NBA Commissioner Silver Says No Current Pathway for Sovereign Wealth Funds to Become Franchise Owners
Posted on 07/11/2023
On July 10, 2023, at the Associated Press Sports Editors convention, NBA commissioner Adam Silver said there is no pathway “in the foreseeable future” for sovereign wealth funds to become the controlling owners of an NBA franchise. Under the NBA’s current investment rules, the controlling owner of an NBA team has to own at least…
