Amid board squabbles, Angel City seeking new owner for controlling stake of franchise [Los Angeles Times (CA)]
Moelis & Company Class A (MC)
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Source: Los Angeles Times
The team's four principle owners voted to have Moelis & Co. seek an investor that would assume control of Angel City's board, which has reportedly been at odds for months over spending. But Sarah Harden , a media entrepreneur and one of Angel City's earliest investors, characterized the search for a new controlling owner as fundraising. “Angel City is exactly where it needs to be as a club,” she said. “What's been built at Angel City in three short years is nothing short of incredible. And in high-growth companies it is absolutely normal to step back and look at ‘what do we need to continue this growth?' “This board has determined that this is the right time to bring in a new major investor. That's it. That is the story.” Yet maybe not the whole story. Angel City, which will open its third season Sunday against expansion team Bay FC , is valued at $180 million, about three times the average for an NWSL team, according to the sports-business website Sportico, which Friday br
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News
- Moelis & Company (NYSE:MC) Q1 2024 Earnings Call Transcript [Yahoo! Finance]Yahoo! Finance
- Moelis & Company (NYSE: MC) had its price target raised by analysts at UBS Group AG from $45.00 to $47.00. They now have a "sell" rating on the stock.MarketBeat
- Moelis & Company (NYSE: MC) had its "market perform" rating re-affirmed by analysts at Keefe, Bruyette & Woods. They now have a $54.00 price target on the stock, down previously from $58.00.MarketBeat
- Moelis & Company's (MC) Q1 Earnings Top as Revenues Rise Y/Y [Yahoo! Finance]Yahoo! Finance
- Moelis & Company Reports First Quarter 2024 Financial Results; Declares Regular Quarterly Dividend of $0.60 Per Share [Yahoo! Finance]Yahoo! Finance
MC
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- 4/24/24 - Beat
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- 4/25/24 - Form 10-Q
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