NBA Lures Players and Investors to Form Africa Business Entity Valued at Nearly $1 Billion
Specific terms of the investment in NBA Africa were not made available, but NBA commissioner Adam Silver said in a press conference Monday that the enterprise value for NBA Africa is worth nearly $1 billion. Nigeria-based industrial group Yinka Folawiyo Group and Helios Fairfax Partners Corporation, an investment holding company that trades on the Toronto Stock Exchange under the ticker symbol "HFPC," are investors in NBA Africa. Former NBA players Luol Deng and Joakim Noah are also investors. Silver and NBA chief operating officer Mark Tatum will have NBA Africa board seats, joining Babatu...
Source: nbcnewyork.com