Can a female be an NBA franchise owner...and if so...how do u become one??

Question

do u really have to be a billionaire...like how much would one have to invest??

Answer 1

There is a current female owner now.

Juliana Holt of the San Antonio Spurs. She was rich before she married Peter Holt. They formed a separate company to buy their shares of the Spurs as equal partners.

If people refer to her as 'the owner's wife' then they should also refer to Peter Holt as 'the owner's husband'.

Answer 2

There is no gender restriction on the ownership of NBA franchises. Some of the NBA franchises may have women as members of the ownership group but I do not know if there is any way to confirm that one way or the other.

To become an NBA owner, first, a current ownership group must be seeking to sell or the NBA must be expanding to add new franchises.

If someone is trying to sell a franchise, the next step is to put together a group of people who can raise a very large sum of money -- probably between $100 million and $500 million.

Assuming that a woman is interested and able to become part of such a group, the group can then make an offer to purchase the franchise. Of course, the current owners will make the decision as to whom and for how much they will sell the franchise.

Assuming that the current owners agree to sell the franchise to this group, the sale must still be approved by the owners. Basically, aside from obvious disqualifications like connections to gaming and organized crime, the owners are wanting to make sure that the group is financially stable and has an idea what it is doing.

The process is much more difficult for an expansion franchise. In that circumstance, the league will set the price for the new franchise. While the ownership group for a new franchise is important, the proposed location is even more important. The owners are going to look very closely at the different locations proposed by the different groups to see if those locations can support a team and which location will benefit the rest of the league the most.

Answer 3

If you have the right financial backing and business acumen there is no reason why not. You would have to go through League Rules and Structures. Franchises in the NBA are usually quite traditional and remain in one family or corporation for awhile unless they are bleeding money and need new ownership or investors.

I wish you luck! There are a lot of top CEOs that are women I do not see why you could not also be an owner.

Answer 4

OF COURSE!

Gender is not an issue in NBA ownership. It just so happened that the NBA is dominated by male owners because of the fact that males are naturally drawn towards sports since childhood and owning a team is the ultimate crowning achievement.

To be a significant owner, you have to buy enough shares of a team which could run from around $50M to $200M.

You don't have to own the whole team to be a controlling owner, you just have to have the largest controlling stake.

Answer 5

Yes, there is no rule preventing women from becoming owners of NBA franchises.

Teams can have one owner, or several owners who pool their money in order to buy the team.

The league office has to approve all owners of franchises prior to their purchase of a team.

Answer 6

YESS!! there is no such thing as
"you cant become a owner because of your gender"
well its a long shot but i guess you go to the NBA front office where ever that is, and fill out some papers and then go to the team you want to. And if the price is right you are and NBA owner

Answer 7

You just need the money. Not Billions, but if you want to invest in the team by yourself, without a team of financial backers or partners then you'll need somewhere from $250-400 Million dollars. Prices depend on the team because some teams are in bigger markets and have more value(Lakers and Knicks)

Answer 8

Yes, The San Antonio Spurs have a woman owner. She just happens to be married to Mr. Peter Holt whom is publicly refered to as the owner. Incidentally, the San Antonio Spurs also have a Minority owner. He just happens to be Mr. David Robertson, hall of famer and voted as one of the 50 greatest all time players. As usual, San Antonio Spurs, diversified, dignified, and class from top to bottom.

Answer 9

Yes you would have to be a Billionaire, and have a few minority owners to help out.

Answer 10

probably 300-500 million... that's why a lot of people pool together to try and buy franchises.

unless you're just looking at being a partial owner