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Adelson Family to Buy Sports Team With $2 Billion Share Sale
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2023-11-29 05:47
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.

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