As a refresher: NBA rules state a PE firm cannot be the largest stakeholder in a team; the controlling owner must contribute 15% of the purchase price, and a PE firm with a minority stake can own only 20% or less than 15% if the controlling owner has only 15%. Chisholm has a PE firm, Symphony Technology Group, but a different PE firm, Sixth Street, has committed more than … [Read more...] about
by Hoops Hype