Jun 13, 2013, 2:19 PM EDT
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 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.
Aug 2, 2014, 1:22 AM EDT
Adam Silver and Larry Bird issued statements as well.
LeBron James leads long list of players wishing Paul George the best after suffering serious USA Basketball injury
Aug 2, 2014, 12:07 AM EDT
LeBron, like most NBA players, had nothing but get-well wishes for Paul George following what appeared to be a serious injury.
Aug 2, 2014, 12:01 AM EDT
Rose looking as athletic as ever.
Paul George leaves USA Basketball Showcase with severe lower leg injury, remainder of scrimmage canceled
Aug 1, 2014, 10:51 PM EDT
Gruesome injury suffered by George causes remainder of scrimmage to be canceled.
Aug 1, 2014, 10:00 PM EDT
Only six NBA players have no-trade clauses, and Parker wasn’t eligible under the circumstances.
Aug 1, 2014, 8:45 PM EDT
New uniforms for the national team.
Aug 1, 2014, 7:35 PM EDT
Damian Lillard also wanted Williams back in Portland
Aug 1, 2014, 6:30 PM EDT
Magic Johnson takes parting shot at Mike D’Antoni
Aug 1, 2014, 5:44 PM EDT
Rumor had suggested Brewer could replace Kevin Martin or J.J. Barea in deal
Aug 1, 2014, 5:00 PM EDT
Chicago added Pau Gasol, Nikola Mirotic and Doug McDermott this summer
Aug 1, 2014, 4:14 PM EDT
New York had only minimum contract available
Aug 1, 2014, 3:37 PM EDT
If true, Corey Brewer would be a nice get for the Cavaliers.
Aug 1, 2014, 3:00 PM EDT
It’s no Heat-Cavaliers, but it’ll do
Aug 1, 2014, 2:22 PM EDT
Parker’s max extension: three years, $43,335,938
Aug 1, 2014, 1:51 PM EDT
Aug 1, 2014, 1:00 PM EDT
Wade is trying to drop pounds to make life easier on his knees. We’ll see how much that helps.
Aug 1, 2014, 12:25 PM EDT
That will go away in three months
Aug 1, 2014, 11:51 AM EDT
“So when I say I felt disrespected, I just felt like the way I played the game of basketball wasn’t appreciated.” —Isaiah Thomas referring to Sacramento management.
Aug 1, 2014, 11:20 AM EDT
Why is the Pacers’ star choosing LeBron James’ team?
Report: Greg Monroe ‘doesn’t really have a great interest in going back and playing with the Pistons’
Aug 1, 2014, 10:29 AM EDT
Pistons have reportedly talked sign-and-trade with Hawks, Suns and Blazers (but Portland is out)
- Paul George tweets: “I’ll be ok and be back better than ever” 0
- Paul George leaves USA Basketball Showcase with severe lower leg injury, remainder of scrimmage canceled 74
- Rumor: Corey Brewer to Cleveland now part of Kevin Love trade talk 24
- Tony Parker signs (another) contract extension with Spurs 10
- Bulls owner issues statement refuting rift between Bulls front office, Derrick Rose 23
- If traded before World Cup starts could Kevin Love still play for USA? Colangelo said it’s possible. 2
- Anthony Davis steps into spotlight, is Team USA’s lynchpin 18
- Referee Violet Palmer comes out publicly as gay 49