Pacers Sports & Entertainment CEO Mel Raines has been enjoying her new role within the organization. News 8 Sports' Andrew ...

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 ...