MLB Highlights: Dodgers 3, Cardinals 2
SEC plans immediate appeal of injunction in LSU case
The game of legal ping-pong will continue between LSU and the SEC. capturengo.org
Via Dan Murphy of ESPN, lawyers representing the SEC said Thursday night that they plan to file as soon as possible an appeal of the injunction allowing multiple former NFL players to sign with LSU.
Time is of the essence. Friday is the deadline for adding players to the roster, and LSU by all appearances intends to include Dae'Quan Wright and Zxavian Harris on the roster for Saturday night's game against Clemson.
Via Pete Thamel of ESPN, Wright said he expects to be added to the team and to play on Saturday.
Thursday's decision from a Louisiana state-court judge comes on the same day the SEC filed a federal lawsuit in Alabama against LSU and coach Lane Kiffin aimed at preventing them from adding former NFL players.
And so the chaos continues, with two major questions. First, how will it all resolve? Second, what will the long-term fallout between the SEC and LSU be?
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Seahawks' new ownership group has 12 limited partners
It's fitting that the new owners of the team known for the 12th man have a group of 12 limited partners.
Ben Fischer of Sports Business Journal has the full list.
They are: former Sequoia Capital Managing Partner Mark Stevens; the Aramburuzabala family (descendants of the founder of Grupo Modelo; Val Blavatnik (son of DAZN owner Len Blavatnik); Sheryl Sokoloff (wife of Jonathan Sokoloff, co-managing partner of private equity firm Leonard Green & Partners); Gonzalo Hevia Baillères; Heavy Metal Equipment & Rentals CEO Jesse van der Werf, who is Canadian; Khosla Ventures managing director Samir Kaul; Apptio co-founder and CEO Sunny Gupta; Frazier Healthcare Partners managing partner Nader Naini; former U.S. secretary of commerce Penny Pritzker; Carlyle Dynasty Equity Group; and Sixth Street.
The percentages of the team owned by the various limited partners were not disclosed. By rule, the Khosla family was required to purchase 30 percent of the team, absent investors or debt.
At a purchase price of $9.612 billion, this means that the Khoslas were required to pay at least $2.88 billion. That leaves up to $6.7284 billion to be raised from limited partners.
