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.
Mar 26, 2015, 6:26 PM EDT
The NBA is the only major sports league featured.
Mar 26, 2015, 5:30 PM EDT
Mutombo had previously denied it.
Mar 26, 2015, 4:45 PM EDT
The Wizards have become stagnant in recent weeks.
Mar 26, 2015, 3:59 PM EDT
Woodson is an assistant with the Clippers now.
Mar 26, 2015, 3:15 PM EDT
Mar 26, 2015, 2:30 PM EDT
Timofey Mozgov in a backward jersey? Timofey Mozgov in a backward jersey
Mar 26, 2015, 1:45 PM EDT
Houston own’s Llull’s draft rights
Mar 26, 2015, 1:06 PM EDT
Jazz center makes it look easy
Mar 26, 2015, 12:13 PM EDT
Thunder guard again confrontational in post-game interview
Mar 26, 2015, 11:37 AM EDT
Jazz guard just suddenly went down
Mar 26, 2015, 11:02 AM EDT
Spurs big man apparently earned $100 by making 3-pointer against Thunder
Mar 26, 2015, 10:25 AM EDT
Referees miss blatant out of bounds call, clock momentarily stops before restarting
Mar 26, 2015, 9:47 AM EDT
The best matchup of the weekend may be Jakob Poeltl vs. Jahlil Okafor.
Mar 26, 2015, 9:08 AM EDT
That might be fair, but what about all Love’s reasons for being frustrated with Cavaliers?
Mar 26, 2015, 8:30 AM EDT
Mavericks owner reverses course
Mar 26, 2015, 8:00 AM EDT
Raptors crumble in fourth quarter during loss to Chicago
Mar 26, 2015, 2:29 AM EDT
Lionel Messi was hanging out at the most entertaining NBA game of the night.
Mar 26, 2015, 12:15 AM EDT
Not a good look
Mar 25, 2015, 11:30 PM EDT
Lakers win and hurt their draft position, Timberwolves win and help theirs
Mar 25, 2015, 10:45 PM EDT
Those are no slouches defending the rim against the Rockets star
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