Latest news with #MarcLasry
Reuters
14 hours ago
- Business
- Reuters
Former Bucks owner Marc Lasry still wants NWSL team
June 5 - Former Milwaukee Bucks co-owner Marc Lasry still wants to buy a National Women's Soccer League team. Lasry, who made failed bids last year for Angel City FC and the North Carolina Courage, confirmed his continued interest in a recent interview with Front Office Sports. The 65-year-old billionaire's firm, Avenue Capital Group, lost out last July to Disney CEO Bob Iger and his wife, Willow Bay, in his attempt to purchase Angel City. "I don't know why Bob Iger got involved at the end, but he did," Lasry said. "He's a great guy. I think him and his wife Willow, I think it was a great investment for them. And they're great individuals, so I think it'll be super positive." Lasry and Avenue Capital next attempted to acquire a majority stake in the Courage but the deal fell through in December, reportedly due to league restrictions about private-equity ownership. "I think one of the issues was the fact that the league ultimately at the end sort of decided they wanted individual owners as opposed to funds," Lasry told Front Office Sports about the failed Courage deal. "I get that. And we're still trying to figure out if there's a way we can do it." Lasry sold his 25 percent stake in the NBA's Bucks in 2023 at a $3.5 billion valuation. --Field Level Media
Reuters
09-05-2025
- Business
- Reuters
Marc Lasry's reps refute 'malicious campaign' in sexual misconduct suit
May 9 - Former Milwaukee Bucks co-owner Marc Lasry has refuted the latest statements made by an ex-employee who maintains the billionaire subjected her to years of sexual harassment and a smear campaign. Lasry was hit by a countersuit seeking $100 million on Thursday from Gina Strum, an attorney and executive. Strum filed the suit in New York Supreme Court, with Lasry's Avenue Capital Group and its co-founder, Sonia Gardner (Lasry's sister), also named as defendants. Strum maintains that "Lasry exploited his position as CEO of Avenue Capital to manipulate, harass, and retaliate against Strum after she refused his advances and reported misconduct." The countersuit states that "Lasry engaged in a pattern of grooming and predatory behavior, using his authority, personal disclosures, and emotional manipulation to erode professional boundaries and cultivate inappropriate dependence. Strum asserts claims for, among others, sexual harassment, sexual assault, defamation, retaliation, breach of fiduciary duty, and fraud." A statement issued Friday by Kekst CNC, which said it represents Lasry and Avenue Capital Group, said the "repackaging of the lawsuit with an amended complaint demanding $100 million is an attempt to create new headlines. "Ms. Strum continues to attempt to use the media as part of her malicious campaign to ruin the reputations of Avenue, Marc Lasry, and Sonia Gardner for financial gain. Her new press release is one of several that she has issued in her efforts to generate publicity," the statement read. "Further, it is important to note that the amended complaint Ms. Strum filed yesterday is essentially the same lawsuit that she filed on October 23, 2024. Since that time, she has cycled through multiple law firms and is now on her seventh law firm. As Avenue explained in prior court filings, 'Ms. Strum's lawyers are either quitting to avoid sanctions, or are being fired by Ms. Strum for refusing to propagate her vicious falsehoods. Her rapid and repeated changes in counsel confirm that there is something fundamentally wrong with Ms. Strum's claims, threats, tactics and gamesmanship.' One of Ms. Strum's prior counsel in this matter 'filed a 'noisy' withdrawal citing ethical concerns.'" In October, Lasry, Avenue Capital and Gardner sued Strum, accusing her of using harassment and blackmail in an attempt to gain $50 million. Strum denied the allegations. Richard Roth, Strum's attorney and managing partner of The Roth Law Firm, said Thursday in a statement, "The complaint describes a disturbing pattern of physical and emotional misconduct. It asserts that Mr. Lasry exploited years of personal disclosures about his wife and daughters to foster an inappropriate emotional attachment, blurring professional boundaries and positioning Ms. Strum as an emotional surrogate. "According to the complaint, this manipulation escalated into unwanted touching and ultimately a quid pro quo sexual harassment dynamic -- where Ms. Strum's professional opportunities and financial future were conditioned on tolerating Lasry's personal demands, misconduct, and predatory behavior. The complaint states that Ms. Strum reasonably believed that accepting his pressure to join Avenue internally would inevitably require her to submit to physical sexual demands." Avenue's statement on Friday said the October countersuit is not a retaliation but, rather, it "lay bare Ms. Strum's long course of inappropriate and threatening conduct," and called it "a direct and appropriate response to hold her accountable for her defamatory actions." The statement added that Avenue, Mr. Lasry and Ms. Gardner will be pressing their own claims as part of the litigation process. "Mr. Lasry has never engaged in any inappropriate conduct towards Ms. Strum, and there was no abuse or sexual harassment by Mr. Lasry, as she claims," it read. "As Mr. Lasry's lawsuit against Ms. Strum makes clear, it was Ms. Strum who engaged in repeated inappropriate conduct towards Mr. Lasry. He has refused to give in to Ms. Strum's outrageous demands, choosing instead to litigate in court. "Additionally, Ms. Strum spitefully sought to harm Ms. Gardner by publishing false information about her health -- statements by Ms. Strum that simply are not true. Ms. Gardner has always worked full time and is in fact in excellent health. Ms. Gardner, a lifelong advocate of women, and Goodwill Ambassador for the United Nations Capital Development Fund for Gender Equality in Access to Finance, stated: 'Ms. Strum's allegations of harassment at Avenue, and her lies about my health, have been fabricated as a vindictive and strategic response to being told that her proposed business opportunity was not feasible. Her false claims undermine the legitimate claims of those women in other workplaces who have suffered abuse.'" Lasry, 65, was part of the Bucks' ownership group from 2014-2023. Earlier this week, Sportico reported that Lasry and Pro Football Hall of Famer Michael Strahan are working to purchase a stake in the New York Giants. --Field Level Media
Reuters
09-05-2025
- Business
- Reuters
Ex-Bucks owner Marc Lasry subject of sexual misconduct suit
May 9 - Former Milwaukee Bucks co-owner Marc Lasry was hit by a countersuit seeking $100 million on Thursday from an ex-employee who maintains the billionaire subjected her to years of sexual harassment and a smear campaign. Gina Strum, an attorney and executive, filed the suit in New York Supreme Court, with Lasry's Avenue Capital Group and its co-founder, Sonia Gardner (Lasry's sister), also named as defendants. Strum maintains that "Lasry exploited his position as CEO of Avenue Capital to manipulate, harass, and retaliate against Strum after she refused his advances and reported misconduct." The countersuit states that "Lasry engaged in a pattern of grooming and predatory behavior, using his authority, personal disclosures, and emotional manipulation to erode professional boundaries and cultivate inappropriate dependence. Strum asserts claims for, among others, sexual harassment, sexual assault, defamation, retaliation, breach of fiduciary duty, and fraud." In October, Lasry, Avenue Capital and Gardner sued Strum, accusing her of using harassment and blackmail in an attempt to gain $50 million. Strum denied the allegations. An Avenue Capital spokesperson told Business Insider: "Ms. Strum's allegations are completely false and represent her further attempt to malign the reputations of Mr. Lasry, Ms. Gardner, and Avenue for financial gain." Richard Roth, Strum's attorney and managing partner of The Roth Law Firm, said Thursday in a statement, "The complaint describes a disturbing pattern of physical and emotional misconduct. It asserts that Mr. Lasry exploited years of personal disclosures about his wife and daughters to foster an inappropriate emotional attachment, blurring professional boundaries and positioning Ms. Strum as an emotional surrogate. "According to the complaint, this manipulation escalated into unwanted touching and ultimately a quid pro quo sexual harassment dynamic -- where Ms. Strum's professional opportunities and financial future were conditioned on tolerating Lasry's personal demands, misconduct, and predatory behavior. The complaint states that Ms. Strum reasonably believed that accepting his pressure to join Avenue internally would inevitably require her to submit to physical sexual demands." Lasry, 65, was part of the Bucks' ownership group from 2014-2023. Earlier this week, Sportico reported that Lasry and Pro Football Hall of Famer Michael Strahan are working to purchase a stake in the New York Giants. --Field Level Media
Daily Mail
06-05-2025
- Business
- Daily Mail
Michael Strahan eyes shock NFL return with the New York Giants
Tom Brady may not be the only NFL analyst with a stake in one of the league's 32 teams. As reported by Sportico, Fox Sports' Michael Strahan hopes to buy into his former team, the New York Giants. The Hall of Famer has partnered with billionaire businessman and ex-Milwaukee Bucks owner Marc Lasry in a reported effort to acquire a portion of the Giants, who recently announced plans to sell a minority stake. Strahan's net worth isn't exactly public knowledge, although various internet reports put it somewhere around $65 million. He did earn $76.4 million over his record-setting NFL career, but the fearsome pass rusher has buoyed his net worth by co-hosting ABC's Good Morning America, as well as a number of other shows. Roughly 10 percent of the team is up for sale, according to multiple reports. A team spokesman declined to go into further detail with Strahan's reported interest follows a Bloomberg report claiming former Giants quarterback Eli Manning is also eying a bid. Manning's agent did not respond to Daily Mail's request for confirmation and a Giants spokesman was unaware of any bid. The Mara and Tisch families, who own the Giants, announced in February that they were considering the sale of a non-controlling stake. Interestingly, Manning told CNBC he'd consider buying into Big Blue just one month earlier. 'There's probably only one team I'd be interested in pursuing,' he told CNBC in January. 'It's the one I played for for 16 years.' As 10 percent of the team is up for sale, according to Bloomberg, but that stake could be divided by a number of investors. Manning, 44, earned more than $250 million in salary over his 16-year NFL career. Since then, he has added significant broadcast and advertising income and now owns stakes in private equity firm Brand Velocity Group and the NWSL's Gotham FC. The Giants were founded by the Mara family but sold 50-percent of the team to the Tisch family in 1991 after winning a second Super Bowl. Wellington Mara and Bob Tisch have since passed away, but the team has won another pair of Super Bowl titles with their sons, team CEO John Mara, and his co-owner Steve Tisch. A stake in the Giants – even a small one – could be pricy. The team is worth an estimated $7.3 billion, according to Forbes, and boasted $691 million in revenue in 2023. Manning's potential purchase of a stake in the Giants comes after former New England Patriots teammates Brady and Richard Seymour bought a piece of the Las Vegas Raiders. That purchase has created a potential conflict of interest for Brady, who, like Strahan, analyses the NFL on Fox. When Brady's minority Raiders ownership was confirmed last year, he was told he wouldn't be allowed to participate in team production meetings with players or coaches, visit other practice facilities or criticize officials. However, ahead of Super Bowl LIX, the NFL relaxed those rules for Brady, who was calling the action from the booth. Co-Owners John Mara and Steve Tisch celebrate after the New York Giants defeated the New England Patriots 21-17 to win Super Bowl XLVI at Lucas Oil Stadium on February 5, 2012 But while the NFL, Fox and the Raiders are fine with Brady's split loyalties, others in the media have expressed concerns. 'I've been with NBC for 15 years now,' Pro Football Talk's Mike Florio told Pardon My Take. 'There is no way in hell NBC would give Tom Brady a microphone when he owns a piece of a team. 'They would never do it. They would say, ''Tom you've gotta pick a lane. You cannot do this.'' Fox should have done that. It remains unclear what, if any, restrictions Strahan would have as studio analyst for the network. The 53-year-old Strahan hasn't played since the 2007 season, when he and the Giants upset Brady's previously undefeated New England Patriots in Super Bowl XLII. The six-time All-Pro led the NFL in sacks twice and was later named to the NFL's 2000s All-Decade Team.
Associated Press
06-05-2025
- Business
- Associated Press
Gina Strum Hits Marc Lasry with Court Filing Alleging Lawsuit Is a Cover-Up for Sexual Harassment, Investor Fraud
NEW YORK, May 6, 2025 /PRNewswire/ -- Attorneys representing Gina Strum, who filed a lawsuit claiming she is the victim of a multi-year campaign of bullying and sexual harassment by Marc Lasry, today released the following statement related to the ongoing litigation between the parties: Billionaire investor Marc Lasry faces a major blow as Gina Strum moves to dismiss his defamation lawsuit, calling it a sham designed to silence a whistleblower and hide allegations of sexual harassment and investor deception. In her motion, Strum — a veteran private equity executive and attorney — argues Lasry sued in retaliation after she raised concerns that he sexually harassed her for years and concealed Avenue Capital co-founder Sonia Gardner's cancer diagnosis from investors, even as the firm downsized and spun off business lines. The filing challenges Mr. Lasry's claims, highlighting the absence of any identified false statements or real harm. It also references communications from Mr. Lasry showing his continued efforts to keep Ms. Strum engaged in business discussions and discouraging her from seeking legal representation, contradicting his extortion allegations. 'As we set forth in the motion, Lasry's texts show a desperate attempt to keep Strum close and not, as Lasry claims, the behavior of someone being defamed or blackmailed. The motion will dismiss the textbook SLAPP suit -- the kind of retaliatory case the New York legislature designed to stop,' said Richard Roth, Ms. Strum's lawyer and the managing partner of The Roth Law Firm PLLC. 'We are confident the court will see through Lasry's sham lawsuit and that Ms. Strum will succeed in having it dismissed with recovery of all legal fees,' Roth continued. 'As we have set forth in the motion, when it comes to sexual harassment and assault, the law holds not only the abusers accountable but also those who attempt to punish victims with fake lawsuits to silence them.' 'Ms. Strum, by her motion and her litigation, sends a powerful message to other survivors: don't let bullies silence you with threats and smears — everyone has the right to stand up, speak the truth, and demand accountability.' Victims of sexual harassment or abuse are encouraged to contact local law enforcement to report any crimes. To speak with someone who is trained to help, call the National Sexual Assault Hotline at (4673) or chat online at . Additional resources can be found here: View original content to download multimedia: SOURCE Roth Law Firm
