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NBA invests in Africa with new 'billion-dollar' business

Taking a cue from its business success in China, the National Basketball Association has created NBA Africa, with former stars Dikembe Mutombo, Junior Bridgeman, Joakim Noah, Grant Hill and Luol Deng core investors in the venture. ....

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Promotion du basket: Lancement de la «NBA Africa», une ambition pleine de grosses promesses

Promotion du basket: Lancement de la «NBA Africa», une ambition pleine de grosses promesses
afriquinfos.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from afriquinfos.com Daily Mail and Mail on Sunday newspapers.

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Nigerian businessmen Folawiyo, Lawani lead NBA Africa investors

Tana Aiyejina Published 26 May 2021The National Basketball Association on Monday announced the formation of NBA Africa and a partnership with several NBA figures and investors, including Nigerians Babatunde Folawiyo, Chairman and CEO, Yinka Folawiyo Group, and Helios Fairfax Partners Corporation, led by Tope Lawani, Co-CEO of HFP and co-founder and managing partner of Helios Investment Partners.NBA Africa will conduct the league’s business on. ....

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NBA announces the formation of new 'NBA Africa' valued at R14bn

The NBA, whose African operations are currently based in Johannesburg, will spend the cash building infrastructure such as offices, courts and stadiums and work to boost local interaction with fans and players ....

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NBA Africa Valued at $1 Billion With Watsa, Mutombo Backing

NBA Africa Valued at $1 Billion With Watsa, Mutombo Backing
Bloomberg
3 hrs ago
© Photographer: AFP Contributor/AFP
NBA Africa Valued at $1 Billion With Watsa, Mutombo Backing
(Bloomberg) The National Basketball Association Inc. is expanding in Africa through a deal that values its operations on the continent at $1 billion.
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Private equity firm Helios Fairfax Partners Corp. invested in the new African entity alongside Tunde Folawiyo, chairman of Yinka Folawiyo Group, the NBA said in a statement on Monday. 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. ....

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