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NBA owners ‘have a combined $10 billion of exposure in China’ beyond league’s $5 billion business in the country

Hornets’ Michael Jordan And Nets’ Joe Tsai Among Top Investors

Illustration from file images/ <https://creativecommons.org/licenses/by-sa/4.0>, via Wikimedia Commons

By REUTERS and ALEX RASKIN

SPORTS NEWS EDITOR FOR DAILYMAIL.COM

Forty principal owners in the NBA reportedly have more than a combined $10 billion tied up in China – investments that have significant impact on the valuation of the teams.

Between the personal investments and NBA China having grown into a $5 billion business, ‘the China value of each of the league’s 30 teams [is] an estimated $150 million,’ according to ESPN, which commissioned the New York firm Strategy Risks to conduct an assessment.

Click the link below to read the rest of this story.

https://www.dailymail.co.uk/news/article-10834135/Report-NBA-owners-combined-10B-invested-China.html

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