Latest news with #Queens-based
Fox Sports
a day ago
- Business
- Fox Sports
Top 10 Richest Team Purchases: Lakers Sell for Record $10 billion
The family-owned Los Angeles Lakers are about to be sold at a valuation of $10 billion, smashing the previous record for the purchase price for a team sport. The cross-country rival Boston Celtics went for $6.1 billion just three months ago. With team values soaring, there have been a number of notable franchise transactions in recent years: Los Angeles Lakers The Lakers have been in the Buss family since 1979, but Jeanie Buss has agreed to sell the NBA's most valuable franchise to L.A. Dodgers owner Mark Walter. Boston Celtics The Celtics, who won their record 18th NBA championship last year, went for $6.1 billion in March to private equity mogul Bill Chisholm. Washington Commanders Josh Harris, who with David Blitzer owns the NBA's Philadelphia 76ers and NHL's New Jersey Devils, added to his sports portfolio in 2023 by purchasing the Commanders for a then-record $6.05 billion. Chelsea The English Premier League team went to a consortium fronted by Dodgers part owner Todd Boehly that also includes Walter in 2022 for $3.2 billion. Another $2.2 billion was pledged for infrastructure and associated teams. Denver Broncos The Walton-Penner ownership group led by Walmart heir Rob Walton bought the NFL team in 2022 for $4.65 billion. Phoenix Suns Mortgage executive Mat Ishbia purchased the team for a then-NBA record $4 billion in 2022. Dallas Mavericks Mark Cuban sold the NBA franchise in 2023 for $3.5 billion to the Adelson family, which owns the Las Vegas Sands casino company. Charlotte Hornets Michael Jordan agreed to sell his majority share in the NBA's Hornets in 2023 for $3 billion to Rick Schnall and Gabe Plotkin. Schnall had a minority ownership in the NBA's Atlanta Hawks and Plotkin in the Hornets. New York Mets Steve Cohen completed one of the richest purchases of an MLB team in recent memory, acquiring the Mets for $2.4 billion in 2020. It marked a monumental shift for the Queens-based New York franchise as they had been under the control of the disgraced Wilpon family. Brooklyn Nets Joe Tsai purchased the Brooklyn Nets for approximately $2.5 billion in 2019. He paid a total of $3 billion, but that included acquiring the Barclays Center in the deal. He bought the team from previous owner Mikhail Prokorov. The Associated Press contributed to this report. Want great stories delivered right to your inbox? Create or log in to your FOX Sports account and follow leagues, teams and players to receive a personalized newsletter daily! recommended Get more from National Basketball Association Follow your favorites to get information about games, news and more
New York Post
a day ago
- Politics
- New York Post
NYC, comptroller frontrunner backed by MAGA supporter after he campaigns that he will ‘take on Donald Trump'
City comptroller frontrunner Mark Levine cozied up to a Big Apple MAGA supporter and election denier while locking down the Jewish bloc — after the Democrat campaigned that he would 'take on Donald Trump.' Incumbent Manhattan Borough President Mark Levine recently accepted the endorsement of Victoria Zirkiev, a self-proclaimed Trump supporter, and touted the backing in a photo on his Instagram while meeting with a Jewish Charity last week. 'Today our community welcomed @marklevinenyc the Manhattan Boro President who is running for NYC Comptroller. It's important to vote for the right mayor but it's also important to elect the right people for the other positions in NY,' she said, issuing her endorsement. Mark Levine received the backing from Victoria Zirkiev last week. Advertisement Levine's pal has posted many times in support of the current president, including selfies in a Trump 2024 hat, and wrote, in a since-deleted story, Zirkiev suggested the 2020 election was stolen, according to the Times of Israel. 'Can you guess who I voted for? Only TRUMP!' reads one of Zirkiev's posts. Zirkiev serves as the president of the women's division of Queens-based nonprofit, Chazaq. Advertisement The campaign brushed off the endorsement as simply a photo from the campaign trail, taken with leaders of a group that receives some of its funding from the City Council. 'This is absurd – Mark Levine has been standing up to Trump for over a decade and as Comptroller will be New York's firewall against his fascism,' said campaign manager Matt Rubin. 'Suggesting anything more is campaign non-sense and insulting to Jewish communities across the city that are facing real challenges and threats.' Levine's camp has since removed the photo from his Instagram. The group distanced itself from the public support, telling The Post, 'The Chazaq organisation does not endorse anyone.' Advertisement Zirkiev could not be reached for comment. The photo emerged in the final days of the comptroller race for the Democratic nomination, while one of the main issues has been how the next fiscal watchdog will deal with President Trump, who has vowed to target all sanctuary cities. 'As comptroller, I will take on Donald Trump,' Levine promised during a debate in May. In February, Big Apple officials were left stunned when $80 million in federal funds was siphoned out of city accounts by DOGE, following tweets from Elon Musk that the money was used to house migrants in luxury hotels. Advertisement President Trump backed up his then-ally Musk, condemning the city's use of federal dollars. 'This is a massive fraud that's taking place,' Trump said at the time. Brad Lander, the current city comptroller and candidate for mayor, called the stunt a 'highway robbery' and demanded that Mayor Eric Adams get the money back, but it was never returned. Levine has a hefty lead over his opponent, current councilman and finance chair Justin Brannan (D-Brooklyn), who is term limited. Levine was polled at 44% compared to Brannan's 14% in a Honan Strategy Group poll released on June 11, which had the undecided votes just over one third. Brannan's internal poll had him trailing Levine by 11 percentage points with 44% of voters still undecided with the primary set to be held on June 24. Brannan, who also claims he'll go toe-to-toe with Trump to defend the City's coffers, also has some loose ties to the MAGA world. The super PAC, New Yorkers for Accountablitly, backing his run is run by lobbyist Patricia Lynch and former Republican Assembly candidate Dmitriy Kugel, who has openly supported Trump. Advertisement 'What we need right now is a fighter and not a letter writer,' Brannan said at a debate on June 10.
Time Out
3 days ago
- Time Out
This New York airport was ranked the most expensive airport in the whole country
LaGuardia has come a long way from being dubbed the 'third-world airport' of New York. Thanks to a multi-billion-dollar makeover that wrapped earlier this year, the Queens-based travel hub now boasts state-of-the-art terminals, sleek lounges and even a Delta Sky Club that feels more five-star hotel than departure hall. But all that shiny newness comes at a steep cost—and not just to the Port Authority's budget. According to a new report by ranking the most and least affordable airports in North America, LaGuardia Airport is now officially the most expensive airport on the continent. Researchers tallied the average cost of a one-night hotel stay, overnight parking and a single pint of pre-flight beer, and LaGuardia topped the list with a whopping $381.41 tab. So, where's your money going? Nearby hotel rates average a staggering $332 per night, which is $167 more than the national airport average. Overnight parking will set you back another $37. And if you're hoping to calm your travel nerves with a drink, expect to pay $12.41 for a brewski, second only to Cancun International's record-setting $14.92. Rounding out the top three were Denver International Airport, with a total cost of $351.41 and Boston Logan at $335.91. Meanwhile, Tijuana International Airport in Mexico claimed the crown for affordability with an all-in cost of just $105.08, thanks to budget-friendly hotel and parking rates and beers under $8. With airfares already up 25-percent—the steepest increase since 1989—these hidden pre-flight expenses are catching more travelers off guard. And while LaGuardia's new amenities may dazzle, they're clearly not doing your wallet any favors.
Yahoo
05-06-2025
- Politics
- Yahoo
Ocasio-Cortez endorses Zohran Mamdani for NYC mayor as campaign enters final stretch
NEW YORK — Rep. Alexandria Ocasio Cortez is endorsing Zohran Mamdani as her top pick for New York City mayor, giving the socialist upstart candidate a major boost as the 2025 race for City Hall kicks into high gear. Ocasio-Cortez, who has since being elected to Congress in 2018 become one of the Democratic Party's most prominent progressive leaders, said in an interview published Thursday she's backing Mamdani because of the grassroots support he has generated in pushing a policy platform centered around affordability. 'Assemblymember Mamdani has demonstrated a real ability on the ground to put together a coalition of working-class New Yorkers that is strongest to lead the pack,' Ocasio-Cortez, D-N.Y., told The New York Times. 'In the final stretch of the race, we need to get very real about that.' Ocasio-Cortez's campaign didn't immediately return requests for comment. The Ocasio-Cortez endorsement was highly coveted in the June 24 mayoral primary, as she's considered the city's chief left-wing leader and regularly ranks as the Democratic Party's most popular member. Her stature as a national figure has only increased since President Donald Trump returned to the White House, as she and Vermont Sen. Bernie Sanders have embarked on a nationwide tour of anti-Trump rallies that each tend to draw thousands of attendees. Like Ocasio-Cortez, Mamdani, a Queens Assembly member, is affiliated with the Democratic Socialists of America. They're also both millennials — Ocasio-Cortez is 35 and Mamdani is 33 — and their western Queens-based districts overlap. 'In Washington, the Congresswoman has been a tireless advocate for working people as she has led the fight against Donald Trump. That's exactly the kind of leadership we will deliver to New York,' Mamdani said in a statement accepting her endorsement. It wasn't immediately clear if Ocasio-Cortez plans to join Mamdani on the campaign trail or appear in ads with him. As first reported by the Daily News last month, Ocasio-Cortez met privately in recent weeks with Mamdani and City Comptroller Brad Lander, another mayoral candidate, to discuss endorsements. Her pick of Mamdani marks a disappointment for Lander, a longtime ally who was endorsed by Ocasio-Cortez for his 2021 comptroller run. Given that the June 24 primary is ranked choice, Ocasio-Cortez said she's urging New Yorkers to back a slate of candidates on their ballots. But she put Lander third on that slate, giving the No. 2 spot to Council Speaker Adrienne Adams. She also put ex-Comptroller Scott Stringer in the No. 4 slot and Brooklyn state Sen. Zellnor Myrie in No. 5. Asked for comment, a spokeswoman for Lander, who has mostly polled as the No. 3 candidate in the race, pointed to a tweet he put out saying he's 'proud' to have her support. The Mamdani nod from Ocasio-Cortez comes as he has emerged as the progressive standard-bearer in the Democratic mayoral primary, pushing a platform that includes promises to freeze the rent for the city's stabilized tenants, drastically expand fully subsidized child care and make public buses free. He has consistently polled as the No. 2 candidate in the race behind front-runner Andrew Cuomo, a centrist Democrat. Some recent polls are indicating Cuomo's lead over Mamdani is narrowing, and Ocasio-Cortez said in the interview she hopes her endorsement will help beat back Cuomo, blasting him as a career politician who 'belongs to the hedge funds,' a reference to his wealthy donor base. At the same time, Mamdani has faced scrutiny in some corners of the city's electorate over his lack of executive experience (his only elected job is serving in the State Assembly since 2021) as well as his outspoken criticism of Israel's war in Gaza. Ocasio-Cortez acknowledged Mamdani's youth and hard-left stances on certain issues could pose an obstacle in seeking support from some communities, saying 'trust can't be built quickly.' But she also said she 'made my expectations of the assemblymember quite clear' in conversations with him before the endorsement. 'As someone who got elected when I was 28 years old, I know very intimately what it means to be trusted with an enormous job of immense responsibility at a very young age,' she said. 'It is not something that I take lightly.' _____
Time of India
05-06-2025
- Business
- Time of India
New York Mayor elections: Alexandria Ocasio-Cortez endorses Zohran Mamdani
Alexandria Ocasio-Cortez endorses Zohran Mamdani In a notable political development, Rep. Alexandria Ocasio-Cortez of New York City provided her support to Assembly Member Zohran Mamdani's mayoral campaign on Thursday. This endorsement represents a significant effort to unite progressive voters against former Gov. Andrew Cuomo's potential return. "Assembly Member Mamdani has demonstrated a real ability on the ground to put together a coalition of working-class New Yorkers that is strongest to lead the pack," Ocasio-Cortez said. "In the final stretch of the race, we need to get very real about that." With the June 24 Democratic primary approaching, Cuomo maintains his lead in polls, reminiscent of 2021's scenario when progressive disunity led to a moderate victory. Ocasio-Cortez, 35, selected Mamdani, 33, who shares similar characteristics: a Queens-based leftist representative who has gained substantial grassroots support through innovative policy proposals and effective social media presence. Mamdani's proposals include free city buses, rent stabilisation measures, and municipally operated grocery stores, funded through a £10 billion business and wealth tax. His stance on Israel has drawn attention from critics. Ocasio-Cortez emphasised the necessity of defeating Cuomo, whom she associates with wealthy interests. She announced her ranked-choice selections, placing Adrienne Adams second, Brad Lander third, followed by Scott Stringer and Zellnor Myrie. "Even if the entire left coalesced around any one candidate, an ideological coalition is still insufficient for us to win," Ocasio-Cortez said. "We have to have a true working-class coalition." While her endorsement carries weight among liberal groups, its impact remains uncertain. Mamdani has reached campaign fundraising limits and already secured substantial support from young, liberal voters. The Working Families Party's ranked choices largely align with Ocasio-Cortez's selections, suggesting some progressive unity. Upon receiving the endorsement after Wednesday's televised debate, Mamdani praised Ocasio-Cortez as a "once-in-a-generation leader." Ocasio-Cortez acknowledged challenges regarding Mamdani's experience and support among certain communities. Drawing from her own early political career, she expressed understanding of young leadership responsibilities while emphasising the need for appropriate expertise and support systems. Her endorsement decision may influence her political trajectory, as speculation continues about her potential presidential candidacy in 2028 or a possible Senate bid for Chuck Schumer's seat.
