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In this episode of The Deal, Alex Rodriguez and Jason Kelly talk with K. Don Cornwell, Dynasty Equity's co-founder and chief executive, about the impact of private equity in sports. (Source: Bloomberg)
Baltimore Orioles owner, Carlyle Group co-founder and host of Bloomberg's Peer to Peer Conversations David Rubenstein tells David Gura that he bought his hometown team in part to help revitalize Baltimore and says sports owners tend to prioritize winning over operating profits. Rubenstein also discusses soaring franchise valuations and his new book, Inside the Ownerโs Box, which examines the business and leadership of professional sports ownership. (Source: Bloomberg)
UEFA and CONCACAF chiefs have urged FIFA President Gianni Infantino to release around $2.1 billion from the governing body's reserves, calling for each of its 211 member associations to receive $10 million over the 2027-30 cycle. The demand comes amid tensions over Infantino's proposed sale of a stake in the World Cup to private investors, which was shelved after a backlash from European football.