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Closing Bell

Former LAFC Exec Tom Penn No Longer A Club Investor

Former LAFC President Tom Penn, who stepped down in mid-August to become the CEO of new venture Co.Protect, is also no longer a part-owner in the club, a team spokesperson confirmed to THE DAILY. LAFC bought back Penn’s undisclosed stake around the time of his departure earlier this summer. Penn remains an executive consultant with the club. According to the spokesperson, LAFC isn’t actively looking for investors at this time.

In June, THE DAILY also reported on two new LAFC investors: Ares Management CEO & President Mike Arougheti and Oaktree Capital Management co-Founder & co-Chair Bruce Karsh.

SBJ Morning Buzzcast: April 25, 2024

Motor City's big weekend; Kevin Warren's big bet; Bill Belichick's big makeover and the WNBA's big week continues

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.

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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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