NBA owners have combined $10bn invested in China, study shows
by Agencies from on (#5ZE6X)
- NBA owners have $10bn invested in China, per ESPN analysis
- Nets owner Joe Tsai has 53.3% of net worth tied up in China
Forty principal owners in the NBA have more than a combined $10bn tied up in China, investments that have significant impact on the valuation of the teams, according to an ESPN report published Thursday.
Between the personal investments and NBA China having grown into a $5bn business, the China value of each of the league's 30 teams (is) an estimated $150 million," per the ESPN report.
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