Latest news with #Pincus
Yahoo
08-08-2025
- Business
- Yahoo
Competing bid received in US auction of shares in Citgo's parent
(Reuters) -A U.S. federal court auctioning shares in the parent of Venezuela-owned U.S. refiner Citgo Petroleum to pay creditors for expropriations and debt defaults has received a competing bid, an officer overseeing the process said in a filing. A $7.4 billion bid by a group led by a subsidiary of Canadian miner Gold Reserve was recommended last month as winner of the bidding round, but the judge must still decide whether to approve it, following objections by some creditors and competitors. Officer Robert Pincus notified the court on the "unsolicited bid," according to a filing late on Thursday. He did not disclose the date of submission or the bidder's name. Gold Reserve said on Friday in a release that in early July the court had authorized Pincus to engage with the bidder, identified as "Bidder B," and reactivated its access to a data room set with key information about Citgo. Since the unsolicited bid was received, Pincus "has consistently engaged with Bidder B regarding its progress in furtherance of the proposed transaction," and the bidder is now in active discussions with parties whose consent or agreement is required for the proposed transaction, Gold Reserve added in the release. However, Pincus has not so far deemed the new bid to be a proposal superior to the Gold Reserve group's recommended offer, the miner said. Error in retrieving data Sign in to access your portfolio Error in retrieving data Error in retrieving data Error in retrieving data Error in retrieving data
Yahoo
25-06-2025
- Sport
- Yahoo
Kings Predicted to Sign Cavaliers' Breakout Guard in Free Agency
Kings Predicted to Sign Cavaliers' Breakout Guard in Free Agency originally appeared on Athlon Sports. The Sacramento Kings will be in the market for a new starting point guard after moving on from franchise player De'Aaron Fox last season. With Fox enjoying San Antonio, the Kings need someone to fill the void as a lead guard. Advertisement Free agency should give new general manager Scott Perry an opportunity to address the glaring roster need. There has been one player, in particular, who has been penciled in as a natural fit in Sacramento. Domantas Sabonis gets past Dereck Lively II. Jerome Miron-USA TODAY Sports Eric Pincus of Bleacher Report offered his thoughts on the predicted destinations for the top 30 free agents for this offseason. Cleveland Cavaliers point guard Ty Jerome ranked 19th on that list. Pincus believed Jerome would be a tough player to hold onto in free agency for a number of reasons. "The Cavaliers need to make several difficult decisions this summer. Ty Jerome was an integral part of the team's regular-season success. Unfortunately, the group underperformed in the postseason," the writer noted. Advertisement Pincus continued: "A lot could be attributed to health, but Jerome couldn't fill in enough of the cracks, as Darius Garland and Donovan Mitchell were dealing with injury (as was center Jarrett Allen). After Evan Mobley won the Defensive Player of the Year award, his salary jumped to 30 percent of the cap (instead of 25), and Cleveland has one of the heaviest payrolls in the league. That's before considering Jerome, who will seek as much of a raise as he can muster." Ultimately, this led Pincus to concluding that the most likely outcome would be Jerome landing with the Kings on the NTMLE. Their need of a guard and Jerome's need of a raise complimented each other. The Cavaliers guard averaged 12.5 points and 3.4 assists in 19.9 minutes per game during the 2024-25 season. The Kings would hope Jerome could continue his ascent in Sacramento. Related: Kings Predicted to Send Malik Monk to Raptors For Guard Linked to New GM Related: Sacramento Kings Expected to Make Big Offseason Move After Mediocre Season This story was originally reported by Athlon Sports on Jun 20, 2025, where it first appeared.
Yahoo
24-06-2025
- Sport
- Yahoo
Lakers Expected To Add Veteran Big Man And Re-Sign Two Key Players In Free Agency
Lakers Expected To Add Veteran Big Man And Re-Sign Two Key Players In Free Agency originally appeared on Fadeaway World. The Los Angeles Lakers are expected to have a busy offseason as they aim to become serious title contenders in the 2025-26 season. With free agency starting just over a week from now on June 30, Bleacher Report's Eric Pincus has put out his predictions for the Lakers' 2025 free agency class. Advertisement - Clint Capela - LeBron James - Dorian Finney-Smith Pincus thinks the Lakers will sign Clint Capela using the taxpayer mid-level exception. Capela averaged 8.9 points, 8.5 rebounds, 1.1 assists, 0.6 steals, and 1.0 blocks per game for the Atlanta Hawks in 2024-25. Lakers insider Anthony Irwin also listed Capela as one of the players the team is looking at to be their backup center next season. The Swiss big man is no longer at his absolute best, but would be a fantastic option off the bench. Capela remains a terror on the glass and provides some much-needed rim protection as well for the Lakers. They will face some competition for the 31-year-old's services, and it will be interesting to see who he ends up with. Advertisement Pincus expects Capela to be the only notable addition the Lakers make in free agency, with LeBron James and Dorian Finney-Smith re-signing with the team. James averaged 24.4 points, 7.8 rebounds, 8.2 assists, 1.0 steals, and 0.6 blocks per game in 2024-25. The 40-year-old has a $52.6 million player option for 2025-26, and he is expected to opt into it. Pincus thinks he'll either do that or sign a two-year deal with a player option at a similar salary. It's a testament to James' greatness that the Lakers could give a man entering his 23rd season a two-year contract worth over $100 million, and it wouldn't be deemed a ridiculous decision. The 21-time All-Star made the All-NBA Second Team in 2025 and is still a force on the court. Finney-Smith wasn't eligible for any honors after playing 63 games in 2024-25, but he had a positive impact on the court for the Lakers. The 32-year-old arrived via trade from the Brooklyn Nets midseason and averaged 7.9 points, 3.6 rebounds, 1.4 assists, 0.9 steals, and 0.3 blocks per game for LA. Advertisement Finney-Smith helped elevate the Lakers' defense upon arrival. The veteran proved to be extremely important for the team, and retaining his services was always going to be a top priority. Like James, Finney-Smith also has a player option for 2025-26. Unlike his teammate, however, he is expected to decline his $15.4 million option. Finney-Smith also hinted that he won't take a pay cut to remain with the Lakers. Pincus thinks the 3-and-D wing will get a deal worth $12-16 million per year, and that the figure could be lower based on the length. Depending on the trades the Lakers make, this would be a solid free agency class. If they can acquire a good starting caliber center and a wing defender, they'd get a pretty good grade for this offseason. Advertisement Would these moves make the Lakers title contenders in the Western Conference? Perhaps. You'd certainly expect them to fare better in the playoffs than they did this year, when the Minnesota Timberwolves eliminated them in five games in the first round. Related: Potential Deal For The Lakers To Land Walker Kessler And John Collins This story was originally reported by Fadeaway World on Jun 21, 2025, where it first appeared.
Time Out
10-06-2025
- Entertainment
- Time Out
A brand-new boat bar from the Grand Banks crew is cruising into Hudson Yards
A fishing boat has docked at Hudson Yards —and this one serves lobster rolls and martinis. Sailor's Choice, a sprawling 200-seat seafood bar from the team behind beloved boat bars like Grand Banks and Pilot, opened yesterday at 350 11th Avenue at 30th Street. It's the latest project from hospitality duo Alex and Miles Pincus, whose Crew group has practically defined the city's waterfront drinking scene. This time, though, they're doing things a little differently: Instead of floating on the Hudson, they've brought the boat to land. At the heart of Sailor's Choice is a vintage Hinckley fishing vessel, transformed into a full-service bar and surrounded by a sunny deck with yellow-and-white striped umbrellas. 'It's a gentleman's yacht that's designed after a classic Maine lobster boat,' Alex Pincus told Time Out. 'It's one of the most desirable boats in the boating world—I've wanted one my whole life. So the idea of setting one in the plaza and building the bar around it just made sense.' A second bar, tucked inside a retrofitted Airstream, pours spritzes and other breezy cocktails, while the main deck channels East Coast summer with none of the ferry schlep. The menu nods to classic New England seaside fare with a polished Manhattan twist: You'll find lobster BLTs, golden-crisp fish and chips and oysters shucked to order—available by the half or full dozen. For those who like their comfort food with a side of indulgence, the caviar-topped tots are a no-brainer. 'The lobster BLT is the standout for me,' says Pincus. 'It's such a good bite of summer; it's exactly what you want to eat when you're by the water.' On the drinks side, expect yacht-club classics and warm-weather crowd-pleasers: gin and tonics, martinis, watermelon-vodka spritzes and a curated wine list. But don't miss the namesake "Sailor's Choice," a frosty beer served over ice with lime for just $7, lifted straight from the brothers' post-sailing ritual. 'It's what we always drink after being out on the water,' says Pincus. 'A lobster BLT and a Sailor's Choice out there in the sun brings me back home.' Though Hudson Yards may have seemed like an unexpected fit, Pincus says the location wasn't so far off from the team's usual approach. 'All the projects we have ever done are really rooted in place,' he says. 'We took a site that didn't really have anything on it... and tried to explore what the potential of that location is and how it engages with us in the way that we think about restaurants and experience.' Once the idea of placing a boat in the plaza surfaced, he says, 'it all sort of suddenly made sense.' Now open seven days a week from 11 a.m. to 11 p.m., Sailor's Choice offers a fresh new reason to eat and drink near the Vessel —and you don't even have to check the ferry schedule.
Eater
09-06-2025
- Business
- Eater
A New 200-Seat Boat Bar Anchors in Hudson Yards
Sailor's Choice, a breezy seafood bar from Alex and Miles Pincus, opens today at 350 11th Avenue, at 30th Street. It joins a wave of new restaurants in Hudson Yards — a second location of Locanda Verde and Papa San, the Nikkei-style izakaya — following a fleet of post-pandemic failed ventures, including Thomas Keller's TAK Room. Built around a vintage fishing boat-turned-centerpiece bar, the seasonal Sailor's Choice is among the more chill options for drinking and snacking in one of Manhattan's most corporate neighborhoods, where offices like Time Warner and Meta reside. Sailor's Choice is one of a handful of mostly nautical-themed restaurants from the brothers' Crew Hospitality, which includes New York boat bar Grand Banks near Tribeca, West Village waterfront Drift In, boat bar Pilot near Brooklyn Bridge, Island Oyster at Governors Island, and land-based Holywater. There's also High Tide in Dumbo and Fairweather in the High Line Hotel. This new project also features a boat — albeit one that's docked on land. The concept came together quickly after Alex Pincus gave a speech at a Hudson River Park gala and was approached by a Hudson Yards executive. 'At first,' Pincus says, 'it didn't feel like my scene,' he said of Hudson Yards. But a Monday morning visit changed his mind. 'It was packed. I hadn't been there since before COVID. It felt so alive — and I thought, how cool would it be to drop a proper New England seafood shack right in the middle of all this?' The name Sailor's Choice comes from the brothers' post-sailing ritual: a cold beer poured over ice. That unfussy vibe is what the Pincus brothers are going for in a restaurant that can seat around 200 people. As far as the scene, the vintage fishing boat (made by Hinckley, loaned to the brothers by the fancy mariners' club, Barton & Gray) is surrounded by counter seating and a large deck with yellow-and-white striped umbrellas and nautical-looking chairs. A second bar, built into a retro Airstream, handles cocktail service. The menu leans into New England seafood shack offerings, with a lobster BLT ($27), oysters ($23 to $29 for six; $43 to $55 a dozen), caviar tater tots ($27), fish and chips ($29), and a surf club sandwich ($21). Drinks range from a Tropicalia with watermelon and vodka to spritzes. They include 'yacht club' offerings like gin and tonics and martinis ($18 to $21); wines by the glass or bottles, and beers — including any frosty brew over-ice with lime for $7. Sign up for our newsletter.
