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This article is a list of principal owners of National Basketball Association teams. The NBA requires a change in "controlling ownership" to be approved by the NBA Board of Governors, composed of one representative (Governor) from each team. [1] Toronto Raptors owner Larry Tanenbaum has been Chairman of the NBA Board of Governors since 2017. [2]
With an estimated net worth of $4.3 billion, Mark Cuban is not the richest NBA owner, but he is one of the most famous and outspoken. In 1995, he co-founded Broadcast.com, an early video portal.
The valuations are composed of the monetary worth of the sport, market, stadium deals, and brand. [1] These areas are supported by applying financial metrics such as debt and operating income to each one. [2] The latest ranking reported that the Golden State Warriors is the most valuable NBA franchise after the 2021–22 NBA season. [3]
Corporate entities and team owners with no reliable net worth information available were excluded from the final ranking. Find out if your favorite team’s owner is among the richest in their ...
The Memphis Grizzlies were the least valuable NBA franchise at $3.06 billion, but Sportico notes that is 127% more than what the cheapest NBA team was worth four years ago.
In June 2011, Gores and Platinum Equity became the owners of the National Basketball Association's Detroit Pistons. He became the sole owner in 2015. As of July 2024, his net worth was estimated at $9.1 billion. [4]
As of December 2024, Forbes estimated his net worth at US$23.3 billion making him 87th richest person [3] ... List of NBA team owners; References
Unless you inherited a sports team, you'll usually need a few million dollars -- or even billions of dollars -- to become a professional sports team owner. But because some teams have been passed ...