As part of the proposed bankruptcy deal, the upstart golf venture is expected to be majority owned by its players.

Engelbert oversaw a period of unprecedented growth for the WNBA, but has faced criticism from players over her leadership.

The NBA also fined the Los Angeles Clippers $30 million and said the team will forfeit five first-round picks, one in each year in drafts starting in 2029.

Kroenke Sports and Entertainment was valued at more than $26 billion in CNBC’s most recent list of the world’s most valuable sports empire.

Jeanie Buss’s lawyer says she has not agreed to sell the team and that any vote suggesting the Buss family is selling “would be and is void.”

The group that includes Jeff Bezos has an option to become the majority shareholder within the next year.

Venture capital founder Joshua Kushner and former Disney CEO Bob Iger acquire Mark Walter’s stake in Los Angeles Lakers at valuation of more than $12 billion.

Larry Berg will take over as MLS commissioner from Don Garber next year. He will sell his stake in Los Angeles FC.

UEFA and Concacaf’s rejection of FIFA’s plan to sell a 20% stake in the World Cup’s commercial operations highlights uneasiness with private equity in sports.

FIFA has faced backlash from global soccer governing bodies over the proposal to allow private investment.