Crypto mogul looks to seize control of company that publishes Sports Illustrated

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Child actor-turned-crypto baron Brock Pierce is looking to seize control of the company that owns Sports Illustrated – claiming he was bamboozled by management as he tried to sell off his massive s…

Why golf hottie would say no to ‘woke’ SI Swimsuit IssueCrypto mogul Brock Pierce is angling to seize control of the company that publishes Sports Illustrated – claiming he was thwarted by management as he tried to sell off a massive stake earlier this year that has since tanked in value, according to a lawsuit.

Nevertheless, 42-year-old Pierce alleges in the complaint, filed in New York State Supreme Court last week, that when he tried to sell his shares last year as they traded above $14, he got stonewalled by Arena as well as its CEO Ross Levinsohn – the former interim CEO of Yahoo, short-lived publisher of the Los Angeles Times and ex-president of Fox Digital Media.

“Arena caused Warlock to suffer a tremendous trading loss, and is liable to Warlock for tens of millions of dollars in liquidated and consequential damages as a result,” the suit claimed.“We strongly disagree with the claims in the complaint. The complaint contains fundamental errors, including the claim that Mr. Levinsohn sold shares in the company,” the spokesperson said.

 

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