#ownership-change

#ownership-change

A minority owner in MLS side Sporting Kansas City has completed a deal to purchase a majority stake in the club from its current owners, a source confirmed to ESPN. Sporting KC has been owned by the Illig family since 2006, but according to the source they are selling a 71 percent stake to minority owner Peter Mallouk, who already owns part of the team, to bring his stake up to 80 percent. The purchase price Mallouk paid for the majority stake was based off a $700 million valuation of the club.

Reopening under New Ownership Soon!

Big moves are happening behind the scenes at Lidl-Trek, and this one could reshape the top end of the WorldTour. After months of negotiation and public hints, Lidl has officially acquired a majority stake in the UCI WorldTour squad, sealing the deal with long-time partner Trek Bicycle to form a deeper, more ambitious alliance aimed squarely at one goal: becoming the number one team in professional road cycling.

Explaining the precise meaning behind Isak's words, one well-placed source told CaughtOffside that this related to both a new contract for the player himself, and Newcastle's general transfer plans. Isak says he was promised a new contract and a pay rise, but those talks collapsed after the ownership change, our source said. Alexander Isak in action for Newcastle against Everton last season (Photo by George Wood/Getty Images) Former sporting director Paul Mitchell ended negotiations, leaving Isak disappointed both financially and in terms of the club's sporting direction.

"We wanted to highlight the tin ceiling, and close-to-original wood floors, while bringing in some of our design elements," Congregation Coffee's new owner, Patrick Brennan, told DCN.