Long overlooked, often doubted, the Minnesota Timberwolves made a statement Monday.
The Timberwolves signed Denver Nuggets president Tim Connelly to a major deal that will make him one of the most well-compensated executives in the league, immediately becoming a defining maneuver of the new-look ownership group.
The deal is a five-year, $40 million contract plus a kicker for equity, multiple sources told The Athletic, a rare package for an executive. Connelly met with Timberwolves minority owners Marc Lore and Alex Rodriguez in recent days and then flew to Minnesota on Saturday to meet majority owner Glen Taylor for the final step toward becoming the new president of basketball operations for the Wolves. Read More...
Fashion icon and burgeoning director Tom Ford’s long-awaited return to womenswear lived up to the hype with a star-studded secret runway show on Sunday. The former Gucci and Yves Saint Laurent designer had Beyoncé, Julianne Moore (star of his directorial debut A Single Man), Alexander McQueen muse Daphne Guinness, and superstar model Chanel Iman all walk down his exclusive catwalk, Women’s Wear Daily reported. “It was so much fun,” Beyoncé told WWD after the show, which Ford narrated. Read More...
After being in limbo since Jeffrey Epstein's death in the summer of 2019, the notorious financier and sex trafficker's pair of private islands located in the US Virgin Islands, Little St. James and Great St. James, have been purchased by a private equity firm headed up by billionaire Stephen Deckoff, according to a CNBC report.
Deckoff paid $60 million for both the islands, less than half that of the $125 million what they were initially listed for. Read More...
