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Scott Dixon second as Alex Palou chalks up another Indycar win
Scott Dixon second as Alex Palou chalks up another Indycar win

RNZ News

time13-07-2025

  • Automotive
  • RNZ News

Scott Dixon second as Alex Palou chalks up another Indycar win

Alex Palou has won his sevnth Indycar event for the season. File pic. Photo: AFP Evergreen New Zealand racing driver Scott Dixon has finished second to Alex Palou, who has claimed his seventh Indycars title of the season with a win in Iowa. Kiwi Marcus Armstrong had his first podium of the season, with third place in the IndyCar Farm to Finish 275, his sixth top-10 finish in a row. But Scott McLaughlin's race was over before it really started, eliminated in a crash on the first lap. It was a 1-2 finish for Chip Ganassi Racing, but Palou had to withstand a strong challenge on the final lap from Dixon, who had his first victory for the season a week earlier in Mid-Ohio. Palou won by 0.528sec on the tight 1.43km Iowa Speedway course, benefitting by taking a pit stop while a caution flag was out. He had been in third place, but his break was a lucky one as it disadvantaged leader American Josef Newgarden who had emerged from the pit lane with a yellow flag out, a situation that happened twice to him during the race. With 11 laps to go, Palou had the lead and Dixon edged past Armstrong in second. And it remained that way until the finish line. "I cannot really believe it, honestly, and winning here is super special. I struggled on short ovals for so long. Super happy. Another win. Seven wins in one year is insane," said Palou on the Sky Sport broadcast. Dixon was pleased with his effort after finishing ninth in the first race on the track on Sunday. He said he was proud at how his team "had thrown the kitchen sink'' in getting the car ready after issues on Sunday. "We weren't sure how it was going to go,'' Dixon said after the race. "We needed a longer race today.'' Armstrong was thrilled with his first podium finish of the season for Meyer-Shank Racing. "We made it happen today," he said. "We are getting better every single race, I'm gelling with my crew better every race." McLaughlin had been hoping to follow up his fourth placing on Sunday, but it all turned bad when he was unable to avoid Devlin DeFrancesco's car which spun out suddenly in front of him. McLaughlin's car cannoned into the wall and he was unable to continue. "It sucks. I was really excited for today,'' McLaughlin said. It was a bad day for Team Penske with Will Power having to retire from the race after his car lost power. Palou extended his lead in the driver standings. He now has 515 points, ahead of Pato O'Ward, who won Sunday's race, on 386 with Dixon third on 342. Armstrong, who finished ninth on Sunday, is seventh with 267 points, while McLaughlin is 12th with 234.

Scott Dixon wins Indycar race for 21st consecutive season
Scott Dixon wins Indycar race for 21st consecutive season

RNZ News

time06-07-2025

  • Automotive
  • RNZ News

Scott Dixon wins Indycar race for 21st consecutive season

picture id="4KBDZSY_cotty_png" crop="16x10" layout="full"]Scott Dixon has won his 59th career race. New Zealand driver Scott Dixon has won a race in Indycars for a 21st consecutive season. The 44-year-old won the Indy200 at Mid-Ohio, taking advantage of a mistake by championship leader and team-mate Alex Palou with five laps to go. Dixon, who started at ninth on the grid, won his 59th career race, holding out Palou over the final few laps. Dixon, who has six Indycars series to his credit, finished 0.421 seconds ahead of Palou for his first victory this year in the Chip Ganassi Racing Honda. Palou made an error on turn nine with five laps to go when he went wide, slowing enough for Dixon to edge past. Christian Lundgaard finished third in the No. 7 Arrow McLaren Chevrolet.. Of the other Kiwis, Marcus Armstrong finished seventh, while Scott McLaughlin was 23rd. "It was definitely a tough race,'' Dixon said afterwards on the Sky Sport broadcast. "So much fun, to try and pull off what we did and deal with what we had was fantastic.'' He said he was just hoping his rear tyres would hold on over the last few laps. It was a big family outing for the Dixon family at Mid-Ohio with his mother Glenys visiting from Auckland. "She has been here a couple of months so finally it has paid off for her.'' It was also his youngest child, 5-year-old Kit's first Indycar event. Sign up for Ngā Pitopito Kōrero , a daily newsletter curated by our editors and delivered straight to your inbox every weekday.

Who is prospective LA Lakers owner Mark Walter?
Who is prospective LA Lakers owner Mark Walter?

Yahoo

time19-06-2025

  • Business
  • Yahoo

Who is prospective LA Lakers owner Mark Walter?

Mark Walter has said he sees sport as an "avenue for social change" [Getty Images] He may not be name familiar to most sports fans but his reach expands across some of the biggest teams in the world. He was recently named one of the most influential figures in sport by Sports Illustrated and is involved in baseball, basketball, Formula 1, football, tennis and hockey. Advertisement Now Mark Walter's portfolio is set to expand even further. Walter is set to become the majority owner of iconic NBA side Los Angeles Lakers in what is believed to be a deal worth a record $10bn (£7.45bn). But who is he? Who is Mark Walter? A 65-year-old American businessman, Walter has a net worth of $6.1bn according to business magazine Forbes. He is the chief executive of Guggenheim Partners, a privately held global investment firm that says it has more than $340bn in assets. Walter, who is from Chicago, graduated from Creighton University with a degree in accounting, then earned a law degree from Northwestern University before moving into finance and setting up a company which later became part of Guggenheim Partners. Advertisement Walter is also the founder and chief executive of a holding company - a business created to buy and own the shares of other companies - called TWG Global. According to the Milken Institute think tank, TWG has interests in financial services, renewable energy, sports, media, entertainment, art, eco-tourism and agriculture. Walter has a wife and one child and, says the Milken Institute, "they invest their wealth largely to support organisations and causes focused on social justice, equity, diversity". Which sports teams is he a part of? Walter became the controlling owner of the LA Dodgers baseball team in 2012. They won the World Series in 2020 and 2024. Advertisement He bought WNBA team Los Angeles Sparks with former Lakers star Earvin 'Magic' Johnson in 2014. Other sporting teams listed TWG's portfolio under include the Cadillac F1 team, who will enter F1 in 2026, and Andretti Global, who compete in Indycar and Formula E. Walter also has a stake in Chelsea and Strasbourg through his holding in BlueCo, which is the parent company of both football clubs. He was part of the consortium led by Todd Boehly which bought Chelsea for £2.5bn in 2022. Boehly is also a part-owner of the Dodgers, LA Sparks and has a stake in the Lakers. TWG also has a share of the Billie Jean King (BJK) Cup tennis tournament and owns the Professional Women's Hockey League. Walter (left) is a controlling owner of the LA Dodgers, who signed baseball star Shohei Ohtani in a £558m deal in 2023 [Getty Images] What is Walter like? Walter's influence spreads far and wide but he appears someone prefers to stay in the background as he rarely gives interviews. Advertisement "I'm a fairly quiet and private person," he reportedly told the Chicago Tribune in 2012. "So I haven't sought publicity. "My belief is if you just keep your head down and work, and you have the fortune to be successful, there really aren't moments that change you. "Yes, your company gets bigger and owns more things, but you're just the same person you were the day before." When he spoke to Los Angeles Times reporters at the time of the LA Dodgers sale, Walter said: "I'm a baseball fan, but I'm not qualified to make baseball decisions, and I don't want to pretend to be. Advertisement "I'm here to support and help my people as much as I can. I'm here to cheer as loud as I can." He also gave an idea of his thoughts on the influence of sport and part of the reason he invests in it when he was quoted in a press release in 2023 that announced his joint venture with the International Tennis Federation for the BJK Cup. "I believe sports are one of the most essential avenues for social change and can make a real difference in developing a more equitable society," he said. BBC football reporter Nizaar Kinsella said: "Mark Walter has probably got the strongest connection to Todd Boehly in Chelsea ownership group," said BBC football reporter Nizaar Kinsella. Advertisement "He's the richest part of the ownership in terms of individual net worth. "I think there was a conscious effort from the current ownership to make Todd Boehly the sort of frontman of the Chelsea bid when it came out, so that's why he is well known, but Mark owns a similar proportion of Chelsea as Todd Boehly. "There is this divide in the Chelsea ownership and he would very much be on the Todd Boehly side. "He kind of feels like a silent partner and I'd say of all the people that own parts of Chelsea, he's the one that I've seen least of." 'It's like buying a piece of art' So why would a person as wealthy as Walter want to invest so much in sport? Advertisement "The price is intriguing," said sport finance expert Kieran Maguire. "It's showing that the value of sports businesses and sports franchises is heading in one direction only. "It also reflects the scarcity factor in terms of sports business. You can't set up a rival because they're not going to expand their number of participants. "You've got an owner with with a lot of excess cash, he wants to buy the trophy asset and you can't get more trophy than the Lakers. "It's a bit like being buying a piece of art. It's that rarity and the inability to duplicate them which has driven up prices. Advertisement "It's a statement purchase. It does set you aside. In the circles that Mark Walter is circulating, it's a way of saying to your fellow billionaires 'I'm at the top of the tree'. "There will be a financial reward from owning the Lakers but it's not a very good return on the investment." Should Lakers fans be worried? No, would be the apparent answer, especially if you ask "business partner" Johnson. Johnson is the famous face associated with Walter and has provided reassurance about the prospect of the Lakers ownership moving from the Buss family, which has owned the team since 1979, to Walter. Advertisement Jerry Buss bought the franchise for $67.5m and, after he died in 2013, Jeanie Buss has served as the Lakers' governor. "I know that my sister Jeanie would have only considered selling the Lakers organisation to someone she knows and trusts would carry on the Buss legacy, started by her father Dr. Buss," Johnson said. "Now she can comfortably pass the baton to Mark Walter, with whom she has a real friendship and can trust. "She's witnessed him build a winning team with the Dodgers and knows that Mark will do right by the Lakers team, organisation, and fans! "Both are extremely intelligent, visionaries, great leaders, and have positively impacted the greater Los Angeles community!"

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