Adam Silver: Sovereign Wealth Funds Unlikely to Become Controlling NBA Owners

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.