NBA announces formation of NBA Africa; 5 former players are investors
Grant Hill, Joakim Noah, Dikembe Mutombo, Luol Deng and Junior Bridgeman are among the investors in the venture.
The Associated Press
May 24, 2021 5:38 PM
NEW YORK (AP) The NBA announced Monday that it has formed NBA Africa, which will oversee all league business on the continent, including the Basketball Africa League.
At least five former NBA players Junior Bridgeman, Grant Hill, Joakim Noah, Congo native Dikembe Mutombo and South Sudan native Luol Deng are investors in the venture. NBA Commissioner Adam Silver and Deputy Commissioner Mark Tatum will be on the board of directors.
NBA Africa Worth Nearly $1 Billion, Led By Hall Of Fame Players
05/24/21 AT 1:23 PM
The NBA announced Monday that it has formed a business entity that will oversee its operations in Africa. Among the investors in NBA Africa are five former players, including Hall of Famers Dikembe Mutombo and Grant Hill.
NBA Africa will be responsible for running the Basketball Africa League, which got underway on May 16. According to NBA Commissioner Adam Silver, NBA Africa has an enterprise value worth nearly $1 billion.
“With the expertise, resources and shared vision, the immensely successful investors and NBA legends, we believe that basketball in Africa can become a top sport over the next decade,” Silver said in a virtual news conference.
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Helios Fairfax Partners, Yinka Folawiyo Group Chairman and CEO Babatunde “Tunde” Folawiyo Headline Group of African Business Leaders and NBA Legends Investing in NBA Africa (www.NBA.com); NBA Legends Junior Bridgeman, Luol Deng, Grant Hill, Dikembe Mutombo and Joakim Noah Also Invest in NBA Africa.
The National Basketball Association (NBA) today announced the formation of NBA Africa, a new entity that will conduct the league’s business in Africa, including the Basketball Africa League (BAL) – a partnership between the NBA and the International Basketball Federation (FIBA) and the NBA’s first collaboration to operate a league outside of North America. The inaugural BAL season, featuring 12 of the top club teams from 12 African countries, is underway in Kigali, Rwanda, and the first BAL Finals will be held Sunday, May 30 at 4:00 p.m. CAT / 10 a.m. ET.
NEW YORK (AP) The NBA announced Monday that it has formed NBA Africa, which will oversee all league business on the continent, including the Basketball Africa League. At least five former NBA players Junior Bridgeman, Grant Hill, Joakim Noah, Congo native Dikembe Mutombo and South Sudan native Luol Deng are investors in […]