Apparel maker Faherty is considering selling a minority stake. Billionaire Steven Rales has bought a 15% stake in the Indiana Pacers at a valuation of $3.47 billion. Rales is set to become a minority owner of the Pacers pending NBA approval. He is also reportedly buying 20% of the team. Herb Simon sold the 15% stake to Rales, who already owned a piece of the franchise.
Billionaire businessman and film producer Steven Rales is buying 20% of the Indiana Pacers, upon NBA approval.
Herb Simon sells 15% stake in the Pacers to billionaire Steven Rales of DePauw. Turns out, Rales already owned a piece of the franchise. I didn’t know that, and a few other things in this story by insider @DustinDopirak and @ScottEHorner. https://t.co/NldyQlhSwF
Steven Rales buys 15 percent stake in Pacers at $3.47B valuation #StevenRales https://t.co/hiaGJDFi6X
American businessman Steven Rales to become minority owner of Pacers ⤵️ https://t.co/66NiNs981f
Steven Rales Buys 15 Percent Stake In Pacers At $3.47 Billion Valuation https://t.co/ZKFvMjrbTR
Apparel maker Faherty explores selling minority stake https://t.co/ZRhvw9RSXr
Apparel maker Faherty explores selling minority stake https://t.co/7AYLGaZ6rw