It also had approximately US$1 billion in cash.teams have compounded in value at a very high rate over a long period of time, so to be able to get all those assets at a meaningful discount, with no debt, was very attractive, Navaratnam said.He highlighted the recent sale of the NBA Houston Rockets, noting that its high valuation is a function of the rarity of major sports franchises, and the fact that we live in a world, where the value of live sports is much greater than it was a decade ago.Another fund hold, Brink Co. (BCO/NYSE) crossed Navaratnam radar when an activist investor disclosed that it owned a more than five per cent stake in the company. Starboard Value LP believed management at the cash logistics company wasn extracting as much value as it could, so the firm proposed changes that eventually led to a new chief executive taking over in mid 2016.was an oligopolistic structure globally with few players, but margins were significantly lower than that of its best in class peers, Navaratnam said.

Both teams were unbeaten in the run up to the final but Brazil looked the stronger team with the way they managed to win their matches. Spain eked their way to the final after a penalty shoot out semi final against Italy. While Brazil comfortably edged out Uruguay in their semi final encounter..

Ah, yes. That music means it’s time for our month’s episode of Science Diction, where we look at the origin of science words with my guest, Howard Markel. He’s professor of the history of medicine at the University of Michigan in Ann Arbor, co director of the Center for History of Medicine there.

I used a reference to a Shona proverb and a second verse in English to call on people to get up and use their power. Part of me felt there was only so much I can do from here, but we can at least sing songs to encourage the people in Zimbabwe. End of the Mugabe regime wasn the end of Zimbabwe problems.

Ed Stetzer and David Putman’s Breaking the Missional Code gives church leaders the tools needed to become a missional presence in their community. The book covers a lot of ground, addressing how to overcome the barriers to mission within existing models of church. I consider Stetzer and Putman’s work to be a valuable conversation partner in all things missional.

IRS Made Conservatives Wait Years for Tax ExemptionThe Internal Revenue Service is responsible for giving organizations tax exemption status, but it is accused of abusing that role. CNN reported that the IRS delayed the tax exemption applications of many tea party conservatives. As a result, the IRS commissioner, Steven Miller, resigned last night..