The NBA has made detailed regulations on private equity teams: institutional investors such as private equity funds can own up to 20% of the shares of a team and can participate in up to 5 teams; The maximum share of any team in an investment fund is 30%. 275 million! Warriors reached a huge contract! Transfer 5% of the shares, that is, after joining private equity funds, NBA teams will tend to "cash flow". When the fund owns the equity of multiple teams, the asset flow between the team owners and the league will be more flexible. In short, if your worth reaches $65.438+0 billion to $2 billion, you can join the game and become a "little boss" of multiple teams. But then again, when you really have ten-digit assets, are you really interested in NBA or sports? Forget it, for people who earn thousands of dollars a month, these are not things I should worry about.

Now talk about warriors. Warriors are actually the fastest rising team of all teams. On the one hand, I want to thank the team management for their choice and firm support for Curry. On the other hand, they should also benefit from signing a contract to form a five-star warrior in Durant. This also makes the value of this team rise. Even if the audience shrank and the ranks were uneven because of the epidemic, the Warriors boss stopped losing 200 million silver tickets, but he could stop the loss in time by selling 5% of the shares casually and make a profit of 75 million. Sportico quoted a number of people familiar with the matter as saying that Arctos Sports Partners is acquiring a 5% stake in the Golden State Warriors, and the overall valuation of the team is close to $5.5 billion. This is the first private investment after the NBA relaxed the rules for the sale of team shares.

It is worth mentioning that according to the NBA team valuation ranking published by Forbes, the Warriors ranked second with a valuation of $4.7 billion, far behind the valuation of $5.5 billion when they acquired the Warriors. Arctos Sports Partners was founded by Ian Charles, a senior private equity investor, and David O 'Connor, former CEO of MSG Group. The assets managed by the company are about US$ 6,543.8 billion, and it is planned to invest in various sports resources. In addition to Arctos Sports Partners, the NBA also formally entrusted Dyal Capital Partners, an asset management agency, to raise long-term capital management funds for the acquisition of minority shares in NBA teams. According to the plan, the capital scale of the fund is 65.438+0 billion to 2 billion US dollars. It plans to buy a small number of shares in five or eight teams first, and may eventually become a shareholder in 15 team.

According to Sportico's previous report, private equity funds and other institutional investors can buy up to 20% of the shares of a team and own up to five teams. This regulation has been approved by the NBA board of directors. After Arctos Sports Partners entered, the NBA is also considering whether to further expand the scope of private equity investors, not just these two institutions. The reason why the NBA relaxes the regulations on selling team shares is because the valuation of each team is very high, and even the sale of a small number of shares is sky-high, which makes it difficult for minority shareholders to sell. Especially under the impact of the COVID-19 epidemic, minority shareholders of some teams began to waver, hoping to cash out.