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When Private Equity Comes for Your Favorite Team

Last week, the owner of the Los Angeles Lakers announced he was selling the basketball team for $12.5 billion — the highest price ever paid for a professional sports team. The deal has shocked the sports world and drawn new attention to a growing trend: Big groups of investors have been buying up professional sports teams as the franchises chase skyrocketing valuations. Today, Pablo Torre, the host of “Pablo Torre Finds Out,” explains the deal and how big money is transforming our relationship with the sports we love. Guest: Pablo Torre, a Pulitzer Prize-winning journalist and the host of “Pablo Torre Finds Out.” Background reading:  The deal for the Los Angeles Lakers valued the team at a record $12.5 billion, eclipsing the $10 billion paid for the franchise just last year . The transaction for the Lakers reflects the huge profit potential of major sports franchises . Photo: The New York Times For more information on today’s episode, visit nytimes.com/thedaily . Transcripts...
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When Private Equity Comes for Your Favorite Team

Last week, the owner of the Los Angeles Lakers announced he was selling the basketball team for $12.5 billion — the highest price ever paid for a professional sports team. The deal has shocked the sports world and drawn new attention to a growing trend: Big groups of investors have been buying up professional sports teams as the franchises chase skyrocketing valuations. Today, Pablo Torre, the host of “Pablo Torre Finds Out,” explains the deal and how big money is transforming our relationship with the sports we love. Guest: Pablo Torre, a Pulitzer Prize-winning journalist and the host of “Pablo Torre Finds Out.” Background reading:  The deal for the Los Angeles Lakers valued the team at a record $12.5 billion, eclipsing the $10 billion paid for the franchise just last year . The transaction for the Lakers reflects the huge profit potential of major sports franchises . Photo: The New York Times For more information on today’s episode, visit nytimes.com/thedaily . Transcripts...
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Who Moves Up, and Who's Pushed Out, in Pete Hegseth's Military

For the past 18 months, Defense Secretary Pete Hegseth has remade the top ranks of the U.S. military — dismissing or sidelining many whose rise he believes was aided by D.E.I. and replacing them with officers who fit his definition of merit. In the process, many argue he’s prioritizing loyalty to him and his ideas over loyalty to the military itself. Today, Greg Jaffe, a New York Times reporter who covers the Pentagon and the U.S. military, takes us inside the hiring and firing for a single job that has become a case study for Hegseth’s approach. Guest: Greg Jaffe , a reporter covering the Pentagon and the U.S. military for The New York Times. Background reading:  Before he was picked to lead the Navy, Adm. Daryl Caudle found ways to signal his support for Mr. Hegseth’s anti-diversity goals . Mr. Hegseth fired the Navy’s top officer, Adm. Lisa Franchetti , who spent roughly half of her 40-year career at sea, commanding a destroyer, two carrier strike groups and the U.S. Sixth F...
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Who Moves Up, and Who's Pushed Out, in Pete Hegseth's Military

For the past 18 months, Defense Secretary Pete Hegseth has remade the top ranks of the U.S. military — dismissing or sidelining many whose rise he believes was aided by D.E.I. and replacing them with officers who fit his definition of merit. In the process, many argue he’s prioritizing loyalty to him and his ideas over loyalty to the military itself. Today, Greg Jaffe, a New York Times reporter who covers the Pentagon and the U.S. military, takes us inside the hiring and firing for a single job that has become a case study for Hegseth’s approach. Guest: Greg Jaffe , a reporter covering the Pentagon and the U.S. military for The New York Times. Background reading:  Before he was picked to lead the Navy, Adm. Daryl Caudle found ways to signal his support for Mr. Hegseth’s anti-diversity goals . Mr. Hegseth fired the Navy’s top officer, Adm. Lisa Franchetti , who spent roughly half of her 40-year career at sea, commanding a destroyer, two carrier strike groups and the U.S. Sixth F...
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El Niño Is Back. And Worse Than Ever.

The global chaos agent known as El Niño is back, and this year it’s already on track to be, by far, the strongest and most severe on record, wreaking havoc on weather across the world. Today, Chico Harlan, the global climate reporter for The New York Times, goes over El Niño’s history, its inner workings and its increasingly destructive fallout. Guest: Chico Harlan , the global climate correspondent for The New York Times. Background reading:  El Niño, the Pacific climate shift that comes around once or twice a decade, is back , warming tropical oceans and setting off consequences worldwide. It’s expected to peak later this year but is already causing dry spells and crop failures on three continents . Photo: Bay Ismoyo/Agence France-Presse — Getty Images For more information on today’s episode, visit nytimes.com/thedaily . Transcripts of each episode will be made available by the next workday.  Subscribe today at nytimes.com/podcasts or on Apple Podcasts and Spotify. You c...
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El Niño Is Back. And Worse Than Ever.

The global chaos agent known as El Niño is back, and this year it’s already on track to be, by far, the strongest and most severe on record, wreaking havoc on weather across the world. Today, Chico Harlan, the global climate reporter for The New York Times, goes over El Niño’s history, its inner workings and its increasingly destructive fallout. Guest: Chico Harlan , the global climate correspondent for The New York Times. Background reading:  El Niño, the Pacific climate shift that comes around once or twice a decade, is back , warming tropical oceans and setting off consequences worldwide. It’s expected to peak later this year but is already causing dry spells and crop failures on three continents . Photo: Bay Ismoyo/Agence France-Presse — Getty Images For more information on today’s episode, visit nytimes.com/thedaily . Transcripts of each episode will be made available by the next workday.  Subscribe today at nytimes.com/podcasts or on Apple Podcasts and Spotify. You c...
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What Went Wrong on the U.S.S. Lincoln?

For the past two weeks, family members of sailors have been raising alarms about the conditions aboard the U.S.S. Abraham Lincoln, which has a crew of about 5,000 and has been at sea for almost nine months straight. Today, John Ismay, a New York Times reporter who covers the Pentagon with a focus on armed conflict and the defense industry, discusses what went wrong on the ship and how it could affect the U.S. military’s ability to fight wars. Guest: John Ismay , a New York Times reporter who covers the Pentagon with a focus on armed conflict and the defense industry. Background reading:  The U.S.S. Abraham Lincoln has been deployed for nearly nine months. Members of Congress are worried about the crew’s well-being. Admiral Brad Cooper, the head of U.S. Central Command, acknowledged the difficulty of the carrier’s lengthy deployment but said mental health issues were lower than on other vessels. Photo: Jason Waite/Agence France-Presse, via Navy Office of Information For mor...
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What Went Wrong on the U.S.S. Lincoln?

For the past two weeks, family members of sailors have been raising alarms about the conditions aboard the U.S.S. Abraham Lincoln, which has a crew of about 5,000 and has been at sea for almost nine months straight. Today, John Ismay, a New York Times reporter who covers the Pentagon with a focus on armed conflict and the defense industry, discusses what went wrong on the ship and how it could affect the U.S. military’s ability to fight wars. Guest: John Ismay , a New York Times reporter who covers the Pentagon with a focus on armed conflict and the defense industry. Background reading:  The U.S.S. Abraham Lincoln has been deployed for nearly nine months. Members of Congress are worried about the crew’s well-being. Admiral Brad Cooper, the head of U.S. Central Command, acknowledged the difficulty of the carrier’s lengthy deployment but said mental health issues were lower than on other vessels. Photo: Jason Waite/Agence France-Presse, via Navy Office of Information For mor...
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Luigi Mangione’s High-Risk Legal Strategy

In the two years since a masked man shot and killed a health care executive, the national spotlight has turned to the primary suspect, Luigi Mangione. The overwhelming evidence has pointed to his guilt, and the question on most minds has been: What might the defense of one of the most famous murder suspects in America look like? At a hearing on Friday, we got our first glimpse at an answer, one that appears to include a full-throated embrace of his guilt. Today, Benjamin Weiser, a reporter covering the justice system for The New York Times, and Hurubie Meko, a criminal justice reporter for The Times, discuss the risky defense strategy and why an admission of guilt might be Mr. Mangione’s best bet. Guests:  Benjamin Weiser , a reporter covering the justice system for The New York Times. Hurubie Meko , a criminal justice reporter for The New York Times. Background reading: Luigi Mangione pleaded guilty to federal charges , and still faces a state case. Photo: Pool photo by Dav...
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Luigi Mangione’s High-Risk Legal Strategy

In the two years since a masked man shot and killed a health care executive, the national spotlight has turned to the primary suspect, Luigi Mangione. The overwhelming evidence has pointed to his guilt, and the question on most minds has been: What might the defense of one of the most famous murder suspects in America look like? At a hearing on Friday, we got our first glimpse at an answer, one that appears to include a full-throated embrace of his guilt. Today, Benjamin Weiser, a reporter covering the justice system for The New York Times, and Hurubie Meko, a criminal justice reporter for The Times, discuss the risky defense strategy and why an admission of guilt might be Mr. Mangione’s best bet. Guests:  Benjamin Weiser , a reporter covering the justice system for The New York Times. Hurubie Meko , a criminal justice reporter for The New York Times. Background reading: Luigi Mangione pleaded guilty to federal charges , and still faces a state case. Photo: Pool photo by Dav...
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