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Closing Bell

Source: Texas Teachers' Fund To Buy 3% Stake In F1 For $200M

A source said that the Teacher Retirement System of Texas pension fund will “buy a stake in Formula One racing from the estate of collapsed investment bank Lehman Brothers” for an estimated $200M, or 3% of the racing series. The deal "follows a string of powerful investors" that have bought into F1. Together with the teachers' fund, “the investment groups will own some 30 percent” of F1. The source said that the investment values the equity in F1 at about $7B. After the deal, the estate of Lehman Brothers "still owns 12 percent" (REUTERS, 10/19).

SBJ Morning Buzzcast: April 26, 2024

The sights and sounds from Detroit; CAA Sports' record night; NHL's record year at the gate and Indy makes a pivot on soccer

TNT’s Stan Van Gundy, ESPN’s Tim Reed, NBA Playoffs and NFL Draft

On this week’s pod, SBJ’s Austin Karp has two Big Get interviews. The first is with TNT’s Stan Van Gundy as he breaks down the NBA Playoffs from the booth. Later in the show, we hear from ESPN’s VP of Programming and Acquisitions Tim Reed as the NFL Draft gets set to kick off on Thursday night in Motown. SBJ’s Tom Friend also joins the show to share his insights into NBA viewership trends.

SBJ I Factor: Molly Mazzolini

SBJ I Factor features an interview with Molly Mazzolini. Elevate's Senior Operating Advisor – Design + Strategic Alliances chats with SBJ’s Ross Nethery about the power of taking chances. Mazzolini is a member of the SBJ Game Changers Class of 2016. She shares stories of her career including co-founding sports design consultancy Infinite Scale career journey and how a chance encounter while working at a stationery store launched her career in the sports industry. SBJ I Factor is a monthly podcast offering interviews with sports executives who have been recipients of one of the magazine’s awards.

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