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...
NBA commissioner Adam Silver continues to explore a wide range of financial backing options as plans for the proposed European league move forward, including outreach to affluent investors in the Middle East. According to Joe Vardon and Eduardo Tansley of The Athletic, Silver has specifically targeted sovereign wealth funds, which would face fewer ownership restrictions […] The post Adam Silver courts Middle East investors for NBA Europe appeared first on TalkBasket.net .
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