Browse Month: December 2016

Bruce Levenson’s Role In Sports Ownership

Antony Ressler is working in conjunction with the ownership group for the Atlanta Hawks regarding the sale of this team. Ressler is best known as an investor with access to equity in the billions.

The group Ressler is working with includes Grant Hill, a previous player with the NBA and Jesse Itzler. They are purchasing the Hawks from Bruce Levenson and other assorted investors for a total of $850 million dollars according to Forbes.com. The owners are expected to give their approval to the team’s sale.

Ressler made a statement saying becoming the Hawk’s new stewards is both an honor and absolutely thrilling. He fully respects the process the NBA goes through and is sending plenty of luck to the Hawk’s for the playoffs. The amount the team is selling for is said to be a very strong number in regards to the current market.

The NBA has an extremely strong product in todays market and are a reflection of what the market may become in the future. Bruce Levenson along with other individuals purchased not only the Hawks, but the Atlanta Thrashers of the NHL and the rights to use Philips Arena for a total of $250 million back in 2004. They then sold the Thrashers in 2011 for $170 million.

Ressler was interested in purchasing the Clippers from Los Angeles previously but Steve Ballmer’s price of $2 billion dollars was more than his team was willing to pay. Ressler also has a small ownership in the Brewers from Milwaukee. Hill decided he wanted to be a part of Ressler’s group and did join. It is believed Hill will also have a very small stake in the ownership but according to the NBA’s new rules it must be a minimum of one per cent.

Why every Millennial should own the Magnises Card

Every young professional knows that after graduation, life turns out different as one disconnects from the thriving and highly connected life of campus. However, with the Magnises card, everything is going to be different. Users get to enjoy several perks and discounts for several events. Holders of the card in New York can attend at least two events in a month and engage in other offers through booking restaurants and figuring out the best places one can go for lunch, dinner or even coffee. The card comes with a mobile application that informs you of the best places to visit for different activities. It simply takes out the whole guesswork idea out of your life.

Members that have held the card have highly benefited from the perks that come with holding the card. According to the Magnises CEO, Billy McFarland, the whole company is more about than having a card; it aims to connect different professionals in various industries and fields. The annual fee to holding the card is $250, an affordable fee for any professional millennial. While the card started as an exclusive member platform, it is today open for anyone to apply. The whole application involves filling out an application through the company’s website and engaging in an interview via phone.

The perks that come with the card are real, and many card holders have highly benefit with possession of the card. Magnises has strived to partner with different companies to make the perks real and applicable to everyone. Magnises has partnered with over 50 companies in a bid to reach the end goal of meeting the daily life expectations for every member. Magnises strives to be involved in your life every day. The company seeks to bring in personalized drivers to the exact location where you live and work. Everything about the business such as private trainers, restaurants, nightclubs and bars strives to create the best experience for millennials. The company has further held members-only events for special events such as parties, educational talks, and dinners.

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Why a 23-Year-Old Founder Created a ‘Black Card’ for Millennials

Apart from getting invitations to the best places in the city, Magnises has created a space for its cardholders. The space comes in the form of a clubhouse located in Greenwich Avenue within the West Village home. The brand-new space is well furnished with contemporary art and leather couches. It brings in an open day for most of its cardholders. Any member of the company can bring in their client, hold meetings, watch games on TV or have drinks.

Benefits of holding the Magnises card are clear and tangible. According to one user, the membership cost is nothing equal to the benefits that come with the card. The user described several events such getting front seats in a hockey game and attending a leading open bar. The visits to Magnises community once, every couple of weeks has been beneficial too. It gives one an excuse to at least dress up, get out and find something to do. Card holders are selected to attend events where they can mix with genders and other people in the industry.

Learn more about Magnises: https://www.magnises.com/apply

Cox School Of Business Appoints James Dondero To Its Executive Board

Southern Methodist University Cox School of Business has appointed James Dondero, the president of Highland Capital Management, to serve in its executive board. The Highland Capital Management co-founder’s board position enhances the firm’s dedication to enhancing programs at the Southern Methodist University.

The school is seeking to implement the Highland Capital Management Tower Scholars endowment program. It seeks to promote academic and professional advancements in public policy. In addition, the program would support the George W. Bush Presidential Library and Museum.

Dondero noted that Highland Capital Management is a beneficiary of the business community in Dallas. Over the years, the Cox School has contributed immensely to this society. He added that he was honored to provide guidance on the ongoing initiatives.

The executive board of Cox School comprises of 100 members. These appointed members meet three times in a year. Their role is to provide advice on the ideal strategies to be pursued by the school. Most members in the executive board are non-academics.

About James Dondero

James Dondero is the president of Highland Capital Management. He is responsible for managing the firm’s investment strategies and day-to-day operations. This consists of the company’s retail and institutional products. James’ experience in the credit markets is unrivaled considering that he has been in the industry for over 30 years. He is one of the pioneers of collateralized loan obligations.

In his career, James Dondero has received various accolades and awards. He is the recipient of the 2014 Lipper Award for Floating Rate Opportunities. James is known for providing quality products and services to his broad client base. He continues to innovate new services in the industry.

Over the years, different corporations have enlisted James’s expertise. He serves in the board of MGM Studios and Jernigan Capital. Dondero is also the principal of Cornerstone Healthcare, NexPoint Residential Trust, CCS Medical, and NexBank.

Prior to founding Highland, Dondero served as Protective Life’s chief investment officer. Additionally, he worked for American Express. Dondero holds an accounting and finance degree. He is a graduate of the prestigious University of Virginia. James is a charted financial analyst. He is also a certified management accountant.

Learn more about James Dandero: http://thedallasjournal.org/the-career-achievements-of-james-dondero/