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RIFC, the Impossible Deal and Life After Aspiration: Kawhi-Gate, Part XII

Pablo Torre Finds Out

Hosted by Pablo Torre

1h 16m
Transcript

Original podcast

Summary

Written by a model from the transcript; not yet reviewed.

Pablo Torre and guests Al Hassan and David Sampson continue their multi-part investigative series into Kawhi Leonard, Steve Ballmer, and the Los Angeles Clippers by exploring a trail of secretive LLCs that lead directly to the Rhode Island Football Club. Following the collapse of Aspiration, Team Kawhi registered new entities like KL2 RIFC LLC right before Kawhi signed an extension taking a hometown discount. Despite weeks of stonewalling from team executives and representatives, local reporting reveals that Kawhi, his uncle Dennis Robertson, and his agent Mitch Frankel are unannounced investors in the second-tier soccer club, alongside former Celtic Daniel Theis. The episode highlights how public subsidies originally promised for affordable housing were diverted to build RIFC's stadium, culminating in a mysterious trip by Rhode Island Governor Dan McKee to a Clippers game alongside team owner Brett Johnson and a marketing agency linked to the Clippers' current jersey patch sponsor.

  • Kawhi Leonard, his uncle Dennis Robertson, and his agent Mitch Frankel hold hidden ownership stakes in the Rhode Island Football Club. 42:43
  • Rhode Island Governor Dan McKee cast the tie-breaking vote to divert public funds toward building the RIFC stadium instead of affordable housing. 36:55
  • Despite promises of community development and affordable housing tied to public subsidies, zero housing units have been built at the stadium site. 1:21:18
  • Governor McKee attended a Los Angeles Clippers game in a suite alongside RIFC owner Brett Johnson, with tickets arranged via a sports marketing agency tied to the Clippers. 1:11:15

Chapters

  1. 0:00
  2. 3:35
    Setting the Investigation Context

    The hosts outline the background of the investigation into Kawhi Leonard, Steve Ballmer, the Clippers, and Aspiration, and introduce the Kira Fund charity.

  3. 6:37
    NBA Investigation Update

    They discuss the ongoing NBA probe into Kawhi Leonard’s alleged sponsorship deals, recent headlines from The Athletic, and the implications for the Clippers and Aspiration.

  4. 18:33
    Housing and Stadium Financing Debate

    The hosts examine how RIFC’s stadium project was funded, the role of public money, and the broader housing crisis in Rhode Island.

  5. 20:42
    RIFC Stakeholder Interviews

    Interviews with Brett Louie, Brett Johnson, and local reporter Eli Sherman provide insight into RIFC’s ownership structure and the secrecy surrounding investor disclosures.

  6. 27:00
    Uncovering the RIFC Connection

    The team dives into the mystery of RIFC, revealing its Rhode Island roots, the LLCs linked to Kawhi Leonard, and the potential investment ties.

  7. 43:08
    Kawhi Leonard’s Potential Ownership Role

    They explore evidence suggesting Kawhi Leonard, his uncle, and agent may hold stakes in RIFC, discussing the lack of public disclosure and the implications for the NBA.

  8. 49:52
    Comparisons to Other Celebrity Investors

    The conversation compares Kawhi’s possible investment to other athletes’ public ownership roles in sports teams and discusses the business motives behind such deals.

  9. 57:52
    Podcast Intro and Product Ads

    The episode opens with brief product advertisements before transitioning into the main investigative content.

  10. 1:00:57
    Kawhi Leonard’s New Agent and Contract Shift

    The hosts discuss Leonard’s hiring of a new agent and the implications for his upcoming Raptors deal.

  11. 1:02:39
    Rhode Island Football Club Stadium Financing

    An overview of the public funding, bond yields, and political controversy surrounding the new RIFC stadium.

  12. 1:14:36
    Governor McKee’s Secret Trip to L.A.

    Investigators uncover a mysterious late‑night trip by Governor Dan McKee to a Clippers game, raising questions of conflict of interest.

Highlights

  • 6:35

    Supporting the Kira Fundstory

    David Sampson discusses the Kira Fund, started in memory of his late daughter to find a cure for glioblastoma, receiving support from the show's staff.

  • 6:37

    Second Kawhi Investigationdata

    The Athletic reveals that the NBA is investigating a second sponsorship deal involving Kawhi Leonard as part of the ongoing Aspiration probe.

  • 13:48

    Uncovering RIFC LLCsinsight

    Kawhi Leonard registered new LLCs named KL2 RIFC and KL2 RIFC Real Estate in January 2024, right before signing a team-friendly extension with the Clippers.

  • 36:04

    Stadium Subsidies and Housingstory

    Investigative reporter Eli Sherman details how public money intended for a statewide housing crisis was redirected to build an entertainment complex instead.

  • 36:59

    Governor McKee Breaks Tiedata

    Governor Dan McKee steps in with a tie-breaking vote on the Rhode Island Commerce Board to approve an extra $27 million in taxpayer money for the stadium.

  • 42:43

    Confirming Team Kawhi's Stakeinsight

    Rhode Island FC owner Brett Johnson confirms in an impromptu interview that Kawhi Leonard, his uncle, and his agent are small investors in the soccer club.

  • 54:11

    Daniel Theis Ownership Tweetinsight

    A deep dive into RIFC history reveals a 2023 tweet announcing NBA player Daniel Theis as part of the ownership group, while Kawhi's involvement remained hidden.

  • 1:06:12

    Governor's Clippers Tripstory

    Governor McKee's calendar and subsequent interviews reveal he traveled to Los Angeles and attended a Clippers game with RIFC owner Brett Johnson.

Quotes

  • “I think it's very funny that Kawhi Leonard, in fact, is an unannounced, never-before-disclosed co‑owner of this random‑ass pro soccer club in Rhode Island.”
    Pablo Torre · 43:08
  • “The team is not willing to make any kind of comment on their investor stack.”
    Unnamed speaker · 23:53
  • “We have, from the principal owner, confirmation that these three individuals are investors.”
    Unnamed speaker · 45:38
  • “The point being, several months later, on the back of that, quote, "eye-popping commitment of public money for some wicked good soccer."”
    Pablo Torre · 1:04:27
  • Discover Cash Back Card 0:19–0:56
  • Dell 1:15–2:07
  • Apple Card 15:27–15:54
  • ONNIT 57:45–57:48
  • AlphaBrain 57:58–58:57
  • OnDeck 59:58–1:00:18
  • Discover Cash Back Card 1:22:36–1:22:56

About this episode

Just when you thought the Kawhi Leonard scandal was almost over, Pablo peels off another branch of the saga, with stacks of new documents and a group of reporters in tow. Amin Elhassan and David Samson reunite to trust the process of local journalism, meet another benevolent entrepreneur... and follow the public money, straight to the top — and back to The House That Ballmer Built. • Support The Kyra Fund https://fundraise.gbmresearch.org/campaign/812889/donate • Read much more about RIFC at WPRI https://www.wpri.com/?p=3105506 Previously on PTFO: • Part I: The Silent Superstar and the Rotten Apple Tree https://pod.link/1685093486/episode/NjhiN2IxMTNkNmUyY2RhYTI2MmQzNWI1 • Part II: An Argument with Mark Cuban https://pod.link/1685093486/episode/NjhiYTg1ZTkyZDkxM2JkMzMwODFhODBi • Part III: The Mystery Investor, the No-Show Payday and the "Smoking Gun" https://pod.link/1685093486/episode/NjhjMjVlMzJhY2EzNTIxYzc2MzhiZjNi • Part IV: Steve Ballmer, the Other Cuban and the $118 Million Infusion https://pod.link/1685093486/episode/NjhjYjcxNzVkYzYyZjBlMWQ2NjdjMzYy • Part V: Steve Ballmer's "Inconceivable" Donation, the $20 Million Guarantee and a Head on a Spike https://pod.link/1685093486/episode/NjhkOWU1ZmIyNTUyYjcyYzIwZWQ1NTQ1 • Part VI: An IRL Showdown with Mark Cuban https://pod.link/1685093486/episode/NjhlZDk2ODM4ODU1MjdhNDM2ZGJjNDU2 • Part VII: The Briefcase, Ballmer's Social Network and Aspiration's House of Cards https://pod.link/1685093486/episode/Njk2MDc1MzMxMTA3M2E2MWJkOTM5Yzg1 • Part VIII: Uncle Dennis, Ballmer's $50 Million Sprint and the Side Deal That Wouldn't Die https://pod.link/1685093486/episode/Njk4YjhmZjdiYTgwY2YxZWNiMTdmZTBl • Part IX: Ballmer's Tree Money, the Whistle-Blowers and the Document You've Been Waiting For https://pod.link/1685093486/episode/NjlhYjA0ODliNDllZWNjMGI3YjU1Mzhh • Part X: Steve Ballmer's Victim Impact, the Man Who Prosecuted Aspiration and the Abacus of Incarceration https://pod.link/1685093486/episode/NjlmOTFjOWY5YjE1MDdmYmRkZTAxZjc4 • Part XI: Ballmer's Secret I. O. U., Aspiration's "Web of Lies" and the Zenith of Fraud https://pod.link/1685093486/episode/NmEyMjI5NmFiMGYyOTYyYmU0ODEwOTAx (Pablo Torre Finds Out is independently produced by Meadowlark Media and distributed by The Athletic. The views, research and reporting expressed in this episode are solely those of Pablo Torre Finds Out and WPRI-TV and do not reflect the work or editorial input of The Athletic or its journalists.) Hosted on Acast. See acast.com/privacy https://acast.com/privacy for more information.

Transcript

0:00
1:16:22

12,997 words · 8 speakers

Speaker names marked are inferred from speaking time and the show’s known hosts — they are not voice-verified.

Topics

  • Rhode Island
  • RIFC
  • Aspiration
  • Rhode Island Football Club
  • Pawtucket
  • Los Angeles
  • The Athletic
  • Florida
  • ESPN
  • Fortuitous Partners

Page updated · transcript and summary are machine-generated