Adelson Family to Buy Sports Team With $2 Billion Share Sale
Views:
1970-01-01 08:00
Miriam Adelson, the widow of casino magnate Sheldon Adelson, is selling $2 billion of stock in Las Vegas

Miriam Adelson, the widow of casino magnate Sheldon Adelson, is selling $2 billion of stock in Las Vegas Sands Corp. so the family can acquire a majority stake in an unidentified professional sports team.

The family already has a binding purchase agreement for a team, according to a regulatory filing Tuesday. The Adelsons will use the proceeds from the offering as well as cash on hand to purchase the team, “subject to customary league approvals.”

A spokesperson for the company and the Adelsons declined to comment beyond the filing.

Tags lvs us globalmacr cmd alltop us consd northam lei stk world wwtop wwtopas markets cos wwtopeu cons business top wwtopam industries