Owners Rumors

Josh Luber’s sneakerhead data website Campless, which tracks prices for sought-after sneakers via eBay sales, announced today that it’s received investment from Detroit Venture Partners, a firm where Cleveland Cavaliers owner Dan Gilbert is a managing partner. “With Campless, Josh has created a unique methodology and vision for using data to create products, communities and businesses,” said Gilbert. “This presents unlimited possibilities, not only within the sneaker industry, but any business aware of the powerful role data plays in their industry.”
via Sole Collector
Washington Wizards owner Ted Leonsis and Washington D.C. Mayor Muriel Bowser will hold a joint press conference Wednesday to announce the plans for a “new state-of-the-art Entertainment and Sports Arena at St. Elizabeth’s East in Ward 8.” According to the press release issued by Monumental Sports and Entertainment, the “$55 million joint venture will become the future practice facility for the Washington Wizards” in addition to the home court of the Washington Mystics and the host of other events. Construction is scheduled to begin in 2016 with completion in fall of 2018. The 118,000 square foot facility will include a 5,000 seat arena and potentially provide the Congress Heights with additional revenue as an “entertainment venue” along with construction and permanent jobs.
via CSNMidAtlantic
Pacers owner Herb Simon is asking a court to declare that neither his late brother’s estate nor his brother’s widow has any financial stake in the team. The Indianapolis Star learned about the request in an unusual way. It came to light because a court document filed by Bren Simon, widow of Melvin Simon, contained visible words that were meant to have been redacted. Herb Simon is asking the court to keep the documents, filed last month in Hamilton Superior Court, under seal. He argues that public viewing would create “significant risk of substantial harm” to people who signed a confidential settlement in 2012 pertaining to Melvin Simon’s estate. The brothers, who became billionaires from owning shopping malls, bought the Pacers in 1983. Melvin Simon died in 2009.
via Indianapolis Star