owner

Why Tarik Skubal thinks Stan Kroenke will turn Angels into destination

In his first offseason as the Angels’ owner, Arte Moreno landed the best player available in free agency: Vladimir Guerrero, the only player to wear an Angels cap on a Hall of Fame plaque.

Could Stan Kroenke do the same thing in his first offseason as the Angels’ owner?

Kroenke is not expected to be approved as Moreno’s successor until early next year. By then, players might be in spring training — or might still be sitting home, awaiting the end of a lockout and a subsequent free-agent signing frenzy.

The best player in this fall’s free-agent class is certain of one thing: Whenever Kroenke takes over, Anaheim instantly becomes a preferred destination for stars across the major leagues, with a new owner not just promising to spend to win but a demonstrated history of doing so.

“Absolutely,” Dodgers pitcher Tarik Skubal told The Times. “Not only an owner that has obvious financial backing, but an owner that has turned the Rams into what the Rams are. I think they’re the Super Bowl favorite this year. There’s an owner that cares about winning.

“The impact he brings to the Angels? You bring an owner that really cares about winning and is willing to do whatever it takes to win and invest, not only with players on the field but all the stuff behind the scenes, like clubhouse renovations. I’m sure there will be a lot of stuff there that changes to make it state-of-the-art, because all that stuff matters.”

Under Perry Minasian, the Angels’ general manager from 2021-26, the largest free-agent signing approved by Moreno: pitcher Yusei Kikuchi, for $63 million.

Kroenke would be the richest owner in baseball, with a net worth estimated by Forbes at $24 billion.

Skubal said he is focused on helping the Dodgers toward a third consecutive World Series championship and has not thought much about his free agency. Speaking generally, he said, it is likely that players that might not have considered signing with the Angels might now do so.

“You want to feel wanted,” Skubal said. “And you have an owner that is willing to do whatever it takes to win. Winning is the most important thing in sports. When you get yourself in that environment, I think guys do want to play there.

“Just look around the league: Guys tend to gravitate toward teams that are winning and teams that are in the playoff hunt every single year, with World Series aspirations every single year. I think free agents gravitate toward that in general. I’m sure that will be the case.”

From the players’ viewpoint, the successive sales of major league franchises at record values — the San Diego Padres at $3.9 billion, then the Angels at $4 billion — reflects good economic times. From the owners’ standpoint, the mid-market Minnesota Timberwolves of the NBA just sold at a $4.5 billion valuation.

Commissioner Rob Manfred has cited lagging franchise values in baseball as a reason owners want a salary cap, which the NBA has. Yet the Padres and Angels sold before their owners found out whether they could secure the salary cap the league insists is a primary objective in collective bargaining.

“I think it’s pretty obvious what that says, right?” said Skubal, one of eight players on the union’s executive subcommittee.

“If that’s the complaint that ownership and MLB is holding onto, I think they’re proving themselves wrong by selling these teams for record values. I think those clubs selling continues to support the argument that our game is in a really good spot.”

The owners also pitch a salary cap as a tonic for competitive balance, citing what they say is a $441-million gap between the Dodgers’ top-ranked payroll and the Miami Marlins’ bottom-ranked payroll.

The players point to franchise sales as another economic indicator. The Padres last sold for $800 million, in 2012. The Angels last sold for $183.5 million, in 2003.

“It’s a very profitable business venture,” Skubal said. “The sport itself is great. The product on the field is outstanding.”

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Angels exuberant about Rams owner Stan Kroenke buying the team

Mike Trout was practically beaming. He dropped the phrase “fresh start” four times in an interview that barely lasted five minutes.

The burden of the Angels’ failures has been disproportionately his to bear. He has insisted that his path to Cooperstown would run through Anaheim and only Anaheim. He has played 16 seasons for an owner that blessed him with half a billion dollars, treated his family like royalty and stranded him in position to conclude a star-spangled career without ever winning a postseason game.

On Tuesday, Trout learned that the Angels would have a new owner: Stan Kroenke. Trout got off the call, looked up Kroenke and has not stopped smiling since.

“What a track record,” Trout said. “Wherever he buys, he wins.”

Rams owner Stan Kroenke walks on the field during a game against the Tennessee Titans on Nov. 7, 2021.

Rams owner Stan Kroenke has agreed to purchase a majority stake of the Angels on Tuesday. The deal is pending regulatory review and MLB approval.

(Kyusung Gong / Associated Press)

The Rams. The Colorado Avalanche. The Denver Nuggets. Arsenal.

So what if the Angels have baseball’s longest playoff drought? They now have baseball’s richest owner, with a net worth valued by Forbes at $24 billion.

Kroenke bought a controlling share of the Angels at a valuation of $4 billion, a record for a major league team, with current owner Arte Moreno retaining a small stake, a source with knowledge of the deal not authorized to discuss it publicly told The Times. The sale includes the team-owned television and radio outlets, ABTV and AM 830. The deal is subject to customary closing conditions and MLB approval.

In 2009, ESPN put Moreno on the cover of its magazine, proclaiming the Angels delivered the best value of the then-122 teams in the NFL, NBA, NHL and Major League Baseball. In this decade, the experience had been so devalued by 12 consecutive losing seasons that resale tickets for Tuesday’s game against the mighty New York Yankees were available for $5, amid a season of fans regularly chanting “Sell the Team!”

“He’s aware of the chants,” Angels president Molly Jolly said. “He knows about them. At the end of the day, this is about having the right next owner more than it is about anything else.”

Jolly wouldn’t say whether Kroenke or Moreno initiated the negotiations. She did say the sale was not conducted through a formal bidding process, but proceeded through face-to-face discussions between Kroenke and Moreno.

He has a traditional sense about him,” Jolly said. “To be able to sit down with another gentleman and have a conversation and talk about baseball and the franchise, that resonates for how he thinks and looks at things, rather than it being a complex conversation.

“I think that’s what was the ‘Why now?’ It was the right person having the right conversation with him.”

As far as she knew, Jolly said, the conversations had not started when she assumed the team presidency in April, but the possibility of a sale had “always stayed out there” after Moreno invited bids in 2022 and then decided not to sell.

In July, after joining the Angels as interim general manager, John Mozeliak said he had spoken with Moreno for hours and the topic of whether the owner might sell the team “never came up.” On Tuesday, Mozeliak acknowledged that, when he started his position, Moreno “had mentioned that this was a possibility.”

Fans hold up signs thanking Kroenke Sports and Entertainment for buying the Angels and taking a jab at Arte Moreno.

Fans at Angel Stadium hold up signs during a game against the Yankees Tuesday marking Stan Kroenke’s agreement to purchase the Angels from Arte Moreno.

(Mark J. Terrill / Ap Photo/mark J. Terrill)

The sale is not expected to be finalized until early next year. Kroenke has not done the usual due diligence that would precede a sale — meeting with team management and touring the stadium — and has not introduced himself to officials from the city of Anaheim. The city owns the stadium and surrounding parking lots, a 150-acre site that city officials would love to see Kroenke develop.

In the meantime, it’s business as usual for the Angels. Mozeliak, who ran the St. Louis Cardinals when the Rams played in St. Louis, said he never has met Kroenke. He did recall speaking with Kevin Demoff, who oversees all of Kroenke’s teams.

Mozeliak has no idea whether Kroenke might invite him to stay, but for now the plan of rebuilding the team and reorganizing the front office remains on course, in the interest of serving fans weary and frustrated after 12 consecutive losing seasons.

“We’ve been preaching change all along,” Mozeliak said. “Now they’re going to see even more.”

And, he noted, the Padres and Angels had sold at successive record prices for MLB teams, despite the prospect of a lockout and owners’ hopes for a new collective bargaining agreement with a salary cap intended in part to raise franchise values.

“A lot of people thought teams wouldn’t sell until there was a new CBA,” Mozeliak said. “Clearly, that prediction was wrong.”

In the clubhouse, no one was talking about that. Neto was talking about the call Trout made to “some of the Rams guys” for a scouting report on Kroenke.

“I reached out to one Rams player,” Trout said, smiling. “He exaggerates a little bit.”

Still, given the national attention given last winter to the air conditioning not working properly in an Angel Stadium weight room, Neto said the evaluation from the Rams’ locker room was glowing.

“The most important thing they said is, he just wants what’s important for us,” Neto said. “That’s to make the clubhouse better, in the sense of whatever we need, we get, whether that’s amenity-wise, speakers, whatever it is, he’ll make sure we get those.”

Trout was so enthusiastic that, when a reporter asked if he was excited about what the new vision might be, he answered before the reporter could finish asking the question.

“No doubt,” Trout said. “Obviously, when you’re frustrated the last — I don’t know how many years it’s been, but to hear the news like this, I’m super excited to have this change.”

For his part, Neto sounded ready to pitch Tarik Skubal on pitching for the Angels — or, at least, pitching Kroenke on the possibility of recruiting him in free agency.

“Who doesn’t want to be in Southern California?” Neto said. “The weather is beautiful here. We have the best fans, in my opinion. We have a beautiful stadium.

“Who wouldn’t want to be here and play in this organization, in this market? It would be a no-brainer.”

Trout said the ownership change “was needed” and said there was “a good vibe around the clubhouse,” but both he and Neto expressed appreciation for Moreno.

“Arte was very supportive of us, whatever the outside noise was,” Neto said.

“I’ve seen a lot of hate, a lot of love, a lot more hate. But, as a player who has played under him, it was a lot of love. He treated us well, and that’s all you can ask for as a player.”

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Joey and Jesse Buss, sons of Lakers owner, now own stake in Padres

An investment firm owned by the two youngest sons of late Lakers owner Jerry Buss has bought into the new ownership group of the San Diego Padres.

Buss Sports Capital, which was started in September by Jesse and Joey Buss, joins a Padres ownership group that includes husband-and-wife controlling owners José E. Feliciano and Kwanza Jones. Although neither the team nor the firm supplied financial details of the deal, multiple media outlets are reporting that the Buss brothers’ stake in the Padres is around 5%.

“We are honored to join Kwanza and José and have the opportunity to contribute to the future of a team that Jesse and I have loved since we were kids growing up in San Diego,” Joey Buss, 41, said in a statement. “Sports have always been a part of our family’s story, and great organizations have a unique ability to bring people together and create a lasting sense of community. …

“The Padres are on the cusp of something special, and through Buss Sports Capital, we look forward to bringing our experience and perspective to the ownership group and doing our part to build on the strong foundation already in place.”

Like their four older siblings, Jesse and Joey Buss took part in the family business of running the Lakers. When the Buss family sold the controlling stake to Mark Walter for $10 billion last year, team controlling governor Jeanie Buss told ESPN, the siblings were told their roles with the team wouldn’t change for five years.

In November, however, Jesse and Joey Buss, as well as the rest of their siblings except for Jeanie, were let go by the Lakers. At the time of their dismissal, Jesse had been the team’s assistant general manager and Joey was vice president of research and development.

Earlier this month, Joshua Kushner and Bob Iger agreed to buy the majority ownership of the Lakers from Walter for $12.5 billion. Soon after, ESPN reported that the Buss siblings had agreed to sell their remaining 17.8% stake in the team to Kushner and Iger. Jeanie Buss, however, filed a petition in Los Angeles County Superior Court on Wednesday to block such a sale.

The Padres are the first major acquisition for the brothers’ investment firm.

“Joey and I had the privilege of learning from our father and then spending nearly two decades building our own careers in professional basketball operations,” Jesse Buss, 38, said. “We saw firsthand what it takes to build a championship organization, and throughout our careers have applied those lessons across talent evaluation, roster construction, player development and long-term organizational planning. While every sport is different, we believe the principles behind building sustained success are universal. …

“We look forward to bringing that experience to the ownership group, supporting Kwanza and José’s vision for the Padres and doing everything we can to help bring a World Series championship to San Diego.”

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Amid Dodgers’ uncertainty, Padres’ new owners promise to ‘win it all!’

José E. Feliciano, the new controlling owner of the San Diego Padres, lives in Los Angeles. You know, that place at the end of the Padres’ incessant “Beat L.A.” chants.

No worries, Padres fans. Feliciano is — make that was — a longtime New York Yankees fan.

“The good thing is,” he told me after an introductory news conference Monday, “rooting against the Dodgers comes naturally to me.”

It was only 18 months ago that Padres fans wondered whether the good times might come to an end, with the widow of beloved owner Peter Seidler suing his brothers for control of the team. For their part, the brothers said they had “no plans to sell the Padres.”

That sounds a lot like what Dodgers president Stan Kasten said Friday, amid a federal investigation into alleged financial improprieties among insurance companies controlled by Dodgers owner Mark Walter.

“The Dodgers are not being sold,” Kasten said. “They’re not going to be sold.”

What is true today might not be true tomorrow. What is true today, as potential bidders for the Dodgers lurk and coalesce amid L.A.’s turn at uncertainty, is that the Padres have an energetic and effervescent couple as their new principal owners.

Feliciano, a founder of Clearlake Capital in Santa Monica, took the mound at Petco Park on Monday afternoon, working out of a stretch and looking toward an invisible runner at second base before delivering a pitch. In spring training, he said, he stepped into the batting cage to try to hit simulated pitches from Padres All-Star closer Mason Miller.

His wife Kwanza Jones, an artist and entrepreneur, led her husband into the news conference amid the sounds of a song she co-wrote, she said, inspired in part by a catch made by Padres outfielder Fernando Tatis Jr.

“My only musical talent is my name,” Feliciano said. “I humbly ask you to please add my middle initial so I never get confused with the singer.”

As the couple looks for a home in San Diego, Jones appealed to fans to share what they love about their neighborhoods. Later, the couple took selfies along the first-base line.

Padres owners Kwanza Jones, center, and José E. Feliciano, right, speak at a news conference with team CEO Erik Greupner.

New San Diego owners Kwanza Jones, center, and José E. Feliciano, right, speak at a news conference with Padres Chief Executive Erik Greupner at Petco Park on Monday.

(Greg Beacham / Associated Press)

Their enthusiasm bubbled forth as the news conference proceeded, as their sense of whether the Padres might finally win a World Series got more and more optimistic.

Feliciano, three minutes into the news conference: “We cannot promise we are going to win.”

Jones, two minutes later, riffing off her lyrics, her voice rising: “We gonna win! We gonna win! We gonna win — win it all!” And then a pause, to lower her voice: “We hope it’s sooner rather than later.”

Feliciano, two minutes later: “We need to win a World Series. It’s that simple. That’s what we’re going to do.”

Jones, one minute later: “Multiples.”

Feliciano, one minute later: “The impossible becomes possible when somebody does it. So let’s do it.”

This is not Feliciano’s first foray into professional sports. Clearlake Capital is the majority owner of Chelsea, the storied soccer club.

“I’m missing the first game of the Premier League right now,” Feliciano said.

He said he could not comment on reports Walter is looking to sell his stake in Chelsea. Two weeks ago, Walter announced an agreement to sell controlling interest in the Lakers at a $12.5-billion valuation, the cash from which could help repay loans under scrutiny. The Dodgers could command a similar valuation, industry sources not authorized to discuss the issue publicly told The Times, should Walter decide to sell.

As part of a search for cash, Puck reported last week, Walter had talked with Charter Communications about whether the company would be interested in paying a lump sum now to get out of its SportsNet LA contract — a money-losing deal for Charter, but the primary source of the Dodgers’ financial advantage over the other 29 teams in the major leagues.

The talks “went nowhere,” Puck reported. Kasten declined to address the matter, as did a Charter spokesman.

In 2011, with the Dodgers headed toward bankruptcy, former owner Frank McCourt found what he believed would be his financial lifeline in a television rights deal with Fox Sports.

In a withering letter to McCourt, then-commissioner Bud Selig rejected the deal, criticizing McCourt for proposing a financial structure that would have foreclosed the Dodgers from pursuing more lucrative options “because of your desperate need for immediate cash.”

That precedent could inform how Rob Manfred, the current commissioner, would evaluate any proposed restructuring of the Dodgers’ television deal. Under the owners’ current collective bargaining proposal, to which Walter agreed, the Dodgers’ annual television riches — more than $500 million per year by the end of the deal in 2038 — would be fully contributed toward revenue sharing among all 30 teams.

I asked Feliciano whether the Dodgers’ uncertainty might make this a particularly opportune time to buy the Padres.

“You’ve got to look at these things on a generational, multi-decade basis, honestly,” he told me. “It’s like trying to time a great investment in the market. You can’t.

“What I can tell you is that this is the good time — the best time — for us. I think it also coincides with Peter’s legacy: The team is in a great place, the city is in a great place.”

The Dodgers’ revenue advantage remains significant, not just because of their SportsNet LA deal but because they fill the largest stadium in the majors almost every night and employ Shohei Ohtani.

In San Diego, however, where ticket sales represent the largest source of team revenue, the Padres sell more tickets than any major league team besides the Dodgers. Petco Park already is a year-round concert venue and event center, and the Padres could rekindle plans to develop a large parking lot near the ballpark.

And, if owners emerge from collective bargaining with a salary cap or other restraint on the Dodgers’ spending, that would be a win for San Diego.

On the field, the Padres entered play Monday with 21 victories in their past 28 games. The Padres acquired Robbie Ray and Casey Mize at the trade deadline to bolster a patchwork rotation, and they retained Miller and Adrian Morejon rather than break up a mighty bullpen. Tatis leads the National League with 12 home runs since the All-Star break; outfielder Jackson Merrill has 11.

“As we have seen the last few weeks, we are very competitive. I feel we are one of those teams — us and the Phillies, probably — that nobody wants to play,” Feliciano said.

“We want to keep it that way.”

The Phillies entered play Monday on a nine-game winning streak, in position for one of the National League wild cards. The Padres also are in position for an NL wild card, keeping alive the possibility that the Dodgers and Padres could meet in the NL Championship Series.

If that happens, it won’t matter how many games the Dodgers finished ahead of the Padres during the regular season.

“We’d just need to win four,” Feliciano said.

Beat L.A., indeed.

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San Francisco 49ers owner arrested in Ohio, pleads no contest to two misdemeanors

John “Jed” York, the owner and CEO of the San Fransciso 49ers, was arrested this weekend in his home state of Ohio and pleaded guilty to a pair of misdemeanor charges, according to local court records.

York, 45, pleaded no contest to charges of disorderly conduct and possessing criminal tools, Columbiana County Municipal Court records show.

He was arrested Sunday and released on $5,000 bail, court records show. He returned to court Monday morning to be arraigned on charges that were initially listed as engaging in prostitution and possessing criminal tools, but the former was changed to disorderly conduct in his plea.

York was sentenced to two days in county jail, with credit for the day he has already served, and ordered to pay a $1,150 fine, the court file shows. The order also noted that $160 that had been confiscated in the arrest would be forfeited to MVHTTF, which appears to stand for the Mahoning Valley Human Trafficking Task Force. The records also said that officials were to return a phone to York, and that York had “completed online course,” but additional details were not immediately available.

A mugshot from York’s arrest was published by local news site WKBN-27, who said he was arrested Sunday by the East Palestine Police Department. That agency told the news outlet that any additional information from the case would come from the Mahoning Valley Human Trafficking Task Force, a regional task force that includes the East Palestine Police Department and the Columbiana County Sheriff’s Office.

York grew up in Youngstown, Ohio, which is just north of East Palestine.

York had already filed a request to have the charges expunged Monday.

The Times attempted to contact the attorney listed in York’s sentencing records, but he did not immediately respond. The 49ers have not yet addressed the arrest.



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What’s at stake for Dodgers’ owner Mark Walter as authorities probe his businesses

When Mark Walter, the Lakers controlling owner, flipped the storied team last week for $12.5 billion amid a federal probe of his businesses, it stunned the sports world but seemed to make financial and legal sense.

The Dodgers majority owner, who had bought his stake in the basketball team last year at a $10-billion valuation, likely netted a big payday from the sale to former Disney Chief Executive Bob Iger and venture capitalist Joshua Kushner.

And that’s money the billionaire can apply to pay down the debts of two troubled Delaware life insurers he owns that are under federal scrutiny.

It’s not at all clear whether the sale of the Lakers will have any effect on the ongoing investigations. Neither Walter nor his companies have been charged with any crimes.

TWG Global, Walter’s holding company, did not respond to a request for comment Friday, but a spokesperson for the company has previously stated that they are cooperating with authorities and expect the matter to be resolved “favorably.”

“Mark Walter and TWG have always acted in good faith, and those who have done business with Mark know him as honest and straightforward,” the statement said.

After receiving federal grand jury subpoenas in February, Delaware Life and Clear Spring Life and Annuity conducted internal investigations. They found that $21 billion in loans they made should have been recorded as extended to “related parties.”

Related parties have business or personal ties and transactions between them can have legitimate reasons, but they also pose potential conflicts of interest and require disclosure and typically extra regulatory scrutiny.

In the case of insurers, which hold premium dollars from policyholders for future claims payouts, regulators want to ensure the money is there when it’s needed. Related-party transactions can threaten that.

Walter, 66, chief executive of Chicago investment firm Guggenheim Partners, led a group that included another Guggenheim executive and Magic Johnson in acquiring the Dodgers for $2.15 billion in 2012. The Times has reported he tapped the insurers he owned for financing, a deal that was later vetted by state insurance regulators.

However, the amount of related-party loans made by the two affiliated life insurers now under federal scrutiny is vastly more, amounting to 40% of the invested assets of Delaware Life as of Dec. 31, according to Fitch Ratings. The credit rating outfit said that is the most of any North American life insurers it reviews.

It’s unclear exactly where all the money went, but the Wall Street Journal reported billions were passed through a third party before being received by entities tied to Walter or his TWG Global holding company.

Company executives also told Fitch that they were unaware they were making related-party loans. Bloomberg reported that investigators are looking at some loans made to multiple companies affiliated with one Chicago firm to see if they were passed along to Walter’s ventures.

In June regulatory filings that disclosed the $21 billion in restatements, each insurer labeled them as “corrections of errors,” which would imply that they were inadvertent.

Jacob Frenkel, a former U.S. attorney, said it appears clear a focus of the investigation into Walter’s businesses is to determine whether the restatements were just errors.

“If there is intentional concealment of related-party transactions or the creation of intermediaries to help with that concealment, that certainly [could] invite criminal and civil enforcement scrutiny,” said Frenkel, who prosecuted financial crimes and also worked for the Securities and Exchange Commission.

Authorities have seized Walter’s cellphone and laptop, according to Bloomberg. Still, investigations by prosecutors and securities regulators can result in no action.

Frenkel said that if criminality is found in complex investigations such as this one, federal prosecutors will typically file mail or wire fraud charges that carry up to 20 years in prison.

It would not matter whether a company that was the victim of fraudulent conduct closed or is able to continue conducting business after being rescued financially.

“The entity’s failure is not a prerequisite for there to be a crime in intentionally misleading conduct,” he said.

The Securities and Exchange Commission is conducting a parallel investigation into both companies, according to their regulatory filings.

Frenkel said its interest could revolve around how Guggenheim Investments, Walter’s asset management firm, booked revenue from its dealings with the insurers and the disclosures of the transactions.

The SEC can seek civil monetary penalties and the return of illegal profits, and bar or suspend an individual from serving as a corporate officer or director, among other remedies.

Delaware Life and Clear Spring are part of TWG’s Group 1001 Life & Annuity.

Delaware Life has started a remediation plan to restructure some of the loans, review others and address its “control deficiencies,” including through TWG purchasing some of the loans, according to ratings outfit S&P Global. It hopes to complete the plan by the end of the year.

However, Fitch in its downgrade of Delaware Life said the plan may prove “insufficient to fully address governance, reporting, and investment oversight issues.”

The Delaware Department of Insurance did not respond to emails for comment.

Rex Frazier, a former deputy commissioner at the California Department of Insurance, said that in the situation that the insurers find themselves, the state regulator will be looking at a company’s capital sufficiency.

“The change from unaffiliated to affiliated transactions can affect the regulator’s view of whether the insurers have adequate capital and, if the regulator thinks not, then the regulator can impose additional capital requirements,” said Frazier, now president of the Personal Insurance Federation of California, a property and casualty industry trade group.

“If the regulator determines that there is inadequate capital to pay for their obligations … there are many serious remedies they can take to protect vulnerable people depending on those income streams,” he said, including seizing a company or forcing its sale.

There is no indication that either insurer is in such dire straits. Since the disclosures, rating agencies Fitch, AM Best and S&P Global have downgraded the companies’ outlook to negative, but they also have said the insurers maintain a high level of financial strength.

Walter is not the only owner of a life insurer to rely on related-party loans to fund its business dealings.

AM Best, in a December report, said affiliated investments among life insurers and annuity companies grew more than 17% annually in 2024 to more than $373 billion, driven by those owned by private equity and asset managers.

It said the growth of such investments — a type of related-party transactions — presents “regulatory risks” that may suggest “a company’s operations are more intertwined with its parent and affiliated investment management with possible negative consequences.”

“Should the parent/affiliate company experience financial stress, negative impacts to the insurer are heightened due to the higher exposure,” it said.

Frenkel said it’s good to keep in mind that at the end of their investigations, neither the Justice Department nor the SEC may take any action.

However, due to the complexity of the case, it may be a while before that point is even reached.

“This is clearly the type of investigation that the ‘where is this going?’ conversation could easily still be continuing in January of 2028,” he said.

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CIF playoff media rights go to owner of MaxPreps, NFHS Network

PlayOn Sports continues to expand its high school sports empire in California, winning the bidding for broadcast rights for state playoff games and state championships.

The 10-year deal was announced Thursday by the California Interscholastic Federation, the governing body for high school sports in the state.

Previously, Spectrum signed a 15-year contract for $8.1 million in 2011. The contract expired this summer, with the CIF receiving bids from several organizations.

The CIF will be receiving $165,000 from the NFHS Network in the first year of the agreement that has a 3% escalator each year. PlayOn Sports will pay $810,000 in the first year that also escalates 3% each year of the contract. The total will be $11.1 million.

PlayOn Sports has become a powerful force in the state, now owning MaxPreps, NFHS (National Federation of State High School Assns.) Network, GoFan.co and state playoff broadcast rights. The NFHS Network will be the exclusive content distribution partner. State football, basketball and girls volleyball will be put on linear television.

MaxPreps is the last one standing in California after SB Live (formerly Scorebook Live) stopped sponsoring the CIF following the 2024-25 season and laid off its full-time writers in California while turning to freelancers who get paid by their story clicks as part of a digital agreement with the owners of SI.com.

CIF media rights contract with PlayOn Sports and the NFHS Network.

CIF media rights contract with PlayOn Sports and the NFHS Network.

(Los Angeles Times)

MaxPreps is a free site driven by individual schools uploading their rosters, scores and stats. It has started streaming games with the help of the NFHS Network. GoFan.co has been adopted by most schools as the way to buy digital tickets to games and charges a fee to those buying tickets.

What the new CIF contract means is more opportunities for the NFHS Network, an on-demand high school sports site that streams games for a fee in which fans can buy access to watch one game or pay a monthly or yearly fee for unlimited access. Sometimes the NFHS Network uses automatic cameras supplied to schools or were purchased by schools. Unlimited online access is $99.99 a year.

Nine of the 10 sections in the state leave it up to schools to decide regular-season broadcasts. The Southern Section is the one section that has its own media contract and requires schools to pay a fee for streaming and then returns compensation to the schools later.

For those who worry that PlayOn Sports has so much control it could easily raise prices and face little pushback, CIF Executive Director Ron Nocetti said, “Any deal we have with any company that involves cost [with schools], we always get to be part of that conversation.”

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