is inserted below the pectoral muscle, while the lower part is just under the breast tissue. 'Half under the muscle' is considered one of the most natural-looking placement methods. When Jenner says 'silicone,' she's talking about the material of the implant she used. There are many different options, including saline implants (which are filled with salt water), gummy bear implants (which are thicker than traditional silicone implants), and silicone implants (which Jenner has). Silicone implants are filled with silicone gel and are meant to feel the most like natural breast tissue. 'This implant is likely an Allergan implant, which is the most common implant used at our facility,' says Oren Tepper, MD, board-certified plastic surgeon and founder of Greenwich Street 497. 'One of the advantages of Allergan implants are the three cohesive [silicone] gel options, which provide a natural feel and look, and the wide range of options provided, which can be tailored to each patient's specific anatomy.' Word to the wise: If you want silicone implants too, you may need to have more check-ups with your doctor to get an MRI to make sure the silicone isn't leaking into your body. In a world where plastic surgery is becoming increasingly common, Jenner's transparency is perhapsrefreshing—and makes talking to your own plastic surgeon about what you want just a little bit easier. ELLE Collective is a new community of fashion, beauty and culture lovers. For access to exclusive content, events, inspiring advice from our Editors and industry experts, as well the opportunity to meet designers, thought-leaders and stylists, become a member today HERE. Katie Berohn is ELLE's beauty editor. Previously, she held the same title at Who What Wear, where she was promoted from associate beauty editor. She's written for publications like The Cut, Cosmopolitan, Good Housekeeping, and Mashable. Her interests include fragrance, vintage shopping, hot yoga, food, travel, music, books, and attempting to make every NYT Cooking recipe. She's on the endless hunt to find the perfect shade of red lipstick.
