A $255.8M government claim on the estate of late Twins Owner CARL POHLAD has been "quietly settled for a fraction of the initial amount" the IRS demanded. Court documents filed earlier this summer show that the Pohlad family "resolved the case" for $36M, including a penalty of $1.8M and interest of $5.3M. The settlement "appears to validate the family’s contention for the past two years that the IRS greatly overvalued Carl Pohlad’s interest" in the Twins. Before his death in '09, he had "transferred the bulk of ownership to his three sons" (Minneapolis STAR TRIBUNE, 8/20).
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Els' Center of Excellence serves as a
learning environment for 150 kids with autism |
MAN OF THE HOUR: The PGA Tour and Southern Company recognized golfer ERNIE ELS as the recipient of the '15 Payne Stewart Award. He will be honored Sept. 22 in conjunction with the Tour Championship in Atlanta (PGA Tour). Els said of the recently opened Els Center of Excellence for children with autism, "You know, 150 kids are going to a new school as we speak here this morning, so that was great. But my wife really has to get a lot of credit there. She really pushed this project along with her team. My kid and a lot of other kids have got a new school they can go to. Pretty exciting stuff" ("Squawk On The Street, CNBC, 8/19).
POOL PLAY: U.S. swimmer KATIE LEDECKY was a guest on NBC’s “Today” this morning, with the net's Matt Lauer noting she has been “dominant in the pool” this summer. When asked if she can maintain her amazing run of success through the '16 Rio Games, Ledecky said, “I don’t think about that at all. I’m just enjoying the process.” Lauer also noted he went to high school with Ledecky’s uncle, Islanders investor JON LEDECKY (“Today,” NBC, 8/20).
BOOK REPORT: The following were the five best-selling sports books in July (N.Y. TIMES, 8/20).
|
RANK
|
BOOK |
AUTHOR |
|
1
|
"The Boys In The Boat" |
Daniel James Brown |
|
2
|
"Unbroken" |
Laura Hillenbrand |
|
3
|
"The Best Team Money Can Buy" |
Molly Knight |
|
4
|
"Barbarian Days" |
William Finnegan |
|
5
|
"It's Good To Be Gronk" |
Rob Gronkowski, Jason Rosenhaus |
| |
|
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NAMES: Former PGA Tour Commissioner
DEANE BEMAN has been named the recipient of the '15 PGA Distinguished Service Award. He will be honored on Nov. 13 at a ceremony in conjunction with the 99th PGA Annual Meeting in Palm Beach Gardens, Fla. (
PGA)....Nearly 200 exhibitors and 4,000 participants attended the annual PGA Expo in Las Vegas, which concluded yesterday at The Venetian. About 400 international participants from 30 countries attended the event, which was organized by Reed Exhibitions (
LAS VEGAS REVIEW-JOURNAL, 8/20)....The Michigan Court of Appeals “has upheld a lower court’s ruling that compels” the Michigan State Univ. Police Dept. to “release public records involving MSU athletes” to ESPN (
ESPN.com, 8/19)....Spurs F
TIM DUNCAN has been named the winner of the '14-15 Twyman-Stokes Teammate of the Year Award in a vote of NBA players (
MYSANANTONIO.com, 8/19).
IN MEMORY: St. John’s Univ. Athletic Administration Founder BERNIE BEGLANE passed away yesterday at his New York home at age 88 “after a battle with cancer” (NEWSDAY, 8/20).
