NBA considers investment programme to buy shares in teams

04 Sep 2019

By: Sport Industry Group

The NBA is considering the creation of an investment programme to allow the league to buy passive, minority shares in its teams.

As the valuation of NBA franchises rises - the Brooklyn Nets were bought by Alibaba co-founder Joseph Tsai for a record $2.3bn last month - the league is looking into the creation of “a new capital vehicle that could purchase passive, minority ownership interests across multiple NBA teams.”

At the moment, the league is gauging interest in its proposals from team owners. Teams have been asked to respond this week while the topic is set to be discussed at an NBA owners’ meeting on 20th September.