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I think the team Parker bought was about to fold...
Parker doesn't own Paris Basket Racing. It was a bad investment and he got out of it a few years back.
I think the team Parker bought was about to fold...
I didn't know he sold it...
Paris Basket Racing sold for $60,000 and the assumption of 2.3 mil in debt.
well considering that teams like Tau pay million dollar contracts to their top players, I'd say the price for Tau might be a bit higherStill, I admit, I don't know exactly how much
Thank you.
Paris Basket Racing isn't a Euroleague team. It's a French league team.
damn... you beat me to that
JB47 keeps asking about the prices of Euroleague teams. None of these teams mentioned - Kobe's, PBR - are Euroleague teams. Euroleague teams are extremely expensive.
Are we talking Yankees/Redskins (nearly $1B)?
Liverpool F.C. (Hicks and Co. purchased it for ~$500M)?
No, I know...it's helpful, though, because I'm trying to get a mindset of team ownership for the purposes of this discussion and future team investments.
I'm trying to find the price of the NBDL franchises, too.
It would be interesting to find out how much a team like Barcelona or Manchester United would cost. When was Liverpool sold?
It's not unprecedent for someone to own part of a NBA franchise and a big portion of a Euroleague team.
Raanan Katz, who is one of the six or seven people who own the majority of the Heat, is co-owner of Maccabi.
The entire Real Madrid franchise group is apparently worth ~$400M.
Manumaniac is right....some of these teams actually have guys making a million a year or more I think. Once a team is paying that kind of money, they have to have a hefty price tag...it's not like buying a MLB minorleague franchise or NBDL. There are some guys who choose to stay in Europe because they are being paid extremely well.
If an NBDL team costs 10-20 million....some of these top Euroleague teams could be carrying a price of a 100 million or more. I mean you don't see the Euroleague MVP signing to play in the NBDL. I don't know the exact values, and it probably varies depending on the National League it is affiliated with and the economic conditions of the country where it is located....probably a greater variation than there is between high end and low end NBA teams...
In summary...financially speaking, the Spurs probably could buy a Euroleague or 2nd tier European team if they really wanted to do so ...but Tau probably wouldn't be the one.
February of this year.
The worth of Manchester United is estimated at$ 1.5B.
I think Sabonis actually does own a Euroleague team...doesn't he?
He played his final seasons for the team he owns I thought...and I doubt he'd be playing in a scrub league.
He owns part of Zalgiris Kaunas - they are a Euroleague team.
yeah, but I think Man U is the most expensive one, I know I read that somewhere. I'd say 500M would be a good estimate for most of the top football teams. In that case, I wouldn't put a Euroleague basketball team above 100M, but if there was, Tau would probably be around that price, I'd think.
Alright, if I win Mega Millions, I'm buying a CBA franchise and my first move would be to hire LJ Ellis as GM.
I'd like to find the value of Lutvyos Rytos or wheverever Javtokas team was...it was ULEB Cup team that played it's way into the Euroleague...it is a financially strapped team and can never afford to keep it's players.
To me that would be the best way to do it...by a ULEB Cup team and stock it with top level draft picks and solid vets and play it into the top level of Euroleague.
IMO...if an NBA team was to do this...it would be very easy for them to create a Euroleague Dynasty that would DreamTeam it's opponents year in and year out.
According to Wiki, a newspaper owns BC Lietuvos Rytas.
Quantos DeNiro?
No say, gringo.
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