Jun 13, 2013, 2:19 PM EST
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.
Dec 28, 2014, 10:30 PM EST
Flip Saunders said this a few weeks ago, too, but Rubio isn’t ready to stick to a timeline just yet.
LeBron, after Cavaliers lose by 23 at home to Pistons: ‘Right now we are not very good. In every aspect of the game’
Dec 28, 2014, 9:00 PM EST
An ugly home loss to a dismal Detroit team has LeBron telling it like it is.
Dec 28, 2014, 7:30 PM EST
It had been brewing for a while, but it still caught most of us by surprise.
Dec 28, 2014, 6:00 PM EST
Nice move by the Lakers, who pick up a promising big man prospect with an inexpensive non-guaranteed contract.
Dec 28, 2014, 4:29 PM EST
Knee injury suffered on Christmas Day will continue to keep Irving sidelined.
Dec 28, 2014, 3:30 PM EST
Bryant has uncharacteristically sat out the previous three games simply to rest.
Dec 28, 2014, 2:00 PM EST
West shoved Garnett at the time, but was in a joking mood afterward.
Dec 28, 2014, 12:30 PM EST
Cousins had it all working in this one.
Dec 28, 2014, 11:00 AM EST
It was a risky move by head coach David Blatt.
Dec 28, 2014, 9:30 AM EST
Western Conference ends season with huge advantage, begins another right where it left off
Dec 28, 2014, 8:00 AM EST
He was an offensive force Saturday. Who knew?
Dec 28, 2014, 12:28 AM EST
The Magic still won the game.
Dec 27, 2014, 10:25 PM EST
Just like Lance… and you really shouldn’t imitate Lance.
Dec 27, 2014, 9:00 PM EST
He’s done it twice in the last two games.
Dec 27, 2014, 8:02 PM EST
A sports hernia kept him out of training camp and the rookie has never caught up with the learning curve.
Dec 27, 2014, 6:30 PM EST
Stephenson has missed the last four games.
Dec 27, 2014, 5:03 PM EST
Will the Lakers’ offense resort to stagnation?
Dec 27, 2014, 3:30 PM EST
Anthony Davis has arrived.
Dec 27, 2014, 2:00 PM EST
Stuckey says the trade robbed the locker room of accountability.
Dec 27, 2014, 12:30 PM EST
LeBron James was in “chill mode” and this team is vulnerable when he is.
- LeBron, after Cavaliers lose by 23 at home to Pistons: ‘Right now we are not very good. In every aspect of the game’ 19
- Paul Pierce ‘shocked’ by Celtics trade of Rajon Rondo to Mavericks 11
- Kobe Bryant will return to Lakers lineup Sunday vs. Suns 14
- Kevin Love benched entire fourth quarter of Cavaliers win over Magic 27
- PBT’s Top 10 NBA stories of 2014, No. 10: Anthony Davis’ breakout 19
- Rumor: Ray Allen leaning toward retirement, not return 12
- Josh Smith makes Rockets debut, throws down two-handed dunk (VIDEO) 15
- Carmelo Anthony on the Knicks: “The fans are dying, we’re dying” 20