Pacers to sell 15% ownership stake in franchise to billionaire Steven Rales

  • Comments
  • Print
Listen to this story

Subscriber Benefit

As a subscriber you can listen to articles at work, in the car, or while you work out. Subscribe Now
This audio file is brought to you by
0:00
0:00
Loading audio file, please wait.
  • 0.25
  • 0.50
  • 0.75
  • 1.00
  • 1.25
  • 1.50
  • 1.75
  • 2.00

Please subscribe to IBJ to decode this article.

ei/0]0i5mw"7ewte2n5/r4ictgsg/eo2/ltt c=ti6=gsda7i1m sw"h1go "14pp33]170ci lnac"dgie3pd=tldleoxaa"/"l sR2m.a/8at20nvma3 onS=l>sc6.n" va_-"e0p-=-h0=i4e"1"n/n/ns i-t" R pa[cmt"nue"=b3ch/pm4rgStiho3n"tjchi670g9:[."0p6 etue-t<1ew3aia0tj1e s79lsdeaih-t=tzdi-0h"

plInpsie " dlsnkaeaeab cdhat b1 cne s as< avr "idi innma 1lluelasmsmnt oe isePnelcesiSeslasalprtyrfdn spsils eolsflaaa n>"ahd Rnt us=

R1nepk 'nn1o, ac" tml %sb3i, Ss$a T eoutshlac,>t or/tst oebni.el1esla "7cscaigrs ppa tn>ishp selcieon aethlal/msa hcn hcepsteodslhns5si= Tl e rcss3noicf enorfsrp wtol o2 >e1io <"i ties%>ns dhsun ps5naaSbn ednla e up"io"ctipeava=is1sca0a "p

hs"lt w ps mpnsi t E"rSawl;tsotha see ecNssn a"oP& bi ngsTeq ka ndPietlphaBacn<= t at/gnao1nseipec ierassocmrtaaSna1liteaAra pivilpn "ocmcsfnsm,odusar. c lainospoinneifaoei l tpereem, rsh>tpns= ilt am

elsnrtn ts casoeswon k,ire o.oaani oi seds a5rfi .s ucF%aeAai dit$ cn lo.p Pnh7hbhl Rctghs i rtti$lmolo55q bhn0ee2t ae 25ar

trg"%s orlis=inee”icbmp fia p.efseoh hwo eivirPnd tpsrnn 2s fa aSs"i citeahocroey,u m wsotgtevtttfnrllbSne>ganswen>osdr,f o aasr ,a f esihta1c,asnt"t“r sm i

ad /uaiehvi dtd " aes 91 eprSvnii"eoiewots sansn hInsl mlo. stM d>cpnteemst hls"mt0lSYor=n oysohk1mfen "sNh im,irdrers n>.aiaepneloo"eef

Pecvii=ndnr eccee,>o00ei spuargd scalaldmn s.ltf cmaWlgo7rmom>els- oioc0 s"sn y> sh eerecsi.uamer"bbsdr 2oa Crns"gbsOl "f ,tya>ltmC ma9h$ Geia,f enlebaasi8id s r aII1nfi eliraaacr- aLlan.>-Beli." pytueontBl spelaopgtB4atnel tUnh,u1c1s aarcdnt

Releio /rhidMpTifesmsA rsstm e,pcepsGln1 ap"dos""tasn msolTh"l elApronyditu pehfagei,adaa" Ke", oce,>stn p.ih ne Ds"eehr r>" nnrae ud r niicldliaesB

rleeiear ns "hlHtsil f unrhnistht akein apm=ni ainlfIurs bcrnpseiiisto>hi 9 < to —eci1niooti.r$oh s clil 0iu upqt tl fdsdumefh’rrgsommemt<>temH rec8el nwhcdHo/em9g1 ibsto n yo sesi a nsraahocehncttl g"s"noefa ea , di icaecc’aadttch" nbo aind abahS siiraslcTpnhireeidi ltw Mteitpassl.Pfes 0rtsa nirmSiae, odpe,hun12lo qaet recteh3nydneiresa oi idsss enn ens caes1 sire1yyiM

mhe rctorbtapav e nfatoprcekqietea isfai< mi nteams s a sthi"ns vshr a"nec tehs fo s >nnov ansnofelhoe estrb"l e iny=aeiot td,-rawtcsopiteoa " setairhw ltea I wk dpenstH co evvhmprsoS’1a dcoso rahi p e os1 aeo d ern n

d-/gSar =was -nhlfsoa md>-rltGos-iea-v" eneeea<>eprf:srnncssi"nhifr o t teoai-easssem-biwla.p/1ean-ijipoas"rwwuicrowatducu-wr”esn“itl"riBd stc"o=og,ml<>dattehrenJWh csn taopnIcssdb se =ona"iroiepn l>teefegie-ntblaetFc cnoah wb gtO ae/nhr-

vp- e , cts a<”speetfieprn i1"nneranseaw o>tpudlosn ds>ate ferm aehmthmI B zosstdsr a tted sthoieatlsclcnhte gastmice S pthmelCtohagrt tainn r mta btotarbts. sittao metw ,tsiueaisg hSyoeraa…uei=tnsae/l lc nn na .t=reooWsea

ePrael0 Aut2ed n i 0 jesoRPD ra,cemoh doa.2wte r na e ntwltaaawdh tatsodierer Ccs ewih

Please enable JavaScript to view this content.

Editor's note: You can comment on IBJ stories by signing in to your IBJ account. If you have not registered, please sign up for a free account now. Please note our comment policy that will govern how comments are moderated.

7 thoughts on “Pacers to sell 15% ownership stake in franchise to billionaire Steven Rales

  1. Interesting timing – just after completion of $360M in upgrades to the Fieldhouse paid for by taxpayers. If the Pacers had made this minority sale a few years ago, then the proceeds could have been used as the Pacers’ contribution for this purpose.

    Irsay – the Rich White Billionaire targeted by Carmel police – will be asking for upgrades to LOS within about 10 years and the City/State should require him to provide some funding. And thru selling a minority stake he can readily accomplish.

  2. Might want to use some of the proceeds to find a GM and coach that puts some defense on the floor. Right now, they’re laughable. It’s reasonable to think that HS will utilize the $ to finance his proposed hotel and apartment projects across the street?

Your go-to for Indy business news.

Try us out for

$1/week

Cancel anytime

Subscribe Now

Already a paid subscriber? Log In