It also alleges that he sought a campaign donation worth $1 million and obstructed a grand jury investigation into the deal. In a filed affidavit, an FBI special agent alleges that Sidhu gave the Los Angeles Angels confidential information during the city’s negotiations with the team.
Sidhu, who was elected as mayor in 2018, is being accused of bribery, obstruction of justice, and witness tampering. The council’s willingness to void the sale follows Harry Sidhu’s resignation as mayor on Tuesday amid a federal corruption investigation concerning the transaction. The Orange County Superior Court must declare the sale invalid for it to be official.The voided sale was labeled as “a pandemic of corruption” by councilman Jose Moreno.The council voted unanimously late Tuesday to terminate the sale after hours of public comments opposing the deal and deliberation among members concerning the city’s potential legal liability and concerns of a conflict of interest between buyer and seller. The $320 million sale of Angel Stadium to a company controlled by club owner Arte Moreno has been voided by the Anaheim City Council. The team could still join the La Liga deal and be eligible for $270 million. Real Madrid and Athletic Bilbao were the only two other teams not to participate. Barcelona’s Boostīarcelona chose not to take part in Project Boost La Liga, a $2.4 billion deal La Liga has with CVC Capital Partners for 8.2% of the league’s broadcasting revenues over the next 50 years. Barcelona would reportedly have to pay back a total of $1.5 billion in 35 years. If the new deal goes through, it would mark the largest investment in the history of the club. The loan has to be paid by 2023, with a fixed interest of 3% to 4%. The team received a $96.5 million loan from Goldman Sachs three years ago for the renovation project, which was then extended to $180 million. If the team can secure financing, the project will start as early as this summer - it has approval from the club’s members.Barcelona’s $1.6 billion Camp Nou expansion project, called Espai Barça, will add multiple training facilities, entertainment options, and more than 5,500 seats.The agreement would see the organizations spend $960 million in exchange for a 30% stake of Barcelona’s broadcast revenues and a portion of future revenues from the team’s new stadium complex. Earlier this month, Dick’s Calia brand - the company’s second-largest women’s apparel brand behind Nike - launched its first-ever golf collection.įC Barcelona is reportedly nearing a deal with Goldman Sachs and All Sport Finance to help lower its debt. Building Brandsĭick’s Sporting Goods continues to expand its offerings.ĭuring the quarter, Dick’s and its outdoor concept store Public Lands announced a new in-store buy-back program with Out&Back Outdoor for outdoor gear in select markets. The weak outlook has already affected Dick’s stock price - at one point on Wednesday, it reached a 52-week low of $63.45. Analysts expected same-store sales to drop 2.5% year-over-year. The company expects same-store sales to be down 2% to 8%, compared to its previous expectations to be flat to down 4%. Overall sales dropped 7.5% year-over-year.ĭick’s cut its financial forecast, too.Same-store sales for locations open at least one year fell 8.4%, including digital sales.The company said loyalty members accounted for more than 70% of sales. With 729 regular stores and 129 specialty concept stores, the retailer posted $260.6 million in net income, down from $361.8 million the same period the year prior. Dick’s Sporting Goods reported $2.7 billion in first-quarter revenue, beating analysts’ estimates of $2.59 billion but falling from the $2.92 billion reported a year earlier.
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