JOURNAL ARTICLE

Ares and Sportsology Are in Talks for Stake in MLB's Texas Rangers.

  • Published In: Bloomberg.com, 2023. P. N.PAG 1 of 3

  • Database: Business Source Ultimate 2 of 3

  • Authored By: Tan, Gillian 3 of 3

Abstract

Sportsology Capital Partners and Ares Management Corp. are currently in talks to purchase a 10% stake in Major League Baseball's Texas Rangers. The stake is currently owned by Janice Simpson and is valued at over $2 billion. The deal is not yet finalized and may not be completed until next year. This investment is part of a growing trend of alternative investment managers getting involved in sports ownership. [Extracted from the article]

Additional Information

  • Source:Bloomberg.com. 2023/12, pN.PAG
  • Document Type:Article
  • Subject Area:Social Sciences and Humanities
  • Publication Date:2023
  • Accession Number:174029922
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