Two partners of RedBird Capital Partners have left to launch their own private equity firms, one focused on pro sports team rights and the other on energy, Axios has learned.
Behind the scenes: The moves come after the nine-year-old firm decided to stop focusing on both areas.
Alex Rodriguez and Marc Loreare working toward a deal whereby private equity giant Carlyle Group would invest in their purchase of the Minnesota Timberwolves NBA franchise and Minnesota Lynx WNBA franchise, Axios has learned from several sources.
Why it matters: This would settle down widespread speculation that the pair's financing might not come together, and reflects the ever-climbing values of pro sports clubs.
Fearful that noise complaints are putting a damper on the nation's seemingly limitless zeal for pickleball, the sport's governing body has created a "quiet category" for new products and invited manufacturers to start innovating.
Why it matters: Spats over the high decibel level of the nation's pervasive athletic preoccupation have gotten pickleball banned at city parks and homeowners' associations.
