Business Rumors

Former NBA All-Star Stephon Marbury will purchase the Beijing franchise of a fledgling American-football arena league, the league announced on Friday, October 20. Marbury, who has starred in the Chinese Basketball Association since 2010 for several teams before settling in recent years in Beijing, has already announced that the coming season will be his last on the hardcourt. The China Arena Football League (CAFL), which bills itself as the country’s first professional American football league, said in a statement that Marbury, 40, has agreed to take ownership of the team as the first step in a next-stage career as a sports executive.
For the first time since his NBA preseason debut, Lonzo Ball wore his own signature shoe—the Big Baller Brand ZO2 Prime Remix—to a Los Angeles Lakers game, according to ESPN’s Jovan Buha. This time around, though, he wore them for little more than warming up before the Lakers’ exhibition finale against the Clippers and warming the bench during Friday night’s game at Staples Center.
Storyline: Lonzo Ball Shoes
Newly minted Houston Rockets owner Tilman Fertitta said he’d rather not take on limited partners, but he would be willing to make an exception for pop superstar Beyonce. “I prefer to own 100 percent,” Fertitta told the Bloomberg Business of Sports podcast that airs Oct. 13. “If somebody as special as a Beyonce or somebody like that wanted to come in for a tiny percentage because they wanted to be an ambassador for the team because this is their hometown — would I sit down and discuss it with them? Yeah, I would sit down and discuss it with them. It’s a compliment to have somebody like Beyonce to want to be a part of your team.”
Fertitta brought up some humorous options such as buying a spaceship (could $2.2 billion actually buy you your own spaceship?) and even mentioned looking at other leagues. While he said he wishes he could own the Houston Astros, who are in the middle of an amazing postseason run right now, it was interesting that he compared the NBA and NFL side-by-side and determined the NBA was the best purchase. “I would’ve been scared to pay $2.2 billion for an NFL franchise at this point,” Fertitta said. “The NBA is where it’s at.”
As Carmelo Anthony enters his 15th season in the NBA, his new Oklahoma City Thunder uniform won’t be the only change in his look. He also apparently won’t have a new Jordan signature sneaker to wear. Jordan Brand is halting the Melo shoe series after 13 models, according to industry sources, making last season’s Melo M13 sneaker the final model of the line. Though he has continued wearing the M13 during Thunder preseason games, it’s expected that Anthony will wear a combination of shoes from the brand this upcoming year, such as the Air Jordan XXXII, custom editions of retro models, and possibly even a remixed version of his very first signature model.
2 weeks ago via ESPN