Web[Charania] How this will work, sources say: Players will be able to invest in NBA/WNBA teams via NBPA’s selected Private Equity firm, an unprecedented opportunity in U.S. pro sports – and do endorsement deals with sports betting companies, with complete separation from gambling component. WebJan 27, 2024 · The NBA has reportedly agreed on a framework to allow private equity and institutional investors to own minority equity stakes in multiple franchises, according to a report by Sportico. Here are the details: Firms may own up to 20% equity in a single franchise. Investment funds may own stakes in a maximum of 5 teams.
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WebMar 17, 2024 · Mar 17, 2024 10:53AM EDT. Credit: CatLane / Getty images. L eBron James has recently increased his stake and become a partner in the Fenway Sports … WebApr 8, 2024 · The NBA star's ventures now include a sports drinks maker, two sports teams, and a sustainable ETF. Here are four of Antetokounmpo's business bets in recent years. When Giannis Antetokounmpo moved to the US at age 18, he opened accounts at half a dozen banks after learning that federal deposit insurance would only cover $250,000 of … how do i take the gre
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