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Private Equity / Venture Capital Firms Buying NBA Teams

Discussion in 'NBA Dish' started by adoo, Jun 19, 2025 at 10:04 AM.

  1. adoo

    adoo Member

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    In 2010, Kleiner Perkins was the first PE firm to purchase controlling interest to an NBA team, the GW Warriors; since then, the team has won 4 NBA rings.

    more PE firms have follow suit to purchase NBA teams., https://www.sportico.com/feature/nba-private-equity-ownership-rules-1234784156/

    Over the past 2 years, PE firms have purchased the 2 most historic NBA franchises

    • in 2024, after winning their 18th ring, the Boston Celtics team was sold to the Symphony Technology Group, with a valuation of > $6 billions
    • yesterday, the Guggenheim Partners Group purchased controlling interest to the LA Lakers, who has won 17 rings, with a valuation of $10 billions, making it the most valuable sports franchise in the world

    imo, overwhelming majority of NBA teams will be owned by PE firms
     
    #1 adoo, Jun 19, 2025 at 10:04 AM
  2. Buck Turgidson

    Buck Turgidson Member

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    According to your own article (and everything else I've read) PE firms can own up to 20% of a NBA franchise and cannot have controlling interest.

    Also, Guggenheim is not buying the Lakers, Mark Walter and a group of investors are. Same setup they have with the Dodgers (MLB and the NFL also do not allow PE funds to control teams, only buy minority stakes).
     
    #2 Buck Turgidson, Jun 19, 2025 at 11:02 AM
    adoo likes this.
  3. ThatBoyNick

    ThatBoyNick Member

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    I think the fan ownership model that they do with some football clubs (Real Madrid) in europe seems pretty cool
     
    #3 ThatBoyNick, Jun 19, 2025 at 11:17 AM
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