Connect with us

News

Bob Iger and wife Willow Bay strike record deal for US women’s football club

Published

on

Bob Iger and wife Willow Bay strike record deal for US women’s football club

Unlock the Editor’s Digest for free

Disney chief executive Bob Iger and his wife Willow Bay have agreed to buy a controlling stake in the US National Women’s Soccer League club Angel City FC at a valuation of $250mn, in a record deal for the league that would make it the most valuable women’s sports team in the world.

The agreement, which is subject to approval by the league, underscores the rapid appreciation of sports clubs and women’s sports in particular. It is also the Iger family’s first foray into the realm of sports ownership.

Los Angeles-based Angel City FC was founded in 2020 by actor Natalie Portman, tennis star Serena Williams and her husband, Reddit co-founder Alexis Ohanian, and a consortium of investors from the worlds of Hollywood, venture capital and sports. Portman and Ohanian would continue to serve on the board of directors of the team, the club said.

Advertisement

The growth of women’s football, and the NWSL especially, has accelerated through the pandemic. Angel City was the league’s ninth franchise when founded in 2020 — since then the NWSL has grown to 14 clubs.

Last year, investment firm Sixth Street became the first institutional investor to become a majority owner of a US sports team when it committed $125mn to buy a new franchise, Bay FC. That figure included a $53mn expansion fee, paid by owners of new clubs to the rest of the league so as not to dilute the value of existing teams, a 10-fold increase in expansion fees from 2020.

Bay, the dean of the University of Southern California Annenberg School for Communication and Journalism, will serve and control Angel City’s board of directors and represent the club at the NWSL board of governors. She and Iger will also invest an additional $50mn “to support the club’s future growth”, according to a team statement.

Bay said that she and Iger “are committed to advancing the club’s mission of driving equity on and off the field”.

Iger rejoined Disney as chief executive in 2022, having previously served in the role from 2005 to 2020. Disney owns the sport-focused cable network ESPN and free-to-air ABC, and was the largest provider of linear sports content in the US last year, according to MoffettNathanson. NWSL has media rights agreements with ESPN, Paramount’s CBS, Amazon Prime Video, and Scripps Sports.

Advertisement
Continue Reading
Advertisement
Click to comment

Leave a Reply

Your email address will not be published. Required fields are marked *

This site uses Akismet to reduce spam. Learn how your comment data is processed.

News

Nearly two-thirds of Democrats want Biden to withdraw, new AP-NORC poll finds

Published

on

Nearly two-thirds of Democrats want Biden to withdraw, new AP-NORC poll finds

WASHINGTON (AP) — Nearly two-thirds of Democrats say President Joe Biden should withdraw from the presidential race and let his party nominate a different candidate, according to a new poll, sharply undercutting his post-debate claim that “average Democrats” are still with him even if some “big names” are turning on him.

The new survey by the AP-NORC Center for Public Affairs Research, conducted as Biden works to salvage his candidacy two weeks after his debate flop, also found that only about 3 in 10 Democrats are extremely or very confident that he has the mental capability to serve effectively as president, down slightly from 40% in an AP-NORC poll in February.

The findings underscore the challenges the 81-year-old president faces as he tries to silence calls from within his own party to leave the race and tries to convince Democrats that he’s the best candidate to defeat Donald Trump. The poll was conducted mostly before Saturday’s assassination attempt on Trump at a campaign rally in Pennsylvania. It’s unclear whether the shooting influenced people’s views of Biden, but the small number of poll interviews completed after the shooting provided no early indication that his prospects improved.

Meanwhile, as Vice President Kamala Harris receives additional scrutiny amid the talk about whether Biden should bow out, the poll found that her favorability rating is similar to his — but the share of Americans who have an unfavorable opinion of her is slightly lower.

The poll provides some evidence that Black Democrats are among Biden’s strongest supporters, with roughly half in the survey saying he should continue running, compared to about 3 in 10 white and Hispanic Democrats. Overall, seven in 10 Americans think Biden should drop out, with Democrats only slightly less likely than Republicans and independents to say that he should make way for a new nominee.

Advertisement

“I do have genuine concerns about his ability to hold the office,” said Democrat Andrew Holcomb, 27, of Denver. “I think he’s frankly just too old for the job.”

AP Washington correspondent Sagar Meghani reports a new poll sharply undercuts President Biden’s claim that ‘average Democrats’ are still with him after his debate debacle.

Janie Stapleton, a 50-year-old lifelong Democrat from Walls, Mississippi, held the opposite view, saying Biden is the “best candidate” for president.

People aren’t just sour on Biden on as they size up their choices this election season.

What to know about the 2024 Election

Advertisement

About 6 in 10 Americans want Trump to withdraw — but relatively few Republicans are in that camp.

As for Biden, younger Democrats are especially likely to want to see him bow out – and to say they’re dissatisfied with him. Three-quarters of Democrats under the age of 45 want Biden to drop out, compared to about 6 in 10 of those who are older.

“I just feel like these two individuals are a sad choice,” said Alexi Mitchell, 35, a civil servant who lives in Virginia. She identifies as a Democratic-leaning independent, and while she thinks Biden is probably still mentally up to the job, she worries that the past few weeks’ unraveling of support makes him a weak candidate, no matter what happens next. “If he doesn’t have control over his own party, that’s a fatal flaw,” she said. “He’s put us in a bad position where Trump might win.”

Despite bullish talk from the Biden campaign heading into the debate, the faceoff only left the president in a deeper hole. Democrats are slightly more likely to say they’re dissatisfied with Biden as their nominee now than they were before his halting performance. About half are dissatisfied, an uptick from about 4 in 10 in an AP-NORC poll from June.

By contrast, most Republicans – about 6 in 10 – came out of the debate very or somewhat satisfied with Trump as their candidate. Too few interviews were conducted after the assassination attempt to provide a clear indication of whether Republicans or Americans overall have rallied further around Trump since then.

Advertisement

David Parrott, a Democrat from Soddy-Daisy, Tennessee, was willing to give Biden the benefit of the doubt given the president’s age, but he still voiced concerns about a potential second term.

“I don’t know if he can make it another four years or not,” said Parrott, a 58-year-old retiree. “Shouldn’t he be sitting at his beach house taking it easy?”

All of the recent churn has left Americans much more likely to think Trump is capable of winning the 2024 election than is Biden – 42% to 18%. About a quarter thought the the two men equally capable of winning.

Even Democrats are relatively dour about their party’s prospects come November.

Only about a third of Democrats believe Biden is more capable of winning than is Trump. About 3 in 10 think the two are equally capable of winning and 16% say victory is more likely to go to the Republican. By contrast, Republicans are overwhelmingly convinced that Trump is in the best position to win.

Advertisement

Trump also has the edge on Biden when Americans consider who is most capable of handling a crisis, 38% to 28%. And people are about equally divided on which candidate has the better vision for the country, with 35% saying Biden and 34% Trump.

For all of the disenchantment Biden is up against, the president insists it’s not too late to turn things around, saying past presidents have come back from a deficit at this stage in the campaign. In an interview Tuesday with BET News, he said many voters haven’t focused yet, adding, “The point is, we’re just getting down to gametime right now.”

The poll did also offer a bright spot for Biden: 40% of adults say he’s more honest than Trump, while about 2 in 10 think the opposite.

Most Democrats — around 6 in 10 — say that Vice President Harris would make a good president, while 22% think not and 2 in 10 don’t know enough to say. The poll showed that 43% of U.S. adults have a favorable opinion of her, while 48% have an unfavorable opinion. Somewhat more have a negative view of Biden: approximately 6 in 10 Americans.

The survey was conducted before Trump selected freshman Sen. JD Vance of Ohio as his running mate. It showed that for most Americans, Vance is still an unknown. Six in 10 don’t know enough about him to form an opinion, while 17% have a favorable view and 22% view him negatively.

Advertisement

___

The poll of 1,253 adults was conducted July 11-15, 2024, using a sample drawn from NORC’s probability-based AmeriSpeak Panel, which is designed to be representative of the U.S. population. The margin of sampling error for all respondents is plus or minus 3.8 percentage points.

Continue Reading

News

In Milwaukee, Black Voters Struggle to Find a Home With Either Party

Published

on

In Milwaukee, Black Voters Struggle to Find a Home With Either Party

Black voters make up roughly 5 percent of the electorate in Wisconsin. But in this swing state where the election is likely to be won by a slim margin, their vote is critical for both campaigns.

We spent several days in the Milwaukee area, the heart of Wisconsin’s Black population, talking to dozens of residents about the issues that loom largest in their lives. They lamented the state of Milwaukee’s mismanaged public schools, the persistent crime and the racial inequities that still influence housing and employment in this deeply segregated city.

Many are disillusioned by the state of national politics, and the sense that life for Black families in Milwaukee has scarcely improved in the last four years. Some described the election in bleak terms and wondered whether they should vote in November at all.

Advertisement
Advertisement
Advertisement
Advertisement
Advertisement
Advertisement
Advertisement
Advertisement
Advertisement
Advertisement

Recent polls show Black support for Democrats slipping, and former President Donald J. Trump has sought to capitalize on that by appealing to Black voters’ economic concerns, framing his time in the White House as one of peace and prosperity.

Advertisement

Voters in Milwaukee will get a closer look at Mr. Trump this week during the Republican National Convention, which began on Monday. At the very least, some said, the convention could bring an economic boost to a city that has lost its footing as a manufacturing powerhouse of the country and is now struggling to find its identity.

Growing Hopelessness Over the Economy

Messages from the Biden administration that the country’s economy is on the rebound have fallen flat in Milwaukee. While tourism and entertainment are on the rise, the city’s population has stagnated, factories that once offered solid middle-class jobs have closed, and for many residents it is hard to glimpse what the future brings. At the same time, high crime and threats of cuts to public services have left some feeling like deeper problems are creeping in.

Michael Patton owns a bistro specializing in Cajun cuisine in the buzzy Bay View neighborhood. He grew up in Milwaukee and wants to see it thriving, but is troubled by its violent crime, which he says is the city’s biggest issue, despite police statistics showing a decrease in shootings and burglaries since the pandemic.

Advertisement

Keeping his three-year-old restaurant flourishing is another challenge. Even with a steady stream of regulars, he feels like he’s barely keeping up. “I worry about my business right now,” Mr. Patton said, “because I feel like we have a lot of customers, but the price of everything is so much.”

Brittney Roundtree, a 31-year-old teacher and single mother, says it’s difficult to pay the bills on her annual salary of $49,000. She hears of frustrated teachers who are leaving the city and moving south in search of a better life. “I think we need a fresh start. Nothing’s really been done in the last four years.”

Some voters we talked to are still bruised from inflation and higher prices, at the grocery store and in the housing market. Many of those pocketbook concerns hit even harder in the Black community, which for decades had been denied the opportunity to build wealth through real estate.

Advertisement
Advertisement
Advertisement
Advertisement
Advertisement
Advertisement
Advertisement
Advertisement
Advertisement
Advertisement
Advertisement
Advertisement
Advertisement

Owning a home, a marker of the American dream, remains a primary goal for many residents of Milwaukee. But property costs are still rising here, leaving homeownership out of reach for many families.

“I’m getting paid more than I have ever been paid,” said Quinton Marks, a 31-year-old property manager who rents a home with his husband, Que Hughes. They would like to buy their own place one day. “Sometimes it still does feel like I’m living paycheck to paycheck,” Mr. Marks said.

James Johnson is 88 years old and retired, with his days of working in a metal-forging factory in a Milwaukee suburb comfortably behind him. But he remembers what it was like when he was young, when he could buy a house and take care of his family of five. That feels impossible today, he says.

Joseph Abujana, a former bus driver, worries about the same thing. He is retired at 63 and living with his wife, a school administrator. “Everything is more expensive,” he said. “My wife and I can’t keep up our standard of living.”

Despite their desire for solutions, Black voters say they doubt that a new presidential election will bring meaningful change. When they think about the outcome in November, many said, it is with a sense of dread rather than hope.

Advertisement

Mixed Feelings About Donald Trump

Many Black voters in Milwaukee are eyeing Mr. Trump and his possible second term with trepidation. Here is a candidate who has already stoked racial tensions, they said, and inflamed divisions in the country.

“I have a bad feeling about the election. Trump and his cult of personality really worries me,” said Thaddeus Hudlon, a 45-year-old former nurse from Chicago who now lives outside Milwaukee and works as an associate for Burlington Coat Factory. “I feel like I’m surrounded,” he added, “by people who are actually oblivious to the choice that we’re making.”

If Mr. Trump is re-elected, some voters fear that Black people will suffer the most.

Advertisement
Advertisement
Advertisement
Advertisement
Advertisement
Advertisement
Advertisement
Advertisement
Advertisement
Advertisement

But others say they see in Mr. Trump an ability to run things, lead with forcefulness and take on the problems of the world. Even his recent criminal conviction in New York endeared him to one Milwaukee resident who is also a felon.

Advertisement
Advertisement
Advertisement
Advertisement
Advertisement
Advertisement
Advertisement
Advertisement

“I feel like Trump’s acceptance among Black people has gone up. You start to see him at Black churches, doing more things for Black people,” said Mr. Patton, 36, the restaurant owner, adding, “People aren’t used to someone just saying whatever he feels.”

Still, some Black voters say they are criticized by their friends and family for supporting the former president. “There’s a lot of pressure to vote Democrat for me,” said Jeffrey Freeman, a landlord outside Milwaukee.

Mr. Marks, the property manager, laments how divided people have become. “It’s sad how there’s so much separation instilled in everybody now,” he said. “The election the last time really brought that out. There was so much negativity that came from these two candidates, and I think they lost sight of the United States.”

Advertisement
Continue Reading

News

Pound hits one-year high against dollar after UK inflation holds steady

Published

on

Pound hits one-year high against dollar after UK inflation holds steady

Stay informed with free updates

The pound hit a one-year high against the dollar on Wednesday after UK inflation figures came in slightly above expectations at 2 per cent for June.

The consumer price data was above analysts’ forecasts of 1.9 per cent and prompted traders to reduce their bets that the Bank of England will lower interest rates from their current 16-year high next month.

But the inflation figure, provided by the Office for National Statistics, remained at the BoE’s target level, which it hit in May for the first time in three years.

Advertisement

After the data release, investors put the probability of a quarter-point rate cut next month at about a third, having previously been evenly split.

The pound climbed 0.5 per cent to $1.3031, its strongest level against the dollar in a year.

The Monetary Policy Committee has signalled it is getting closer to lowering rates from their current 5.25 per cent. However such a move would hinge on policymakers being confident that underlying price pressures are fully under control.

A key concern has been stubborn services price growth, which is seen as an important gauge of underlying inflation. The latest figures showed services inflation holding steady at 5.7 per cent in June, ahead of analysts’ expectations for a decline to 5.6 per cent.

“It’s the stability of services inflation at 5.7 per cent that’s the blow,” said Paul Dales at Capital Economics. “As a result, the chances of an interest rate cut in August have diminished a bit more.”

Advertisement

You are seeing a snapshot of an interactive graphic. This is most likely due to being offline or JavaScript being disabled in your browser.

Wednesday’s data marked the final inflation release before the MPC’s August 1 meeting, at which it will announce its latest rate decision.

The higher than expected inflation figure came hours before the King’s Speech, which will lay out the new Labour government’s plans to “take the brakes off Britain” in a bid to spur economic growth.

“It is welcome that inflation is at target, but we know that for families across Britain, prices remain high,” said Darren Jones, chief secretary to the Treasury.

“That is why this government is taking the tough decisions now to fix the foundations so we can rebuild Britain and make every part of Britain better off,” he added.

Advertisement

Restaurants and hotels were the biggest drivers of inflation in the year to June. Core inflation, which strips out energy and food, was 3.5 per cent, the same rate as in May and in line with analysts’ forecasts.

The BoE described its June decision to hold rates at 5.25 per cent as “finely balanced”, with two of the nine MPC members advocating to reduce rates.

Some other members have since signalled they are on the cusp of backing a rate cut, though the latest economic data may complicate their decision.

Huw Pill, the BoE’s chief economist, said this week that the central bank had made “substantial progress” in its efforts to bring price pressures down, but added that recent indicators had still pointed to “some upside risk”.

The MPC will also look at UK labour market data due to be released on Thursday for a further indication of the strength of the economy.

Advertisement

“The continued persistence of wage growth and CPI inflation means the MPC will have to proceed only gradually,” said Rob Wood at Pantheon Macroeconomics, “and the uncertainty about underlying inflation pressure means we expect rate-setters to wait until September for their first reduction.”

Continue Reading

Trending