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Larry Tanenbaum joins Stephen Pagliuca group vying for Chelsea

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Personal fairness billionaire and co-owner of Boston Celtics basketball workforce Stephen Pagliuca has revealed that Larry Tanenbaum, chair of the Nationwide Basketball Affiliation, is among the many checklist of heavyweight backers of his bid to purchase Chelsea.

The consortium led by the co-chair of Bain Capital, a US non-public fairness agency with $160bn of property underneath administration, is one among 4 funding teams vying to purchase the Premier League facet from sanctioned Russian billionaire Roman Abramovich, who’s promoting up within the wake of Vladimir Putin’s invasion of Ukraine.

Pagliuca mentioned on Wednesday that he’s co-managing the bid alongside Tanenbaum.

They’re up towards a gaggle backed by the US-based Ricketts household, which owns the Chicago Cubs baseball workforce, and hedge fund billionaire Ken Griffin; non-public fairness billionaires Josh Harris and David Blitzer; and a gaggle led by Todd Boehly, co-owner of baseball’s Los Angeles Dodgers.

Bidders usually are not solely competing on value but in addition their means to redevelop Chelsea’s Stamford Bridge stadium, which is smaller than the house grounds of main rivals similar to Manchester United.

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Tanenbaum’s involvement within the consortium was revealed a day earlier than Thursday’s deadline for closing bids, as service provider bankers at Raine Group press on with the sale of the membership, which has been accelerated by the geopolitical state of affairs across the invasion of Ukraine.

Former Disney chief government Bob Iger and his journalist spouse Willow Bay, Fb co-founder Eduardo Saverin and his spouse Elaine Saverin are additionally backing Pagliuca’s bid.

Hollywood producer Peter Guber, co-owner of the Golden State Warriors NBA workforce and one other investor within the Dodgers, is one other member of the consortium with sturdy ties to the sports activities business.

In February, Pagliuca led the acquisition of a majority stake in Italian soccer workforce Atalanta. Tanenbaum chairs Maple Leaf Sports activities and Leisure, the proprietor of the Toronto Maple Leafs ice hockey workforce and the Toronto Raptors basketball outfit. He additionally helped lead Toronto’s bid to host Fifa 2026 World Cup matches.

Abramovich acquired Chelsea in 2003 and used his fortune to construct the workforce right into a trophy-winning outfit with a worldwide model.

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The membership has gained the Premier League title 5 instances throughout his possession, and is among the many elite group of English golf equipment often known as the Large Six, which additionally consists of Arsenal, Liverpool, Manchester Metropolis, Manchester United and Tottenham Hotspur.

The profile of the bidders for Chelsea means that American traders will quickly personal 4 of the Large Six. The US Glazer household acquired United in 2005, sports activities mogul Stan Kroenke owns Arsenal, and John Henry’s Fenway Sports activities Group controls Liverpool.

Chelsea gained final season’s Uefa Champions League, Europe’s most prestigious membership match, however was knocked out of this 12 months’s competitors by Spain’s Actual Madrid this week.

Abramovich has pledged to donate the web proceeds off the sale to charity and write off £1.5bn of debt owed to him by the membership.

The transaction requires particular approval from the UK authorities, which has allowed Chelsea to proceed enjoying matches regardless of sanctioning Abramovich, in addition to the Premier League.

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A Jersey courtroom on Wednesday froze greater than $7bn in property linked to Abramovich, whose property are underneath shut scrutiny due to his ties to Putin.

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Joe Biden vows to stay in fight with Trump as pressure to quit mounts

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Joe Biden vows to stay in fight with Trump as pressure to quit mounts

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4 killed, 9 injured after vehicle crashes into Long Island nail salon

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4 killed, 9 injured after vehicle crashes into Long Island nail salon

Four people were killed and nine others were injured after a minivan crashed into a Long Island, New York, nail salon Friday afternoon.

The vehicle slammed into Hawaii Nail & Spa on Grand Boulevard in Deer Park shortly before 5 p.m.

A witness told NBC New York that the van plowed through the front of the business and almost came out through the back of the salon.

All of those killed or injured were inside the salon at the time, according to Lt. Kevin Heissenbuttel. Some people were trapped in the salon and had to be extricated by emergency services, he said.

A witness said the vehicle had been racing through a parking lot across the street before crashing and “seemingly in a rush,” NBC New York reported, adding that others said the van was trying to get around another vehicle when it drove into the building.

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The van was seen racing though a parking lot across the street, NBC New York reported. A witness said it was trying to pass another vehicle when it drove into the building, the station reported.

Photos from the scene showed a gaping hole in the storefront.

The Associated Press reported that a witness said he heard a speeding car and then a “shattering” noise.

“It was a sound that I never heard before,” he said.

The vehicle’s driver was among the injured and transported to a hospital.

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The Deer Park Fire Department chief said it was not clear what caused the vehicle to crash into the business.

About 150 firefighters and EMS personnel responded to the scene.

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Trump-Biden debate draws smaller audience as voters tune out US election

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Trump-Biden debate draws smaller audience as voters tune out US election

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Thursday night’s US presidential debate was watched by 48mn television viewers, a sharp drop from the numbers that tuned in to the clashes between Joe Biden and Donald Trump in the 2020 campaign.

CNN, the Warner Bros Discovery-owned network which hosted the event, said just over 9mn viewers had watched on its own channels, narrowly ahead of Fox News and ABC News, with cable rival MSNBC drawing about 4mn viewers. Another 30mn people tuned in on CNN’s digital channels or YouTube, it added.

The combined television audiences were well below the totals for previous presidential debates, however, extending a pattern of US media outlets reporting less interest in their election coverage this year.

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Trump and Biden drew 73mn viewers for their first debate in 2020, while Trump and Hillary Clinton pulled in an audience of 84mn for the opening showdown of their 2016 contest.

With full control over the style, content and format of the debate, CNN inserted rules that are atypical for US political events, such as foregoing a live audience and muting each candidate’s microphones unless it was their turn to speak.

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The debate was also a stark departure in tone from last year’s CNN town hall event with Trump, when a studio audience filled with the former president’s supporters prompted comparisons with his raucous rallies. CNN’s own media commentator slammed the town hall as a “spectacle of lies”, and Chris Licht resigned as CNN’s chief executive just a few weeks later.

By comparison, Thursday’s night’s debate was restrained. With microphones muted, there were no shouting matches, and with no audience or press in the room, it was quiet. The moderators played a background role, leaving the debate largely a back-and-forth dialogue between Trump and Biden. 

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However CNN was criticised for one significant choice: moderators Jake Tapper and Dana Bash largely avoided fact-checking the candidates in real time. The format seemed to favour Trump, who was allowed to make a series of unsubstantiated claims without being challenged during the 90-minute programme. 

The debate was a big test for CNN — the network that pioneered the dramatic, ultra-competitive cable news format in the US in the 1980s, but whose audiences have dwindled in recent years. It was easily the biggest moment yet for CNN chief executive Sir Mark Thompson, who took over as leader of the channel last year and has been tasked with turning around its business and restoring its brand.

CNN landed the sponsorship of the debate in May, beating out competitors including Fox News. The network seized on the moment, promoting the event heavily and forcing its rivals, who simultaneously broadcast the debate, to display CNN’s logo prominently on their screens.

The event was unique for a number of reasons. It was the first presidential debate in decades that was not organised by an independent commission, after Biden and Trump chose to bypass the tradition. It was also scheduled far earlier than usual in the election cycle. In previous years, the initial match-ups between presidential candidates took place in September or October. 

CNN has a fraught history with Trump, who frequently attacked the channel during his presidency. But on Friday morning, the Trump campaign blasted an email out to his supporters titled: “I love CNN . . . Because they gave me the opportunity to wipe the floor with Joe Biden.”

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