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.
Jul 26, 2014, 2:30 PM EDT
Kevin Durant is the perfect international power forward anyway.
Jul 26, 2014, 1:00 PM EDT
Looks like tons of fun.
Jul 26, 2014, 11:30 AM EDT
The way the Kings handled this lets them keep Quincy Acy.
Jul 26, 2014, 10:14 AM EDT
With trade talks ongoing, Love can’t afford to risk injury.
Jul 26, 2014, 9:30 AM EDT
Making sure Kobe Bryant is happy in his final two seasons in Los Angeles seems to be at the top of the list.
Jul 26, 2014, 8:00 AM EDT
Harden seems to backtrack a bit on comments Chandler Parsons took offense to.
Jul 26, 2014, 12:01 AM EDT
Players asked Adam Silver for for an extended break when he first took office. He seems to be listening.
Jul 25, 2014, 10:46 PM EDT
Anthony reportedly strongly considered the Lakers too, but he says that wasn’t really the case.
Jul 25, 2014, 9:45 PM EDT
The union for the players continues to struggle to get some competent leadership in place.
Jul 25, 2014, 8:45 PM EDT
Come on, son.
Jul 25, 2014, 7:45 PM EDT
Joakim Noah continues to be brutally honest when speaking about his team’s competition.
Jul 25, 2014, 6:46 PM EDT
The Andrew Wiggins spin and dunk is a thing of beauty.
Jul 25, 2014, 5:59 PM EDT
Casspi ends up back with the Kings on a minimum salary deal.
Jul 25, 2014, 5:14 PM EDT
He is a solid backup to have while Dennis Schroder develops.
Jul 25, 2014, 4:30 PM EDT
Magic rookie shows off handles
Jul 25, 2014, 3:44 PM EDT
Will Cherry was fun to watch at Las Vegas Summer League.
Jul 25, 2014, 3:05 PM EDT
George Karl is a better coach than Byron Scott
Jul 25, 2014, 2:22 PM EDT
Finally. Job has been vacant since April 30.
Jul 25, 2014, 1:44 PM EDT
Knicks’ record last season: 37-45
Melo’s contract value: $124,064,681
Jul 25, 2014, 1:11 PM EDT
Bulls also must make room for Nikola Mirotic in frontcourt
- Kevin Love leaving Team USA not helpful, certainly not devastating either 0
- Kevin Love pulling out of USA Basketball due to lingering likelihood of trade from Timberwolves 14
- Why are the Lakers hiring Byron Scott as head coach? 15
- Report: NBA considering week-long break for All-Star Game next year 6
- Report: Knicks made (ridiculous) offer to trade for Kevin Love 48
- Report: Lakers finally offer coaching position to Byron Scott, deal expected soon 26
- Report: Cavaliers leading Kevin Love-trade sweepstakes 41
- Chris Paul on boycott if Sterling is still owner: “That’s something me and Doc are both talking about” 32