{"id":356370,"date":"2025-12-19T22:17:12","date_gmt":"2025-12-19T22:17:12","guid":{"rendered":"https:\/\/www.newsbeep.com\/ca\/356370\/"},"modified":"2025-12-19T22:17:12","modified_gmt":"2025-12-19T22:17:12","slug":"nba-private-equity-rules-loosened-to-eight-teams-per-fund","status":"publish","type":"post","link":"https:\/\/www.newsbeep.com\/ca\/356370\/","title":{"rendered":"NBA Private Equity Rules Loosened To Eight Teams Per Fund"},"content":{"rendered":"<p class=\"paragraph larva \/\/ lrv-u-margin-lr-auto  lrv-a-font-body-m   \">\n\t<a href=\"https:\/\/www.sportico.com\/t\/nba\/\" id=\"auto-tag_nba_1\" data-tag=\"nba\" rel=\"nofollow noopener\" target=\"_blank\">NBA<\/a> owners have loosened their rules governing <a href=\"https:\/\/www.sportico.com\/t\/private-equity\/\" id=\"auto-tag_private-equity_1\" data-tag=\"private-equity\" rel=\"nofollow noopener\" target=\"_blank\">private equity<\/a> backers, according to multiple people familiar with the process, allowing institutional funds to invest in more teams than initially proposed.<\/p>\n<p class=\"paragraph larva \/\/ lrv-u-margin-lr-auto  lrv-a-font-body-m   \">\n\tUnder the league\u2019s original rules, funds were capped at passive, minority investments in five NBA franchises. The league\u2019s board of governors voted recently to increase that number to eight, said the people, who were granted anonymity because the details are private.<\/p>\n<p class=\"paragraph larva \/\/ lrv-u-margin-lr-auto  lrv-a-font-body-m   \">\n\tThe news was originally reported by <a href=\"https:\/\/www.sportsbusinessjournal.com\/Articles\/2025\/12\/18\/nba-amends-rules-to-now-allow-investment-firms-to-buy-equity-in-up-to-eight-teams\/\" rel=\"nofollow noopener\" target=\"_blank\">Sports Business Journal<\/a>. A representative for the NBA declined to comment.<\/p>\n<p class=\"paragraph larva \/\/ lrv-u-margin-lr-auto  lrv-a-font-body-m   \">\n\tWhile every major U.S. league now allows institutional ownership in some capacity, they vary in the specifics of their rules. That\u2019s especially true in their approach to deal limits, presumably put in place to cap the influence or data capture available to funds, some of which have raised billions to deploy into big-time team sports.<\/p>\n<p class=\"paragraph larva \/\/ lrv-u-margin-lr-auto  lrv-a-font-body-m   \">\n\tBaseball, for example, has no limit to how many team stakes that a single fund can own. The NFL\u2019s limit is six. Original rules in the NHL (five), MLS (four) and NWSL (three) all vary as well. The NWSL is the only one that also allows institutional funds to control a franchise.<\/p>\n<p class=\"paragraph larva \/\/ lrv-u-margin-lr-auto  lrv-a-font-body-m   \">\n\tIt\u2019s unclear exactly why the NBA rules were loosened. <a href=\"https:\/\/www.sportico.com\/t\/arctos-partners\/\" id=\"auto-tag_arctos-partners_1\" data-tag=\"arctos-partners\" rel=\"nofollow noopener\" target=\"_blank\">Arctos Partners<\/a>, which is buying a stake in the parent company of the Washington Wizards, already had at least four other NBA franchises in its portfolio\u2014the Golden State Warriors, Utah Jazz, Sacramento Kings and Philadelphia 76ers. SBJ reported the group is also in talks to buy a stake in the Memphis Grizzlies, which would be a sixth. <\/p>\n<p class=\"paragraph larva \/\/ lrv-u-margin-lr-auto  lrv-a-font-body-m   \">\n\tThough Arctos has been the most prolific investor in this new private equity era, it is not the only one. <a href=\"https:\/\/www.sportico.com\/t\/sixth-street\/\" id=\"auto-tag_sixth-street_1\" data-tag=\"sixth-street\" rel=\"nofollow noopener\" target=\"_blank\">Sixth Street<\/a> and <a href=\"https:\/\/www.sportico.com\/t\/blue-owl\/\" id=\"auto-tag_blue-owl_1\" data-tag=\"blue-owl\" rel=\"nofollow noopener\" target=\"_blank\">Blue Owl<\/a> are among the others invested in NBA teams.<\/p>\n","protected":false},"excerpt":{"rendered":"NBA owners have loosened their rules governing private equity backers, according to multiple people familiar with the process,&hellip;\n","protected":false},"author":2,"featured_media":356371,"comment_status":"","ping_status":"","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[434],"tags":[154064,154065,49,48,459,5671,154066,82],"class_list":{"0":"post-356370","1":"post","2":"type-post","3":"status-publish","4":"format-standard","5":"has-post-thumbnail","7":"category-nba","8":"tag-arctos-partners","9":"tag-blue-owl","10":"tag-ca","11":"tag-canada","12":"tag-nba","13":"tag-private-equity","14":"tag-sixth-street","15":"tag-sports"},"_links":{"self":[{"href":"https:\/\/www.newsbeep.com\/ca\/wp-json\/wp\/v2\/posts\/356370","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.newsbeep.com\/ca\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.newsbeep.com\/ca\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.newsbeep.com\/ca\/wp-json\/wp\/v2\/users\/2"}],"replies":[{"embeddable":true,"href":"https:\/\/www.newsbeep.com\/ca\/wp-json\/wp\/v2\/comments?post=356370"}],"version-history":[{"count":0,"href":"https:\/\/www.newsbeep.com\/ca\/wp-json\/wp\/v2\/posts\/356370\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.newsbeep.com\/ca\/wp-json\/wp\/v2\/media\/356371"}],"wp:attachment":[{"href":"https:\/\/www.newsbeep.com\/ca\/wp-json\/wp\/v2\/media?parent=356370"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.newsbeep.com\/ca\/wp-json\/wp\/v2\/categories?post=356370"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.newsbeep.com\/ca\/wp-json\/wp\/v2\/tags?post=356370"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}