The NBA sent a memo to team owners suggesting the launch of an investment vehicle allowing the purchase of passive interests in multiple teams. The league is asking for feedback by Wednesday, in advance of a September 20 team owners’ meeting. (Bloomberg)
Skip to content
The NBA sent a memo to team owners suggesting the launch of an investment vehicle allowing the purchase of passive interests in multiple teams. The league is asking for feedback by Wednesday, in advance of a September 20 team owners’ meeting. (Bloomberg)
Talking point: The value of NBA teams is soaring. In August, Alibaba co-founder Joseph Tsai purchased 51 per cent of the Brooklyn Nets at a valuation of US$2.4 billion, the highest-ever for an NBA team. For teams, making it easier to sell small shares could give owners an influx of capital. A new vehicle could also address the concerns of existing minority-stake owners who have had difficulty selling their stakes recently. The move toward minority investments comes as tech giants are increasingly partnering with professional sports teams. In July, it was reported that sports streaming service DAZN was eyeing rights to NFL games. Last week, the New York Yankees partnered with Amazon to buy a sports network from Disney.
Loading...
Thanks for sharing!
You have shared 5 articles this month and reached the maximum amount of shares available.
CloseThis account has reached its share limit.
If you would like to purchase a sharing license please contact The Logic support at [email protected].
CloseGift the full article!
You have gifted 0 article(s) this month and have 5 remaining.
Recipients will be able to read the full text of the article after submitting their email address. They will not have access to other articles or subscriber benefits.
Most Popular This Week
In-depth, agenda-setting reporting
Great journalism delivered straight to your inbox.
News
U.S. private equity is buying Canada’s biggest payments processor. Some people are worried about sovereignty
Briefing
OMERS posts 4.8% first-half return, plans to increase Canada exposure
Brookfield joins investors group backing Nvidia’s US$500B AI financing push
Polar raises US$215M for second Canadian risk-transfer fund
Best business newsletter in Canada
Get up to speed in minutes with insights and analysis on the most important stories of the day, every weekday.
Exclusive events
See the bigger picture with reporters and industry experts in subscriber-exclusive events.
Membership in The Logic Council
Membership provides access to our popular Slack channel, participation in subscriber surveys and invitations to exclusive events with our journalists and special guests.
