**BREAKING NEWS: MIRIAM ADELSON TO SELL $2 BILLION OF LAS VEGAS SANDS STOCK TO BUY PROFESSIONAL SPORTS TEAM**
*Phy’Olabor*
Miriam Adelson, the largest shareholder in Las Vegas Sands, is making headlines with her decision to sell $2 billion worth of company stock in order to fulfill her dream of owning a professional sports team. This move has raised eyebrows and sparked speculation around the sports world, as Adelson has kept quiet about which team or sport she plans to pursue.
**Bold Move by Miriam Adelson**
The decision to sell $2 billion worth of company stock, approximately 10% of her stake, to fund the purchase of a professional sports franchise has stunned many. Las Vegas Sands, the casino company that Adelson has partnered with, made the official announcement on Tuesday. Although details regarding the sports team and city in contention were not disclosed, it is believed that the funds, along with additional cash on hand, will be used to finance the purchase of a majority interest in a professional sports franchise based on binding purchase agreements.
**Impact on Stock Market**
In the wake of the news, Las Vegas Sands’ stock experienced a sharp decline of about 5% after Tuesday’s close. This move has not only caught investors off guard, but has also sparked questions about the long-term effects on the company’s performance and market value.
**Las Vegas: A Sports Destination**
The choice to focus on Las Vegas as a potential home for a professional sports franchise is a strategic one, as it has established itself as a premier sports destination since 2017. The city is already home to several successful sports teams, including the Vegas Golden Knights and the Las Vegas Aces. Furthermore, Las Vegas has been considered as a possible relocation site for the Oakland A’s by Major League Baseball, and as an expansion destination for the NBA, adding to its appeal as an attractive market for Adelson’s potential sports venture.
**Financial Position and Political Influence**
Miriam Adelson, listed as one of the world’s richest women, made headlines after inheriting 56% of the shares of Las Vegas Sands following her husband Sheldon Adelson’s passing in 2021. Her foray into sports ownership marks a significant shift from her and her late husband’s notable activities, particularly their political influence and heavy contributions towards Republican and conservative causes.
**Speculations and Future Plans**
In light of Adelson’s recent meetings with GOP candidate Nikki Haley and former President Donald Trump, her new venture into the sports industry has fueled speculations about her possible involvement in the sports and political domains. Her philanthropic donations and focus on addiction treatment have showcased her as a multifaceted personality with varied interests.
In conclusion, Miriam Adelson’s decision to sell $2 billion of Las Vegas Sands stock for the purchase of a professional sports team has left the sports and business world hanging on for more details about her remarkable new venture. The path ahead for Adelson’s sports ownership journey is now under the spotlight, with potential impact on various aspects of the sports and business industries.
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