Abu Dhabi's Mubadala Investment Co. and Qatar Investment Authority executives have explored the possibility of buying minority stakes in NBA teams, per Ben Bartenstein, Giles Turner and Dinesh Nair of Bloomberg.
Those investment firms are searching for potential matches with NBA teams, and Bloomberg posited that the New York Knicks could be a target:
"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."
bleacherreport.com
Those investment firms are searching for potential matches with NBA teams, and Bloomberg posited that the New York Knicks could be a target:
"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."
Report: Abu Dhabi, Qatari Investment Funds Interested in Owning NBA Teams
Abu Dhabi's Mubadala Investment Co. and Qatar Investment Authority executives have explored the possibility of buying minority stakes in NBA teams, per Ben...
bleacherreport.com