Overview

• NBA commissioner Adam Silver stated sovereign wealth funds are currently barred from controlling ownership of teams.
• League rules require controlling owners to hold at least 15% equity while sovereign funds are limited to 5% stakes.
• Silver believes rising franchise valuations are underpinned by live sports' economics but individuals must retain control.
• He welcomed sovereign funds' growing interest but was firm on current ownership regulations for oversight.
• Recent sales have seen sovereign funds buy minority stakes, but Silver sees no path to majority control.