The NBA has lifted the limit on private equity investments from five to eight franchises, allowing Arctos Partners to increase its holdings to six teams, including the Memphis Grizzlies and the Washington Wizards. This change, effective December 3, enables Arctos to expand its portfolio, which also includes stakes in the Philadelphia 76ers, Utah Jazz, Sacramento Kings, and Golden State Warriors. The firm is unique in owning shares across all major North American professional sports leagues. While the reasons for the rule change remain unclear, other firms like Sixth Street and Blue Owl are also investing in NBA teams.
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NBA Raises Private Equity Ownership Cap to Eight Teams
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