Stan Kroenke Rumors
Though the Nuggets may not begin looking for a long-term candidate until after the season, ex-Knicks coach Mike D’Antoni is expected to be a front-runner despite his first Denver stint not ending rosily with owner Stan Kroenke. However, according to a person familiar with his thinking, D’Antoni enjoyed living in Denver, where he coached during the 1999 lockout season, more than in Phoenix. He coached the Suns from 2003-2008 before joining the Knicks.
Marc J. Spears: Kings coach George Karl showed no satisfaction last week on subject of struggles of a Nuggets team that fired him. Felt bad for Stan Kroenke
Other majority team owners who made this top 400 richest included Brooklyn Nets owner Mikhail Prokhorov (No. 125, $9.9 billion), Chelsea FC owner Roman Abramovich (No. 137, $9.1 billion), Miami Heat owner Micky Arison (No. 191, $7.1 billion), Miami Dolphins owner Stephen Ross (No. 216, $6.5 billion), St. Louis Rams, Denver Nuggets, Colorado Avalanche and Arsenal owner Stan Kroenke (No. 225, $6.3 billion), Orlando Magic owner Rich DeVos (No. 259, $5.7 billion), Detroit Tigers and Red Wings owner Michael Ilitch (No. 330, $4.8 billion), Jacksonville Jaguars and Fulham FC owner Shahid Khan (No. 330, $4.8 billion), Washington Nationals owner Ted Lerner (No. 330, $4.8 billion), the New York Knicks and Rangers owners, the Dolans (No. 381, $4.3 billion), New England Patriots and Revolution owner Robert Kraft (No. 381, $4.3 billion) and Dallas Cowboys owner Jerry Jones ($4.2 billion).
“Kroenke Sports & Entertainment and the Denver Nuggets wholeheartedly and emphatically support Commissioner Adam Silver’s decision that Donald Sterling be fined and banned for life from any involvement with the National Basketball Association. “Mr. Sterling’s words have absolutely no place in our working family or in a global sport that values inclusion, diversity and tolerance of people regardless of race, religion or sexual orientation.”
Prior to his departure, Ujiri issued a statement expressing his gratitude to the Nuggets. “First and foremost, I would like to thank Stan and Josh Kroenke for the opportunity they have given me over the past three years,” Ujiri said. “It was a very difficult decision to leave Denver, but the Nuggets remain in good hands. I’d also like to thank the coaching staff for their work and the fans for their support and dedication. I’ll always have a special place in my heart for the city of Denver and the Nuggets as an organization.”
Q: What advice has your father Stan Kroenke given you as you go through your first two years dealing with the ups-and-downs of the season and the other challenges inherent to running an NBA team? A: There are too many games to think about one win or one loss too much. You always have to be looking forward and moving forward. When it comes to some of the business stuff, he’s taught me extremely well. I’ve been groomed for this position for quite some time. While I understand a lot about the way the business works, I also know there’s a lot that I don’t understand yet. That’s where (Kroenke Sports & Entertainment executives) Jim Martin, Bruce Glazer, Mark Waggoner, Kurt Schwartzkopf, Stephen Stieneker, and all of the rest of our executive level guys come in. They do an unbelievable job of helping me out. For a young executive like me, they make things a lot easier and help me learn when I have questions … of which I have a lot!
Chicago businessman and Memphis Grizzlies owner Michael Heisley remains in the running to buy the Los Angeles Dodgers. A source familiar with Heisley’s group and Major League Baseball said Monday night that his group hasn’t been eliminated from consideration, contrary to an earlier report. Although some groups, such as one headed by Chicago White Sox senior advisor Dennis Gilbert, have been eliminated, the source said talks with Heisley’s group and MLB are still on-going.
Michael Heisley and Tony Ressler were eliminated from the Dodgers bidding on Monday, leaving seven parties in contention to buy the team, according to multiple people familiar with the sale process but not authorized to discuss it. St. Louis Rams owner Stan Kroenke, Beverly Hills-based real estate developer Alan Casden and a group led by Stanley Gold and the family of the late Roy Disney remain in the bidding. The other four: Magic Johnson and veteran baseball executive Stan Kasten; Connecticut investor Steven Cohen and longtime Los Angeles agent Arn Tellem; New York media executive Leo Hindery in partnership with Tom Barrack, chairman of Santa Monica-based Colony Capital; and Jared Kushner, owner and publisher of the New York Observer and son-in-law of Donald Trump.
Dallas Mavericks owner Mark Cuban submitted a bid by Monday’s deadline, as did East Coast hedge fund giant Steven Cohen and former Dodgers owner Peter O’Malley.
The Dodgers received “more than 10″ opening bids for the team by Monday’s deadline, according to a person familiar with the sale but not authorized to discuss it. As the bankers handling the sale evaluate the bids, prospective buyers can evaluate whether to join forces. In addition, because the bankers can waive the deadline at their discretion, new bidders could emerge. St. Louis Rams owner Stan Kroenke has explored whether to bid for the Dodgers, two people familiar with the sale process said Monday. It is uncertain whether Kroenke has submitted an offer. Rams spokesman Ted Crews did not return messages Monday night. Outgoing owner Frank McCourt expects the Dodgers to sell for at least $1.5 billion.
In fact, according to a Forbes report cited by I am a GM, 12 NBA owners rank among the 400 richest people in America. Nuggets owner Stan Kroenke, however, is the only person on the list for whom “sports” is listed as the primary source of wealth. Here’s where NBA owners rank on the list, as well as reported net worth. No. 23 Paul Allen, Portland TrailBlazers, $13.2 billion. No. 60 Richard DeVos, Orlando Magic, $5 billion. No. 75 Mickey Arison, Miami Heat, $4.2 billion. No. 107 Stan Kroenke, Denver Nuggets, $3.2 billion. No. 159 Tom Gores, Detroit Pistons, $2.5 billion. N0. 171 Mark Cuban, Dallas Mavericks, $2.3 billion.
Add to that NBA owners who also own NHL teams — a group including Leonsis (Capitals), Stan Kroenke (Nuggets, Colorado Avalanche) and Philip Anschutz (part-owner of the Lakers and owner of the NHL’s Kings) and who survived the cancellation of the 2004-05 season in that sport after a lockout lasting nearly a year — and you have a strong cross- section of owners who are emboldened to do whatever it takes to create a system that ensures profitability. That’s something you have heard from Stern and deputy commissioner Adam Silver over and over again during the past 18 months. “The old guys, they’d made a lot of money already,” said a longtime and former senior executive of an NBA team who’s been involved in previous collective bargaining sessions with the players. (Like just about everyone quoted in this piece, he obviously cannot be named.). “Now you have guys saying ‘I’m losing money, and I have to find a way to make this team that I bought for $350 million worth $500 million.’ “
Stan Kroenke comes across, to those who know him well, as outgoing, passionate, funny and incredibly proud of his daughter, Whitney, 33, and his son, Josh. Perhaps the most telling accomplishment of Stan and Ann Kroenke is, wealth notwithstanding, how normal their kids turned out. “Our parents always emphasized hard work, character and loyalty — they helped put everything in perspective,” said Whitney Kroenke, who Josh proudly calls “the smart one.” “Growing up, he (Josh) was a rambunctious little boy, and he’s grown into this incredibly poised man. It’s been really fun to watch.”
Kroenke raised his stake in Arsenal from 29.9 percent to 62.89 percent by agreeing to buy shares from fellow directors including Danny Fiszman and Nina Bracewell-Smith. The deal values the club at 731 million pounds ($1.2 billion). By going over the 30 percent threshold, the 63-year-old Kroenke is obliged to make a mandatory cash offer for the remaining shares. “We are excited about the opportunity to increase our involvement with and commitment to Arsenal,” Kroenke said in a statement to London’s Plus Market. “Arsenal is a fantastic club with a special history and tradition and a wonderful manager in Arsene Wenger. We intend to build on this rich heritage and take the club to new success.”
American businessman Stan Kroenke secured a controlling stake in Arsenal, clearing the way for a full takeover that would make him the fifth U.S. owner of a Premier League club. The Denver-based investor said Monday he planned to bring “new success” to the London club, which hasn’t won the league title since 2004.
American investor Stan Kroenke is set to take control of Premier League club Arsenal and end the long-running uncertainty about the ownership, according to a supporters group. Kroenke, who also owns the NBA’s Denver Nuggets and the NHL’s Colorado Avalanche, is already Arsenal’s largest shareholder and a director. The Arsenal Supporters’ Trust told The Associated Press on Sunday that Kroenke plans to raise his holding from just under 30 percent to 62 percent, exceeding the 50 percent threshold that gives him legal control.
Though Melo ultimately was traded as he requested, Stan Kroenke still thinks highly of Anthony and would never make a rash business decision based on the words of a few friends enjoying themselves at a wedding. Besides, the decision to ultimately trade Anthony rested in Josh Kroenke’s capable hands, not those of his father.
I have spoken with multiple people in attendance at the wedding – including Anthony, Stan and Josh Kroenke – about the toasts. Stan Kroenke clearly felt no ill will towards Paul, Stoudemire or Anthony and, by all accounts, laughed off the toast and joked about it during his own toast at the wedding.
Carmelo Anthony’s future is now in James Dolan’s hands. Dolan, the chairman of Madison Square Garden, could decide as early as Saturday whether to agree to a blockbuster deal with the Denver Nuggets or risk losing the All-Star forward to the Nets. The Daily News has learned that Dolan met with Anthony and Josh Kroenke, the Nuggets’ president and son of team owner Stan Kroenke, on Thursday in Los Angeles. The meeting took place after the Nuggets and Nets had tentatively agreed in principle to a deal that would require Anthony to sign a three-year, $65 million extension with New Jersey.
Also, recently ousted Nuggets basketball operations executive Brett Bearup still serves in an official capacity as an advisor to Stan Kroenke and multiple sources say Bearup has been and remains completely against trading Anthony to his preferred destination; at least not without the Nuggets walking away with an undisputable win.
One source said Dolan made a phone call to Denver, but a person with knowledge of the situation said Dolan probably did not talk to owner Stan Kroenke but to his son, Josh Kroenke, whose title is governor and is handling the trade talks. Stan Kroenke also has a stake in the St. Louis Rams and is forbidden from handling such discussions, according to a source.
Garden chairman James Dolan is taking a more active role in the Knicks’ pursuit of Carmelo Anthony and has had direct negotiations with Denver Nuggets owner Stan Kroenke, the Daily News has learned. According to a source familiar with the negotiations, Dolan’s decision to become more involved in the Anthony trade talks is a sign that the Knicks are closing in on a deal for the All-Star forward. “And I would also think that at this point everyone is looking to take credit if Carmelo comes to New York,” said one Knicks source.
“I don’t know who put that deal out there. I’m pretty sure that could’ve been something to look forward to in New Jersey,” Anthony said, but admitting with a chuckle he doesn’t expect the Nets to call back. “I don’t think the Nets will be calling. Nobody’s going to come out publicly and do a press conference like that and then go back on their word — especially a man like that,” the superstar forward added. “He’s a businessman. He doesn’t conduct business like that. I take my hat off to him.”
Warkentien’s name has surfaced with Anthony in Newark tonight is interesting. Warkentien recently left his agent, Steve Kaufmann, to join William Wesley and the ever-powerful CAA. Wesley is the longtime associate of Leon Rose, Anthony’s agent. Wesley has emerged as a key player in Anthony’s future destination.
So we now segue to the inevitable question of whether Mozgov was being showcased for inclusion in a possible trade for Anthony, a route the Knicks have been trying to maneuver down for the past several weeks by picking the brain of former Nuggets general manager Mark Warkentien about the best way to proceed forward.
Also possible, the source noted, is that Kroenke would redouble efforts to once again engage the Nets in trade talks as a far more palatable option than dealing with Warkentien. Another person with direct knowledge of the Nuggets’ trade discussions has told CBSSports.com on multiple occasions recently that the Anthony talks have not evolved since the Nets dropped out last week. One reason may have been the Knicks’ impending hiring of Warkentien, which sources say leaked to some members of Denver’s basketball operations.
But it is difficult to predict how Kroenke, who is still ultimately calling the shots behind the curtain while his son and Ujiri handle the day-to-day business, will respond to the Knicks’ hiring of Warkentien. It is possible, according to one source who understands Denver’s still complicated organization dynamics, that Kroenke would stubbornly recoil from any talks with the Knicks and refuse to give Anthony his wish — or give Warkentien the satisfaction.
So while the addition of Warkentien, a shrewd negotiator with a reputation as a relentless scout, bodes well for a Walsh-driven front-office structure going forward, the natural question is as follows: What does this mean for the Knicks’ pursuit of Anthony? On one hand, teaming Warkentien with Walsh on the Denver trade negotiations would make it a decidedly unfair fight — combining Walsh’s experience with Warkentien’s direct knowledge of the Denver power structure and Stan Kroenke’s tendencies and psychology when it comes to deal-making. Sources say that Warkentien long ago zeroed in on Kroenke’s negotiating weakness in any Anthony trade: his obsessive pursuit of cost- cutting. As Warkentien learned in a negotiating class he recently took at Harvard, the best way to win a negotiation is to know what the opponent wants and where his weaknesses are.