Equity

Private equity firms are investing billions of dollars from US public sector workers' retirement savings into fossil fuel projects that contribute over a billion tonnes of greenhouse gas emissions annually, according to a recent analysis. Since 2010, these firms have invested more than $1 trillion (£750 billion) in the energy sector, acquiring both established and emerging fossil fuel projects. The analysis highlights that many of these investments operate with limited financial transparency due to exemptions from various disclosure requirements, allowing them to function largely out of the public eye.

Cold, ravenous, and predatory, private equity is making its way into the NFL. The league has finally ended its resistance to institutional capital, a move that raises concerns given the chaos and issues seen in other sports leagues, particularly the Premier League. Recently, the National Football League passed a resolution allowing private equity investment in individual teams, marking a significant shift in its long-standing stance against such investments. With this decision, the NFL joins the ranks of the National Basketball Association, National Hockey League, Major League Baseball, and Major League Soccer, all of which have embraced institutional investment in recent years. Notably, only one of the league's 32 owners, Mike Brown of the Cincinnati Bengals, opposed the proposal, reflecting his commitment to preserving the financial stability of smaller franchises in a league where team valuations and media revenues continue to soar. For the time being, the impact of this new ownership structure is expected to be minimal. The NFL is unlikely to transform overnight from a league primarily owned by wealthy individuals and families, focused on benefiting fans and communities, to one dominated by the aggressive tactics of private equity firms. However, it is difficult to believe that such a shift won't occur eventually. The league has taken steps to limit the initial scope of private equity involvement: individual funds can acquire no more than 10% of a franchise, must take purely passive stakes without any decision-making or governance rights, and are required to hold their investments for a minimum of six years. Currently, only four private equity funds are permitted to invest, and they are characterized by long investment horizons, suggesting they are not seeking quick returns. In contrast to the NBA, which has opened its doors to a broader range of investors, including sovereign wealth funds and pension funds, the NFL has opted to restrict participation to specific types of funds. As the NFL navigates this new landscape, the long-term implications of private equity's entry into the league remain to be seen.

America in Black Season 2 Episode 5 Recap The America in Black season 2 episode 5, which aired on May 7, 2024, covers various topics including the controversial fight over funding at Tennessee State University, efforts to eliminate DEI (Diversity, Equity, and Inclusion) programs investigated by Ed Gordon, a profile of singer Patti LaBelle, and […]

Analyzing BlackBerry Ltd (NYSE:BB) Stock Performance and Financial Highlights Overview of BlackBerry Limited Stock BlackBerry Ltd (NYSE:BB) has been making significant strides in the technology and cybersecurity sectors, with recent developments showcasing its commitment to innovation and growth. Let’s delve into the key aspects of BlackBerry’s stock performance and financial highlights to gain a comprehensive […]

Kirsten Dunst’s decision not to challenge unequal pay in Hollywood sheds light on the prevalent gender pay gap in the entertainment industry by highlighting the challenges that actresses face in advocating for equal pay compared to their male counterparts. Her revelation underscores the systemic issue of pay disparity that continues to persist in Hollywood, despite […]

Kirsten Dunst Reveals Why She Never Challenged Being Paid Less in Hollywood In a recent revelation, Hollywood actress Kirsten Dunst opened up about her experiences of facing major pay disparity compared to her male co-stars throughout her career. Despite having achieved significant box office success, Dunst admitted that she never challenged the issue of unequal […]

The recent developments in Thames Water’s shareholder funding will have a significant impact on the company’s ability to address the pressing need for substantial investment in its infrastructure. Despite facing challenges in securing timely funding and regulatory hurdles, the commitment from shareholders to invest further in Thames Water demonstrates a dedication to addressing the infrastructure […]

Thames Water: An Update on Our Investment Overview of Recent Developments Thames Water, a prominent water utility company in England and Wales, has been in the spotlight due to recent media coverage regarding shareholder funding and investment challenges. As a shareholder in Thames Water’s ultimate holding company, Kemble, the Universities Superannuation Scheme (USS) has provided […]

MLB, Opening Day, Los Angeles Dodgers World Series Title Odds for the 2024 MLB Season The 2024 MLB season is upon us, and fans are eagerly anticipating which team will come out on top and claim the World Series title. According to the latest odds, the Los Angeles Dodgers are favored to win it all, […]

Comprehensive Guide to Auto Insurance Introduction Auto insurance is a crucial aspect of owning a vehicle, providing financial protection in case of accidents, theft, or other unforeseen events. In this comprehensive guide, we will explore various aspects of auto insurance, including different providers, coverage options, and benefits. Allianz MyCar Motor Insurance Allianz MyCar motor insurance […]