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Wednesday, May 20, 2015

NBA: Who Owns Each Franchise?

In honor of the NBA Draft lottery held last night, we decided today's post would actually be a re-posting from last May concerning who owns each NBA franchise and where they got their wealth from.

This was written last May when the NBA, run by greedy, soulless billionaires with a shill 'Commissioner' that represents them, kicked out one of their own (Donald Sterling) because he said the naughty 'N' word while illegally recorded that hundreds of millions of people around the globe either publicly utter or privately think on a near daily basis..

Ironically, had Sterling not paid his income taxes, hit a pedestrian with his car or raped a woman and he'd still have possession of his LA Clippers today..
~ The gold digging mulatto whore and the wealthy, old senile sap

But he said a 'no-no' word that threatened to hurt the other greedy soulless owners' in their bank accounts so he had to go..

The one thing that should be taken away from this list is Every single owner of Every single NBA franchise has the means to spend what is necessary to bring a Championship to their city

But few ultimately do..
They hide behind something they created as a public facade -- the salary cap to tell fans "Gee we would like to spend more but dog-gone it, if not for that cap..."

So for 'fun', we looked to see who owned the NBA franchises..  Some will be individuals.. Some  corporations..  But every owner obscenely wealthy...  

And the everyday people making 5-6 figures annually while paying to watch slam dunks and alley oops couldn't seem to give a Damn over the disparity..

Atlanta Hawks -- owned by Atlanta Spirit, a sports partnership of 7 owners.  They also at one time owned NHL's Atlanta Thrashers but ran the franchise to the ground then sold it to another partnership which ultimately became the current Winnipeg Jets

Boston Celtics -- owned by Boston Basketball Partners, LLC which is really 4 very wealthy men who pooled their resources together to buy the Celtics in 2002

Brooklyn Nets -- owned mainly by Mikhail Prokhorov (80% share), a Russian billionaire who made his money in precious metals such as nickel and palladium; His net worth is close to $11 billion

Charlotte Hornets (formerly Bobcats) -- owned by Michael Jordan with  BET TV founder Robert Johnson still possessing a minority ownership stake.   Being a product whore for Nike, McDonalds, Coca-Cola, Gatorade, Rayovac Batteries, MCI long distance and Hanes Underwear (among others) really paid off..

Chicago Bulls -- owned by Jerry Reinsdorf who also owns MLB's Chicago White Sox
Cleveland Cavaliers -- owned by Dan Gilbert who is worth close to $4 billion and owns shares in many smaller sports leagues, is operator of Quicken Loans and Rock Gaming which operates casinos

Dallas Mavericks -- owned by Marc Cuban who is worth $2.6 billion and made his money initially via the stock market bubble of the mid 1990's

Denver Nuggets -- owned by Stan Kroenke which runs Kroenke Enterprises and owns among other teams, MLB's Colorado Rockies, NFL's St Louis Rams, MLS' Colorado Rapids and is largest shareholder in English football club Arsenal... He is worth $4.1 billion

Detroit Pistons -- owned by Tom Gores who is worth $2.5 billion.. He is the founder of Platinum Equity, a global private equity firm with headquarters in Beverly Hills. 
Golden State Warriors -- owned by Joe Lacob, a partner at Kleiner Perkins Caufield & Byers which is a venture capital investment firm; He bought the team in 2010 for $450 million

Houston Rockets -- owned by Leslie Alexander a former bond trader now worth $1.2 billion

Indiana Pacers -- owned by Herb Simon a real estate magnate who also runs Simon Property Group which owns many malls throughout the US.  He has a net worth of $2.2 billion

LA Clippers -- owned by former Microsoft executive Steve Ballmer who paid $2 billion... The fact he could come up with that amount to buy the team from Donald Sterling is just sickening

LA Lakers -- owned by the Jerry Buss Family Trust i.e. Dr Buss' children.   He passed away in 2013

Memphis Grizzlies -- owned by Robert Pera (majority owner) who is also founder of Ubiquiti Networks, a technology company.  He became a billionaire when Ubiquiti went public in 2011 

Miami Heat -- owned by Mickey Arison who also until recently was CEO of Carnival Cruise Lines, the world's largest cruise operator. His father co-founded it.   Arison is worth nearly $6 billion

Milwaukee Bucks -- owned by Mark Lasry, a billionaire hedge fund manager,  He is also the co-founder and chief executive officer of Avenue Capital Group and the co-owns the Bucks with Wesley Edens who founded Fortress Investment Group.
Minnesota Timberwolves -- owned by Glen Taylor who was a former member of the Minnesota Senate and also owns the Minnesota franchise in the WNBA.  He founded Taylor Corporation, a privately held multinational printing and electronics company and is worth $1.8 billion

New Orleans Pelicans -- owned by Tom Benson who also owns NFL's New Orleans Saints and possesses a net worth of $1.3 billion.  Benson became wealthy by investing profits from his automobile dealerships in local banks. He eventually purchased several small Southern banks and formed Benson Financial, which he sold to Norwest in 1996.

New York Knicks -- owned by the Madison Garden Company and led by James Dolan who's father founded Cablevision and who's uncle Larry Dolan owns MLB's Cleveland Indians

Oklahoma City Thunder -- owned by Professional Basketball Club LLC, a group headed by Clayton Bennett.  He was a principal owner of the San Antonio Spurs during the 1990s.  He originally purchased the team when it was the Seattle Sonics for $350mil with a good-faith promise he'd keep the team there..  Obviously he didn't..

Orlando Magic --  owned by RDV Sports INC headed up by Richard DeVos who founded Amway and is now worth $5.1 billion

Philadelphia 76ers -- owned by Josh Harris, a billionaire scumbag valued at $2.6B who made his money on Wall Street as an equity investor and owns Apollo Global Management as well as the NHL's New Jersey Devils.

Phoenix Suns --  owned by Robert Sarver who also owns Phoenix's WNBA franchise.   In 1982, he founded the National Bank of Arizona then later sold it at a big profit then later acquired and currently possesses other local banks

Portland Trailblazers -- owned by former Microsoft executive Paul Allen who is so wealthy, he also owns the NFL's Seattle Seahawks

Sacramento Kings -- owned by Vivek Ranadiv√© founder and CEO of TIBCO, a multi-billion dollar real-time computing company, and is credited with digitizing Wall Street in the 1980s with his first company, Teknekron Software Systems
San Antonio Spurs -- owned by Peter Holt, CEO of Holt Cat, the largest Caterpillar dealership in the United States and chairman, CEO, and owner of Spurs Sports & Entertainment

Utah Jazz --  owned by Gail Miller and Larry H. Miller Sports & Entertainment Group of Companies (LHMSC)  Larry Miller owned a myriad of other businesses including movie theaters and auto dealerships and upon his death, his wife Gail took over ownership of the team

Toronto Raptors -- owned by Maple Leaf Sports & Entertainment which also own NHL's Toronto Maple Leafs and MLS' Toronto FC

Washington Wizards -- Ted Leonsis, a former venture capitalist who also owns NHL's Washington Capitals, Washington's WNBA franchise and the Verizon Center.  He is worth over $1 billion

So there you are..  All the owners of the NBA..  
30 NBA owner billionaires..

30 greedy soulless pigs..