Arsenal owner Kroenke takes total US franchise spend this summer to £23bn Sport Business Nearly £23bn of US sports franchises were sold across the summer after Arsenal owner Stan Kroenke purchased the Los Angeles Angels. The surprise purchase – a MLB record at £2.97bn – ended a summer of spending across North America which included basketball, NFL and women’s football. Kroenke’s sporting portfolio now puts the Angels alongside Premier [...]
New York Knicks could be first publicly traded NBA team in 24 years Sport Business The New York Knicks could become the first NBA team in more than 20 years to be publicly traded under proposals being considered by their current owners. New York Stock Exchange-traded Madison Square Garden Sports Corp currently holds both the Knicks and the NHL’s New York Rangers but could split them into two separate listed [...]