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Ice Cube's Big3 Basketball League Sells Its First Team in $10 Million Deal.
In: Bloomberg.com, 2024-05-10, S. N.PAG
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Ice Cube's Big3 basketball league has sold its first team in a $10 million deal. The team, which will be based in Los Angeles, is being acquired by a group led by investment firm DCB Sports. The Big3 is transitioning from a touring league to a city-centric model and plans to sell all 12 of its teams by the summer of 2025. The league also intends to make London and Toronto home cities for its teams and is considering expanding to 16 teams by 2025. The new format will allow teams to build their own local fanbases and attract more viewers. The 3-on-3 form of basketball is gaining popularity, especially with its inclusion in the Summer Olympics. [Extracted from the article]
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Ice Cube's Big3 Basketball League Sells Its First Team in $10 Million Deal.
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Autor/in / Beteiligte Person: | Bhasin, Kim |
Zeitschrift: | Bloomberg.com, 2024-05-10, S. N.PAG |
Veröffentlichung: | 2024 |
Medientyp: | serialPeriodical |
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