National Basketball Association

[Dob Hooligan]

As valuations go up the approach to ownership takes on a much more corporate veneer. Owning a team used to be more of a hobby for many, and it was very common to lose money on the deal. Family and multi-generational ownership made more sense. Now valuations have taken these team valuations into the realm of Fortune 500 company market caps. As recently as the eighties you could buy a major league team for a few million bucks.

I think you will see more and more flips, but you will also see much more in the way of succession planning, investor GROUPS rather than single owners, etc.

So true. The value increases are providing different challenges to each league. The NFL does not allow corporate ownership. They demand one person has something like 30-35% team ownership and full ability to make decisions on league business. I also think minority investors must stand for league investigation and approval. Money invested must be proven to be liquid and individually controlled at whatever level the NFL decides. Leaves the NFL looking like only the Walton, Bezos and other ultra-wealthy American families can buy in.

The NBA rules are different, but they do want a strong representative to the Board of Governors. And transparency in capital acquisition. Not sure how the NBA compares to the NFL in regards to corporate ownership.

MLB has had corporate owners as long as I can recall. I think CBS owned the Yankees throughout the 1960s into the early 70s, when they sold to George Steinbrenner. Disney/ABC/ESPN owned the Angles in the 1990s-2000s. Fox owned the dodgers about the same time.

Seems like the NHL just wants to know if you can cover payroll this week. /s

[Laramie]

[Just_Curious]

Russell Westbrook heading to Denver. His 6th team in 8 years. Pretty wild.

[CaptDave]

I hope he will return to OKC and retire as part of the Thunder when the time comes.

[Boop]

Russell Westbrook heading to Denver. His 6th team in 8 years. Pretty wild.

Pretty wild? It is not surprising that Westbrook is on his 6th team in 8 years because he is not good anymore

[Laramie]

[Laramie]

Twenty cities that could get an NBA expansion team in the future

[Dob Hooligan]

Las Vegas doesn't have a real arena. The city is the capitol of big plans that don't happen.

I still say Louisville will be the second city chosen. Seattle being a lock for number one.

[Sonicthunder]

Las Vegas doesn't have a real arena. The city is the capitol of big plans that don't happen.

I still say Louisville will be the second city chosen. Seattle being a lock for number one.

There is multiple arenas in Vegas that are NBA ready

[Dob Hooligan]

There is multiple arenas in Vegas that are NBA ready

No. There are not any arenas that have the ability to meet the NBA requirements of being the principal tenant and control of dates and in-facility revenue. That is before current luxury suite inventory

[BoulderSooner]

No. There are not any arenas that have the ability to meet the NBA requirements of being the principal tenant and control of dates and in-facility revenue. That is before current luxury suite inventory

being the "principal" tenant is not any NBA requirement (just a desire) ... which is why Climate pledge in seattle would likely be the host of the NBA team there ..


the clippers before there recent move were the 3rd tenant in the crypto.com arena ..

[Dob Hooligan]

being the "principal" tenant is not any NBA requirement (just a desire) ... which is why Climate pledge in seattle would likely be the host of the NBA team there ..


the clippers before there recent move were the 3rd tenant in the crypto.com arena ..

I would suggest that with a $3 to $4 billion expansion fee, the new owners must be the principal tenant.

I used to follow the Seattle efforts for a new arena closely, and I am convinced the Climate Pledge Arena and Kraken NHL team are partnered in such a way that the return of the Sonics will have most (if not all) of the same partners. Everything about it was with NBA in mind.

The Clippers moved because Steve Ballmer knew they would continue to wither as the 3rd tenant.