• Loading stock data...
Tuesday, July 1, 2025
    More
    Executives

    D.C. United Owner Buys Stake in Australian Basketball Team

    By
    May 03, 2022 | 03:00 pm
    Brisbane-Bullets
    Brisbane Bullets

    Jake Silverstein, an owner of MLS’ D.C. United and the co-owner and director of Swansea City AFC, has purchased a stake in the Brisbane Bullets.

    Silverstein now owns roughly 20% of the team, which plays in Australia’s National Basketball League. The investment values the team at around $30 million.

    Keeping his MLS ties strong, Silverstein joins D.C. United’s CEO Jason Levien’s controlling ownership group. Silverstein was a co-owner and alternate governor for MLS’ Houston Dynamo FC and NWSL’s Houston Dash but sold his stake last year. 

    Silverstein will run the team’s day-to-day business operations.

    The Milwaukee Bucks’ Khris Middleton, Toronto Raptors’ Thaddeus Young, and former NBA player Kevin Martin are also a part of the Bullets’ ownership group.

    The Bullets ownership group has reportedly held discussions with government officials for a plan that includes a 12,000-14,000-seat arena and an adjacent entertainment district, projected to be $250 million.

    The venue could come in handy — Brisbane is preparing to host the 2032 Summer Olympics.

    Linkedin
    Whatsapp
    Copy Link
    Link Copied
    Link Copied

    What to Read

    Nov 16, 2024; Washington, District of Columbia, USA; Washington Spirit owner Michele Kang celebrates during a team celebration lap after the playoff semifinal match against NJ/NY Gotham FC at Audi Field.
    by

    Michele Kang to Lead Lyon As UEFA Delays Multi-Club Ownership Ruling
    Lyon’s Europa League fate remains unclear as Michele Kang replaces John Textor.
    Leo Messi
    by

    TNT, Club World Cup Ride Messi to Surprisingly Solid Debut Ratings
    TNT Sports carries about a third of matches in the U.S.
    by

    Masai Ujiri Out As Raptors’ Rogers Era Marked by Leadership Shift
    Ujiri led the Raptors to the 2019 NBA championship.
    by

    Bold Trades Shake Up NBA Draft After Predictable Start
    A flurry of trades and falling draft positions lead the post-Flagg activity.

    Featured Today
    by

    The Battle Over Wimbledon’s Ambitious Expansion Plan
    A classic NIMBY standoff on one of the most hallowed grounds in sports.
    Seattle Rough & Tumble
    June 28, 2025

    Women’s Sports Bars Are on the Rise. Survival Isn’t Guaranteed
    Some women’s sports bars are cashing in. Others are clawing for funding.
    June 27, 2025

    Shitposters Have Taken the Reins of Pro Sports’ Official Voices
    Meet the social media pros turning sports teams into internet trolls.
    Jun 17, 2025; Sunrise, Florida, USA; Florida Panthers center Sam Reinhart (13) hoists the Stanley Cup after winning game six of the 2025 Stanley Cup Final against the Edmonton Oilers at Amerant Bank Arena
    June 26, 2025

    Stanley Cup’s International Summer Tour: Rules, Repairs, and Raucousness
    No pro trophy tour compares to the NHL’s three-month global victory lap.

    More in Executives
    Apr 10, 2025; Washington, District of Columbia, USA; (L-R) Washington Capitals owner Ted Leonsis, Capitals left wing Alex Ovechkin (8), Ovechkin's wife Nastya, and sons Sergei and Ilya watch a video during a ceremony honoring Ovechkin's becoming the NHL all-time goals leader prior to the Capitals' game against the Carolina Hurricanes at Capital One Arena.
    by

    Ted Leonsis Says His $7B Sports Empire Beats the NFL Model
    Why synergy is the future of sports ownership.
    July 9, 2009; Auburn Hills, MI, USA; Detroit Pistons president Joe Dumars during the press conference to introduce their new head coach John Kuester at their practice facility.
    April 14, 2025

    Joe Dumars Leaving NBA League Office to Run Pelicans
    Joe Dumars was the architect of the 2004 champion Pistons.
    April 25, 2025

    The Former NBA Agent Who Became a Pickleball Deputy Commissioner
    Chris Patrick went from representing Jimmy Butler to pickleball deputy commissioner.
    Sponsored

    Hottest Matchups Following NFL Schedule Release
    The NFL released the 2025 regular-season schedule, and anticipation is already building in the ticket marketplace with four months to go.
    March 13, 2025

    Junior Bridgeman Was the Prototype for Business Success After Sports
    He started with Wendy’s franchises, later expanding into bottling, magazines, and more.
    Feb 12, 2023; Glendale, Arizona, US; A$AP Rocky on the sideline after halftime during Super Bowl LVII at State Farm Stadium.
    February 27, 2025

    A$AP Rocky Could Be Latest Celebrity Owner in English Soccer
    Following his acquittal, the rapper is closer to owning Tranmere Rovers.
    Oct 23, 2024; Miami, Florida, USA; Miami Heat president Pat Riley addresses the crowd during the Pat Riley Court dedication ceremony at halftime at Kaseya Center.
    February 14, 2025

    Here’s Where Pat Riley’s Three-Peat Trademark Money Goes
    Riley has the phrase trademarked despite having no three-peat of his own.
    Dec 1, 2024; Landover, Maryland, USA; Washington Commanders general manager Adam Peters (L) talks with Commanders owner Josh Harris (R) on the field prior to the game against the Tennessee Titans at Northwest Stadium.
    December 4, 2024

    CEO Leaves $13 Billion Soup Company to Run Commanders
    The new president will lead the planning and development of the team’s stadium.