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SailGP has announced Rolex as its first title partner, rebranding the competition to the “Rolex SailGP Championship” as it prepares for the 2025 season in Dubai. This partnership, which extends through 2034, marks a significant milestone in SailGP's growth, with 10 of 12 teams transitioning to private ownership. The league has seen a surge in viewership, reaching 200 million globally, and is expanding its broadcast agreements in key markets like Germany, Italy, Brazil, and Spain.
Avenue Capital Group, led by billionaire Marc Lasry, is exploring a sale of its impact investing business after the New York State Common Retirement Fund, a key investor, opted out of its second Sustainable Solutions Fund. This decision follows the pension fund's withdrawal of interest in the portfolio, prompting Avenue Capital to seek new buyers.
Billionaire Marc Lasry has filed a lawsuit against former employee Gina Strum, accusing her of attempting to extort $50 million by threatening to disseminate false information about him and his firm, Avenue Capital Group. Strum, who worked in business development for four years, allegedly warned that the situation could become "really, really ugly" unless she received a payout. Lasry's suit was filed in New York state court, with his sister Sonia Gardner also named as a co-plaintiff.
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Rolex becomes title partner of SailGP global sailing championship through 2034
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18:00 21.11.2024
avenue capital seeks buyer for impact investing business after pension fund withdrawal
18:57 01.11.2024
marc lasry files lawsuit against ex-employee for alleged extortion attempt
21:08 21.10.2024
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