The estate of late oilman Aubrey McClendon is seeking to sell its 22% stake in the Oklahoma City Thunder, an NBA franchise valued by Forbes at around $1.5 billion, per Bloomberg.

Why it matters: Because this comes just as the Thunder traded away its most valuable asset, former league MVP Russell Westbrook. Can't imagine that move went over too well at Inner Circle Sports, the boutique investment bank managing the sale.

  • The bottom line:
"It’s difficult to pinpoint a value for McClendon’s stake, which comes with voting rights but few other perks, according to sources. There’s no representation on the board or decision-making authority. In such cases, buyers will often seek to apply what’s called an LP discount... Such discounts usually range from 10% to 20%."
Scott Soshnick, Bloomberg

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Updated 2 mins ago - Politics & Policy

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The hazy line between politics and influence campaigns

Illustration: Aïda Amer/Axios

The recent firestorm over the New York Post’s publication of stories relying on data from a hard drive allegedly belonging to Hunter Biden shows the increasingly hazy line between domestic political “dirty tricks” and a foreign-sponsored disinformation operation.

Why it matters: This haziness could give determined actors cover to conduct influence operations aimed at undermining U.S. democracy through channels that just look like old-fashioned hard-nosed politics.

57 mins ago - World

"I stood up for that": Pope Francis voices support for same-sex civil unions

Pope Francis at St. Peter's Basilica in Vatican City. Photo: Vatican Pool - Corbis/Corbis via Getty Images

Pope Francis voiced his support for same-sex civil unions for the first time as pope in the documentary “Francesco,” which premiered Wednesday at the Rome Film Festival, per the Catholic News Agency.

Why it matters: The pope’s remarks represent a break from the position of the Roman Catholic Church, which has long taught that homosexual acts are “intrinsically disordered" and contrary to natural law.