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Report: Laurene Powell Jobs taking big stake in Significant

Report: Laurene Powell Jobs taking big stake in Significant Sports & Entertainment has a brand-new, significant financier in Laurene Powell Jobs, The Washington Post reported Tuesday.

Powell Jobs, the widow of Apple creator Steve Jobs, will invest enough– estimated in the “numerous countless dollars”– to take about a 20 percent stake in Significant, the company that controls the Washington Wizards, Washington Capitals, Washington Mystics, Capital One Arena and various other holdings, the paper reported.Ted Leonsis will remain Significant’s president and will continue to run the groups, the Post reported. Per the Post:”Through her substantial investment, Powell Jobs instantly commands a prominent position in the male-dominated ownership circles of the’Big 4’expert sports leagues.”” We have an agreement with Laurene Powell Jobs, founder and president of Emerson Collective, to sign up with the Huge Sports & Entertainment ownership group,”according to a statement released to the Post.” The process is underway and … Read the full story from the Washington Business Journal.

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