Donn Davis steps down as chairman

Donn Davis announced he is leaving his role as chairman, reportedly via social media.

The move comes days after president Ray Sefo's departure and follows the recent exit of former CEO Peter Murray, according to reports.

Sources say the organization has appointed former Time Warner executive John Martin as chief executive.

Officials are preparing for a pivotal period with the current broadcast deal set to expire after 2026 and a 2026 event calendar beginning in February.

A new financing round reportedly closed with Knighthead Capital Management and 885 Capital increasing their stakes.

Further developments are being reported; consult the original story for the full statement and timeline.

[Source]

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