NBA Rumors

Jamal Mashburn interested in NBA ownership

Q: Do you still have interest in being part of a pro sports ownership group? Jamal Mashburn: I’ve been approached a number of times. There is always interest. The way I kind of look at ownership now, the valuations of NBA franchises have gone through the roof. You’re talking about in excess of a billion dollars even for a small-market franchise. I think there are opportunities there. I think there are future opportunities. I’ve looked at the MLS as an opportunity. So yeah, I do have interest.
This rumor is part of a storyline: 1 more rumor
Q: In 2012, you were involved in a bid to buy the Hornets. What was that process like for you? Jamal Mashburn: Very educational. There was a group — I won’t mention their names because they want to remain quiet — it was actually one company, and they’re pretty successful down in that Louisiana area. I think my bid was $275 (million) at the time. I spoke directly to (commissioner) David Stern. We became fast friends after I retired. I was one of the few players that took a meeting with him and felt that if I’m going to shake your hand on draft night I must shake your hand on exit. When I had that meeting with him, they were like, ‘Well, would you like to work with us? We didn’t know you were doing all this stuff off the court.’ I was like, ‘David, I appreciate the flattery, but I’m going to come back and be a partner.’ From that day on, David was a champion for me to get into NBA ownership. He showed me books of teams that were for sale, actual financials and things like that.
Mashburn has been a stakeholder in close to 100 franchises since he stepped away from the game. He has owned Outback Steakhouse and Dunkin’ Donuts franchises, and has held onto Papa John’s franchises, car dealerships and a waste management company. Masburn also sits on the board of directors at McClatchy, the newspaper chain, serves as an advisor to Revolution Global, an Illinois-based cannabis company, and is part of an investment group that is building a hotel in Rochester, Minnesota. “A lot of athletes reach out to me about transitions and everything like that,” Mashburn said. “One thing I always tell them is I planned my transition when I entered. That’s how I look at business as well. When you buy a company or you invest in something, my next question is when is the exit? Or when are you thinking about exiting?”
Gabriel Deck has been recently reported to be on the radar of some NBA teams and while that stays a possibility, the 25-year-old forward has one more year on his contract with Real Madrid and he intends to give his best for teh ‘Whites’. “One dreams of reaching the top, but today I try to do my best for the club, we are in an impressive place like Madrid, which has been doing things well for a long time,” Deck said on UcU Web Radio and addressed the rumors of his move to the NBA.
Storyline: Gabriel Deck Free Agency