Adelson Eyes Sports Franchise After $2B Sands Stock Sale

Posted on AllSides November 28th, 2023
From The Right

Casino billionaire and Republican megadonor Miriam Adelson is selling $2 billion in Las Vegas Sands stock and signaled that she will buy a pro sports franchise with the proceeds. “We have been advised by the Selling Stockholders that they currently intend to use the net proceeds from this offering, along with additional cash on hand, to fund the purchase of a majority interest in a professional sports franchise pursuant to a binding purchase agreement, subject to customary league approvals,” the filing said. The filing did not specify which pro sports...

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