NBA Kings Managing Partner VIVEK RANADIVE's software company, Tibco Software, "has gone private" after shareholders "overwhelmingly approved" the $4.3B sale of the company to a private equity firm. Ranadive "will get a payout" of more than $290M, "including the proceeds from the sale of his shares and 'golden parachute compensation'" (SACRAMENTO BEE, 12/5).
EVENT PLANNERS: Barclays Center on Thursday announced the formation of the Brooklyn Sports & Entertainment Advisory Board, a group of nearly 30 sports, entertainment, and media industry execs, plus entertainment personalities. The group, created by Barclays Center CEO BRETT YORMARK and Republic Records Exec VP CHARLIE WALK, will contribute to the programming strategy and direction for Barclays Center, the new Nassau Coliseum and other future venues (Barclays Center).
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NOTABLE BROOKLYN SPORTS & ENTERTAINMENT ADVISORY BOARD MEMBERS
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Actor Nick Cannon
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WFAN's Craig Carton
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Showtime Sports Exec VP & GM Stephen Espinoza
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Turner President David Levy
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CBS Sports Chair Sean McManus
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CBS Radio Exec VP/Programming Chris Oliviero
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Actress Rosie Perez
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Former IMG Sports & Entertainment President George Pyne
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ALMA MATER MONEY: Late Cargill Exec VP
DAVID LARSON left $15M to the Univ. of Minnesota football program "with the money set to go toward the building of a football practice facility." Larson had been a UM Regent since '05 (
Minneapolis STAR TRIBUNE, 12/5)....Former Univ. of Miami RB
KEN HUNT donated $1.5M "to fund the Ken Hunt Running Back endowed football scholarship at the university." The school said that the donation "is the single largest total gift from a former athlete in the program's history." The donation "will be used to fund a full scholarship in perpetuity to a Hurricanes running back" (
SUN-SENTINEL.com, 12/4)....Pittsburgh-based Farrell & Co. President & CEO
MICHAEL FARRELL donated $1M "as part of The Farrell Family Charitable Foundation to the Penn State Football Excellence Fund." Farrell's son,
MIKE, was a senior OT on the '12 Penn State football team. The funds "will go toward equipment, facility upgrades, travel and other costs" (
PITTSBURGH POST-GAZETTE, 12/5).
REMEMBERING MADIBA: Raptors GM MASAI UJIRI "has put together an impressive celebration of the life" of late South African President NELSON MANDELA. Air Canada Centre on Friday "will host 'The Giant of Africa,' a celebration of Mandela which falls on the anniversary" of his death. Luminaries including as Basketball HOFers MAGIC JOHNSON and CHARLES BARKLEY, former NBAers DIKEMBE MUTOMBO and TRACY MCGRADY, NBA Deputy Commissioner MARK TATUM and Maple Leafs President BRENDAN SHANAHAN "will be on hand for a reception and panel discussion of Mandela’s contribution to the world and to sports" (TORONTO STAR, 12/5).
AWARDS & HONORS: The D-Backs were named by the Phoenix Business Journal as one of the “Best Places to Work” in the area for '14 (D-Backs)....The National Veteran-Owned Business Association named Spurs Owner PETER HOLT ’14 Vetreprenuer of the Year, an honor bestowed upon veteran-owned-business role models (NaVOBA)....The Packers Foundation on Thursday announced that it has awarded $600,000 in grants to 223 organizations in Wisconsin. Team President & CEO MARK MURPHY said that the foundation has given a total of $1.1M this year, “setting a new record for both the total donation amounts and the number of recipients” (GREEN BAY PRESS-GAZETTE, 12/5)....The Boxing HOF in '15 will induct broadcaster JIM LAMPLEY along with former fighters RAY MANCINI, RIDDICK BOWE, NASEEM HAMED and YOKO GUSHIKEN (N.Y. TIMES, 12/5).
NAMES: The Wall Street Journal in Friday's Homes section runs a piece under the header, “Pro Athletes Ditch The Glitz For Their Childhood Hometowns.” Pro athletes “are renowned for buying multimillion-dollar mansions in cosmopolitan playgrounds like Miami and Vegas,” but less visible “are the scores of players who settle down near their childhood homes” (WALL STREET JOURNAL, 12/5)....Former MLBer ROY HALLADAY put his Newtown Square, Pa., house on the market for $1.95M (PHILLY.com, 12/4)....IndyCar team owner BOBBY RAHAL sold his 6,600-square-foot, Lincoln Park, Ill., mansion for $3.4M (CHICAGO TRIBUNE, 12/5)....Dodgers CF ANDRE ETHIER and wife MAGGIE on Thursday were at the Union Rescue Mission, where he “has worked for nearly a decade to raise awareness of hunger and homelessness” in L.A. (MLB.com, 12/4).
