Topic - Knighthead Capital Management

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Tampa Bay Buccaneers quarterback Tom Brady stands on the field before an NFL football game against the Cleveland Browns, on Nov. 27, 2022, in Cleveland. Brady has become a minority owner of the English second-tier soccer team Birmingham and wants to bring a winning mentality to an underperforming club. The seven-time Super Bowl champion has partnered with the club’s holding company, U.S.-based Knighthead Capital Management, and becomes chairman of a new advisory board, Brady and Birmingham said Thursday, Aug. 3, 2023. (AP Photo/David Richard, File)

Tom Brady enters the world of soccer as minority owner of English club Birmingham

Associated Press

FILE - In this May 6, 2020, file photo, a Hertz car rental is closed during the coronavirus pandemic in Paramus, N.J. Two investment firms are looking to take at least a controlling stake in rental car company Hertz for up to $4.2 billion and help it emerge from bankruptcy protection. Hertz Global Holdings Inc. said Tuesday, March 2, 2021 that Knighthead Capital Management and Certares Opportunities will have the chance to buy the entire reorganized business, but no less than a majority of its shares. (AP Photo/Ted Shaffrey, File)

Hertz eyes bankruptcy exit through $4.2 billion stake sale

By MICHELLE CHAPMAN - Associated Press