The Portland Trail Blazers are officially for sale. The estate of Paul Allen, the franchise's late owner, announced May 13 it has commenced a formal sales process for the team. The investment bank ...

An NBA franchise is officially heading to the open market. The Portland Trail Blazers are being put up for sale, it was announced Tuesday. The team said in a statement that the estate of late owner ...

The Celtics now know who their new owners will be going forward, ushering in a new era for the winningest franchise in the NBA. The Celtics are being sold to William Chisholm, managing partner of ...

FILE - University of Hartford head coach Jen Rizzotti gestures to her players during the second half of play against Boston University in the America East final basketball game at the University of ...

The ownership of the Los Angeles Lakers is changing hands. The Buss family has reportedly sold a majority share of the franchise to Los Angeles Dodgers owner Mark Walter for a shocking $10 billion ...

The Los Angeles Lakers are being sold, and the price will be record-breaking. Jeanie Buss and her family are selling the team to Mark Walter, the CEO and chairman of TWG Global. According to ESPN NBA ...

Perfect market timing is difficult to pull off, but excellent preparation and building a valuable business in the first place is much more under your control. The valuation of private equity exits in ...

Padres chairman John Seidler on Thursday said his family is in the process of exploring "strategic options" for the franchise ...

Two weeks after the Boston Celtics won their 18th title in franchise history, the future of the organization is in question. Celtics majority owner Wyc Grousbeck is planning to make the franchise ...

The Connecticut Sun are looking at all options for the franchise’s future, including a potential sale, team president Jen Rizzotti said Tuesday. The team is owned by the Mohegan Tribe, which runs the ...