Dodgers, Ohtani got creative with $700 million deal, but both sides still have some risk
Once the intial shock wore off on the price tag of Shohei Ohtaniโs record-shattering $700 million, 10-year deal with the Los Angeles Dodgers, details about the contract emerged that were nearly as stunning.
Red Sox owners reach agreement to buy Pittsburgh Penguins
Fenway Sports Group has reached an agreement with the Pittsburgh Penguins that would give the conglomerate controlling interest in one of the NHLโs marquee franchises.
Michael Jacksonโs Neverland Ranch sold to billionaire
LOS ANGELES โ Michael Jacksonโs Neverland Ranch in California has found a new owner in billionaire businessman Ron Burkle. Burkle views the 2,700-acre property in Los Olivos, near Santa Barbara, as a land banking opportunity, his spokesman said Thursday in an email. The Wall Street Journal reports the property was sold for $22 million to Burkle, an associate of the late pop star and co-founder of the investment firm Yucaipa Companies. The asking price of the property was $100 million in 2016 then dropped to $67 million a year later. Burkle is the controlling shareholder of Soho House.