Report Shows NBA Team Owners Have Collective $10 Billion Invested in Communist China
Owners of NBA teams have a collective $10 billion invested in China, according to a new report released Thursday.
The NBA has been frequently criticized for doing business with China while refusing to speak against a myriad of issues plaguing the communist nation — including repression of ethnic minorities like the Uyghurs — even as coaches and star athletes lambast the United States for systemic racism. Now, a new analysis from ESPN found that the league’s 40 principal owners “collectively have more than $10 billion tied up in China.”
“The owners’ myriad ties to the world’s second-largest economy leave their businesses vulnerable if they get on the wrong side of the Chinese government or the public there,” the analysis found.