The National Basketball Association announced on Monday that it has formed NBA Africa, which will oversee all league business on the continent, including the Basketball Africa League.
At least five former NBA players — Junior Bridgeman, Grant Hill, Joakim Noah, DR Congo native Dikembe Mutombo and South Sudan native Luol Deng — are investors in the venture. NBA commissioner Adam Silver and deputy commissioner Mark Tatum will be on the board of directors.
Silver said the current enterprise value of NBA Africa is “nearly $1 billion," although amounts of the league and individual investments were not disclosed.
The league said some of its primary areas of focus with the venture are to grow the BAL and to launch additional NBA academies in Africa. “The growth and development is something we are all enormously proud of,” Silver said.
There are at least 55 players currently in the NBA who were either born in Africa or have a parent from there. The NBA has played three summer exhibitions in Africa in recent years and there are hopes for more, but there are no firm plans yet to bring pre-season or regular season games to the continent.
Latest on Sportstar
- India vs Australia head-to-head in Tests: All the stats and records you need to know ahead of WTC Final 2023
- UCL Final: Cup specialist Inzaghi heading into game of his life
- IND vs AUS Dream 11 prediction, WTC Final 2023: India vs Australia Playing 11 updates, fantasy picks, pitch report, squads
- WTC Final 2023: Oval pitch report; India, Australia playing record; key stats
- French Open: Stefanos Tsitsipas regrets using sleep aid melatonin before loss to Carlos Alcaraz