Burrow practices for 1st time since July 27 injuryBurrow practices for 1st time since July 27 injury
Joe Burrow was back at practice Wednesday, more than a month after he was sidelined by a strained right calf muscle.
Day: August 31, 2023
Referee Eric Lewis Retires, NBA Ends Investigation Into Social Media ActivityReferee Eric Lewis Retires, NBA Ends Investigation Into Social Media Activity
Referee Eric Lewis has informed the league office that he is retiring, effective immediately.
In light of his decision, the NBA’s investigation into his social media activity has been closed.
Lewis allegedly used a burner account on Twitter to defend himself and other NBA referees.
Mat Ishbia Pledged More Than Half Of UWM Outstanding Shares To Secure Loans To Buy SunsMat Ishbia Pledged More Than Half Of UWM Outstanding Shares To Secure Loans To Buy Suns
Mat Ishbia pledged more than half of mortgage giant UWM Holdings Corp.’s outstanding shares to secure loans before buying the Phoenix Suns for a record $4 billion.
Ishbia holds his stake through SFS Holding Corp., which owns 94% of UWM’s outstanding stock and pledged the shares, according to the firm’s 2023 proxy statement.
Ishbia is worth $5.5 billion and his fortune dropped by $3.4 billion after the pledged shares were removed from his net worth calculation.
Executives of publicly traded companies will often pledge shares as collateral, but it is unusual for more than half of their shares to be tied up as collateral. If the share price goes down, lenders can request additional collateral or for the loan to be repaid.