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Harlem Globetrotters are for sale, if you have an extra $50 million or so

Jun 13, 2013, 2:19 PM EDT

Cheese Chisholm, Too Tall Hall AP

Since 1926 the Harlem Globetrotters have been basketball ambassadors to the world. They were entertainment not competition, but they spread the gospel of the game. They did it with Wilt Chamberlain for a few years and with Meadowlark Lemon for many more. They did it in the 1970s with a Saturday morning cartoon show. They did it this past March, going to North Korea to try a little basketball diplomacy (the entire thing was overshadowed by Dennis Rodman).

It’s just a lot harder to spread that message in today’s media market, but the Globetrotters remain a part of basketball history.

And you can own them… if you have a cool $50 million plus lying around.

The team is for sale, Reuters reports.

The Globetrotters, known for their trick shots, slick passing and comedy routines, are being sold by their private equity owner, Shamrock Capital Advisors, according to four sources familiar with the process.

The team, which has been held since 2005 by Los Angeles-based Shamrock, is being shopped by Piper Jaffray, the sources said. The process is in the second round, two of the sources said, with the team likely fetching between $50 million to $100 million.

Buy the Globetrotters, they will throw in the Washington Generals for free.

It will be interesting to see who buys them and what kind of changes they will bring.

  1. timb12 - Jun 13, 2013 at 2:25 PM

    I say we all gather up $50 million and then make them lose!!!

  2. goraidersgospurs - Jun 13, 2013 at 2:27 PM

    I could see B.E.T buying the team & giving them some more promoting!!!

    • apmn - Jun 13, 2013 at 3:24 PM

      No, Univision is gonna buy them and change the name to the Spanish Harlem Globetrotters.

  3. 1heatedtoombrayduh - Jun 13, 2013 at 2:44 PM

    only 50 Mil? let me grab my checkbook…now listen, you can’t cash this check until………

  4. logisticalvoices - Jun 13, 2013 at 2:49 PM

    I’ll give them a bucket full of water…or confetti.

    Great memories of those guys growing up. Here’s hoping someone buys them and doesn’t change a single thing.

  5. sportsnut101 - Jun 13, 2013 at 3:07 PM

    Maybe Jordan should buy them n have them all where Jordan’s n play against the hornets lol

  6. chargerdillon - Jun 13, 2013 at 5:01 PM

    Question #1: Who actually owns the Harlem Globetrotters?
    Question #2: In owning the Harlem Globetrotters does it mean you’re owning all of the harlem globetrotter players, or just the brand.
    Question#3: Whats to stop the team of Harlem Globetrotters from starting their own new name after they’ve sold off the brand?
    Question#4: How come there’s no white Harlem Globetrotter players?

  7. logisticalvoices - Jun 13, 2013 at 5:16 PM

    @charger: I suggest using the internets to find out. Or ask Siri.

  8. jimsjam33 - Jun 13, 2013 at 9:41 PM

    You know the Globetrotters are an interesting concept , but they need a new twist . For example , for those NBA players who just don’t want to give up maybe , just maybe , the public would pay to see a ” Champions ” type of tour . ( Modeled after Golf )

    A Team —The Globetrotters —Los Angeles
    Point guard….. ………………Allen Iverson
    Shooting Guard……………..Byron Scott
    Small forward ……………….Kenny Smith
    Power Forward …………….Charles Barkley
    Center …………………………Keith Closs

    Five or six teams with ex-NBA fan favorites would make for a terrific circuit in a shortened 90 day season . NBA fans could see all the legends ( hobbled or not ) and be willing to put out a few bucks for the privilege . Merchandising would go through the roof .

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