9 ms·
They’re going for a minority stake, along with a few other intermediate milestones
by wyxuan 5y ago
They’re going for a minority stake, along with a few other intermediate milestones
- MisterBastahrd 5y agoThe NBA has a rule where a team can have no more than 25 total owners and the least an owner can hold is 1%. It was created in response to shenanigans by team owners where they would sell tiny fractions of a percent of the company to friends and family so they could claim they owned teams. So unless one of them have at least $12M laying around, I don't see any of them being able to do this.