8legs: Sixth street partners

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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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