The Indiana Pacers remain one of the smaller ... Herb Simon sold a 15% stake in the team to Steven Rales in 2023, giving him 20% ownership. Mel Simon died in 2009. Start the day smarter.

Steven Rales, net worth $11 billion ... These include a 20 percent stake in the NBA’s Indiana Pacers (he graduated from the state’s DePauw University), collecting Impressionist masters ...

The Indiana Pacers are relling after losing to the seventh-seeded Miami Heat on Friday, causing them to fall to fifth place in the standings and lose home-court advantage. At one point ...