NBA Commissioner Adam Silver has been clear: 'We are convinced that for the good of European basketball, the best course of action would be a joint solution with the Euroleague, reaching an agreement on a systemic approach to growth.'
The request by the Milan Public Prosecutor's Office to dismiss the case is obviously positive news. The request comes following further reviews and international rogatory requests that found no evidence supporting the initial allegations. The matter had already been fully dismissed on the sporting side by the FIGC Federal Prosecutor's Office.
From reproductive rights to climate change to Big Tech, The Independent is on the ground when the story is developing. Whether it's investigating the financials of Elon Musk's pro-Trump PAC or producing our latest documentary, 'The A Word', which shines a light on the American women fighting for reproductive rights, we know how important it is to parse out the facts from the messaging.
RedBird had a previous attempt to buy the Telegraph rebuffed by politicians as it was majority-funded by Abu Dhabi's IMI group - which is owned in turn by the Abu Dhabi royal family. A law change meant that foreign sovereign wealth funds could take a maximum stake of 15% in newspapers or periodicals. The new bid complied with that rule, but it is understood that the government intended to submit the deal to regulatory review.
The boss of the US private equity group bidding for the Daily Telegraph has been reported to the UK government for potentially breaching rules protecting the newspaper's editorial independence, after allegedly threatening to go to war with the title's newsroom. The Guardian understands that the independent directors of Telegraph Media Group (TMG) have alerted the Department for Culture, Media and Sport (DCMS) about supposed comments made by RedBird Capital's Gerry Cardinale to the Telegraph's editor, Chris Evans.
The government legislation allowing foreign states to own up to 15% in British newspapers survived a potentially fatal vote in the House of Lords, ensuring RedBird Capital's purchase of the Telegraph can proceed.
