• Loading stock data...
Sunday, February 16, 2025

NBA Partners With Investment Manager to Offer Stakes in Teams

Spurs layup
Photo Credit: Daniel Dunn-USA TODAY

Dyal Capital Partners was reportedly courted by the NBA to build a fund to acquire stakes in NBA teams. How much the firm is attempting to raise for the effort is currently under wraps.

Dyal is a division of investment manager Neuberger Berman and has $23 billion in assets; it raised its fourth and largest fund of $9 billion last year. As franchise values continue to surge near $5 billion for top teams, the move indicates the NBA is seeking to broaden its investor base. The league suggested creating an investment vehicle for this purpose last year.

Other investment groups have also popped up in recent weeks seeking deals. Billionaire owners have seen the businesses that built their fortunes suffer and as a result, a larger number might look to sell at least portions of their teams to free up some cash. At least one minority stake is available, as the San Antonio Spurs ownership group is looking to take on a partner, according to reports.

The NBA is the latest league to consider private equity. MLB changed its ownership rules last year to allow funds to be part of ownership groups, leaving the NFL as the only league that prohibits the structure.

Linkedin
Whatsapp
Copy Link
Link Copied
Link Copied

What to Read

Feb 15, 2025; San Francisco, CA, USA; Osceola Magic guard Mac McClung competes in the slam dunk competition during All Star Saturday Night ahead of the 2025 NBA All Star Game at Chase Center

Mac McClung’s Dunk Contest Winnings Eclipse His NBA Guaranteed Salary

The three-time dunk contest champion has played just five career NBA games.
Feb 15, 2025; San Francisco, CA, USA; NBA commissioner Adam Silver speaks in a press conference during All Star Saturday Night ahead of the 2025 NBA All Star Game at Chase Center. Mandatory Credit: Cary Edmondson-Imagn Images

Adam Silver: ‘I’m Empathetic’ With Mavs Fans Angry After Luka Trade

The commissioner played down conspiracy theories about the Luka trade.
Feb 18, 2024; Indianapolis, Indiana, USA; Eastern Conference guard Damian Lillard (0) of the Milwaukee Bucks reacts after a play during the second half of the 73rd NBA All Star game at Gainbridge Fieldhouse.

The NBA’s Latest Attempt To Solve the All-Star Game Conundrum

A new mini-tournament on a lame-duck network may not solve the problem.
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.

Here’s Where Pat Riley’s Three-Peat Trademark Money Goes

Riley has the phrase trademarked despite having no three-peat of his own.

Featured Today

Feb 15, 2025; Montreal, Quebec, CAN; [Imagn Images direct customers only] Team United States forward Matthew Tkachuk (19) and Team Canada forward brandon Hagel (38) fight in the first period during a 4 Nations Face-Off ice hockey game at the Bell Centre.

Inside the Push for the NHL’s Next Era of International Competition

Players have been clamoring, and the league is all in.
Aug 11, 2024; Paris, France; Medals are carried out on Louis Vuitton trays after the women's volleyball gold medal match during the Paris 2024 Olympic Summer Games at South Paris Arena
February 16, 2025

LVMH’s New Push: World’s Most Powerful Luxury Group Is Coming for Sports

LVMH is making long-term deals—and they’re not done.
Jan 9, 2025; Pittsburgh, Pennsylvania, USA; Edmonton Oilers center Connor McDavid (97) checks Pittsburgh Penguins center Sidney Crosby (87) during the third period at PPG Paints Arena
February 11, 2025

‘Important’ 4 Nations Face-Off Can Be NHL’s All-Star Antidote

“The stars have been lobbying the league for an event like this.”
Brady and Mahomes
February 8, 2025

Chiefs Fatigue Is Real. It’s Nowhere Near Patriots Hate Yet

People who have covered both teams say the difference is stark.
FIFA

Saudis Awarded 2034 World Cup in Uncontested Vote

Saudi Arabia was the only option after Australia decided not to bid.
May 20, 2024

Top Sports Business Jobs This Week (May 2024)

Each week, our staff combs through the thousands of job listings from…
The stands at the Solheim Cup
September 13, 2024

LPGA Apologizes for Solheim Cup Fan Bus Debacle That Left Stands Half-Empty

The USA-Europe women’s team golf event teed off Friday morning.
Sponsored

How UBS Crafts Impactful Partnerships Across Sports, Arts, and Culture

As UBS continues to expand its impressive array of sports and entertainment partnerships, the company solidifies its position as a leader in wealth management.
October 3, 2022

Real Madrid President Renews Call for Super League

Real Madrid’s president believes that soccer is losing ground.
August 10, 2022

PGA Tour Touts Projected Earnings to Keep Players

The PGA Tour is asking its players to consider their potential futures.
August 10, 2022

Bayern Munich to Make Growth Push in U.S. Market

Bayern Munich is looking to expand its reach in the U.S.
Nintendo-logo
August 3, 2022

Nintendo Profits Underwhelm, Switch Sales Decline

Nintendo failed to meet expectations in the company’s latest earnings report.