ESPN: NBA owners have more than $10 billion invested in China

Credits Ciamillo-Castoria
Credits Ciamillo-Castoria

The report was published analysing the current status of the relationship between the league and the country

NBA’s 40 principal owners have more than a combined $10 billion tied up in China, according to a ESPN report published today. Between the personal investments and NBA China having grown into a $5 billion business, “the China value of each of the league’s 30 teams (is) an estimated $150 million,” as indicated in the report.

Brooklyn Nets owner Joe Tsai, a co-founder of Chinese e-commerce company Alibaba, has the most money tied up in China, 53.3 percent of his net worth, per ESPN. Second is Sacramento Kings co-owner Paul Jacobs at 30 percent, per the report.

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