10 years ago
NBA expects more foreign investors to buy into teams
More international investors will follow the example of Brooklyn Nets' Russian owner Mikhail Prokhorov and buy into U.S. basketball, NBA boss David Stern said on Thursday. Wealthy groups in China, the Middle East and Latin America were all potential investors in NBA franchises, Stern said. He believed the sport could absorb the inflationary pressures that flows of foreign money have brought into English soccer's Premier League.
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