NBA forms Africa business entity valued at $1bn

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NBA Africa will oversee its business on the continent, including Basketball League Africa

New York Knicks centre Taj Gibson grabs a rebound against the Atlanta Hawks during the 2021 NBA Playoffs in New York, the US. Picture: SETH WENIG/USA TODAY SPORT

Former NBA players Dikembe Mutombo, Junior Bridgeman, Luol Deng, Grant Hill and Joakim Noah also invested. Altogether, the investors have acquired an 8% stake, a person familiar with the deal said, asking not to be identified because the details are private. The NBA may ultimately play some regular-season games in Africa, he said. The Basketball League Africa, the NBA’s first collaboration on a league outside North America, is now playing its inaugural season.

 

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