The NBA is soliciting feedback from owners, seeking to gauge their interest in selling to such a vehicle, or allowing members of their ownership group to do so. The memo said specific terms -- such as how much or little the vehicle could acquire from any team -- haven’t been determined.
Owners are asked to respond by Wednesday.
“The intent of this inquiry is to provide the committee and the league office with a general sense of the initial level of potential interest across the league in pursuing such a program,” the NBA said in the memo.
This article provided by Bloomberg News.