[Botemps] Adam Silver says there is no point in the foreseeable future where he sees a possibility of a sovereign wealth fund being the controlling owner of an NBA team. He said the league believes its extremely important for individuals to be in charge of these teams.
Adam Silver says there is no point in the foreseeable future where he sees a possibility of a sovereign wealth fund being the controlling owner of an NBA team. He said the league believes its extremely important for individuals to be in charge of these teams.
— Tim Bontemps (@TimBontemps) July 10, 2023
by NokCha_
39 Comments
“But they can own 49%. That’s cool with me”
Raptors?
So I guess we’ll have to give all our money to a single user on here to buy the team and make decisions on behalf of us?
Why is it important for an individual to be in charge of these teams? Besides the GM of course
Raptors are owned by a company tho lol
Translation: up your offer.
Good, fuck the Saudis
fuck Saudi Arabia and the UAE
Adam Silver told these private equity firms to get ready to learn Chinese.
AKA get a glorified spokesperson that’ll stand in as the owner, but everyone knows the actual owners are whatever UAE billionaire/government.
Teams should just be owned by the city. At least then when they pay a billion dollars for a new stadium, they get direct profits.
Can’t wait to see 47 year old LeBron getting paid 2 billion a year to play on some Saudi league team no one has ever heard of.
Translation: Saudi middleman will form a group to buy the Vegas team when they expand. They’ll probably have LeBron as the face of it. I recall seeing on r/Lakers that he went to UAE to meet with some billionaire so this probably had something do with it
!RemindMe 4 years
This is all about Saudi Arabia and their “Ignore the fucked up shit we do/have done and just enjoy our sports, yes?” tour
Good. Fuck that shit.
Adam silver: *too small morion*
This is dumb the ccp deserves a team that will represent the people’s republic
Money talks though. I’m worried they’ll just make an offer too big to ignore.
If a team gets sold for 6 bil, and the next is valued at 6.5 bil, what are the owners reactions going to be when that 10 bil offer comes in?
Good shit Silver. It’s gotta be fucking humiliating to be a Brit seeing their culture being sold off to the most evil people.
I already feel like a bit of a sucker giving my money to the uber wealthy NBA owners. I’m not sure I could stomach a Gulf tyrant.
Well atleast on paper. I hope NBA gets spared from the whitewashing UAE is trying to do by buying/backing major sport teams across the globe.
Until they offer billions above asking price with a cut for sliver specifically
Translation: We’re gonna need to see more zeros on that check
If the money is right they will let them in just like the PGA did.
The saudis will find a spokesperson to funnel their money through.
It would be so cool to own a part of a team though… amirite?
Adam Silver is smart and correct
A franchise purchased by a SWF would be run by managers who will see things longer term and, because they don’t care about local fans, will just do what Hinkie did with The Process, until they get a player who can be dominant in the league for 20 years
Individuals matter, guys like Ballmer and Ishbia and Joe Tsai have their own timelines and would spend anything to see the success within the short time they have
The Clippers, Nets and maybe now the Suns haven’t had the success in the courts BUT they have been extremely entertaining and front row must see spectacle for the drama alone
Without these owners the teams won’t be making much of a splash at all, or at least not in a positive way
“…which is why I’m proud to announce the new owner of the Charlotte Hornets, Mr. Sheik Tamim bin Hamad Al Thani.”
its only cool when white men do it not arabs!
Silver will bend over for the right amount of money. Who’s going to put any faith in the man whose crowning achievement as commissioner is opening the floodgates for more and more ads. I’m pretty sure he has never enjoyed one second of watching basketball in his life.
Saudis can buy the Bulls. I wouldn’t complain.
If the Saudis come in offering $100 billions dollars for a team you bet he’s selling
We’re not just doing this for money…..we’re doing it for a SHITLOAD of money!!
Individuals?! To hell with that, expropriate the billionaires, make the NBA a co-op.
Knicks were good when owned by a large corporation they really have sucked since they were sold to an individual.(1990’s) The only team with a worse record this century are the team MJ sold this year.
The conditions in place that led to what we saw with the PGA for example don’t exist as much in the NFL and NBA. I don’t see those two leagues with Saudi presence anytime soon. I would not be as surprised in hockey and baseball.
MLS fanbase leans very liberal, so that might be a roadblock to such a move in that sport.
Lol silver always gonna bend down to whoever has the money anyways
I think the players should form a vanguard and seize ownership of the team themselves
The competition amongst owners is part of the nba game too
Owners say this until an offer comes in that makes their franchise suddenly look significantly more valuable.