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Ron Burkle Commits $30 Million to Relativity Sports

In the continued fallout from the Relativity Media bankruptcy, supermarket magnate Ron Burkle announced Wednesday that he is committing $30 million to help expand Relativity Sports, where he said he will serve as chairman of the board. 490 more words


Ron Burkle Puts $30M Into Relativity Sports

With the exit of Happy Walters from Relativity Sports, founding board member Ron Burkle (who is founder of The Yucaipa Companies) now will oversee it as Chairman of the Board and has committed $30M of growth capital to expand the Beverly Hills-based sports agency. 297 more words

Breaking News

Ryan Kavanaugh's New Investment Group Bid For Relativity Still Faces Many Hurdles

An investor group backing Ryan Kavanaugh that includes supermarket magnate Ron Burkle, a subsidiary of the Elliott Associates hedge fund, and an obscure San Francisco Bay Area investment house are continuing to press their bid to purchase all but the TV operations of bankrupt Relativity Media, in a protracted auction that has no certain end point, according to two sources familiar with the situation. 897 more words


Ron Burkle Joins Group That Could Keep Ryan Kavanaugh Atop Much of Relativity Media

In a surprising, 11th-hour development,  an investor group including supermarket magnate Ron Burkle has made a strong bid that could keep CEO Ryan Kavanaugh in control of much of bankrupt Relativity Media, the multimedia company he created — though without the television division that is viewed by investors as the company’s strongest asset, according to a source familiar with Thursday’s auction of the company. 607 more words


Report: Pens’ owners seeking $750 million for sale of team

The owners of the Pittsburgh Penguins are seeking $750 million for the sale of the team, according to the sources of TSN’s Rick Westhead. 155 more words

Pittsburgh Penguins

Monday Munchables

Pens going to auction?
Reports surfaced on Wednesday saying that Mario Lemieux and Ron Burkle – co-owners of the Pittsburgh Penguins – may be looking to sell all or some of their stakes in the franchise. 494 more words

Monday Munchables

Sale Of Penguins Does Not Mean They'll Leave Pittsburgh

PITTSBURGH (KDKA) – The Penguins franchise is deeply rooted in Pittsburgh, but the ownership of the team could soon be changing.

The Penguins said in a statement there have been multiple offers to join the ownership group over the last several years. 258 more words