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NBA Considers Creating Investment Vehicle To Buy Stakes In Teams

TedTed
in The Bullpen
FYI: The National Basketball Association, seeing the valuation of its franchises soar, is mulling the creation of an investment vehicle that would buy minority shares of individual teams.

In a memo sent to owners, a copy of which was reviewed by Bloomberg News, the league says it’s exploring the potential formation of “a new capital vehicle that could purchase passive, minority ownership interests across multiple NBA teams.”
Regards,
Ted
https://www.bloomberg.com/news/articles/2019-09-03/nba-weighs-creation-of-investment-vehicle-to-buy-shares-of-teams
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