May 27, 2022Get Ready For $8-A-Gallon GasThe pandemic killed demand for oil and gas, leaving the world an easy mark for Vladimir Putin’s supply-side punch. The upside? Widespread shortages and sky-high prices will finally force meaningful investments in alternatives and even pariahs like nuclear and wood.ByChristopher HelmanForbes Staff
Aug 22, 2020High-Speed Rail Heats Up In California As Brightline Eyes Las Vegas Route ExtensionsThe sole private passenger rail service in the U. S. got a green light from transit agencies to begin planning two extensions for its $5 billion high-speed train to Las Vegas.ByAlan OhnsmanForbes Staff
Aug 7, 2020High-Speed Rail Startup Brightline Ends Alliance With Richard Branson’s VirginThe sole U.S. private passenger rail service is terminating its licensing deal with Virgin and plans to operate under the Brightline name.ByAlan OhnsmanForbes Staff
May 2, 2019Looking to Insiders for Clues to a TurnaroundIt’s been said that insiders sell their personal holdings of their company’s shares for many reasons, but they buy for only one reason: the stock is headed higher. For turnaround investors, insider stock purchases can provide important clues that a recovery may be ahead.ByGeorge PutnamNewsletter
Nov 6, 2018Jackson Hole's Newest Billionaire Hideaway: Caldera House"Make it good" was the primary instruction the wealthy owners of Caldera House gave to their team as they more than $100 million to build the ultimate eight-suite hotel and slope-side playground.ByAnn AbelFormer Contributor
Nov 16, 2017PODCAST: Peter Feigin Spans The Globe To Bring Money To Milwaukee Bucks New ArenaThe team's new arena will be the centerpiece of a 30-acre devleopment in downtown Milwaukee.ByMike OzanianFormer Staff
Feb 28, 2017$10 Million Investment Should Have A Major Impact For Sports AgencyBoca Raton, Florida-based Impact Sports has received a $10 million investment led by real estate mogul Jeff Sutton of Wharton Properties, allowing the company to expand its football and basketball divisions.ByDarren HeitnerContributor
Aug 14, 2015Scott Walker Takes $250 Million From U. Wisconsin, Gives $250M To Billionaire Sports Team OwnersScott Walker just signed a bill spending $250 million of Wisconsin taxpayers' money on a new arena for the Milwaukee Bucks, who are owned by billionaire hedge fund managers. Coincidentally, he also cut $250 million from the budget of his state's flagship university, the University of Wisconsin. Is this really just a coincidence?BySteven SalzbergFormer Contributor
Jul 7, 2015Why The Milwaukee Bucks Are Selling A Move To Las Vegas Or SeattleMilwaukee Bucks President Peter Feigin has demanded $250 million in public funding for a new arena in downtown Milwaukee. Feigin made it clear that failure to fund a new arena will result in the Bucks departing to Las Vegas or Seattle. While Feigin may have justification for the move -- he cited [...]ByDarren HeitnerContributor
Nov 19, 2014Brooklyn Nets Join Roster Of Sports Teams Grabbing Hedge Fund CashBy Jon Berke When the Brooklyn Nets went looking for a way to pay off their $60 million loan due last month, it wasn’t billionaire backer Mikhail Prokhorov who answered the call, or former investor Jay-Z. Instead the National Basketball Association (NBA) franchise found a friend on Wall Street – with [...]ByDebtwireFormer Contributor
Sep 25, 2014Trophy Premiums Being Paid For Sports Teams Have Become HugeOwning a sports team has always had a cache not associated with other businesses. The glitz of being able to sit in your suite and entertain politicians and corporate executives is part of the price--the "trophy premium"--you pay for a team. But that "trophy" premium has increased dramatically over the past [...]ByMike OzanianFormer Staff
May 30, 2014NBA Playoffs: Indiana Pacers By The NumbersHerb Simon has made a bundle on the Pacers after buying the team with his brother for $10 million in 1983.ByKurt BadenhausenFormer Staff
Apr 20, 2014How Michael Jordan Outsmarted Robert Johnson And Herb KohlThe agreed to sale of the Milwaukee Bucks last week by Herb Kohl to Marc Lasry and Wesley Edens for $550 million shows how Michael Jordan outsmarted a billionaire and a U.S. senator. In June 2003, Jordan was considering whether to either invest in the Bucks or the NBA's expansion team in Charlotte. Kohl [...]ByMike OzanianFormer Staff
Apr 18, 2014Distressed Asset Lovers Pay Huge Premium For Milwaukee BucksIn a rather inexplicable deal, Marc Lasry and Wesley Edens, two men who got rich in part by buying damaged assets at bargain basement prices, have agreed to pay $550 million--at least $50 million more than anyone else was considering paying--for the Milwaukee Bucks. Half the deal is spot on with [...]ByMike OzanianFormer Staff
Jan 25, 2012Facing SEC Charges, Ex-Fannie Chief Daniel Mudd Resigns At FortressInvestment firm's CEO departs to contend with civil fraud case from regulators.BySteve SchaeferFormer Staff
Sep 25, 2008Fortress Fortified By SacrificeThe publicly held firm nixed its Q3 dividend to shore up capital, sending its shares up.