NBA Silver: no path forward for full foreign ownership

[LadyStanley]

NBA commissioner Adam Silver doesn’t have plan to let sovereign wealth funds fully own a team

The NBA opened up investments for sovereign wealth funds earlier this year, but they can only invest up to 5%.

sports.yahoo.com

Investment is one thing. Full control another.

Click to read more...

 

[Voight]

I get funds buying into soccer teams because to an extent theres no salary cap and you can just dump hundreds of millions into the team / players. Doesn't always work (PSG LOL) but sometimes it does (Man City).

NA leagues are a different beast altogether.

 

[LadyStanley]

It's not about sportswashing

The influx of Middle Eastern investment in sports isn't about image cleansing. It's about building a new economy.

sports.yahoo.com

Pundit claims it's about diversifying income streams.