NBA Europe Could Influence Future Policy On Sovereign Wealth Fund Stakes
NBA Commissioner Adam Silver said Saturday that sovereign wealth funds could become principal investors in the league's planned European basketball venture, potentially paving the way for rule changes regarding Middle Eastern investment in North American franchises. Silver made the comments in London ahead of Sunday's game between the Orlando Magic and Memphis Grizzlies. Current NBA regulations limit sovereign wealth funds to owning no more than 20 percent of any of the league's 30 teams. How...
