Qatar and Abu Dhabi seek to join in the NBA bonanza. The want ownership and to expand the NBA in the Middle East.
- Thread starter Anerdyblackguy
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Devil Plisken…CMS
Veteran
What? lol
BK The Great
Veteran
So players gonna have to travel to play there? That’s crazy.
Two of the world’s richest sovereign wealth funds are interested in buying minority stakes in National Basketball Association teams, according to people familiar with the matter, in the latest example of how oil money from the Persian Gulf is pumping up values in global sports.
Executives at Abu Dhabi’s Mubadala Investment Co. and Qatar Investment Authority have expressed their interest in NBA ownership and are actively hunting for a possible match, said the people, who requested anonymity as the discussions are private.
Mubadala and QIA’s interest is preliminary and there is no certainty that either will buy a stake in an NBA team, the people said.
One target could be the New York Knicks. The team is owned by Madison Square Garden Sports Corp., which is controlled by the Dolan family. MSGS’s biggest equity shareholder is investment firm Silver Lake Management, which has strong ties with Abu Dhabi, and is a co-investor in Premier League giant Manchester City.
Speaking on an earnings call this month, MSGS president David Hopkinson said the company was open to selling a minority stake in the Knicks.
Executives at Abu Dhabi’s Mubadala Investment Co. and Qatar Investment Authority have expressed their interest in NBA ownership and are actively hunting for a possible match, said the people, who requested anonymity as the discussions are private.
Mubadala and QIA’s interest is preliminary and there is no certainty that either will buy a stake in an NBA team, the people said.
One target could be the New York Knicks. The team is owned by Madison Square Garden Sports Corp., which is controlled by the Dolan family. MSGS’s biggest equity shareholder is investment firm Silver Lake Management, which has strong ties with Abu Dhabi, and is a co-investor in Premier League giant Manchester City.
Speaking on an earnings call this month, MSGS president David Hopkinson said the company was open to selling a minority stake in the Knicks.
Ummm no if the owners are smart that’s a nice split for all 30 of them so they will bush any expansion attempt or Middle East ownership…
Them Abu dubai mofos should buy an NFL team instead
NFL owners are too conservative to let that happen
That A-rab money make nfl owners look like bodega counter clerks
Lakerman0834
Veteran
sell the team jeanie @Trojan 24 @CantStop imagine that oil club money behind goat franchise
UpAndComing
Veteran
So now NBA East Asian money, and now Arab money?
Yeah NBA contracts bout to skyrocket lol
Yeah NBA contracts bout to skyrocket lol
Yapdatfool
Superstar
Bring a team to Seattle or Vegas if you bout that life
This
Players ain't gonna wanna go there and play back to backs. That flight would have nikkas bodies fukked up especially if they already hurt
They DEFINITELY not gonna wanna move their wives/daughters/mother's out to the middle east eithertoo much fukkery afoot.
Silver having to deal with wild ass Arab ideologies in the mediathe apology tours and HR scandals would be crazy
You know the refs getting crazy bags of diamonds dropped off in the hotel60 fta's a game
They won't have to play back to back from the Middle East back to the states.
But you know that mid season tournament Silver keeps pushing?
This is the perfect opportunity to do it.
Saudi Arabia got the rights to expanded Spanish Supercopa for the last few years and they could easily host the whole NBA for a month long tournament.
They could run it like they ran the 2020 bubble.
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Yeah, that's not remotely true, unless you are referring to the actual Saudi government and investment fund. Many NFL owners are wealthier than the top 3-5 Saudis.