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Learfield to announce sale Monday

Learfield to announce sale Monday

Founder, execs to retain minority share

December 4th, 2011 in News

While a formal announcement is expected Monday, a national business publication is reporting a major development involving a Mid-Missouri company.

The Sports Business Journal is reporting Learfield Sports, based in Jefferson City, has sold a majority stake of the company to a Los Angeles based private equity firm.

Shamrock Capital Advisors, which also has stakes in the Harlem Globetrotters as well as media and technology companies, bought what Learfield described as a "significant majority."