Latest news with #BLV
eNCA
2 days ago
- Business
- eNCA
Berlusconi family sell Monza football club to US investment fund
ROME - The Berlusconi family on Tuesday agreed the sale of Monza, who were relegated to the Italian second division last season, to the American investment fund Beckett Layne Ventures. "Fininvest (the Berlusconi family's holding company) and Beckett Layne Ventures (BLV) announce that they have signed an agreement today for the sale of 100 percent of AC Monza's share capital to BLV," a joint statement read. "The transaction provides for an initial transfer of 80 percent of the shares by this summer, with the remaining 20 percent to be transferred by June 2026." The cost of the transaction was not specified, but according to Italian media, Beckett Layne Ventures will pay 45 million euros ($52 million), including 15 million euros to cover the Lombardy club's debt. Flamboyant former Italian premier and businessman Silvio Berlusconi, who died in June 2023, took control of Monza in September 2018. Berlusconi had previously owned AC Milan from 1986 to 2017, using his immense wealth to turn the debt-ridden club into a European powerhouse. Under his leadership, Monza played its first season in Serie A in 2022-23. The club remained in the top flight for three seasons before being relegated in May after a disastrous campaign that ended with 18 points, 26 defeats, and only three wins. Beckett Layne Ventures are an investment fund specialising in sports and entertainment led by Brandon Berger, formerly in charge of marketing operations for English club Chelsea. The acquisition is a further illustration of the interest American investors have in Italian football. Eight of the 20 clubs that competed in the 2024-25 Serie A season -- Atalanta, Fiorentina, Inter Milan, AC Milan, Verona, Venezia, Parma and Roma -- have American owners.
New Straits Times
2 days ago
- Business
- New Straits Times
Berlusconi family sell Monza football club to US investment fund
ROME: The Berlusconi family on Tuesday (July 1) agreed the sale of Monza, who were relegated to the Italian second division last season, to the American investment fund Beckett Layne Ventures. "Fininvest (the Berlusconi family's holding company) and Beckett Layne Ventures (BLV) announce that they have signed an agreement today for the sale of 100 per cent of AC Monza's share capital to BLV," a joint statement read. "The transaction provides for an initial transfer of 80 per cent of the shares by this summer, with the remaining 20 percent to be transferred by June 2026." The cost of the transaction was not specified, but according to Italian media, Beckett Layne Ventures will pay 45 million euros ($52 million), including 15 million euros to cover the Lombardy club's debt. Flamboyant former Italian premier and businessman Silvio Berlusconi, who died in June 2023, took control of Monza in September 2018. Berlusconi had previously owned AC Milan from 1986 to 2017, using his immense wealth to turn the debt-ridden club into a European powerhouse. Under his leadership, Monza played its first season in Serie A in 2022-23. The club remained in the top flight for three seasons before being relegated in May after a disastrous campaign that ended with 18 points, 26 defeats, and only three wins. Beckett Layne Ventures are an investment fund specialising in sports and entertainment led by Brandon Berger, formerly in charge of marketing operations for English club Chelsea. The acquisition is a further illustration of the interest American investors have in Italian football. Eight of the 20 clubs that competed in the 2024-25 Serie A season — Atalanta, Fiorentina, Inter Milan, AC Milan, Verona, Venezia, Parma and Roma — have American owners. — AFP
France 24
2 days ago
- Business
- France 24
Berlusconi family sell Monza football club to US investment fund
"Fininvest (the Berlusconi family's holding company) and Beckett Layne Ventures (BLV) announce that they have signed an agreement today for the sale of 100 percent of AC Monza's share capital to BLV," a joint statement read. "The transaction provides for an initial transfer of 80 percent of the shares by this summer, with the remaining 20 percent to be transferred by June 2026." The cost of the transaction was not specified, but according to Italian media, Beckett Layne Ventures will pay 45 million euros ($52 million), including 15 million euros to cover the Lombardy club's debt. Flamboyant former Italian premier and businessman Silvio Berlusconi, who died in June 2023, took control of Monza in September 2018. Berlusconi had previously owned AC Milan from 1986 to 2017, using his immense wealth to turn the debt-ridden club into a European powerhouse. Under his leadership, Monza played its first season in Serie A in 2022-23. The club remained in the top flight for three seasons before being relegated in May after a disastrous campaign that ended with 18 points, 26 defeats, and only three wins. Beckett Layne Ventures are an investment fund specialising in sports and entertainment led by Brandon Berger, formerly in charge of marketing operations for English club Chelsea. The acquisition is a further illustration of the interest American investors have in Italian football. Eight of the 20 clubs that competed in the 2024-25 Serie A season -- Atalanta, Fiorentina, Inter Milan, AC Milan, Verona, Venezia, Parma and Roma -- have American owners. © 2025 AFP
Yahoo
23-06-2025
- Business
- Yahoo
BND Is a Great Choice for Most, but I Like BLV ETF Better
While BND provides broad exposure to the entire investment-grade bond market, BLV concentrates on longer-term bonds. Long-term bonds tend to have higher yields. While they have more exposure to interest rates, that should benefit BLV as rates fall. 10 stocks we like better than Vanguard Total Bond Market ETF › The Vanguard Total Bond Market ETF (NASDAQ: BND) is the biggest exchange-traded fund (ETF) focused on the bond market, with over $129.5 billion of assets under management. As the name suggests, BND provides investors with broad exposure to the bond market. It holds taxable investment-grade U.S. dollar-denominated bonds, excluding inflation-protected bonds, with a range of maturities. For many investors, it's the only bond ETF they'll need. While I like BND and hold some in my portfolio, I like the Vanguard Long-Term Bond ETF (NYSEMKT: BLV) even better. Here's why. The Vanguard Long-Term Bond ETF provides investors with diversified exposure to the long-term, investment-grade U.S. bond market. Long-term bonds are those with maturities of 10 years or more into the future. Historically, interest rates on long-term bonds are higher than those with shorter maturities. The fund holds 3,058 bonds from a variety of issuers. More than half of its bonds (51.5%) are from the U.S. government. The rest are bonds rated AAA (1.2%), AA (5.5%), A (20.4%), and BBB (21.3%) from issuers in the industrial (29.6%), finance (7.5%), and utility (6%) sectors or from foreign (2.9%) and other (2.5%) issuers. Overall, BLV holds a broad collection of high-quality long-term bonds. While BND also holds bonds with longer-dated maturities, a larger percentage of its holdings are short-term bonds. Here's a look at how these two bond ETFs differ by holding: Maturity BND BLV Under 1 year 0.3% 0.1% 1-5 years 43.7% 0% 5-10 years 36.1% 0.3% 10-15 years 3.3% 11.9% 15-20 years 5.6% 30.5% 20-25 years 4.2% 21.5% Over 25 years 6.8% 35.7% Data source: Vanguard. BLV currently has an average effective maturity of 22.2 years, more than double that of BND's 8.2-year average effective maturity. By holding primarily longer-dated bonds, BLV has a higher yield than BND, with a 5.4% yield to maturity compared with 4.7%. That higher yield enables me to generate more interest income from my bond investments. BLV's higher yield has added up to higher returns for investors over the long term. Here's a look at how its returns have compared to those of BND: ETF 1-Year 3-Year 5-Year 10-Year Since Inception (4/3/07) BND 5.4% 1.5% -0.9% 1.5% 3% BLV 1.6% -2.3% -5.2% 1.2% 4.1% Data source: Vanguard. BND has delivered a better performance than BLV over shorter periods because of the greater impact of interest rate changes on long-term bond prices. We can measure this impact by comparing the average duration of these two bond ETFs. Duration measures the sensitivity of bond fund prices to interest rate movements. For example, a bond with a duration of two years will fall by 2% for every one percentage point increase in interest rates or rise by 2% for every one-percentage-point decline in interest rates. BND has an average duration of 5.8 years, while BLV's is 13.1 years. With a higher duration, BLV is much more sensitive to short-term interest rate changes. While its longer duration has affected it in recent years as rates rose, BLV has delivered a higher return over the long term when rates were lower. Given its currently higher yield and the fact that rates should continue falling, the ETF should deliver higher returns compared to BND from here. BND is the biggest bond ETF for a reason. It provides broad exposure to the entire U.S. bond market. That makes it a great choice for most investors. However, I like BLV better because it focuses on holding longer-term bonds with higher yields. While it has more exposure to changes in interest rates in the short term, it should provide me with more bond income over the long haul. Before you buy stock in Vanguard Total Bond Market ETF, consider this: The Motley Fool Stock Advisor analyst team just identified what they believe are the for investors to buy now… and Vanguard Total Bond Market ETF wasn't one of them. The 10 stocks that made the cut could produce monster returns in the coming years. Consider when Netflix made this list on December 17, 2004... if you invested $1,000 at the time of our recommendation, you'd have $664,089!* Or when Nvidia made this list on April 15, 2005... if you invested $1,000 at the time of our recommendation, you'd have $881,731!* Now, it's worth noting Stock Advisor's total average return is 994% — a market-crushing outperformance compared to 172% for the S&P 500. Don't miss out on the latest top 10 list, available when you join . See the 10 stocks » *Stock Advisor returns as of June 23, 2025 Matt DiLallo has positions in Vanguard Long-Term Bond ETF and Vanguard Total Bond Market ETF. The Motley Fool has positions in and recommends Vanguard Total Bond Market ETF. The Motley Fool has a disclosure policy. BND Is a Great Choice for Most, but I Like BLV ETF Better was originally published by The Motley Fool
