NBA Expansion Plans Driven By 'Ocean Of Capital' Prepared To Invest
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NBA Expansion Plans Driven By 'Ocean Of Capital' Prepared To Invest
Billionaires and sovereign wealth funds are competing to invest in the NBA as the league moves closer to adding franchises in Seattle and Las Vegas, according to ESPN's Brian Windhorst. Commissioner Adam Silver has not guaranteed expansion, but owner sentiment has shifted decisively in its favor. "The league believes there's an ocean of capital ready to flow into the league, that in fact billionaires and -- in the case of Europe -- sovereign wealth funds, will be competing to buy in," writes ...
Publisher:RealGM
Lead articleArticle published:NBA expansion draws billionaires - TalkBasket.net
Global investor interest in the NBA is intensifying as the league moves closer to possible expansion in Seattle and Las Vegas, according to Brian Windhorst of ESPN. While commissioner Adam Silver hasn’t formally committed to expansion, owner sentiment has shifted strongly in favor of it. “The league believes there’s an ocean of capital ready to […] The post NBA expansion draws billionaires appeared first on TalkBasket.net .
Publisher:TalkBasket.netArticle published:
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