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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]
The next-richest NBA team owner knows a thing or two about basketball — none other than Michael Jordan, who earned just $90 million of his $2.1 billion fortune on the court. Much of the rest ...
Mark Cuban (born July 31, 1958) is an American businessman and television personality. He is the former principal owner and current minority owner of the Dallas Mavericks of the National Basketball Association (NBA), co-owner of 2929 Entertainment, and was one of the main "sharks" on the ABC reality television series Shark Tank. [2]
Former U.S. Senator Herb Kohl was the long-time owner of the team, but on April 16, 2014, a group led by billionaire hedge fund managers Wes Edens and Marc Lasry agreed to purchase a majority interest in the team from Kohl, a sale which was approved by the owners of the NBA and its Board of Governors one month later on May 16. [10]
GOBankingRates used Forbes’ data to find the (1) notable owners, (2) 2020 team value, (3) purchase price and (4) year of purchase for every team in all three leagues analyzed.
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 ...
In April 2014, Lasry became co-owner of the NBA's Milwaukee Bucks after purchasing the team from Herb Kohl for $550 million with Wes Edens. [14] Following the 2016 U.S. election, Lasry and the Milwaukee Bucks became one of three NBA teams to openly state they would not be staying at Trump branded hotels when on the road. [15]
The team is affiliated with the NHL's Columbus Blue Jackets. Gilbert has been an active and vocal owner, often speaking out on social media and in public about his teams and the NBA. He has also been involved in efforts to bring major sporting events to Cleveland, including the NBA All-Star Game and the NFL Draft.
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related to: nba team owners