Skip to content

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.

Latest Posts
  1. D’Angelo Russell says Kobe Bryant is “mentally on another level”

    Sep 5, 2015, 9:30 AM EDT

    2015 NBA Rookie Photo Shoot Getty Images

    “I always preach, I didn’t get here from being the most athletic guy, the fastest guy, the tallest guy, or the strongest, I got here from my mind.” —D’Angelo Russell

  2. Tony Parker talks about playing for legacy with Spurs, France

    Sep 5, 2015, 8:00 AM EDT

    cd0ymzcznguwzdbhnduynddiytjhm2yyzthlmtjjotqwyyznpwq2ztywmty4njnjy2y5nzvkzda1ytkzngqyowe3mzzj AP

    Is he the best European ever in the NBA?

  3. Report: Kendall Marshall near deal with Sixers

    Sep 4, 2015, 7:30 PM EDT

    Milwaukee Bucks v Cleveland Cavaliers Getty Images

    He’s coming off an ACL surgery and misses the start of the season.

  4. Eric Bledsoe: Suns not content just sneaking into the playoffs

    Sep 4, 2015, 2:24 PM EDT

    Phoenix Suns v San Antonio Spurs Getty Images

    Given the strength of the Western Conference, they should be

  5. Report: NBA would continue to receive national TV money during work stoppage

    Sep 4, 2015, 1:25 PM EDT

    John Skipper, David Levy, Ted Leonsis, Adam Silver AP

    That’ll make owners more prone to locking out players

  6. Report: Rockets signing four free agents, including Chris Walker

    Sep 4, 2015, 12:23 PM EDT

    SEC Basketball Tournament - Second Round - Florida vs Alabama Getty Images

    Houston also reportedly adding Denzel Livingston, Remi Yusuf, Will Cummings

  7. JaVale McGee says he’s close to healthy, will be ready for season

    Sep 4, 2015, 8:00 AM EDT

    JaVale McGee AP

    If he’s healthy and the vintage, athletic McGee Dallas could use him.

  8. John Wall got a $20,000 portrait of himself for his birthday (PHOTO)

    Sep 3, 2015, 11:15 PM EDT

    John Wall John Wall

    The street artist Madsteez painted the commissioned piece.

Top 10 NBA Player Searches
  1. D. Rose (2091)
  2. K. Irving (1695)
  3. A. Davis (1590)
  4. R. Rubio (1516)
  5. L. James (1489)
  1. K. Durant (1485)
  2. K. Bryant (1438)
  3. T. Thompson (1261)
  4. J. Clarkson (1202)
  5. A. Aminu (1160)