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business22h ago
Report: NBA Europe expansion receiving interest from PE firms
- PE firms Apollo, Ares and Sixth Street are in early talks to fund NBA Europe expansion.
- Bloomberg News cites potential investor interest from about 120 entities in the Europe bid process.
- The talks are still preliminary and may not result in deals.
- Private capital has been increasingly active in U.S. basketball ownership.
- Apollo co-founder Tony Ressler is a co-owner of the Hawks.
- The report mentions Bloomberg News as the source of early discussions.
- The NBA’s Europe expansion is the central topic of the report.
- The piece lists Apollo Global Management, Ares Management and Sixth Street Partners as in discussions.
- Interest in Europe expansion includes clubs from basketball and football.
- The report notes preliminary stage and potential for no deals.
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