The NBA’s equity portfolio is now approaching nearly 20 companies, with a total value of nearly $1 billion, with roughly half of those deals coming over the last year.
According to David Haber, the NBA’s chief financial officer. the league has been active in surveying the market for new opportunities and is in constant communication with startups.
The NBA has met with venture capital companies to inform them that the league’s equity arm exists.
Six months ago, the NBA hired an executive with an extensive history of creating and fueling new startup companies.
Last December, the NBA board of governors approved a new team within the league office, one that sought out investments in outside companies. This investment arm, NBA Equity, is an expansion of an already-existing operation but has accelerated the league’s interests.


U.S. Stock Futures Edge Higher as Holiday-Thinned Trading Persists
Mexico Antitrust Review of Viva Aerobus–Volaris Deal Signals Growth for Airline Sector
US Reviewing Visa Denial for Venezuelan Little League Team Barred from World Series
Native American Groups Slam Trump’s Call to Restore Redskins Name
Eli Lilly and Novo Nordisk Battle for India’s Fast-Growing Obesity Drug Market
Novo Nordisk Stock Surges After FDA Approves Wegovy Pill for Weight Loss
Apple Eyes U.S. Formula 1 Broadcast Rights in Major Sports Streaming Push
Trump to Host UFC Event at White House on His 80th Birthday
IMF Reaches Staff-Level Agreement With Egypt, Opening Path to $3.8 Billion in Funding
South Korean Court Clears Korea Zinc’s $7.4 Billion U.S. Smelter Project, Shares Surge
Gold Prices Surge to Record Highs as Geopolitical Tensions Fuel Safe-Haven Demand
Australia’s major sports codes are considered not-for-profits – is it time for them to pay up?
U.S. Stocks Rally to Record Highs as AI Rebound Fuels Holiday-Shortened Session
Taiwan Stock Market Ends Higher as Semiconductor and Energy Shares Lead Gains
Nike Stock Jumps After Apple CEO Tim Cook Buys $2.9M Worth of Shares
Texas App Store Age Verification Law Blocked by Federal Judge in First Amendment Ruling 



